$5,106 Closing Credit¹
#NS24183535, Javier Guzman, Listing Office: LPT Realty, Inc.
$435,000 List price
501 Magnolia Ave Bakersfield, CA 93305
$5,166
Closing credit¹
5 beds
3 baths
2,288 sqft
0.5 acres
$190 / sqft
House
Property details
About 501 Magnolia Ave
Welcome to an exceptional investment opportunity in one of Bakersfield's most sought-after neighborhoods. This expansive property sits on over half an acre and offers endless potential for the savvy investor or visionary homeowner. The home features five generously sized bedrooms and three bathrooms, with the framework already in place and awaiting your finishing touches. Step into the spacious backyard where a large in-ground pool sets the stage for future summer gatherings and outdoor enjoyment. Rare for the area, this home includes a basement partially finished with a private bar, offering a unique space for entertainment or a retreat area. Major upgrades already completed include: Brand new roof, New windows throughout, Upgraded electrical system, New plumbing, Modern HVAC system installed. All the heavy lifting has been done. Now it's time for your creativity to shine and transform this hidden gem into a true masterpiece.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size2,288 sqft
Lot size0.51 Acres
Year built1936
MLS #202504087
Garage2 spaces
Private poolYes
Summary
- MLS Number: 202504087
- MLS Name: Bakersfield
- Office Name: Miramar International-Riverwalk
- Office Email: AvtarTheBestRealtor@yahoo.com
- Listing Agent: Avtar Singh
Based on information from Golden Empire MLS, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Bakersfield Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/13/2025, 3:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$435,000
501 Magnolia Ave
$5,166
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 15, 2023 | Home Sold | $260,000 |
| May 31, 2002 | Home Sold | $155,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $265,200 | $4,040 |
| 2023 | $220,067 | $3,389 |
| 2022 | $215,753 | $3,280 |
| 2021 | $211,523 | $3,166 |
| 2020 | $209,355 | $3,126 |
| 2019 | $205,251 | $2,957 |
| 2018 | $201,228 | $2,932 |
| 2017 | $197,284 | $2,932 |
History based on county public records data.
Nearby schools
4
Noble Elementary School
Public District KG-5
0.5 mi
•1015 Noble Ave
2
Jefferson Elementary School
Public District KG-6
1.0 mi
•816 Lincoln St
3
Longfellow Elementary School
Public District KG-6
1.1 mi
•1900 Stockton St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $90,461. Most Bakersfield, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
16%
<35k
45%
35k-100k
33%
100k-200k
6%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
15%
Single, with Kids
25%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Live Theatre
Where do the neighbors shop?
IKEA
Crate & Barrel
Bloomingdales
Where do the neighbors go to eat?
Quiznos
Starbucks
Boston Market
What do the neighbors drive?
Lexus
BMW
Mercedes
What do the neighbors listen to?
Soft Adult Contemporary
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 501 Magnolia Ave
This home is located at 501 Magnolia Ave in Bakersfield, CA and zip code 93305 in the The Northeast neighborhood. This 2,288 square foot home, which was built in 1936, sits on a 0.51 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $435,000.
Bakersfield, CA housing market in March 2025 saw over 99 listings sold above listed price, more than 119 sold at listed price and over 138 sold below. Between February and March 2025, Bakersfield, CA real estate market has seen increase in the number of listings by 10%. In March 2025 median list price was $388,460 and the average listing age was 52 days.
From Rocket Homes Real Estate and based on county public records data.