Listed by Windermere Real Estate Whatcom, Bought with eXp Realty
NOT LISTED FOR SALE

1241 Mitchell Ave Blaine, WA 98230

Estimated Value: $844,000 - $957,000

8 Beds
4 Baths
3,248 Sq Ft
$278/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $925,000 $285 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,361/month

57 Days on Market

Highlights

  • 0.48 Acre Lot
  • Thermal Windows
  • High Speed Internet
  • No HOA
  • Views
  • Property is in very good condition

About This Home

As of May 2024

Sought after single-story 4-plex unit in the ideal central Blaine location. Walking distance to schools and downtown core. Easy parking-extra storage-well-managed properties make this a smart investment. Updated with recent improvements/very good condition. Consistent tenants as Blaine is an ideal cross-border location.

Last Agent to Sell the Property

Kathy Stauffer

Windermere Real Estate Whatcom License #2741 Listed on: 02/11/2024

Windermere Real Estate Whatcom

Last Buyer's Agent

Emelie Goodman Wallberg

eXp Realty License #86620

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2198646

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,271

Year Built

  • Built in 1971

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 140x150x140x150
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,248 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Vinyl Flooring
  • Property Views

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

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

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Birch Bay Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 thru 9 / 12
  • Assessor Parcel Number 4001061603470000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,271

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3248
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 400

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: See Remarks
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: City of Blaine
  • SewerCompany: City of Blaine
  • WaterCompany: City of Blaine
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 8400

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: 4001061603470000
  • Lot Size Acres: 0.48
  • Lot Size: 140x150x140x150
  • Lot Size Sq Ft: 20909
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 4 thru 9

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.13
  • LeasedItems: None
  • TotalMonthlyIncome: 5600

Multi Family

  • Gross Scheduled Income: 67200
  • Net Operating Income: 51529
  • Number Of Units Total: 4
  • Insurance Expense: 2000
  • Leasable Area: 3248
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5271

MLS Schools

  • Elementary School: Blaine Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2024
Closed on
May 20, 2024
Sold by
Welfing Cami Faith and Welfing Timothy Marinus
Bought by
Welfing Timothy Marinus
Seller's Agent
Kathy Stauffer
Windermere Real Estate Whatcom
Buyer's Agent
Emelie Goodman Wallberg
eXp Realty
List Price
$999,000
Sold Price
$925,000
Premium/Discount to List
-$74,000
-7.41%
Views
20
Current Estimated Value
$901,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,559
Avg. Annual Appreciation
0.36%
Original Mortgage
$693,750
Outstanding Balance
$687,082
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$241,961

Purchase Details

Listed on
Feb 11, 2024
Closed on
May 11, 2024
Sold by
1241 Mitchell Llc
Bought by
Welfing Timothy Marinus
Seller's Agent
Kathy Stauffer
Windermere Real Estate Whatcom
Buyer's Agent
Emelie Goodman Wallberg
eXp Realty
List Price
$999,000
Sold Price
$925,000
Premium/Discount to List
-$74,000
-7.41%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Outstanding Balance
$687,082
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$241,961

Purchase Details

Closed on
Jun 1, 2018
Sold by
Gahard Claude Fernand and Gahard Margaret
Bought by
1241 Mitchell Llc

Purchase Details

Closed on
Feb 20, 2018
Sold by
1241 Mitchell Llc
Bought by
Gahard Claude and Gahard Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2017
Closed on
Dec 28, 2017
Sold by
Gahard Claude Fernand and Gahard Margaret
Bought by
1241 Mitchell Llc and 1261 Mitchell Llc
Seller's Agent
Ron Freeman
Doug Freeman Real Estate
Buyer's Agent
Syed Hashimi
RE/MAX Whatcom County, Inc.
List Price
$465,000
Sold Price
$457,500
Premium/Discount to List
-$7,500
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%
Original Mortgage
$315,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2017
Closed on
Nov 2, 2017
Sold by
Davidson Brian and Davidson Jeannie M
Bought by
Gahard Claude Fernand and Gahard Margaret
Seller's Agent
Ron Freeman
Doug Freeman Real Estate
Buyer's Agent
Syed Hashimi
RE/MAX Whatcom County, Inc.
List Price
$465,000
Sold Price
$457,500
Premium/Discount to List
-$7,500
-1.61%

Purchase Details

Closed on
Aug 6, 2008
Sold by
Cameron Ingrid
Bought by
Davidson Brian and Davidson Jeannie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2002
Sold by
Jones Don
Bought by
Carpenter Kim
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
Welfing Timothy Marinus $313 Chicago Title
Welfing Timothy Marinus $925,000 Chicago Title
1241 Mitchell Llc -- None Available
Gahard Claude -- Whatcom Land Title Co Inc
1241 Mitchell Llc -- None Available
Gahard Claude Fernand $513,679 Chicago Title Insurance
Davidson Brian $231,780 Whatcom Land Title
Carpenter Kim $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welfing Timothy Marinus $693,750
Previous Owner Gahard Claude $315,000
Previous Owner Davidson Brian A $300,000
Previous Owner Davidson Brian A $242,000
Previous Owner Davidson Brian A $251,000
Previous Owner Davidson Brian $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $925,000 -7.4% $285 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
02/11/2024 02/11/24 For Sale $999,000 +118.4% $308 / Sq Ft
11/09/2017 11/09/17 Sold $457,500 -1.6% $141 / Sq Ft
10/18/2017 10/18/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $465,000 -- $143 / 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 $5,098 $757,444 $210,900 $546,544
2023 $5,098 $757,444 $210,900 $546,544
2022 $4,682 $682,382 $190,000 $492,382
2021 $4,465 $536,488 $148,626 $387,862
2020 $4,249 $466,512 $129,240 $337,272
2019 $3,957 $427,203 $118,350 $308,853
2018 $3,677 $388,218 $107,550 $280,668
2017 $3,279 $324,869 $90,000 $234,869
2016 $3,099 $324,869 $90,000 $234,869
2015 $3,037 $296,234 $123,455 $172,779
2014 -- $283,486 $118,142 $165,344
2013 -- $280,392 $116,850 $163,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2198646

Northwest Multiple Listing Service (NWMLS)

APN: 400106-160347-0000