Sold! Inside The $227,000 Sale Of 2801 Lake St, Bakersfield, CA: A Northeast Market Analysis

The question on every Bakersfield real estate investor's mind has been answered. As of the current date, December 24, 2025, the single-family residence at 2801 Lake St, Bakersfield, CA 93306, is officially *not* for sale. This classic Northeast Bakersfield property recently completed a significant transaction, moving off the market in mid-2025 and setting a new benchmark for comparable homes in the area. This article delves into the details of the sale, the home's features, and the broader implications for the local real estate landscape. The property has garnered attention not only for its vintage charm but also for its prime location within the 93306 ZIP code. Its recent sale provides a crucial, up-to-the-minute data point for anyone tracking the competitive housing market dynamics of Kern County.

2801 Lake St, Bakersfield, CA: Property Biography and Transaction History

The home at 2801 Lake St is a quintessential example of post-war Bakersfield architecture, offering a blend of historical charm and potential for modern updates. Understanding its profile is key to grasping its market value.

• Full Address: 2801 Lake St, Bakersfield, CA 93306
• Property Type: Single Family Residence
• Year Built: 1953
• Last Sale Date: June 27, 2025
• Last Sale Price: $227,000
• Bedrooms (Last Listing): 2
• Bathrooms (Last Listing): 1
• Square Footage (Last Listing): 1,294 Sq. Ft.
• Lot Size (Public Record): Approximately 5,662 Sq. Ft.
• Price Per Square Foot (Last Sale): Approximately $175
• Previous Public Record Sale: $235,000 (Note: Public records often vary from final listing details)

The June 2025 transaction for $227,000 confirms the property's status as a recently sold asset, placing it firmly in the history books of the Northeast Bakersfield market. This sale price, while seemingly modest compared to California's major metro areas, reflects a solid valuation for its size and location within the local market.

Analyzing the $227,000 Sale: Why the Price Point Matters

The final sale price of $227,000 for the 2801 Lake St residence is highly informative for both buyers and sellers in the Bakersfield area. It provides a clear snapshot of current market conditions for homes built in the mid-20th century that are typically sought after by first-time homeowners or real estate flippers.

The Value Proposition of a 1953 Build

Homes built in the 1950s, like this one, often feature sturdy construction and a larger lot size compared to modern developments. This property, built in 1953, offers 1,294 square feet of living space, which is a comfortable size for a starter home or a small family. The charm of a vintage home, combined with a price point under $230,000, makes it an attractive entry point into homeownership in Kern County. The $175 per square foot valuation is a key metric. It suggests that the home was sold either in a move-in ready condition requiring minor cosmetic updates or, more likely, as a fixer-upper with significant potential for value-add renovation. The discrepancy in public records—some sources list it as a 3-bedroom, 1-bath property with 1,654 sq. ft.—highlights the potential for unpermitted additions or changes that may have been corrected or clarified during the final listing and appraisal process. The final, lower square footage and bedroom count in the sold listing are the most reliable indicators of the property's certified size at the time of sale.

Northeast Bakersfield Market Dynamics

The Northeast Bakersfield area, particularly the 93306 ZIP code, is known for its established neighborhoods and proximity to local amenities. The sale of 2801 Lake St contributes to the overall market trend, which has seen steady appreciation in recent years. The competitive nature of the Bakersfield housing market means that even properties that are not high-end or luxury often receive multiple offers, driving the final sale price close to, or sometimes above, the asking price. The June 2025 sale indicates that demand for affordable, single-family homes in this region remains strong, despite broader economic fluctuations. This transaction serves as a crucial comparable sale, or "comp," for real estate agents evaluating similar properties on nearby streets.

What the Sale of 2801 Lake St Means for Future Buyers and Sellers

For potential buyers who missed out on this particular property, the sale of 2801 Lake St offers several important takeaways about the Northeast Bakersfield market. For sellers, it provides a realistic expectation for pricing comparable homes.

A Benchmark for Starter Homes in 93306

The $227,000 price point establishes a clear benchmark for homes with a similar profile: 2 to 3 bedrooms, 1 to 2 bathrooms, built in the 1950s or 1960s, and located near the Lake Street corridor. Buyers looking in this segment should be prepared for prices in the low-to-mid $200,000s, especially for homes requiring minimal to moderate renovation. Key entities to consider when evaluating value in this neighborhood include:

• Proximity to Lake Ming and the Kern River Parkway Trail, which adds recreational appeal.
• Accessibility to major thoroughfares like Highway 178.
• The overall condition of the roof, HVAC system, and plumbing, which are critical for older homes.
• The potential for adding a second bathroom, which significantly increases resale value.

Investment Potential and Renovation Opportunities

For real estate investors, the 2801 Lake St sale highlights the enduring viability of the "buy, renovate, and sell" strategy in Bakersfield. A home sold at $227,000 with a 1953 vintage likely offers significant upside potential. A complete renovation—including updated kitchen cabinetry, modern flooring, energy-efficient windows, and a refreshed bathroom—could easily push the After Repair Value (ARV) well into the $300,000s, depending on the scope of work and current market appreciation rates. The property's architecture and lot size allow for various renovation styles, from a modern farmhouse aesthetic to a classic mid-century modern revival. The profitability of this transaction will be closely watched by local investors, as it provides a real-world case study on the cost-to-value ratio in the 93306 area.

Conclusion: The End of a Listing, The Start of a New Chapter

The chapter on 2801 Lake St, Bakersfield, CA, being "for sale" has closed with its successful transaction in June 2025. The $227,000 sale is a definitive marker of the current state of the Northeast Bakersfield real estate market, confirming strong demand for affordable, character-filled homes. While the listing is gone, the data it provides is invaluable for anyone navigating the Kern County housing landscape. It serves as a reminder that even in a rapidly appreciating market, opportunities for entry-level homeownership and profitable investment remain available for those who can act decisively on fresh information.

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