NOT LISTED FOR SALE
0.97 Acre
-- Price per Acre
42,201 Sq Ft Lot

Last Sold December 08, 2023

Last sale price $1,950,000

451 Days on Market

Highlights

  • 0.97 Acre Lot
  • No HOA
  • 4-minute walk to Maritime Heritage Park
  • Bellingham High School Rated A
  • Limited Views

About This Lot

As of December 2023

Rare development opportunity in the heart of Bellingham, located between the Central Business District and the Waterfront. Sites can be purchased as individual blocks or as a larger portfolio. Each parcel is zoned Commercial and allows for a variety of permitted uses including multi-family, retail, office, mixed-use, and hospitality. The city of Bellingham has demonstrated their keen interest in supporting the development of this area by entering into an agreement with Parberry’s in 2019 to construct street improvements and guarantee adequacy of water, sewer, and storm infrastructure to allow maximum development of the property.

Last Listed By

Troy Muljat

Muljat Group License #2199 Listed on: 05/02/2022

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1922402

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,082

Lot Details

  • 0.97

Additional Features

  • 0.97 Acre Lot
  • Limited Views

Community Details

  • No Home Owners Association
  • Lettered Streets Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803300243540000

Property Details

Property Type

Land

Est. Annual Taxes

$8,082

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 962

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Partial
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Industrial
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Natural Gas Available, Electricity Available
  • ElectricityStatus: Available
  • GasStatus: Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803300243540000
  • Lot Size Acres: 0.9688
  • Lot Size Sq Ft: 42201
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8082
  • AdditionalTaxIds: 3803300183640000,3803300293590000,3803300323630000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2025
Sold by
Capron Llc and Old Town Village Llc
Bought by
Otv Block 2 Llc
Total Days on Market
451

Purchase Details

Listed on
May 2, 2022
Closed on
Dec 4, 2023
Sold by
Parberrys Inc
Bought by
Capron Llc and Old Town Village Llc
Seller's Agent
Troy Muljat
Muljat Group
Buyer's Agent
Hannah Cano
Saratoga Commercial R.E.
List Price
$2,550,000
Sold Price
$1,950,000
Premium/Discount to List
-$600,000
-23.53%
Views
231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.79%
Mortgage Type
Seller Take Back

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
Otv Block 2 Llc $313 Whatcom Land Title
Capron Llc $1,950,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Capron Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $1,950,000 -23.5% --
07/27/2023 07/27/23 Pending -- -- --
05/02/2022 05/02/22 For Sale $2,550,000 -- --
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 $1,915 $398,970 $398,970 --
2023 $1,915 $245,700 $245,700 $0
2022 $2,304 $245,700 $245,700 $0
2021 $2,442 $248,073 $248,073 $0
2020 $1,674 $248,073 $248,073 $0
2019 $1,612 $164,366 $164,366 $0
2018 $1,684 $158,767 $158,767 $0
2017 $1,611 $141,756 $141,756 $0
2016 $1,548 $141,756 $141,756 $0
2015 $1,599 $141,756 $141,756 $0
2014 -- $141,756 $141,756 $0
2013 -- $138,921 $138,921 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1922402

Northwest Multiple Listing Service (NWMLS)

APN: 380330-024354-0000