NOT LISTED FOR SALE

Estimated Value: $1,149,000 - $1,275,000

1 Bed
1 Bath
2,400 Sq Ft
$512/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $1,250,000 $521 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,379/month

49 Days on Market

Highlights

  • Deck
  • Territorial View
  • Vinyl Plank Flooring
  • Bellingham High School Rated A
  • No HOA
  • High Speed Internet

About This Home

As of June 2024

Here is an incredible opportunity to own a well cared for 4-plex in the desirable Lettered Streets neighborhood! Situated perfectly with trail access out the front door, a great walk & bike score + 4 parking spots! Two 2 bedroom, 1 bath units and two Studios with shared deck access. Many thoughtful updates throughout such as a newer roof, interior and exterior paint, updated bathrooms, newer carpet, and new appliances, as well as new recessed lighting and wall heaters throughout. All units include dishwashers and in-unit laundry! WOW! Proximity to restaurants, a yoga studio, parks, and more! An overall great building with excellent rental history!

Last Agent to Sell the Property

Alana Mey

COMPASS License #121114 Listed on: 03/29/2024

COMPASS

Last Buyer's Agent

Vishavjeet Dhindsa

RE/MAX Whatcom County, Inc. License #132294

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2216478

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,452

Year Built

  • Built in 1994

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Parkview Elementary School
  • Whatcom Mid Middle School
  • Bellingham High School

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Supplemental Map Of Whatcom Condos
  • Lettered Streets Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 49
  • Assessor Parcel Number 380225-529463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,452

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1994
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Supplemental Map of Whatcom
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • Special Features: None
  • Cumulative Days on Market: 339

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 3939

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 380225-529463
  • Lot Size Acres: 0.11
  • Lot Size: 50x100
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 8

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.15
  • LeasedItems: None
  • TotalMonthlyIncome: 6775

Multi Family

  • Gross Scheduled Income: 81300
  • Net Operating Income: 68709
  • Number Of Units Total: 4
  • Insurance Expense: 2200
  • Leasable Area: 2400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6452

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 31, 2024
Sold by
Z & P Investments Ii Llc
Bought by
Singh Mangat Ravinder and Singh Avtar Mangat
Seller's Agent
Alana Mey
COMPASS
Buyer's Agent
Vishavjeet Dhindsa
RE/MAX Whatcom County, Inc.
List Price
$1,313,000
Sold Price
$1,250,000
Premium/Discount to List
-$63,000
-4.8%
Views
45
Current Estimated Value
$1,227,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,094
Avg. Annual Appreciation
-1.72%
Original Mortgage
$937,500
Outstanding Balance
$929,867
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$298,039

Purchase Details

Closed on
Feb 17, 2023
Sold by
Kacha Zina
Bought by
Z & P Investments Ii Llc

Purchase Details

Closed on
May 2, 2014
Sold by
Finkbonner Joey D
Bought by
Finkbonner Sheila Grady
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
Singh Mangat Ravinder $1,250,000 Chicago Title
Z & P Investments Ii Llc -- --
Finkbonner Sheila Grady -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Mangat Ravinder $937,500
Previous Owner Kacha Zina $807,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $1,250,000 -4.8% $521 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $1,313,000 -- $547 / 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 $6,452 $808,661 $261,698 $546,963
2023 $6,452 $829,200 $268,345 $560,855
2022 $5,270 $714,840 $231,336 $483,504
2021 $5,170 $567,334 $183,600 $383,734
2020 $4,797 $525,309 $170,000 $355,309
2019 $4,295 $471,131 $149,733 $321,398
2018 $4,325 $422,897 $134,433 $288,464
2017 $3,732 $364,102 $115,740 $248,362
2016 $3,265 $328,393 $103,860 $224,533
2015 $3,201 $299,051 $94,860 $204,191
2014 -- $283,730 $90,000 $193,730
2013 -- $282,021 $89,250 $192,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2216478

Northwest Multiple Listing Service (NWMLS)

APN: 380225-529463-0000