Listed by Muljat Group, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

1412 Liberty St Lynden, WA 98264

Lynden Area
-- Bed
-- Bath
-- Sq Ft
4.53 Acre Lot

Sale Details

Date Sold: June 29, 2020

Last sale price $8,700,000

102 Days on Market

Highlights

  • Home fronts a creek
  • Deck
  • Corner Lot
  • 4.53 Acre Lot
  • Wood Flooring
  • Gazebo

About This Home

As of June 2020

First time on the market in over 20 years! La Villa Apartments is an apartment community with a variety of unit types and a historically strong occupancy rate. The community was built between 1969 and 1983. It has been well maintained by the ownership, whom lived on-site for over
15 years. The 54-unit community has the zoning potential to add up to 74 more units (for a total of 128 units). This multi-family investment has multiple opportunities for rent growth and future opportunity.

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 02/06/2020

Muljat Group

Last Buyer's Agent

Nav Narwal

Coldwell Banker Bain License #128115

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1562333

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,600

Year Built

  • Built in 1975

Lot Details

  • 4.53 Acre Lot
  • Home fronts a creek
  • Street terminates at a dead end
  • Corner Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Tile Roof
  • Bitumen Roof
  • Wood Siding
  • Stucco
  • Wood Composite

Interior Spaces

  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Gazebo
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lynden Subdivision
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 4003194992470000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,600

Year Built

Built in 1975

Lot Details

4.53 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1975
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 5
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Flat, Tile, Torch Down
  • Lot Features: Corner Lot, Curbs, Dead End Street
  • View: No
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Brick, Stucco, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 50
  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 80

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Wood
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden

Schools

  • Junior High Dist: Lynden

Lot Info

  • Parcel Number: 4003194992470000
  • Lot Size Acres: 4.53
  • Lot Size Sq Ft: 197327
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Cable TV,Deck,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 57476

Tax Info

  • Year: 2019
  • Tax Annual Amount: 31600

Multi Family

  • Number Of Units Total: 54
  • Electric Expense: 4590
  • UnitsBelowGrade: true

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Outstanding Balance
$421,397
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Outstanding Balance
$421,397
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2020
Closed on
Jun 29, 2020
Sold by
Bought by
Seller's Agent
Troy Muljat
Muljat Group
Buyer's Agent
Nav Narwal
Coldwell Banker Bain
List Price
$8,950,000
Sold Price
$8,700,000
Premium/Discount to List
-$250,000
-2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,525,000
Interest Rate
3.2%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Whatcom Land Title
$313 Meenk John
$8,700,000 Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $445,500
Previous Owner $6,525,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/29/2020 06/29/20 Sold $8,700,000 -2.8% --
05/18/2020 05/18/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $8,950,000 +2.9% --
04/07/2020 04/07/20 Off Market $8,700,000 -- --
02/06/2020 02/06/20 For Sale $8,950,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $66,312 $8,762,480 $1,708,734 $7,053,746
2024 $62,865 $8,762,480 $1,708,734 $7,053,746
2023 $62,865 $8,762,480 $1,708,734 $7,053,746
2022 $57,890 $6,284,249 $1,524,725 $4,759,524
2021 $63,593 $6,284,249 $1,524,725 $4,759,524
2020 $35,267 $6,284,249 $1,524,725 $4,759,524
2019 $31,601 $3,648,987 $865,437 $2,783,550
2018 $38,481 $3,352,000 $795,000 $2,557,000
2017 $34,153 $3,352,000 $795,000 $2,557,000
2016 $34,338 $3,164,498 $674,160 $2,490,338
2015 $29,718 $3,164,498 $674,160 $2,490,338
2014 -- $2,985,375 $636,000 $2,349,375
2013 -- $2,985,375 $636,000 $2,349,375
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1562333

Northwest Multiple Listing Service (NWMLS)
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