Listed by Windermere Real Estate Whatcom, Bought with Capstone Commercial
NOT LISTED FOR SALE

1305 Boon St Sumas, WA 98295

Estimated Value: $250,000 - $292,587

-- Bed
2 Baths
19,120 Sq Ft
$14/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $4,450,000 $233 Per Sq Ft

Current estimated payment $1,434/month

27 Days on Market

Highlights

  • Territorial View
  • Property is in very good condition
  • Wall to Wall Carpet
  • No HOA
  • Mini Split Air Conditioners

About This Home

As of June 2022

Like new multi family complex in Sumas. A total of 16 units for sale (Four 4 plexes) with great rental history. All units are3 beds, 2.5 baths, 1195 sq/ft with laundry rooms. All units have a high efficiency mini-split system with electric wall supplement heaters. Stainless appliances, plenty of parking.

Last Agent to Sell the Property

Jason Heutinik

Windermere Real Estate Whatcom License #86255 Listed on: 05/12/2022

Windermere Real Estate Whatcom

Co-Listed By

Jenna Hickey

Windermere Real Estate Whatcom License #22009987

Last Buyer's Agent

Cordon Walken

Capstone Commercial License #86060

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1932910

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,796

Year Built

  • Built in 2020

Lot Details

  • 0.93 Acre Lot
  • Property is in very good condition

Home Design

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

Interior Spaces

  • 19,120 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Sumas Elementary School
  • Nooksack Vly Mid Middle School
  • Nooksack Vly High School

Utilities

  • Mini Split Air Conditioners

Community Details

  • No Home Owners Association
  • Sumas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4004020855200000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,796

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2020
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 19120
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: High Efficiency - 90%+, Ductless HP-Mini Split, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • 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: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Sumas
  • SewerCompany: Sumas
  • WaterCompany: Sumas
  • CableConnected: Pogo Zone
  • InternetConnected: Pogo Zone
  • WaterSewerGarbage: 19800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Nooksack Valley
  • High School: Nooksack Vly High
  • Middle Or Junior School: Nooksack Vly Mid

Lot Info

  • Parcel Number: 4004020855200000
  • Lot Size Acres: 0.9302
  • Lot Size Sq Ft: 40521
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: plat map
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.5
  • LeasedItems: None
  • TotalMonthlyIncome: 28000

Multi Family

  • Gross Scheduled Income: 336000
  • Net Operating Income: 262068
  • Number Of Units Total: 4
  • Insurance Expense: 6504
  • Leasable Area: 19120
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 32796

MLS Schools

  • Elementary School: Sumas Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2012
Closed on
Mar 31, 2016
Sold by
Hag Investments Llc
Bought by
Hd Investment Llc
Seller's Agent
Karen Timmer
Windermere Real Estate Whatcom
Buyer's Agent
Jason Heutinik
Windermere Real Estate Whatcom
List Price
$199,000
Sold Price
$75,000
Premium/Discount to List
-$124,000
-62.31%
Current Estimated Value
$261,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,860
Avg. Annual Appreciation
10.68%
Original Mortgage
$59,500
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2010
Sold by
Hag Investments Llc
Bought by
Alsum Jess T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,918
Interest Rate
5.04%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2010
Sold by
H A G Investment Llc
Bought by
Young Craig W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,918
Interest Rate
5.04%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 15, 2010
Sold by
H A G Llc
Bought by
Korthuis Brent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,918
Interest Rate
5.04%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 2009
Sold by
H A G Llc
Bought by
Robinson Larson Nathan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,857
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2007
Sold by
Hag Investments Llc
Bought by
Ruiter Martin P and Lydia Ruiter M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,200
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 14, 2006
Sold by
Hissong Scott
Bought by
Coverdale Lori Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,137
Interest Rate
6.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 5, 2006
Sold by
Hag Investments Llc
Bought by
Bruschek Dieter K and Bruschek Josefine

Purchase Details

Closed on
May 24, 2006
Sold by
Hag Investments Llc
Bought by
Brunson James E and Brunson Jennifer C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 20, 2006
Sold by
Hag Investments Llc
Bought by
Bromley Terrell J and Deem Shannon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 10, 2006
Sold by
Hag Investments Llc
Bought by
Sato Steve S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 6, 2006
Sold by
Tuttle Joan
Bought by
Tuttle Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 6, 2006
Sold by
Hag Investments Llc
Bought by
St Lawrence Robert J and St Lawrence Kimberly G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,200
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 13, 2004
Sold by
Hag Investments Llc
Bought by
Knutzen Donald H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
5.73%
Mortgage Type
Construction
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
Hd Investment Llc $75,000 Whatcom Land Title Co Inc
Alsum Jess T $142,780 Chicago Title Insurance
Young Craig W $142,780 Chicago Title Insurance
Korthuis Brent A $139,780 Chicago Title Insurance
Robinson Larson Nathan L $140,280 Chicago Title Insurance
Ruiter Martin P $157,780 First American Title Insuran
Millar Bernadette $167,180 First American Title Insuran
Coverdale Lori Ann -- First American Title Insuran
Coverdale Lori A $150,230 First American Title Insuran
Bruschek Dieter K $157,780 First American Title Insuran
Brunson James E $166,280 First American Title Insuran
Bromley Terrell J $159,780 First American Title Insuran
Sato Steve S $155,230 First American Title Insuran
Tuttle Michael -- First American Title Insuran
Tuttle Michael $160,530 First American Title Insuran
St Lawrence Robert J $172,480 First American Title Insuran
Knutzen Donald H $109,592 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelm Patrick D $162,075
Open Hd Investments Llc $2,150,000
Closed Hd Investments Llc $59,500
Previous Owner Alsum Jess T $139,918
Previous Owner Young Craig W $139,906
Previous Owner Korthuis Brent A $136,972
Previous Owner Robinson Larson Nathan L $142,857
Previous Owner Millar Bernadette $150,200
Previous Owner Coverdale Lori A $117,137
Previous Owner Brunson James E $41,500
Previous Owner Brunson James E $124,500
Previous Owner Bromley Terrell J $162,755
Previous Owner Sato Steve S $85,222
Previous Owner Tuttle Michael $128,200
Previous Owner St Lawrence Robert J $163,590
Previous Owner Hag Investments Llc $1,750,000
Previous Owner Knutzen Donald H $128,500
Previous Owner Hag Investments Llc $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $4,450,000 -9.1% $233 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $4,895,000 +6426.7% $256 / Sq Ft
03/31/2016 03/31/16 Sold $75,000 -62.3% $46 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
06/01/2012 06/01/12 For Sale $199,000 -- $122 / 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 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $1,204 $0 $0 $0
2018 $1,712 $110,000 $110,000 $0
2017 $1,499 $118,668 $118,668 $0
2016 $1,457 $107,965 $107,965 $0
2014 -- $104,500 $104,500 $0
2013 -- $137,541 $104,500 $33,041
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1932910

Northwest Multiple Listing Service (NWMLS)

APN: 400402-085520-0000