NOT LISTED FOR SALE

1000 Jersey St Unit A & B Bellingham, WA 98225

Sehome Neighborhood

Estimated Value: $686,976 - $926,000

1 Bed
1 Bath
-- Sq Ft
4,581 Sq Ft Lot

Last Sold November 10, 2020

Last sale price $729,115

Est. 11% increase in value since last sale

Current estimated payment $5,021/month

44 Days on Market

Highlights

  • Rooftop Deck
  • Territorial View
  • Tankless Water Heater
  • Fairhaven Middle School Rated A-
  • Corner Lot
  • 2-minute walk to Laurel Park

About This Home

As of November 2020

Attention Investors: Don't miss this CASH cow with a 6.5% cap rate! The Victorian-style duplex is on a corner lot near WWU & Downtown & the City confirmed it's grandfathered-in. Unit A: 3 bedroom/1 bath on upper 2 levels w/deck and territorial views. Unit B: 4 bedrooms/2.5 bath on main floor of house and detached building. Large yard with garden space, parking on-site and 4 parking permits available + 4 guest passes. Tenants pay gas & electric and flat fee for W/S/G.

Last Listed By

Nikki Quinn

Hammer Properties NW Inc. License #83115 Listed on: 08/03/2020

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1640210

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,703

Year Built

  • Built in 1910

Lot Details

  • 4,581 Sq Ft Lot
  • Lot Dimensions are 37x126
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Rooftop Deck
  • Outbuilding

Utilities

  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Eldridge Bartlet's Add To Sehome Condos
  • Sehome Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 17
  • Assessor Parcel Number 3803312454080000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,703

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1910
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Eldridge-Bartlet's Add to Sehome
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 299

Interior Features

  • Possible Use: Residential, See Remarks
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Tankless Water Heater, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Post & Pillar, Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 2234

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3803312454080000
  • Lot Size Acres: 0.1052
  • Lot Size: 37x126
  • Lot Size Sq Ft: 4581
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,Outbuildings,Rooftop Deck
  • MLSLotSizeSource: CityIQ
  • ZoningJurisdiction: City
  • ZoningClass: Residential,See Remarks
  • LotNumber: 16

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 5330

Multi Family

  • Gross Scheduled Income: 63960
  • Net Operating Income: 49417
  • Number Of Units Total: 6
  • Insurance Expense: 2000
  • Leasable Area: 2600
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4703

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Oct 21, 2020
Sold by
Greenbank Properties 3 Llc
Bought by
Decristofaro Nicolas
Seller's Agent
Nikki Quinn
Hammer Properties NW Inc.
Buyer's Agent
Robert Macdonald
Lake & Company
List Price
$759,900
Sold Price
$729,115
Premium/Discount to List
-$30,785
-4.05%
Total Days on Market
44
Current Estimated Value
$812,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,379
Avg. Annual Appreciation
2.56%
Original Mortgage
$432,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2017
Sold by
Bennett Patrick W
Bought by
Greenbank Properties 3 Llc

Purchase Details

Closed on
Jul 6, 2017
Sold by
Gregory James Frederick
Bought by
Bennett Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,675
Interest Rate
3.95%
Mortgage Type
New Conventional

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Decristofaro Nicolas $729,115 Whatcom Land Title
Decristofaro Nicolas $12,083,250 Whatcom Land Title
Decristofaro Nicolas $729,115 Whatcom Land Title
Greenbank Properties 3 Llc -- None Available
Bennett Patrick $564,900 Whatcom Land Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decristofaro Nicolas $533,360
Closed Decristofaro Nicolas $432,000
Closed Decristofaro Nicolas $432,000
Closed Decristofaro Nicolas $432,000
Previous Owner Bennett Patrick $423,675
Previous Owner Gregory James Frederick $65,000
Previous Owner Gregory James Frederick $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $729,115 -4.1% --
09/16/2020 09/16/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $759,900 0.0% --
08/08/2020 08/08/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $759,900 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,945 $745,078 $349,954 $395,124
2023 $5,945 $764,048 $358,864 $405,184
2022 $4,699 $647,511 $304,128 $343,383
2021 $4,610 $505,868 $237,600 $268,268
2020 $4,704 $468,396 $220,000 $248,396
2019 $4,431 $461,976 $216,820 $245,156
2018 $4,352 $436,348 $204,895 $231,453
2017 $256 $366,420 $176,093 $190,327
2016 $254 $333,430 $160,125 $173,305
2015 $265 $310,576 $151,042 $159,534
2014 -- $301,237 $146,500 $154,737
2013 -- $323,462 $141,600 $181,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1640210

Northwest Multiple Listing Service (NWMLS)

APN: 380331-245408-0000