Listed by Westview Real Estate, Inc., Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE

Morse Square Condominiums 1015 Railroad Ave Unit 502 Bellingham, WA 98225

City Center Neighborhood

Estimated Value: $612,000 - $748,000

2 Beds
2 Baths
1,223 Sq Ft
$461/mo HOA Fee

Last Sold July 02, 2020

Last sale price $606,000 $496 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,713/month

2 Days on Market

Highlights

  • Ocean View
  • Craftsman Architecture
  • Engineered Wood Flooring
  • Bellingham High School Rated A
  • Property is near public transit
  • 1 Fireplace

About This Home

As of July 2020

First time on the market, developers own unit! Top Floor SW corner "penthouse" w/ unobstructed Bay and Island views! This remarkable condo sits on the South Bay Trail across from the Farmers Market and in walking distance to the best Downtown has to offer, shopping, restaurants and more! Granite counters, stainless appliances, crown molding, hardwood floors, fireplace, deck and 9' ceilings. Secure lobby, 2 elevators & community areas. Pets & rentals OK. Not one but TWO spaces in secured garage.

Last Agent to Sell the Property

Kara Westerop

Westview Real Estate, Inc. License #23082 Listed on: 05/19/2020

Last Buyer's Agent

Carmen Andrew

RE/MAX Whatcom County, Inc. License #23002859

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1603425

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,409

Year Built

  • Built in 2005

Lot Details

  • Street terminates at a dead end
  • Southwest Facing Home

HOA Fees

  • $461 Monthly HOA Fees

Property Views

Home Design

  • Craftsman Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Bitumen Roof
  • Cement Board or Planked

Interior Spaces

  • 1,223 Sq Ft Home
  • 1 Fireplace
  • Blinds

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Home Security

Parking

  • 2 Car Garage
  • Common or Shared Parking

Location

  • Property is near public transit

Schools

  • Parkview Elementary School
  • Whatcom Mid Middle School
  • Bellingham High School

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3803300950110066

Community Details

Overview

  • Association fees include common area maintenance, garbage, water/sewer
  • 82 Units
  • Virginia @ Son Rise Association
  • Secondary HOA Phone (360) 738-3700
  • Morse Square Condominiums
  • Downtown Subdivision
  • Park Phone (360) 738-3700 | Manager Son-Rise Property Management
  • 5-Story Property

Amenities

  • Elevator
  • Lobby

Pet Policy

  • Pets Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,409

Year Built

Built in 2005

Lot Details

0

HOA Fees

$461 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 2005
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,RangeOven,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Building Name: Morse Square Condominiums
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1223
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • Special Features: VirtualTour
  • Cumulative Days on Market: 59

Interior Features

  • Fireplaces: 1
  • Appliances: Dryer, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Interior Amenities: Ceramic Tile, Cooking-Electric, Dryer-Electric, Washer, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 5
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 5
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Range/Oven,Refrigerator,Washer
  • WindowCoverings: Blinds

Exterior Features

  • Roof: Flat, Torch Down
  • View: Bay, City, Ocean, Sound
  • Lot Features: Curbs, Dead End Street, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: Southwest
  • Exterior Features: Brick, Cement Planked
  • Structure Type: Multi Family
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating Yn: Yes
  • Utilities: Electricity Available, Garbage, Water/Sewer
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Fire Sprinklers, Lobby Entrance
  • Park Manager Name: Son-Rise Property Management
  • Park Manager Phone: 360-738-3700
  • Senior Community: No
  • Association Fee: 461
  • Association Fee Frequency: Monthly
  • Phone: 360-738-3700
  • Association: Yes
  • Pets Allowed: Yes
  • AssociationContactName: Virginia @ Son-Rise
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Elevator,Fire Sprinklers,High Speed Int Avail,Lobby Entrance

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Water/Sewer

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Whatcom Mid

Lot Info

  • Parcel Number: 3803300950110066
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • RentalCap: No Rental Cap

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3409

Multi Family

  • Number Of Units In Community: 82
  • EnergySource: Electric
  • UnitsInBuildingTotal: 82

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Jun 25, 2020
Sold by
Gibb Trevor and Gibb Allison
Bought by
Needler Janet
Seller's Agent
Kara Westerop
Westview Real Estate, Inc.
Buyer's Agent
Carmen Andrew
RE/MAX Whatcom County, Inc.
List Price
$599,000
Sold Price
$606,000
Premium/Discount to List
$7,000
1.17%
Current Estimated Value
$700,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,167
Avg. Annual Appreciation
3.69%

Purchase Details

Closed on
May 24, 2006
Sold by
Morse Square Condominium Llc
Bought by
Gibb Trevor and Gibb Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving
Source: Public Records

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
Needler Janet $606,000 Chicago Title Company Of Wa
Gibb Trevor $280,180 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibb Trevor $250,000
Previous Owner Side Yard Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $606,000 +1.2% $496 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $599,000 -- $490 / 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 $5,326 $684,320 $52,640 $631,680
2023 $5,326 $684,320 $52,640 $631,680
2022 $4,649 $565,565 $43,505 $522,060
2021 $4,478 $500,500 $38,500 $462,000
2020 $3,409 $455,000 $35,000 $420,000
2019 $2,812 $334,843 $32,274 $302,569
2018 $3,115 $276,847 $26,684 $250,163
2017 $2,358 $262,270 $25,270 $237,000
2016 $218 $207,500 $20,000 $187,500
2015 $226 $20,000 $20,000 $0
2014 -- $20,000 $20,000 $0
2013 -- $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kara Westerop

    Westview Real Estate, Inc.

    (360) 647-3499

    4 Total Sales

    Kara Westerop
    Section Image
  • Carmen Andrew

    Buyer's Agent in 2020

    Carmen Andrew

    RE/MAX Whatcom County

    (360) 393-0767

    3 in this area

    272 Total Sales

    Carmen Andrew
    Section Image
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About Morse Square Condominiums

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1603425

Northwest Multiple Listing Service (NWMLS)

APN: 380330-095011-0066

Washington Whatcom County Bellingham 98225 City Center

1015 Railroad Ave Unit 502, Bellingham, WA

This home is located at 1015 Railroad Ave Unit 502, Bellingham, WA 98225 since 19 May 2020 and is currently estimated at $700,167, approximately $572 per square foot. This property was built in 2005. 1015 Railroad Ave Unit 502 is a home located in Whatcom County with nearby schools including Parkview Elementary School, Whatcom Middle School, and Bellingham High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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