Lauren Moore
Hansen Group Real Estate Inc
(206) 338-3773
96 Total Sales
1 in City Center
$185,000 Price
Listed by The Foundation Group LLC
1059 N State St Bellingham, WA 98225
City Center NeighborhoodEstimated Value: $1,858,995
Studio
--
Baths
18,150
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Bay View
- Wood Flooring
- No HOA
- Bellingham High School Rated A-
About This Home
The Pacific Building located in downtown Bellingham is a charming brick structure consisting of 9 apartments and two large retail spaces. This value-add opportunity is listed over a 6% cap rate trending to over 11% on conservative proforma numbers. Building has been kept up very well and appears to be structurally sound but may need seismic reinforcement in the future (URM, buyer to verify). Apartments feature tall ceilings, millwork, cozy built-ins, large windows with second story territorial views of DT Bellingham. Retail spaces pose as the most significant value-add component. Roof is 15 years old, retail spaces are sprinkled, electrical is copper with newer panels / meters, plumbing mostly original.
Last Agent to Sell the Property
The Foundation Group LLC License #125178 Listed on: 05/08/2023
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2064358
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,023
Year Built
- Built in 1908
Lot Details
- 6,970
Parking
- Open Parking
Property Views
- Bay
- City
- Territorial
Home Design
- Slab Foundation
- Poured Concrete
- Bitumen Roof
Interior Spaces
- 18,150 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Concrete
Additional Features
- 6,970 Sq Ft Lot
- Radiator
Community Details
- No Home Owners Association
- Bellingham Subdivision
Listing and Financial Details
- Assessor Parcel Number 3803301370050000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2023
Closed on
Sep 29, 2023
Sold by
Grace Anne Field Unified Credit Trust
Bought by
Seller's Agent
Ethan Szmania
The Foundation Group LLC
Buyer's Agent
Aaron Locke
The Foundation Group LLC
List Price
$1,925,000
Sold Price
$1,775,000
Premium/Discount to List
-$150,000
-7.79%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,995
Avg. Annual Appreciation
1.61%
Original Mortgage
$1,350,000
Outstanding Balance
$1,310,519
Interest Rate
7.09%
Mortgage Type
Construction
Estimated Equity
$548,476
Home Values in the Area
Average Home Value in this Area
Agents Specializing in City Center, WA
-
Lauren Moore
-
Mike Peters
Mike Peters
RE/MAX Northwest
(877) 349-2757
79 Total Sales
1 in City Center
$800,000 Price
-
Kyle Van Der Velde
Kyle Van Der Velde
van der Velde and Company
(360) 685-1247
151 Total Sales
18 in City Center
$345K - $1.4M Price Range
-
Krista Kenner
Krista Kenner
COMPASS
(206) 258-7440
100 Total Sales
2 in City Center
$650K - $652K Price Range
-
Vanessa Parry
Vanessa Parry
Responds QuicklyBellwether Real Estate
(360) 594-0482
33 Total Sales
1 in City Center
$333,000 Price
-
Kena Greer Brashear
Kena Greer Brashear
Responds QuicklyMuljat Group
(360) 594-0278
108 Total Sales
2 in City Center
$335K - $675K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,798,350 | Chicago Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,350,000 |
Source: Public Records
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $14,152 | $1,690,362 | $529,403 | $1,160,959 |
| 2024 | $10,979 | $1,729,816 | $494,753 | $1,235,063 |
| 2023 | $10,979 | $1,411,454 | $449,790 | $961,664 |
| 2022 | $12,023 | $1,501,547 | $478,500 | $1,023,047 |
| 2021 | $12,740 | $1,294,437 | $412,500 | $881,937 |
| 2020 | $12,320 | $1,294,437 | $412,500 | $881,937 |
| 2019 | $10,763 | $1,209,902 | $424,091 | $785,811 |
| 2018 | $11,978 | $1,059,857 | $371,498 | $688,359 |
| 2017 | $10,458 | $1,008,399 | $353,461 | $654,938 |
| 2016 | $9,636 | $920,136 | $322,523 | $597,613 |
| 2015 | $9,959 | $882,625 | $309,375 | $573,250 |
| 2014 | -- | $882,625 | $309,375 | $573,250 |
| 2013 | -- | $820,206 | $293,906 | $526,300 |
Source: Public Records
Agents Affiliated with this Home
-
Ethan Szmania
Seller's Agent in 2023
Ethan Szmania
The Foundation Group LLC
(206) 774-5419
1 in this area
25 Total Sales
-
Aaron Locke
Seller Co-Listing Agent in 2023
Aaron Locke
The Foundation Group LLC
(206) 774-5436
1 in this area
18 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2064358
APN: 380330-137005-0000
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.
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. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID
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