NOT LISTED FOR SALE

Estimated Value: $633,030 - $762,000

2 Beds
2 Baths
1,548 Sq Ft
$449/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $360,000 $233 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,298/month

6 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Ceramic Tile Flooring
  • Squalicum High School Rated A-
  • Patio
  • Partially Fenced Property

About This Home

As of October 2016

Great Rental Opportunity!! If you have been looking for an investment property look no further. Beautiful duplex in the heart of Bellingham here for the taking. 1st unit has 1bd 1bath and the 2nd has 2bd 2bath and completely updated. This turn key rental is perfect for first time investors or experienced. Huge opportunity to increase its value and get this back up to current market rental rates. Live in one side and rent the other. Come take a look today! Call for a private showing

Last Agent to Sell the Property

Chad Messick

Premier Trust Realty License #118926 Listed on: 08/26/2016

Last Buyer's Agent

Solveig Johnson

COMPASS License #116354

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1020906

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,418

Year Built

  • Built in 1995

Lot Details

  • 6,970 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,548 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Roosevelt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803202243150000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,418

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1995
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1548
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: High Efficiency - 90%+, Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803202243150000
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 1575

Multi Family

  • Net Operating Income: 15919
  • Number Of Units Total: 2
  • Insurance Expense: 563
  • Leasable Area: 1548
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Oct 17, 2016
Sold by
Bowyer John G and Bowyer Andrea M
Bought by
Seamons James R and Seamons Alberta L
Seller's Agent
Chad Messick
Premier Trust Realty
Buyer's Agent
Solveig Johnson
COMPASS
List Price
$370,000
Sold Price
$360,000
Premium/Discount to List
-$10,000
-2.7%
Total Days on Market
6
Current Estimated Value
$695,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,258
Avg. Annual Appreciation
7.72%
Original Mortgage
$270,000
Outstanding Balance
$219,783
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$464,069

Purchase Details

Closed on
May 22, 2006
Sold by
Ludtke Gailen and Ludtke Debbie L
Bought by
Bowyer John G and Bowyer Andrea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,500
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Seamons James R $360,000 Whatcom Land Title
Bowyer John G $325,280 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seamons James R $270,000
Previous Owner Bowyer John G $85,500
Previous Owner Bowyer John G $32,500
Previous Owner Bowyer John G $260,000
Previous Owner Ludtke Gailen A $225,000
Previous Owner Ludtke Gailen A $133,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2016 10/20/16 Sold $360,000 -2.7% $233 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $370,000 -- $239 / 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 $4,747 $594,746 $238,607 $356,139
2023 $4,747 $609,852 $244,668 $365,184
2022 $3,876 $525,744 $210,924 $314,820
2021 $3,802 $417,257 $167,400 $249,857
2020 $3,554 $386,349 $155,000 $231,349
2019 $3,182 $349,027 $124,778 $224,249
2018 $3,204 $313,298 $112,028 $201,270
2017 $2,764 $269,739 $96,450 $173,289
2016 $2,418 $243,213 $86,550 $156,663
2015 $2,371 $221,520 $79,050 $142,470
2014 -- $210,171 $75,000 $135,171
2013 -- $243,122 $73,500 $169,622
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1020906

Northwest Multiple Listing Service (NWMLS)

APN: 380320-224315-0000