NOT LISTED FOR SALE

Estimated Value: $1,248,000 - $1,308,000

2 Beds
4 Baths
-- Sq Ft
0.33 Acres

Last Sold April 19, 2019

Last sale price $810,000

Est. 59% increase in value since last sale

Current estimated payment $7,529/month

23 Days on Market

Highlights

  • RV Access or Parking
  • 0.33 Acre Lot
  • Patio
  • Bellingham High School Rated A
  • Territorial View
  • Property is in very good condition

About This Home

As of April 2019

Rare Investment! Columbia/Cornwall Park 4-plex on 1/3 acre lot with 3 tastefully updated units. Updated units have new flooring, paint, kitchen/bathroom upgrades, new water heaters, and with front and back doors. All units with new minisplit heat/AC. Strong rents with quality tenants. Building is in excellent condition inside and out, plenty of off-street parking and yard space as well. Highly walkable to your favorite parks, schools, stores and resturants. Affordable owner occupy option too!

Last Agent to Sell the Property

Doug Nesbit

Windermere Real Estate Whatcom License #37488 Listed on: 02/25/2019

Windermere Real Estate Whatcom

Last Buyer's Agent

Rainy Fackler-Adams

eXp Realty License #113192

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1415382

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,482

Year Built

  • Built in 1971

Lot Details

  • 0.33 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Mini Split Air Conditioners
  • Cable TV Available

Community Details

  • Columbia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,482

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: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 291

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 2520

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 52189
  • Lot Size Acres: 0.33
  • Lot Size: 14,375
  • Lot Size Sq Ft: 14375
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: County Assessor
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 52596
  • Net Operating Income: 46086
  • Number Of Units Total: 4
  • Insurance Expense: 1308
  • Leasable Area: 2750
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 4482

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2019
Closed on
Apr 18, 2019
Sold by
Swann Jerry and Swann Marie Y
Bought by
Swann Marie Y
Seller's Agent
Doug Nesbit
Windermere Real Estate Whatcom
Buyer's Agent
Rainy Fackler-Adams
eXp Realty
List Price
$799,500
Sold Price
$810,000
Premium/Discount to List
$10,500
1.31%
Total Days on Market
23
Current Estimated Value
$1,285,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,820
Avg. Annual Appreciation
7.65%
Original Mortgage
$607,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2019
Closed on
Apr 17, 2019
Sold by
Miller Eric and Antonich Melanie
Bought by
Swann Marie Y
Seller's Agent
Doug Nesbit
Windermere Real Estate Whatcom
Buyer's Agent
Rainy Fackler-Adams
eXp Realty
List Price
$799,500
Sold Price
$810,000
Premium/Discount to List
$10,500
1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2017
Closed on
Mar 6, 2017
Sold by
Alan & Mary Llc
Bought by
Miller Eric and Antonich Melanie
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.46%
Original Mortgage
$505,672
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2012
Sold by
Huang Alan S and Huang Mary C
Bought by
Alan & Mary Llc
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
Swann Marie Y -- Whatcom Land Title
Swann Marie Y $810,000 Whatcom Land Title
Miller Eric $515,000 First American Title
Alan & Mary Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swann Marie Y $614,000
Closed Swann Marie Y $607,500
Previous Owner Miller Eric $505,672
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2019 04/19/19 Sold $810,000 +1.3% --
03/20/2019 03/20/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $799,500 +55.2% --
03/24/2017 03/24/17 Sold $515,000 +3.2% --
01/30/2017 01/30/17 Pending -- -- --
01/24/2017 01/24/17 For Sale $499,000 -- --
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 $8,464 $1,060,990 $369,456 $691,534
2023 $8,464 $1,087,939 $378,840 $709,099
2022 $6,914 $937,895 $326,592 $611,303
2021 $6,783 $744,361 $259,200 $485,161
2020 $4,972 $689,223 $240,000 $449,223
2019 $4,451 $488,296 $174,689 $313,607
2018 $4,482 $438,311 $156,839 $281,472
2017 $3,867 $377,372 $135,030 $242,342
2016 $3,383 $340,260 $121,170 $219,090
2015 $3,318 $309,912 $110,670 $199,242
2014 -- $294,034 $105,000 $189,034
2013 -- $249,599 $68,250 $181,349
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1415382

Northwest Multiple Listing Service (NWMLS)

APN: 380224-495433-0000