Listed by Keller Williams Western Realty, Bought with Bellwether Real Estate
NOT LISTED FOR SALE

Estimated Value: $1,065,030

-- Bed
5 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold June 30, 2014

Last sale price $420,000

Est. 154% increase in value since last sale

Current estimated payment $5,913/month

130 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • High Speed Internet
  • Bellingham High School Rated A
  • Corner Lot
  • Partially Fenced Property

About This Home

As of June 2014

Own a piece of Bellingham History. The Historic Pickett Building home to Letter Street Coffee House plus 4+ apartments upstairs. Plenty of off street parking. Close to downtown, courthouse, restaurants, galleries and Theatre Guild. Nicely refurbished and maintained by Windermere Property Mgt. 0 Vacancy. Walk, bike or public transit at the front door. Large owner unit is subdivide able back into 2 units separate meters for a total of 5 units plus the coffee house. New exterior stairs & HWT.

Last Agent to Sell the Property

Bruce Lockhart

Keller Williams Western Realty License #36443 Listed on: 12/18/2013

Keller Williams Western Realty

Last Buyer's Agent

Mike Rawls

Bellwether Real Estate License #20317

Bellwether Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 574873

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,523

Year Built

  • Built in 1890

Lot Details

  • Partially Fenced Property
  • Corner Lot

Property Views

  • Bay
  • City

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Stucco

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803300314340000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,523

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1890
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 602

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,See Remarks

Exterior Features

  • Roof: Flat
  • View: Bay, City
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Restored
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Bellingham
  • WaterCompany: Bellingham
  • WaterSewerGarbage: 6756

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803300314340000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3709

Multi Family

  • Gross Scheduled Income: 44560
  • Net Operating Income: 33725
  • Number Of Units Total: 5
  • Insurance Expense: 700
  • Leasable Area: 1900
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3523

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2013
Closed on
Jun 26, 2014
Sold by
Lund George Albert
Bought by
Dupont Street Llc
Seller's Agent
Bruce Lockhart
Keller Williams Western Realty
Buyer's Agent
Mike Rawls
Bellwether Real Estate
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%
Current Estimated Value
$1,065,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,030
Original Mortgage
$336,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2011
Sold by
Lund George A and Lund George
Bought by
Lund George Albert and The George Albert Lund Trust

Purchase Details

Closed on
Aug 21, 2006
Sold by
Pickett Building Llc
Bought by
Lund George A
Source: Public Records

Range of Values:

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Average Value
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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
Dupont Street Llc $420,280 Whatcom Land Title
Lund George Albert -- None Available
Lund George A $495,280 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dupont Street Llc $310,000
Closed Dupont Street Llc $336,000
Previous Owner Pickett Building Llc $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2014 06/30/14 Sold $420,000 +5.3% --
04/28/2014 04/28/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $399,000 -- --
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 $988 $127,028 $127,028 --
2023 $988 $126,401 $126,401 $0
2022 $4,551 $568,368 $252,822 $315,546
2021 $4,822 $489,972 $217,950 $272,022
2020 $4,820 $489,972 $217,950 $272,022
2019 $4,211 $473,337 $199,177 $274,160
2018 $4,686 $414,636 $174,476 $240,160
2017 $4,091 $394,505 $166,005 $228,500
2016 $3,770 $359,975 $151,475 $208,500
2015 $3,896 $345,300 $145,300 $200,000
2014 -- $345,300 $145,300 $200,000
2013 -- $323,035 $138,035 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 574873

Northwest Multiple Listing Service (NWMLS)

APN: 380330-031434-0000