Listed by COMPASS, Bought with RE/MAX Whatcom County, Inc.
$1,250,000
SOLD JUN 7, 2024

1512 I St Bellingham, WA 98225

Lettered Streets Neighborhood
-- Bed
-- Bath
2,400 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$521 Per Sq Ft

5% Below List Price

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

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: 286

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $937,500 New Conventional
Previous Owner $807,750 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,250,000 Chicago Title
Quit Claim Deed -- --
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2216478

Northwest Multiple Listing Service (NWMLS)

APN: 380225-529463-0000

Washington Whatcom County Bellingham 98225 Lettered Streets

1512 I St, Bellingham, WA

Homes for Sale in Bellingham, WA

This home is located at 1512 I St, Bellingham, WA 98225 and is currently priced at $1,250,000, approximately $520 per square foot. This property was built in 1994. 1512 I St is a home located in Whatcom County with nearby schools including Parkview Elementary School, Whatcom Middle School, and Bellingham High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.