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

Estimated Value: $943,000 - $1,114,000

2 Beds
1 Bath
-- Sq Ft
0.37 Acres

Last Sold December 09, 2021

Last sale price $842,000

Est. 20% increase in value since last sale

Current estimated payment $6,129/month

6 Days on Market

Highlights

  • 0.37 Acre Lot
  • Deck
  • Wall to Wall Carpet
  • Squalicum High School Rated A-
  • Territorial View

About This Home

As of December 2021

Investor Opportunity. 4-Plex with Great Bellingham location. Easy access to Railroad Trail that goes to the Barkley area. North of Trader Joes and South of Lowes, Sunset Square shopping centers. Each unit with 2 Bed 1 Bath, 808 sf, ceiling fans, electric heat, laundry closet & balconies. Upper units’ w/vaulted ceilings. Unit 1 has been updated w/laminate wood floors throughout. Plenty of uncovered parking. Fixer, sold “as-is”. The current owner has consistently rented with almost zero vacancy. 30 year roof installed 2010.

Last Agent to Sell the Property

Brian Neal

Windermere Real Estate Whatcom License #9771 Listed on: 11/17/2021

Windermere Real Estate Whatcom

Co-Listed By

JoAnne Wyatt

Windermere Real Estate Whatcom License #33097

Last Buyer's Agent

Briddick Webb

RE/MAX Whatcom County, Inc. License #26476

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1865471

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,787

Year Built

  • Built in 1990

Lot Details

  • 0.37 Acre Lot
  • Street terminates at a dead end

Home Design

  • Quadruplex
  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Moore Street East Short Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot Lot 4
  • Assessor Parcel Number 3803201132100000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,787

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Moore Street East Short
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 5680

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803201132100000
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: Lot 4

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 4775

Multi Family

  • Gross Scheduled Income: 57300
  • Net Operating Income: 40592
  • Number Of Units Total: 4
  • Insurance Expense: 2405
  • Leasable Area: 3232
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5787

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Dec 2, 2021
Sold by
Kent Bratlien
Bought by
Twohey Rebecca Jean and Twohey Matthew Grimes
Seller's Agent
Brian Neal
Windermere Real Estate Whatcom
Buyer's Agent
Briddick Webb
RE/MAX Whatcom County, Inc.
List Price
$815,000
Sold Price
$842,000
Premium/Discount to List
$27,000
3.31%
Current Estimated Value
$1,014,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,423
Avg. Annual Appreciation
4.46%
Source: Public Records

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
Twohey Rebecca Jean $842,000 Chicago Title
Twohey Rebecca Jean $842,000 Chicago Title Bellingham
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Twohey Rebecca Jean $609,000
Previous Owner Bratlien Kent E $141,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Sold $842,000 +3.3% --
11/23/2021 11/23/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $815,000 -- --
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 $7,222 $905,213 $284,789 $620,424
2023 $7,222 $928,206 $292,023 $636,183
2022 $5,899 $800,191 $251,748 $548,443
2021 $5,787 $635,072 $199,800 $435,272
2020 $5,690 $588,030 $185,000 $403,030
2019 $5,094 $558,850 $158,052 $400,798
2018 $5,130 $501,630 $141,902 $359,728
2017 $4,428 $431,888 $122,170 $309,718
2016 $3,873 $389,633 $109,630 $280,003
2015 $3,798 $354,766 $100,130 $254,636
2014 -- $336,590 $95,000 $241,590
2013 -- $355,875 $107,625 $248,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1865471

Northwest Multiple Listing Service (NWMLS)

APN: 380320-113210-0000