NOT LISTED FOR SALE

Estimated Value: $1,294,000 - $1,428,000

4 Beds
2 Baths
3,723 Sq Ft
$364/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $920,000 $247 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $8,470/month

7 Days on Market

Highlights

  • Bay View
  • Deck
  • High Speed Internet
  • Fairhaven Middle School Rated A-
  • Patio
  • 2-minute walk to Laurel Park

About This Home

As of July 2020

Exceptional investment opportunity in unbelievable location! This rare find is within close proximity to downtown and Western Washington University. Solid rental history in this 4-plex and includes 6 on site parking spaces. 2 units are 3 bedroom, 1 4 bedroom and 1 studio. Coin op laundry room includes small additional storage space for each unit. Don't miss out on this wonderful investment opportunity!

Last Listed By

Aimee Slesk

Windermere Real Estate Whatcom License #116639 Listed on: 05/27/2020

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1607104

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,900

Year Built

  • Built in 1916

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in good condition

Property Views

  • Bay
  • Territorial

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,723 Sq Ft Home
  • 3-Story Property

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • New Whatcom Condos
  • Sehome Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 91
  • Assessor Parcel Number 3803311784880000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,900

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1916
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: New Whatcom
  • New Construction: No
  • CalculatedSquareFootage: 3723
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 265

Interior Features

  • Possible Use: Multi-Family, Residential, See Remarks
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Bay, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterSewerGarbage: 2521

Fee Information

  • Annual Fuel Expense: 1879

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3803311784880000
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential,See Remarks
  • LotNumber: 6

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 6
  • LeasedItems: None
  • TotalMonthlyIncome: 5225

Multi Family

  • Gross Scheduled Income: 62700
  • Net Operating Income: 44514
  • Number Of Units Total: 4
  • Electric Expense: 1600
  • Insurance Expense: 2946
  • Leasable Area: 3723
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6900

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Jul 12, 2020
Sold by
Irwin Rodney D
Bought by
1010 N Garden St Llc
Seller's Agent
Aimee Slesk
Windermere Real Estate Whatcom
Buyer's Agent
Mike Hayes
Hammer Properties NW Inc.
List Price
$910,000
Sold Price
$920,000
Premium/Discount to List
$10,000
1.1%
Total Days on Market
7
Current Estimated Value
$1,355,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,502
Avg. Annual Appreciation
8.79%
Original Mortgage
$570,000
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 30, 2000
Sold by
Koons John W and Koons Karin R
Bought by
Irwin Rodney D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
8.18%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
1010 N Garden St Llc $920,000 Whatcom Land Title
Irwin Rodney D $350,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1010 N Garden St Llc $697,500
Closed 1010 N Garden St Llc $697,500
Closed 1010 N Garden St Llc $570,000
Previous Owner Irwin Rodney D $110,000
Previous Owner Irwin Rodney D $60,000
Previous Owner Irwin Rodney D $248,000
Previous Owner Irwin Rodney D $255,000
Previous Owner Irwin Rodney D $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $920,000 +1.1% $247 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $910,000 -- $244 / Sq Ft
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 $11,022 $1,381,814 $572,652 $809,162
2023 $11,022 $1,416,996 $587,232 $829,764
2022 $8,714 $1,200,867 $497,664 $703,203
2021 $8,549 $938,178 $388,800 $549,378
2020 $7,259 $868,683 $360,000 $508,683
2019 $6,838 $712,940 $251,600 $461,340
2018 $6,891 $673,316 $237,762 $435,554
2017 $6,001 $580,133 $204,340 $375,793
2016 $5,352 $527,996 $185,810 $342,186
2015 $5,365 $490,264 $175,270 $314,994
2014 -- $475,523 $170,000 $305,523
2013 -- $459,856 $163,725 $296,131
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1607104

Northwest Multiple Listing Service (NWMLS)

APN: 380331-178488-0000