NOT LISTED FOR SALE

1036 Sumas Ave Sumas, WA 98295

Estimated Value: $1,022,309 - $1,666,000

2 Beds
1 Bath
4,780 Sq Ft
$281/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $1,035,000 $217 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,496/month

196 Days on Market

Highlights

  • New Construction
  • Corner Lot
  • High Speed Internet
  • Mountain View
  • No HOA
  • Property is in very good condition

About This Home

As of April 2024

Brand new 4 plex in Sumas. All units are 3 bd, 2.5 bath with 1195 sq/ft. Plenty of parking space for tenants. All units have a full appliance package, mini split and electric wall heating systems and outside patio area. Close to schools and parks.

Last Listed By

Jason Heutinik

Windermere Real Estate Whatcom License #86255 Listed on: 10/02/2023

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2167655

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 10,641 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 4,780 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Schools

  • Sumas Elementary School
  • Nooksack Vly Mid Middle School
  • Nooksack Vly High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Sumas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4104345800430000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,500

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2023
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 4780
  • EffectiveYearBuiltSource: Public Records
  • EstimatedCompletionDate: 2024-01-01
  • NewConstruction: Completed
  • Special Features: NewHome
  • Cumulative Days on Market: 267

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: City of Sumas
  • SewerCompany: City of Sumas
  • WaterCompany: City of Sumas
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Nooksack Valley
  • High School: Nooksack Vly High
  • Middle Or Junior School: Nooksack Vly Mid

Lot Info

  • Parcel Number: 4104345800430000
  • Lot Size Acres: 0.2443
  • Lot Size Sq Ft: 10641
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,High Speed Internet
  • MLSLotSizeSource: Plans
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 12.16
  • LeasedItems: None
  • TotalMonthlyIncome: 7800

Multi Family

  • Gross Scheduled Income: 90000
  • Net Operating Income: 68000
  • Number Of Units Total: 4
  • Insurance Expense: 6000
  • Leasable Area: 4780
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8500

MLS Schools

  • Elementary School: Sumas Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Apr 13, 2024
Sold by
Lail Pavandeep
Bought by
Shoker Ricky
Seller's Agent
Jason Heutinik
Windermere Real Estate Whatcom
Buyer's Agent
Sean Hackney
NextHome Northwest Living
List Price
$1,150,000
Sold Price
$1,035,000
Premium/Discount to List
-$115,000
-10%
Total Days on Market
196
Views
48
Current Estimated Value
$1,344,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,155
Avg. Annual Appreciation
28.26%
Original Mortgage
$776,250
Outstanding Balance
$768,273
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$575,882

Purchase Details

Listed on
Oct 2, 2023
Closed on
Apr 12, 2024
Sold by
Heppner Construction Llc
Bought by
Shoker Ricky
Seller's Agent
Jason Heutinik
Windermere Real Estate Whatcom
Buyer's Agent
Sean Hackney
NextHome Northwest Living
List Price
$1,150,000
Sold Price
$1,035,000
Premium/Discount to List
-$115,000
-10%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,250
Outstanding Balance
$768,273
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$575,882

Purchase Details

Listed on
Oct 2, 2023
Closed on
Apr 11, 2024
Sold by
Clawson Jesse and Clawson Jessica
Bought by
Heppner Construction Llc
Seller's Agent
Jason Heutinik
Windermere Real Estate Whatcom
Buyer's Agent
Sean Hackney
NextHome Northwest Living
List Price
$1,150,000
Sold Price
$1,035,000
Premium/Discount to List
-$115,000
-10%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,250
Outstanding Balance
$768,273
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$575,882

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
Shoker Ricky $313 Guardian Northwest Title
Shoker Ricky $1,035,000 Guardian Northwest Title
Heppner Construction Llc $56,018 Guardian Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shoker Ricky $776,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2024 04/16/24 Sold $1,035,000 -5.5% $217 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
03/18/2024 03/18/24 Price Changed $1,095,000 -3.1% $229 / Sq Ft
03/07/2024 03/07/24 Price Changed $1,129,950 -1.7% $236 / Sq Ft
03/02/2024 03/02/24 For Sale $1,150,000 0.0% $241 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
02/17/2024 02/17/24 For Sale $1,150,000 0.0% $241 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
10/02/2023 10/02/23 For Sale $1,150,000 -- $241 / 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 $533 $933,439 $149,500 $783,939
2023 $533 $56,017 $56,017 $0
2022 $3,372 $42,598 $42,598 $0
2021 $3,092 $296,857 $83,330 $213,527
2020 $3,087 $232,618 $67,750 $164,868
2019 $2,210 $242,618 $67,750 $174,868
2018 $2,536 $195,860 $65,000 $130,860
2017 $2,260 $171,064 $37,120 $133,944
2016 $2,151 $157,863 $34,240 $123,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2167655

Northwest Multiple Listing Service (NWMLS)

APN: 410434-580043-0000