Listed by Weichert Realtors Vanson Assoc, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,026,000 - $1,171,349

4 Beds
2 Baths
2,592 Sq Ft
$420/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $689,000 $266 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,650/month

34 Days on Market

Highlights

  • Deck
  • Territorial View
  • Wall to Wall Carpet
  • Fairhaven Middle School Rated A-
  • High Speed Internet

About This Home

As of May 2018

Exceptional investment opportunity! With a solid rental history, this well cared for duplex is within walking distance to WWU. It boasts a 5.9% CAP rate with a historical vacancy rate of less-than-1%. Being close to many restaurants and local shops, tenants can take advantage of the local trails for hiking and biking. Each unit is a 4 bedroom 2 bath, fully applianced, and attached garages. DO NOT miss out on this spot in a very popular South campus neighborhood! Adjoining duplex also for sale.

Last Agent to Sell the Property

Bret Van Lant

Weichert Realtors Vanson Assoc License #25804 Listed on: 03/30/2018

Weichert Realtors Vanson Assoc

Co-Listed By

Ty Jackson

Muljat Group License #23170

Last Buyer's Agent

Anne Cantrell

COMPASS License #6913

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1265215

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,102

Year Built

  • Built in 1997

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Rob & Derek's Lla Condos
  • Happy Valley Subdivision

Listing and Financial Details

  • Tax Lot C
  • Assessor Parcel Number 3702014980640000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,102

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1997
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Rob & Derek's LLA
  • New Construction: No
  • CalculatedSquareFootage: 2592
  • Special Features: None
  • Cumulative Days on Market: 350

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3255

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3702014980640000
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: C

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 52800
  • Net Operating Income: 40780
  • Number Of Units Total: 2
  • Electric Expense: 58
  • Insurance Expense: 1100
  • Leasable Area: 2592
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5102

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2019
Sold by
Ho Wen Huan S and Chu Fang Yi
Bought by
Md Capital Llc
Current Estimated Value
$1,085,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2019
Sold by
Md Capital Llc
Bought by
Ho Wen Huan S and Chu Fang Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2018
Closed on
May 29, 2018
Sold by
Ho Wen Huan S and Chu Fang Yi
Bought by
Md Capital Llc
Seller's Agent
Bret Van Lant
Weichert Realtors Vanson Assoc
Buyer's Agent
Anne Cantrell
COMPASS
List Price
$687,000
Sold Price
$689,000
Premium/Discount to List
$2,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$516,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2018
Closed on
May 22, 2018
Sold by
Litzow Stephen R and Litzow Jennifer T
Bought by
Ho Wen Huan S and Chu Fang Yi
Seller's Agent
Bret Van Lant
Weichert Realtors Vanson Assoc
Buyer's Agent
Anne Cantrell
COMPASS
List Price
$687,000
Sold Price
$689,000
Premium/Discount to List
$2,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2015
Sold by
Tara Holdings 3 Llc
Bought by
Litzow Stephen R and Litzow Jennifer T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2006
Sold by
Litzow Stephen R and Litzow Jennifer T
Bought by
Tara Holdings 3 Llc

Purchase Details

Closed on
Apr 11, 2006
Sold by
Canyon Holdings Llc Series 9
Bought by
Litzow Stephen R and Litzow Jennifer T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
1.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 20, 2006
Sold by
Canyon Holdings Llc
Bought by
Canyon Holdings Llc Series 9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
1.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 15, 2005
Sold by
Happy Valley Development Corp
Bought by
Canyon Holdings Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Md Capital Llc -- None Available
Ho Wen Huan S -- Chicago Title Insurance
Md Capital Llc -- Accommodation
Ho Wen Huan S $689,000 Whatcom Land Title
Litzow Stephen R -- First American Title Ins
Tara Holdings 3 Llc -- None Available
Litzow Stephen R $469,614 Whatcom Land Title
Canyon Holdings Llc Series 9 -- None Available
Canyon Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Md Capital Llc $514,000
Closed Ho Wen Huan Steve $522,500
Previous Owner Ho Wen Huan S $516,750
Previous Owner Litzow Stephen R $340,000
Previous Owner Litzow Stephen R $328,500
Previous Owner Litzow Stephen R $93,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $689,000 +0.3% $266 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
04/29/2018 04/29/18 For Sale $687,000 0.0% $265 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
03/30/2018 03/30/18 For Sale $687,000 -- $265 / 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 $8,454 $1,049,122 $422,350 $626,772
2023 $8,454 $1,086,631 $437,450 $649,181
2022 $6,962 $924,798 $372,300 $552,498
2021 $6,614 $745,825 $300,250 $445,575
2020 $6,499 $654,227 $263,375 $390,852
2019 $5,592 $621,003 $250,000 $371,003
2018 $5,782 $535,825 $176,313 $359,512
2017 $5,102 $475,621 $156,500 $319,121
2016 $4,645 $438,033 $144,000 $294,033
2015 $4,572 $415,480 $136,500 $278,980
2014 -- $395,683 $130,000 $265,683
2013 -- $375,881 $125,000 $250,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1265215

Northwest Multiple Listing Service (NWMLS)

APN: 370201-498064-0000