NOT LISTED FOR SALE

Estimated Value: $752,657 - $814,000

3 Beds
2 Baths
1,873 Sq Ft
$415/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $600,000 $320 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,607/month

Highlights

  • Vinyl Plank Flooring
  • Partially Fenced Property
  • 1-Story Property
  • Fairhaven Middle School Rated A-
  • Wood Siding

About This Home

As of June 2021

Duplex tucked away in the heart of Happy Valley just blocks to Western Washington University and a short walk to Fairhaven! The front unit is leased through a 8/31/2021 and back unit is leased through 8/31/2022. This is an excellent opportunity to owner occupy the front unit or pre-lease it now for fall! This property is privately managed and boasts a ZERO percent vacancy rate for the past 27 years.

Last Agent to Sell the Property

Kena Greer Brashear

Muljat Group License #26557 Listed on: 05/27/2021

Muljat Group

Last Buyer's Agent

Eric Green

John L. Scott Bellingham License #4531

John L. Scott Bellingham

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1780937

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,426

Year Built

  • Built in 1896

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,873 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Schools

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

Community Details

  • Fairhaven's Land Company's First Addition Condos
  • Happy Valley Subdivision

Listing and Financial Details

  • Legal Lot and Block 19 & 20 / 83
  • Assessor Parcel Number 3702015511550000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,426

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1896
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Fairhaven's Land Company's First Addition
  • New Construction: No
  • CalculatedSquareFootage: 1873
  • SOCComments: Looking forward to your offer!
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2159

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 3702015511550000
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 19 & 20

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3550

Multi Family

  • Gross Scheduled Income: 42600
  • Net Operating Income: 35143
  • Number Of Units Total: 2
  • Insurance Expense: 872
  • Leasable Area: 1873
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4426

MLS Schools

  • Elementary School: Happy Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Jun 23, 2021
Sold by
Henderson Brian J and Henderson Gerald E
Bought by
Anderson Thaddeus and Anderson Kristine
Seller's Agent
Kena Greer Brashear
Muljat Group
Buyer's Agent
Eric Green
John L. Scott Bellingham
List Price
$599,950
Sold Price
$600,000
Premium/Discount to List
$50
0.008%
Total Days on Market
0
Current Estimated Value
$777,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,664
Avg. Annual Appreciation
6.60%
Original Mortgage
$450,000
Outstanding Balance
$412,705
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$358,184

Purchase Details

Closed on
Nov 4, 2010
Sold by
Henderson Gerald E and Henderson Rose M
Bought by
Henderson Gerald E and Henderson Rose M
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
Anderson Thaddeus $600,000 Chicago Title Bellingham
Henderson Gerald E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Thaddeus $450,000
Previous Owner Henderson Gerald E $122,500
Previous Owner Henderson Brian J $88,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $600,000 0.0% $320 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $599,950 -- $320 / 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 $5,759 $714,508 $439,244 $275,264
2023 $5,759 $740,053 $454,948 $285,105
2022 $4,741 $629,836 $387,192 $242,644
2021 $4,505 $507,946 $312,260 $195,686
2020 $4,426 $445,563 $273,910 $171,653
2019 $2,992 $422,936 $260,000 $162,936
2018 $3,094 $286,699 $169,260 $117,439
2017 $2,729 $254,484 $150,240 $104,244
2016 $2,484 $234,289 $138,240 $96,049
2015 $2,445 $222,172 $131,040 $91,132
2014 -- $211,588 $124,800 $86,788
2013 -- $201,953 $120,000 $81,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1780937

Northwest Multiple Listing Service (NWMLS)

APN: 370201-551155-0000