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7240 Olive Dr, Bakersfield, CA, 93308

3beds
2baths
2,180sqft
$435,000
$200price/sqft
$3,327/moest. monthly cost
$133,080/yrincome needed

About This Home

Home Sweet Home! That's what you'll feel when you walk through the front doors the first time and that's what you'll feel as you live here! This is a sweet home, ready for a new owner. Semi-custom built by John Petris and only ever had one owner. So well-maintained and loved and ready to go!Beautiful curb appeal! Meticulously landscaped throughout the property! Double-door entry into a tiled foyer. Formal Living Room and Formal Dining Room. Separate Family Room with fireplace. Breakfast Bar. Gleaming hardwood cabinetry with storage space galore! Spacious Bedrooms & sparkly clean Bathrooms! Tons of built-in wood cabinetry in Kitchen, Laundry Room & Hallway provides more than enough storage space! The home has been recently updated with new(er) roof, color-coated stucco, energy efficient windows & more! RV Parking and alley access. So much to love! This beauty is priced to go so make an appointment to see it today!

Getting Around

30
WalkingCar-Dependent
24
TransitMinimal Transit
44
BikeSomewhat Bikeable

Schools

7/10
5/10
Norris Middle SchoolGrades 7-81.6 mi
8/10
Centennial High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1984

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,180
  • Total interior livable area: 2,180 sqft

Property

Details

  • Parcel number: 36213108
  • Zoning: R-1
  • Zoning description: R-1
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.26 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: 2 Car Garage,Open,RV Access/Parking
  • Has garage: Yes
  • Attached garage spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Kern County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,199$26,388
Home Insurance *$164$1,968
Property Taxes $497$5,964
Electricity $467$5,609
Total$3,327$39,924
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$114,068/yr
40% on housing$99,810/yr
45% on housing$88,720/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.2%
2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$200This listing

vs Other Active Listings

Avg $/sqft

ZIP 93308$154
Kern County$201

vs Homes Sold Last Month

Median $/sqft

ZIP 93308$234
Kern County$233

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-14Listed for sale$465,000

For Sale by Agent

AgentDarlene L. Tobias
BrokerageNexus Real Estate

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