Listed by Windermere Real Estate Whatcom
NOT LISTED FOR SALE

Estimated Value: $838,000 - $984,000

3 Beds
1 Bath
2,160 Sq Ft
$421/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $610,050 $282 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,445/month

79 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Fairhaven Middle School Rated A-
  • Corner Lot
  • High Speed Internet

About This Home

As of August 2020

Location, Location, Location! Southside Duplex in Happy Valley on corner of Mill and 22nd Street, blocks from WWU. Units are 1080 sf with 3 large bedrooms, 1 bath, utility room, gas forced air heat, and easy maintenance vinyl siding. Unit A currently rents for $1800 and Unit B $1800 starting with lease beginning 9/1/20. Both new leases require tenants to pay garbage reducing current expense $300+. Actual expenses based on 2019 tax return. 5.5% CAP Rate.

Last Agent to Sell the Property

David Hovde

Windermere Real Estate Whatcom License #7668 Listed on: 04/27/2020

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1594236

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,329

Year Built

  • Built in 1977

Lot Details

  • 6,534 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Huntoon's Addition Condos
  • Happy Valley Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 and 8 / 2
  • Assessor Parcel Number 3702015181340000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,329

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Huntoon's Addition
  • New Construction: No
  • CalculatedSquareFootage: 2160
  • SOCComments: Easy to show with Covid19 precautionings
  • Special Features: None
  • Cumulative Days on Market: 488

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Duplex

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
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 2190

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 3702015181340000
  • Lot Size Acres: 0.15
  • Lot Size: 111 x 57 x 100 x Varies
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 7 and 8

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 34729
  • Number Of Units Total: 6
  • Insurance Expense: 767
  • Leasable Area: 2160
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3329

MLS Schools

  • Elementary School: Happy Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Aug 6, 2020
Sold by
Chapman Jodell A and Walz Bernell F
Bought by
Swanson Douglas and Swanson Karla
Seller's Agent
David Hovde
Windermere Real Estate Whatcom
List Price
$645,000
Sold Price
$610,050
Premium/Discount to List
-$34,950
-5.42%
Current Estimated Value
$909,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,338
Avg. Annual Appreciation
7.75%
Original Mortgage
$457,500
Outstanding Balance
$410,372
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$480,225

Purchase Details

Closed on
Sep 16, 2009
Sold by
Walz Bernell F and Chapman Jodell A
Bought by
Joint Revocable Living Trust Of Bernell
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
Swanson Douglas $610,050 Whatcom Land Title
Joint Revocable Living Trust Of Bernell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson Douglas $457,500
Previous Owner Vlasic Jeffrey S $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $610,050 -3.2% $282 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
06/09/2020 06/09/20 Price Changed $629,900 -2.3% $292 / Sq Ft
04/27/2020 04/27/20 For Sale $645,000 -- $299 / 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 $6,343 $787,014 $439,244 $347,770
2023 $6,343 $815,151 $454,948 $360,203
2022 $5,223 $693,750 $387,192 $306,558
2021 $4,962 $559,491 $312,260 $247,231
2020 $4,875 $490,777 $273,910 $216,867
2019 $3,329 $465,854 $260,000 $205,854
2018 $3,442 $318,966 $141,050 $177,916
2017 $3,036 $283,126 $125,200 $157,926
2016 $2,764 $260,711 $115,200 $145,511
2015 $2,721 $247,261 $109,200 $138,061
2014 -- $235,481 $104,000 $131,481
2013 -- $224,156 $100,000 $124,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1594236

Northwest Multiple Listing Service (NWMLS)

APN: 370201-518134-0000