NOT LISTED FOR SALE

Estimated Value: $1,120,000 - $1,330,262

8 Beds
4 Baths
3,168 Sq Ft
$391/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $984,000 $311 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,600/month

5 Days on Market

Highlights

  • 0.21 Acre Lot
  • Deck
  • Thermal Windows
  • Fairhaven Middle School Rated A-
  • Territorial View
  • High Speed Internet

About This Home

As of December 2020

A solid stream of excellent income from this desirable york district 4-plex. All units at $1300/month, low maintenance yard, vinyl windows clean well-maintained building in exceptional condition. Great location walking to shopping, close to downtown, very high walkability score. Each unit has a washer and dryer and a private deck as well. Bedrooms are very large. Great income and doesn't need anything.

Last Listed By

Monte Young

Bellwether Real Estate License #2871 Listed on: 12/02/2020

Bellwether Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1693866

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,467

Year Built

  • Built in 1979

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • York Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803304251490000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,467

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3168
  • Special Features: None
  • Cumulative Days on Market: 267

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1972

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3803304251490000
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 5200

Multi Family

  • Gross Scheduled Income: 62400
  • Net Operating Income: 50936
  • Number Of Units Total: 4
  • Electric Expense: 110
  • Insurance Expense: 1226
  • Leasable Area: 3168
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5467

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Dec 23, 2020
Sold by
Green Daniel C and Green Helen Singer
Bought by
Mount Baker Franklin Llc
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Monte Young
Bellwether Real Estate
List Price
$889,900
Sold Price
$984,000
Premium/Discount to List
$94,100
10.57%
Total Days on Market
5
Current Estimated Value
$1,239,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,316

Purchase Details

Closed on
Aug 28, 2000
Sold by
Lum William and Lum Madeline
Bought by
Green Daniel C and Green Helen Singer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
8.2%
Mortgage Type
Commercial

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
Mount Baker Franklin Llc $984,000 Chicago Title Bellingham
Green Daniel C $178,000 Island Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Daniel C $180,000
Previous Owner Green Daniel C $142,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Sold $984,000 +10.6% $311 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $889,900 -- $281 / 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 $7,956 $997,350 $338,668 $658,682
2023 $7,956 $1,022,682 $347,270 $675,412
2022 $6,499 $881,638 $299,376 $582,262
2021 $6,376 $699,713 $237,600 $462,113
2020 $5,467 $647,882 $220,000 $427,882
2019 $4,895 $536,914 $207,963 $328,951
2018 $4,929 $481,956 $186,713 $295,243
2017 $4,251 $414,949 $160,750 $254,199
2016 $3,720 $374,060 $144,250 $229,810
2015 $3,648 $340,740 $131,750 $208,990
2014 -- $323,283 $125,000 $198,283
2013 -- $285,179 $105,000 $180,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1693866

Northwest Multiple Listing Service (NWMLS)

APN: 380330-425149-0000