Listed by Bellwether Real Estate, Bought with Windermere Real Estate Co.
NOT LISTED FOR SALE

1390 Nigel Rd Bellingham, WA 98226

Estimated Value: $1,161,000 - $1,557,000

3 Beds
6 Baths
4,854 Sq Ft
$288/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $1,310,000 $270 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,838/month

74 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Wood Flooring
  • Silver Beach Elementary School Rated A-
  • Territorial View
  • No HOA

About This Home

As of October 2022

Extremely rare premium four-plex investment property. Includes a 3 bedroom 2 bath 1568 square foot owner's unit with a two-car garage and shop as well. Units are in excellent condition and the income is exceptional. Located on a 1.36-acre totally private beautiful park-like lot in a residential location. Lots of upside and an absolute dream location! Nothing but fabulous tenants!

Last Agent to Sell the Property

Monte Young

Bellwether Real Estate License #2871 Listed on: 06/22/2022

Bellwether Real Estate

Last Buyer's Agent

Demetri Georgakopoulos

Windermere Real Estate Co. License #116260

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1955029

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,732

Year Built

  • Built in 1989

Lot Details

  • 1.36 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Secluded Lot
  • Corner Lot
  • Property is in very good condition

Home Design

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

Interior Spaces

  • 4,854 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

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

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Silver Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803221905520000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,732

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: 4854
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 410

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 5100

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3803221905520000
  • Lot Size Acres: 1.36
  • Lot Size Sq Ft: 59242
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: tax appraisal record
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.77
  • LeasedItems: None
  • TotalMonthlyIncome: 7390

Multi Family

  • Gross Scheduled Income: 88680
  • Net Operating Income: 68515
  • Number Of Units Total: 4
  • Insurance Expense: 1834
  • Leasable Area: 4918
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8732

MLS Schools

  • Elementary School: Silver Beach Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Sep 21, 2022
Sold by
English Carol E
Bought by
Joan B Cartal Revocable Trust
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Demetri Georgakopoulos
Windermere Real Estate Co.
List Price
$1,499,000
Sold Price
$1,310,000
Premium/Discount to List
-$189,000
-12.61%
Current Estimated Value
$1,430,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,722
Avg. Annual Appreciation
3.08%
Original Mortgage
$160,000
Outstanding Balance
$85,528
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$1,342,149

Purchase Details

Closed on
Dec 14, 2020
Sold by
English Richard D
Bought by
English Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2020
Sold by
English Carol Edith
Bought by
English Carol Edith and English Richard Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2019
Sold by
English Richard D
Bought by
English Carol Edith

Purchase Details

Closed on
Apr 20, 1999
Sold by
Bissell Howard W and Bissell Merrilyn S
Bought by
English Richard D and English Carol E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.98%
Mortgage Type
Commercial
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
Joan B Cartal Revocable Trust -- Chicago Title
English Carol -- None Available
English Carol Edith -- Guardian Nw Title
English Carol Edith -- None Available
English Richard D $262,162 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joan B Cartal Revocable Trust $160,000
Previous Owner English Carol Edith $435,000
Previous Owner English Carol E $473,000
Previous Owner English Carol E $470,000
Previous Owner English Carol E $130,000
Previous Owner English Richard D $200,000
Previous Owner English Richard D $244,000
Closed English Richard D $30,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $1,310,000 -6.4% $270 / Sq Ft
09/04/2022 09/04/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $1,399,000 -6.7% $288 / Sq Ft
06/22/2022 06/22/22 For Sale $1,499,000 -- $309 / 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 $11,236 $1,311,832 $393,000 $918,832
2023 $11,236 $1,282,375 $384,175 $898,200
2022 $8,733 $1,009,744 $302,500 $707,244
2021 $7,297 $834,499 $250,000 $584,499
2020 $7,038 $648,716 $250,971 $397,745
2019 $6,284 $617,825 $239,020 $378,805
2018 $6,800 $573,883 $222,020 $351,863
2017 $5,597 $529,941 $205,020 $324,921
2016 $5,238 $455,239 $176,120 $279,119
2015 $5,238 $439,420 $170,000 $269,420
2014 -- $427,314 $159,200 $268,114
2013 -- $430,192 $160,000 $270,192
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1955029

Northwest Multiple Listing Service (NWMLS)

APN: 380322-190552-0000