NOT LISTED FOR SALE

1388 Nigel Rd Bellingham, WA 98226

Estimated Value: $1,327,000 - $1,537,896

3 Beds
1 Bath
-- Sq Ft
1.27 Acres

Last Sold November 12, 2021

Last sale price $1,305,000

Est. 12% increase in value since last sale

Current estimated payment $8,520/month

7 Days on Market

Highlights

  • Lake View
  • Deck
  • High Speed Internet
  • Silver Beach Elementary School Rated A-
  • Cul-De-Sac
  • Property is in very good condition

About This Home

As of November 2021

Sitting upon a gorgeous treed 1.27-acre lot is this amazing four-plex building. Extreme privacy and a beautiful setting. Upper units have a partial lake view. Easy to attract quality tenants in an exceptional setting like this. Nice apartments with a carport and storage space for each unit. Washers/dryers in each unit for maximum amenities for the tenant's benefit. A building with this type of location, up-side potential, is a rock-solid investment to solidify your future endeavors.

Last Agent to Sell the Property

Monte Young

Bellwether Real Estate License #2871 Listed on: 10/20/2021

Bellwether Real Estate

Last Buyer's Agent

Becki Murphy

Roma Management LLC License #27844

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1855696

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,013

Year Built

  • Built in 1989

Lot Details

  • 1.27 Acre Lot
  • Cul-De-Sac
  • Property is in very good condition

Property Views

  • Lake
  • Territorial
  • Limited

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Silver Beach Elementary School
  • Whatcom Mid Middle School
  • Squalicum High School

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Deck

Community Details

  • Silver Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803221615560000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,013

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1989
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 301

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: Metal
  • View: Lake, Partial, Territorial
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3090

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham
  • High School: Squalicum High
  • Middle Or Junior School: Whatcom Mid

Lot Info

  • Parcel Number: 3803221615560000
  • Lot Size Acres: 1.27
  • Lot Size Sq Ft: 55321
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 5800

Multi Family

  • Gross Scheduled Income: 69600
  • Net Operating Income: 57976
  • Number Of Units Total: 4
  • Electric Expense: 37
  • Insurance Expense: 1384
  • Leasable Area: 3320
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6013

MLS Schools

  • Elementary School: Silver Beach Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2021
Closed on
Nov 4, 2021
Sold by
Green Helen
Bought by
Leeway Family Inc
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Becki Murphy
Roma Management LLC
List Price
$1,295,000
Sold Price
$1,305,000
Premium/Discount to List
$10,000
0.77%
Current Estimated Value
$1,457,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,474

Purchase Details

Closed on
Mar 4, 2011
Sold by
Singer Alexander and Green Helen
Bought by
Singer Alexander and Green Helen

Purchase Details

Closed on
Aug 20, 2008
Sold by
Singer Claudia
Bought by
Green Helen and Singer Alexander
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
Leeway Family Inc $1,305,000 Chicago Title
Singer Alexander -- None Available
Green Helen -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $1,305,000 +0.8% --
10/27/2021 10/27/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $1,295,000 -- --
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 $9,421 $1,109,092 $393,000 $716,092
2023 $9,421 $1,084,186 $384,175 $700,011
2022 $7,304 $853,690 $302,500 $551,190
2021 $6,013 $705,529 $250,000 $455,529
2020 $5,835 $541,226 $250,971 $290,255
2019 $5,243 $515,454 $239,020 $276,434
2018 $5,673 $478,793 $222,020 $256,773
2017 $4,669 $442,132 $205,020 $237,112
2016 $4,370 $379,808 $176,120 $203,688
2015 $4,350 $366,610 $170,000 $196,610
2014 -- $354,857 $159,200 $195,657
2013 -- $357,174 $160,000 $197,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1855696

Northwest Multiple Listing Service (NWMLS)

APN: 380322-161556-0000