NOT LISTED FOR SALE

1335 Main St Lynden, WA 98264

Estimated Value: $929,000 - $1,466,000

2 Beds
1 Bath
6,200 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $1,250,000 $202 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $6,458/month

30 Days on Market

Highlights

  • Territorial View
  • Patio
  • 1-Story Property
  • Thermal Windows
  • Wall to Wall Carpet

About This Home

As of March 2021

Don't miss this rare investment opportunity in Lynden these don't come around often! Featuring 2 four plex units being sold together for a total of 8 units. All units are 2 bedroom, 1 bath, all units have washer and dryers, dishwashers, off street parking, central location, close to schools and on bus line. Long term renters.

Last Agent to Sell the Property

Karen Timmer

Windermere Real Estate Whatcom License #2964 Listed on: 01/06/2021

Windermere Real Estate Whatcom

Last Buyer's Agent

Nav Narwal

Coldwell Banker Bain License #128115

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1713435

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,014

Year Built

  • Built in 1986

Lot Details

  • 0.49 Acre Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 6,200 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 14 Parking Spaces
  • Open Parking

Schools

  • Lynden Mid Middle School
  • Lynden High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Lynden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 400319541424

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,014

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6200
  • Special Features: None
  • Cumulative Days on Market: 296

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • WaterSewerGarbage: 11760

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lynden
  • High School: Lynden High
  • Middle Or Junior School: Lynden Mid

Lot Info

  • Parcel Number: 400319541424
  • Lot Size Acres: 0.49
  • Lot Size Sq Ft: 21344
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 6050

Multi Family

  • Gross Scheduled Income: 72600
  • Net Operating Income: 52176
  • Number Of Units Total: 8
  • Insurance Expense: 1650
  • Leasable Area: 6200
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7014

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Mar 5, 2021
Sold by
Kooy Gregory and Kooy Diana
Bought by
Wildhaven Investments Llc and Bradner Investments Llc
Seller's Agent
Karen Timmer
Windermere Real Estate Whatcom
Buyer's Agent
Nav Narwal
Coldwell Banker Bain
List Price
$1,335,000
Sold Price
$1,250,000
Premium/Discount to List
-$85,000
-6.37%
Total Days on Market
30
Current Estimated Value
$1,146,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$103,667
Avg. Annual Appreciation
-2.01%
Original Mortgage
$500,000
Outstanding Balance
$311,965
Interest Rate
2.7%
Mortgage Type
Unknown
Estimated Equity
$834,368
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
Wildhaven Investments Llc $1,250,000 Chicago Title Company Of Wa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wildhaven Investments Llc $500,000
Closed Wildhaven Investments Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2021 03/10/21 Sold $1,250,000 -6.4% $202 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $1,335,000 0.0% $215 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $1,335,000 -- $215 / 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 $4,502 $636,150 $218,250 $417,900
2023 $4,502 $626,827 $225,000 $401,827
2022 $4,059 $533,190 $203,525 $329,665
2021 $3,981 $440,647 $168,200 $272,447
2020 $3,488 $393,446 $150,183 $243,263
2019 $3,102 $360,884 $137,893 $222,991
2018 $3,391 $329,083 $125,615 $203,468
2017 $3,146 $295,380 $112,750 $182,630
2016 $2,969 $291,541 $88,000 $203,541
2015 $2,632 $273,662 $84,640 $189,022
2014 -- $264,390 $81,760 $182,630
2013 -- $262,630 $80,000 $182,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1713435

Northwest Multiple Listing Service (NWMLS)

APN: 400319-549424-0000