Listed by Muljat Group, Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
5,215 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: September 6, 2019

Last sale price $1,035,000 $198 Per Sq Ft

327 Days on Market

About This Home

As of September 2019

Solid investment, 6 unit multi-family building for sale with historically low vacancies and potential rental upside! Some recent interior/exterior upgrades including a new roof in 2017 as well as new gutters this year. Five of the six units have been remodeled and have all appliances and washer/ dryers. Take advantage of the rental market and own a great investment opportunity in Bellingham!

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 07/17/2018

Muljat Group

Last Buyer's Agent

Brad Hanks

RE/MAX Whatcom County, Inc. License #73959

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1324758

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1980

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,215 Sq Ft Home
  • 2-Story Property

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380329083109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1980

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 5215
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Block
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 14

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 380329083109
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 6940

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5204

Multi Family

  • Number Of Units Total: 6
  • UnitsBelowGrade: false

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

Listed on
Jul 17, 2018
Closed on
Sep 3, 2019
Sold by
Bought by
Seller's Agent
Troy Muljat
Muljat Group
Buyer's Agent
Brad Hanks
RE/MAX Whatcom County, Inc.
List Price
$1,200,000
Sold Price
$1,035,000
Premium/Discount to List
-$165,000
-13.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$665,323
Interest Rate
3.7%
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
$1,035,000 Chicago Title Insurance
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 $775,000
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
09/06/2019 09/06/19 Sold $1,035,000 -5.9% $198 / Sq Ft
06/09/2019 06/09/19 Pending -- -- --
12/27/2018 12/27/18 Price Changed $1,100,000 -2.2% $211 / Sq Ft
09/20/2018 09/20/18 Price Changed $1,125,000 -6.3% $216 / Sq Ft
07/17/2018 07/17/18 For Sale $1,200,000 -- $230 / Sq Ft
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 $10,019 $1,209,483 $478,176 $731,307
2024 $8,659 $1,224,367 $445,608 $778,759
2023 $8,659 $1,113,088 $405,108 $707,980
2022 $8,545 $1,113,088 $405,108 $707,980
2021 $7,301 $919,908 $334,800 $585,108
2020 $7,554 $741,861 $270,000 $471,861
2019 $5,099 $741,861 $270,000 $471,861
2018 $5,204 $502,055 $233,514 $268,541
2017 $4,715 $438,084 $203,760 $234,324
2016 $4,529 $414,864 $192,960 $221,904
2015 $4,367 $414,864 $192,960 $221,904
2014 -- $387,000 $180,000 $207,000
2013 -- $387,000 $180,000 $207,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1324758

Northwest Multiple Listing Service (NWMLS)
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