OFF MARKET

Off market mar 2023 for $240K

—

Est. refi paymentEst. refi $1,295/mo

•

2 ba

•

1,228

sq ft

217 Panama Rd, Bakersfield, CA 93307

About this home

Amazing opportunity! Two houses on a large Acre lot, with tons of upside potential. One 2bedroom/1ba rent is $750. Other home is 1 bedroom/bath rent is $650. Already rented, long time tenants, current rents do not reflect current market value. Great upside potential for rents - possibly $1000-1,200. Close to freeway access. This is desirable Greenfield area between Bakersfield and Lamont. High demand for rental property in this country-like area. They do have deferred maintenance, but priced accordingly!. No FHA offers, prefer CASH, Conventional, or Hard Money. Needs work.

Multi-familyProperty Type

1939Year Built

0.27 acresLot Size

$195Price/Sq.Ft.

1 car garageParking

Listed by Philip Jordan •DRE #00966411 • Keller Williams Realty

Bought with Mary Cruz Rodriguez •DRE #01028350 • Mary Cruz Realty, Inc

Redfin checked: 2 minutes ago

•Source:GEMLS #202301567

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 93307, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.4%

0.5% MoM

Median sale price

$357K

$2K MoM

Avg. days on market

40d

3 days MoM

Recently sold homes

114

17 MoM

New listings for sale

NEW 3 HRS AGO
$275,000
4 beds2 baths1,782 sq ft
8870 Hudson Pl, Bakersfield, CA 93307
NEW 22 HRS AGO
$450,000
3 beds2 baths1,288 sq ft
619 Fairfax Rd, Bakersfield, CA 93306
NEW 32 HRS AGO
$180,000
3 beds1 bath1,097 sq ft
963 Shaeffer Ave, Bakersfield, CA 93307
$90,000
3 beds2 baths1,034 sq ft
1301 Taft Hwy, Bakersfield, CA 93307
$412,720
3 beds2 baths— sq ft
6106 Banner Ct, Bakersfield, CA 93307
$349,999
4 beds2 baths— sq ft
8505 Criterion Dr, Bakersfield, CA 93307
$90,000
3 beds2 baths1,034 sq ft
1301 Taft Hwy #94, Bakersfield, CA 93307
$450,000
4 beds3 baths2,419 sq ft
1502 Park City Ave, Bakersfield, CA 93307
8302 Regis Rd Unit 3020a, Bakersfield, CA 93307
$431,990
4 beds3 baths— sq ft
8302 Regis Rd Unit 3020a, Bakersfield, CA 93307
$407,990
4 beds2 baths— sq ft
8238 Regis Rd Unit 3019a, Bakersfield, CA 93307
See all

Provided by Redfin

Sale history for 217 Panama Rd

Date

Event

Price

GEMLS #202301567

Mar 15, 2023

Sold

$240,000

$195/sq ft

Mar 2, 2023

Pending

—

Feb 24, 2023

Listed

$235,000

$191/sq ft

Public Records

Feb 24, 2004

Sold

$100,000

$81/sq ft

GEMLS #23009486

Feb 27, 2004

Price Changed

$98,500

$80/sq ft

Feb 27, 2004

Sold

$100,500

$82/sq ft

Nov 7, 2003

Delisted

—

Oct 20, 2003

Listed

$100,500

$82/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$4,137 (+2.6%)

$52,020 + $197,676

$249,696

2024

$4,031 (+56.7%)

$52,020 + $197,676

$249,696

2023

$2,572 (+5.4%)

$52,020 + $78,030

$130,050

2022

$2,440 (+13.7%)

$52,020 + $78,030

$130,050

2021

$2,145 (+4.2%)

$50,000 + $75,000

$125,000

2020

$2,058 (+0.3%)

$30,000 + $82,000

$112,000

2019

$2,053 (+23.3%)

$30,000 + $82,000

$112,000

2018

$1,665 (+2.7%)

$30,000 + $82,000

$112,000

2017

$1,621 (+54.1%)

$30,000 + $55,000

$85,000

2016

$1,052 (−0.5%)

$30,000 + $55,000

$85,000

2015

$1,057 (+26.1%)

$26,000 + $50,000

$76,000

2014

$838

$30,000 + $26,000

$56,000

Tax history for 217 Panama Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,137 (+2.6%)

$52,020 + $197,676

$249,696

2024

$4,031 (+56.7%)

$52,020 + $197,676

$249,696

2023

$2,572 (+5.4%)

$52,020 + $78,030

$130,050

2022

$2,440 (+13.7%)

$52,020 + $78,030

$130,050

2021

$2,145 (+4.2%)

$50,000 + $75,000

$125,000

2020

$2,058 (+0.3%)

$30,000 + $82,000

$112,000

2019

$2,053 (+23.3%)

$30,000 + $82,000

$112,000

2018

$1,665 (+2.7%)

$30,000 + $82,000

$112,000

2017

$1,621 (+54.1%)

$30,000 + $55,000

$85,000

2016

$1,052 (−0.5%)

$30,000 + $55,000

$85,000

2015

$1,057 (+26.1%)

$26,000 + $50,000

$76,000

2014

$838

$30,000 + $26,000

$56,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.27 Acres

Year renovated

1939

Sq. Ft.

700

Year built

1939

Style

Multi-Family (2-4 Unit)

County

Kern County

APN

18506004008

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 14, 2026.

Exclusive Agriculture District

The purpose of the Exclusive Agriculture (A) District is to designate areas suitable for agricultural uses and to prevent the encroachment of incompatible uses onto agricultural lands and the premature conversion of such lands to nonagricultural uses. Uses in the A District are limited primarily to agricultural uses and other activities compatible with agricultural uses.

Permitted uses

Include but are not limited to:

Greenhouse / nursery
Livestock production
Winery & vineyard
General retail
Housing-Single unit
Housing-Other
Infrastructure
Communications tower
Agriculture-Cropland
Housing-Mobile home park

Property details

Parking

Parking Information
Parking: Garage, Uncovered

Interior

Multi-Unit Information
# of Units: 2
Financial Info: Owner
Annual Gross Income: $17,100
Annual Net Income: $15,732
Income/Expense Info: Pro Forma
Total Annual Expense: $1,368

Unit Type 1 Information
# of Units: 1
# of Bedrooms: 2
# of Baths: 1
Actual Monthly Rent: $750

Unit Type 2 Information
# of Units: 1
# of Bedrooms: 1
# of Baths: 1
Actual Monthly Rent: $675

Exterior

Building Information
Stories: 1
Foundation: Conc./Perim
Roof: Composition, Wood

Exterior Features
Exterior Material: Wood

Land & Farm Information
Census Tract: 32.02
Acres: 0.27

Lot Information
Lot Measurement: Square Feet
Zoning: RA

Property Information
Occupant Type: Tenant

Financial

Lease Information
Vacancy Factor: 1.00

Utilities

Utility Information
Heating & Cooling: Evaporative, Floor/Wall Heater
Sewer/Water: Septic Tank, Public Water

Location

School Information
Elementary Districts: Greenfield Union
Elementary School: Granite Pointe
Jr. High School: McKee
Sr. High School: Golden Valley

Public facts

Beds: 2
Baths: —
Sq. Ft.: 700
Stories: 1.0
Lot Size: 0.27 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1939
Year Renovated: 1939
County: Kern County
APN: 18506004008

Home facts updated by county records on Sep 14, 2026

Other

Listing Price Information
Price Per Unit: $117,500

Around this home

Schools

Crescent Elementary

Public K-5 • Assigned • 2.1mi

3/10

Mckee Middle School

Public 6-8 • Assigned • 0.5mi

5/10

Golden Valley High School

Public 9-12 • Assigned • 1.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

8/10 Heat Factor

7 days above 104° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

33 unhealthy days expected this year, 37 days in 30 years

Provided by First Street

Historical weather

Bakersfield, CA • 93307

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.6 hours in June and 5.4 hours in December, placing it above the U.S. average for solar exposure.

11.6 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Bakersfield. 3 minutes to get started.

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New listings for sale in 93307

NEW 3 HRS AGO

$275,000

4 beds2 baths1,782 sq ft

8870 Hudson Pl, Bakersfield, CA 93307

NEW 22 HRS AGO

$450,000

3 beds2 baths1,288 sq ft

619 Fairfax Rd, Bakersfield, CA 93306

NEW 32 HRS AGO

$180,000

3 beds1 bath1,097 sq ft

963 Shaeffer Ave, Bakersfield, CA 93307

$90,000

3 beds2 baths1,034 sq ft

1301 Taft Hwy, Bakersfield, CA 93307

$412,720

3 beds2 baths— sq ft

6106 Banner Ct, Bakersfield, CA 93307

$349,999

4 beds2 baths— sq ft

8505 Criterion Dr, Bakersfield, CA 93307

$90,000

3 beds2 baths1,034 sq ft

1301 Taft Hwy #94, Bakersfield, CA 93307

$450,000

4 beds3 baths2,419 sq ft

1502 Park City Ave, Bakersfield, CA 93307

$431,990

4 beds3 baths— sq ft

8302 Regis Rd Unit 3020a, Bakersfield, CA 93307

Home values near 217 Panama Rd

Data from public records.

Address	Redfin Estimate
209 Panama Road, Bakersfield, CA 3 Beds \| - Baths \| 1223 Sq. Ft.	$346,167
400 Panama Road, Bakersfield, CA 3 Beds \| 1 Baths \| 1087 Sq. Ft.	$313,236

Address	Redfin Estimate
435 Panama Road, Bakersfield, CA 3 Beds \| 2 Baths \| 1590 Sq. Ft.	$465,883
213 Panama Road, Bakersfield, CA 3 Beds \| 1 Baths \| 1223 Sq. Ft.	$282,360

Address	Redfin Estimate
300 Panama Road, Bakersfield, CA 3 Beds \| 2 Baths \| 2116 Sq. Ft.	$393,090
0 Panama Road, Bakersfield, CA - Beds \| - Baths \| - Sq. Ft.	—

Property information provided by GEMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 93307, CA

Sale history for 217 Panama Rd

Tax history for 217 Panama Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 93307

Home values near 217 Panama Rd

More real estate resources