Seller's Agent in 2022
Rick Moore
Epique Realty
(360) 201-8341
68 Total Sales
Listed by Epique Realty, Bought with ONE Realty
Estimated Value: $329,422 - $754,000
--
Bed
4
Baths
3,600
Sq Ft
$140/Sq Ft
Est. Value
About This Home
As of July 2022Fantastic opportunity. 4-plex in Sumas. Currently in a state of disrepair. Buy & fix. Projected Rents will be easily $1200, similar units owned by Seller in Sumas are renting at $1250. The estimated projected Cap Rate is 8.5% and the fix up cost are estimated at $150k. This can be a updated new 4-plex for $500,000 to $550,000 total costs. The units are all ground floor, level access. Nice open layout. Single level is not only great for tenants but also for easy maintenance of the exterior and roof. Large lot and plenty of parking, with 12 spaces plus off street as well. Flood insurance is $2588 per year and is included in the expenses for determination of Capitalization Rate. Flippers, investors- one-of-a-kind opportunity investment!!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1952840
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,279
Year Built
- Built in 1955
Lot Details
- 0.33
Home Design
- Quadruplex
- Fixer Upper
- Poured Concrete
- Composition Roof
- Wood Composite
Parking
- 12 Parking Spaces
- Open Parking
Schools
- Sumas Elementary School
- Nooksack Vly Mid Middle School
- Nooksack Vly High School
Additional Features
- 1-Story Property
- 0.33 Acre Lot
Community Details
- No Home Owners Association
- Sumas Subdivision
Listing and Financial Details
- Assessor Parcel Number 4104345440780000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 20, 2022
Sold by
Sutliff Investments Llc
Bought by
Serenity Rentals Bellingham Llc
Current Estimated Value
Purchase Details
Listed on
Jun 16, 2022
Closed on
Jul 27, 2022
Sold by
Hahn Arthur E and Hahn Linda F
Bought by
Sutliff Investments Llc
Seller's Agent
Rick Moore
Epique Realty
Buyer's Agent
Jose Maldonado
ONE Realty
List Price
$350,000
Sold Price
$305,000
Premium/Discount to List
-$45,000
-12.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.21%
Purchase Details
Closed on
Apr 10, 2007
Sold by
Owens Joan
Bought by
Hahn Arthur E and Hahn Linda F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 23, 2007
Sold by
The Estate Of Kenneth Owens
Bought by
Owens Joan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.13%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Serenity Rentals Bellingham Llc | -- | Chicago Title | |
| Sutliff Investments Llc | -- | Chicago Title | |
| Hahn Arthur E | $250,280 | Chicago Title Insurance | |
| Owens Joan | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hahn Arthur E | $185,000 | |
| Closed | Serenity Rentals Bellingham Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2022 07/29/22 | Sold | $305,000 | -12.9% | $85 / Sq Ft |
| 07/22/2022 07/22/22 | Pending | -- | -- | -- |
| 06/29/2022 06/29/22 | For Sale | $350,000 | 0.0% | $97 / Sq Ft |
| 06/19/2022 06/19/22 | Pending | -- | -- | -- |
| 06/16/2022 06/16/22 | For Sale | $350,000 | -- | $97 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $4,054 | $473,720 | $144,300 | $329,420 |
| 2023 | $4,054 | $426,287 | $137,744 | $288,543 |
| 2022 | $3,601 | $384,049 | $124,096 | $259,953 |
| 2021 | $3,421 | $317,400 | $102,560 | $214,840 |
| 2020 | $3,279 | $258,055 | $83,384 | $174,671 |
| 2019 | $2,774 | $258,055 | $83,384 | $174,671 |
| 2018 | $3,414 | $247,582 | $80,000 | $167,582 |
| 2017 | $3,038 | $232,050 | $63,800 | $168,250 |
| 2016 | $2,892 | $214,136 | $58,850 | $155,286 |
| 2015 | $2,598 | $205,420 | $56,760 | $148,660 |
| 2014 | -- | $199,050 | $55,000 | $144,050 |
| 2013 | -- | $199,050 | $55,000 | $144,050 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Moore
-
Kelly Nicolaysen
Seller Co-Listing Agent in 2022
Kelly Nicolaysen
Coldwell Banker Bain
(360) 728-6677
25 Total Sales
-
Jose Maldonado
Buyer's Agent in 2022
Jose Maldonado
ONE Realty
(360) 510-8882
25 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1952840
APN: 410434-544078-0000
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Based on information submitted to the MLS GRID
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