Listed by Coldwell Banker Bain, Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE

1221 Mitchell Ave Blaine, WA 98230

Estimated Value: $561,000 - $918,000

8 Beds
4 Baths
3,360 Sq Ft
$228/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $898,000 $267 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $4,440/month

108 Days on Market

Highlights

  • Corner Lot
  • Vinyl Plank Flooring
  • Wood Siding
  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

As of July 2023

Calling all investors!! Conveniently located close to picturesque Drayton Harbor, downtown Blaine, I-5, schools, parks, and situated on large corner lot, these 2 duplexes on one lot to make it a 4-plex are not to be missed. Newly re-modeled, these units feature skylights, barn-style doors, new vinyl plank flooring, metal roofing and so much more! Lots of care and attention were paid to every detail. With no current vacancies and room to increase rents, this is truly a great opportunity to build an investment portfolio

Last Agent to Sell the Property

Tiffany Larsson

Coldwell Banker Bain License #22000725 Listed on: 02/27/2023

Coldwell Banker Bain

Last Buyer's Agent

David Harmon

RE/MAX Whatcom County, Inc. License #20108666

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2037951

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,903

Year Built

  • Built in 1971

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property
  • Vinyl Plank Flooring
  • Stove

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Blaine Elementary School
  • Blaine Mid Middle School
  • Blaine High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Blaine Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4001061603570000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,903

Year Built

Built in 1971

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1971
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3360
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: City of Blaine
  • SewerCompany: City of Blaine
  • WaterCompany: City of Blaine

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Blaine
  • High School: Blaine High
  • Middle Or Junior School: Blaine Mid

Lot Info

  • Parcel Number: 4001061603570000
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.32
  • LeasedItems: None
  • TotalMonthlyIncome: 5100

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3903

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Blaine Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Jul 11, 2023
Sold by
1241 Mitchell Llc
Bought by
Kinnear Emileigh Ann and Kinnear Blake Jorgen
Seller's Agent
Tiffany Larsson
Coldwell Banker Bain
Buyer's Agent
David Harmon
RE/MAX Whatcom County, Inc.
List Price
$999,000
Sold Price
$898,000
Premium/Discount to List
-$101,000
-10.11%
Views
62
Current Estimated Value
$767,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$130,475
Avg. Annual Appreciation
-5.69%
Original Mortgage
$673,500
Outstanding Balance
$654,746
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$112,779

Purchase Details

Listed on
Aug 3, 2020
Closed on
Aug 27, 2020
Sold by
Fernand Gahard Jr Claude
Bought by
1241 Mitchell Llc
Seller's Agent
Syed Hashimi
RE/MAX Whatcom County, Inc.
Buyer's Agent
Syed Hashimi
RE/MAX Whatcom County, Inc.
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%

Purchase Details

Listed on
Aug 3, 2020
Closed on
Jul 27, 2020
Sold by
Chand Prashita R and Chand Pranita P
Bought by
Gahard Claude Fernand and Gahard Margaret
Seller's Agent
Syed Hashimi
RE/MAX Whatcom County, Inc.
Buyer's Agent
Syed Hashimi
RE/MAX Whatcom County, Inc.
List Price
$600,000
Sold Price
$600,000

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jun 23, 2015
Sold by
Singh Vimlesh and Chand Pranita P
Bought by
Chand Pranita P
Buyer's Agent
Christy Imperio
Windermere RE Whatcom, Inc.
List Price
$359,000
Sold Price
$343,000
Premium/Discount to List
-$16,000
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.56%
Original Mortgage
$255,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2006
Sold by
Rasmussen Dennis E and Rasmussen Vickie L
Bought by
Rasmussen Dennis E and Rasmussen Vickie L

Purchase Details

Closed on
Jul 28, 2004
Sold by
Bjornstad Mike L and Bjornstad Jenine L
Bought by
Rasmussen Dennis E and Rasmussen Vickie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,300
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2001
Sold by
Sinha Richard C and Sinha Hardika
Bought by
Bjornstad Mike L and Bjornstad Jenine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Kinnear Emileigh Ann $898,000 Whatcom Land Title
1241 Mitchell Llc $10,000 None Listed On Document
1241 Mitchell Llc -- None Available
Gahard Claude Fernand $600,000 Chicago Title Co Of Wa
Chand Pranita P -- Whatcom Land Title
Chand Prashita R $343,000 Whatcom Land Title
Rasmussen Dennis E -- None Available
Rasmussen Dennis E $262,914 First American Title Insuran
Bjornstad Mike L -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinnear Emileigh Ann $673,500
Previous Owner Chand Prashita R $255,000
Previous Owner Rasmussen Dennis E $169,300
Previous Owner Bjornstad Mike L $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2023 07/18/23 Sold $898,000 -10.1% $267 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $999,000 0.0% $297 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $999,000 +66.5% $297 / Sq Ft
08/07/2020 08/07/20 Sold $600,000 0.0% $179 / Sq Ft View Prior Sale
08/04/2020 08/04/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $600,000 +74.9% $179 / Sq Ft
06/30/2015 06/30/15 Sold $343,000 -4.5% $102 / Sq Ft View Prior Sale
05/29/2015 05/29/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $359,000 -- $107 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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
2025 $4,827 $716,166 $184,982 $531,184
2024 $4,773 $709,074 $183,150 $525,924
2023 $4,773 $709,074 $183,150 $525,924
2022 $3,903 $638,806 $165,000 $473,806
2021 $3,723 $447,278 $132,112 $315,166
2020 $3,542 $388,938 $114,880 $274,058
2019 $3,299 $356,166 $105,200 $250,966
2018 $3,066 $323,664 $95,600 $228,064
2017 $2,734 $270,848 $80,000 $190,848
2016 $2,404 $270,848 $80,000 $190,848
2015 -- $229,810 $61,728 $168,082
2014 -- $219,921 $59,071 $160,850
2013 -- $217,523 $58,425 $159,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2037951

Northwest Multiple Listing Service (NWMLS)

APN: 400106-160357-0000

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