NOT LISTED FOR SALE

Estimated Value: $769,085 - $845,000

2 Beds
1 Bath
1,560 Sq Ft
$514/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $715,000 $458 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,742/month

94 Days on Market

Highlights

  • Secluded Lot
  • Territorial View
  • Ceramic Tile Flooring
  • Fairhaven Middle School Rated A-
  • No HOA
  • High Speed Internet

About This Home

As of October 2023

Recently remodeled duplex in stellar location, walking distance to WWU, Happy Valley elementary and Fairhaven. Great investment with nearly zero vacancy. Perfect to rent or live in and house hack! Remodeled in 2018 with updates including: sheathing, siding, facia boards, roofs, gutters, windows, doors, and new insulation in walls and attic and that's just the exterior. Inside had new floors, new trim, bathroom, laundry room and heaters. One unit is not fully upgraded (kitchen and flooring). Low operating costs. Great rental history. Huge lot with potential to further develop & add more units (buyer to verify), tons of parking, great public schools and bus line across st. Bring Offers, Seller will consider all reasonable offers!

Last Agent to Sell the Property

Nick Berard

Keller Williams Western Realty License #26128 Listed on: 06/30/2023

Keller Williams Western Realty

Last Buyer's Agent

Wen Ho

HomeSmart One Realty License #23026145

HomeSmart One Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2134075

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,425

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Partially Fenced Property
  • Secluded Lot

Home Design

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

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Happy Vly Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Happy Valley Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 3702015561610000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,425

Year Built

Built in 1973 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1560
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 361

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3702015561610000
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.87
  • LeasedItems: None
  • TotalMonthlyIncome: 4200

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 42693
  • Number Of Units Total: 2
  • Insurance Expense: 770
  • Leasable Area: 1560
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5425

MLS Schools

  • Elementary School: Happy Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Oct 16, 2023
Sold by
Heverling Daniel John
Bought by
Md Capital 2805 Llc
Seller's Agent
Nick Berard
Keller Williams Western Realty
Buyer's Agent
Wen Ho
HomeSmart One Realty
List Price
$799,900
Sold Price
$715,000
Premium/Discount to List
-$84,900
-10.61%
Total Days on Market
94
Views
142
Current Estimated Value
$801,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,771
Avg. Annual Appreciation
9.64%
Original Mortgage
$500,500
Outstanding Balance
$494,306
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$332,556

Purchase Details

Listed on
Nov 7, 2018
Closed on
Feb 4, 2019
Sold by
Belisle Michael J and Belisle Maggie
Bought by
Heverling Daniel John
Seller's Agent
Michael Belisle
MJB Real Estate Group
Buyer's Agent
Nick Berard
Keller Williams Western Realty
List Price
$529,000
Sold Price
$539,000
Premium/Discount to List
$10,000
1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$542,673
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Apr 27, 2018
Sold by
Belisle Michael J
Bought by
Belisle Michael J and Belisle Maggie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,600
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2018
Sold by
Groom John L
Bought by
Belisle Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,600
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 1999
Sold by
Kipfer Gerald R and Kipfer Charlotte L
Bought by
Groom John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
6.77%
Source: Public Records

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Range of Values:

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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
Md Capital 2805 Llc $715,000 Whatcom Land Title
Heverling Daniel John $539,000 Whatcom Land Title
Belisle Michael J -- Whatcom Land Title
Belisle Michael J $320,764 Chicago Title Insurance
Groom John L $107,000 Whatcom Land Title Company I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Md Capital 2805 Llc $500,500
Previous Owner Heverling Daniel John $545,516
Previous Owner Heverling Daniel John $542,673
Previous Owner Belisle Michael J $250,600
Previous Owner Groom John L $85,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $715,000 -10.6% $458 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $799,900 +48.4% $513 / Sq Ft
02/08/2019 02/08/19 Sold $539,000 +1.9% $346 / Sq Ft
01/06/2019 01/06/19 Pending -- -- --
12/26/2018 12/26/18 For Sale $529,000 0.0% $339 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $529,000 -- $339 / 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 $5,849 $725,719 $439,244 $286,475
2023 $5,849 $751,665 $454,948 $296,717
2022 $4,816 $639,719 $387,192 $252,527
2021 $4,575 $515,916 $312,260 $203,656
2020 $4,496 $452,554 $273,910 $178,644
2019 $3,011 $429,572 $260,000 $169,572
2018 $3,113 $288,481 $169,260 $119,221
2017 $2,746 $256,067 $150,240 $105,827
2016 $2,499 $235,747 $138,240 $97,507
2015 $2,460 $223,555 $131,040 $92,515
2014 -- $212,906 $124,800 $88,106
2013 -- $203,197 $120,000 $83,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2134075

Northwest Multiple Listing Service (NWMLS)

APN: 370201-556161-0000