Listed by Windermere Real Estate Whatcom, Bought with John L. Scott Bellingham
NOT LISTED FOR SALE

1557 Emerald Lake Way Bellingham, WA 98226

Estimated Value: $277,328 - $313,000

0.34 Acre
$849,506 Price per Acre
14,810 Sq Ft Lot

Last Sold August 12, 2024

Last sale price $270,000

Est. 7% increase in value since last sale

Current estimated payment $1,572/month

53 Days on Market

Highlights

  • Ocean View
  • Community Boat Launch
  • Community Playground
  • Squalicum High School Rated A-
  • No HOA
  • Lot Has A Rolling Slope

About This Lot

As of August 2024

Excellent opportunity to purchase a vacant lot close to town, with views of the Bay and mountains AND ability to proceed with a home construction with septic and building permits already completed. The owners of this property have spent over 2 years with all the technical data required with the county in getting the home ready to start construction and their immediate plans then changed and they are unable to proceed. Thus, the septic permit has been approved and all of the building plans for a home have been approved by the county and now all needed is to take over and start. The construction company has indicated they still can get this project scheduled in immediately to break ground if you wanted to still us them (but not required).

Last Agent to Sell the Property

Gary Davidson

Windermere Real Estate Whatcom License #83897 Listed on: 05/24/2024

Windermere Real Estate Whatcom

Last Buyer's Agent

Allison Fisher

John L. Scott Bellingham License #122675

John L. Scott Bellingham

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2241815

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $490

Lot Details

  • 0.34 Acre Lot
  • Lot Has A Rolling Slope
  • Zoning described as RR2

Property Views

  • Ocean
  • Bay
  • Mountain

Schools

  • Squalicum High School

Utilities

  • Septic Design Applied
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 3803103940040000

Community Details

Overview

  • No Home Owners Association
  • Emerald Lake Div No 2 Condos
  • Emerald Lake Subdivision

Recreation

  • Community Boat Launch
  • Community Playground

Property Details

Property Type

Land

Est. Annual Taxes

$490

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Emerald Lake Div No 2
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Evergreens,Lightly Treed
  • Survey: Larry Steele & Associates
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Possible Bedrooms: 2
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Bay, Mountain(s), Ocean
  • Lot Features: Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: County Maintained,Paved
  • RoadOnWhichSide: South
  • WaterJurisdiction: Water District 7
  • Easements: Drainfield & Conservation
  • WaterAccess: Community Waterfront/Pvt Beach

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Available, In Street
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Natural Gas Available, Electricity Available, Septic Design Applied
  • ElectricityStatus: In Street
  • GasStatus: In Street
  • SepticDesignApplied: true
  • SepticDesignInstalled: false
  • SepticSystemType: Glendon

Condo/Co-op/Association

  • Community Features: Boat Launch, Playground
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham
  • High School: Squalicum High

Lot Info

  • Parcel Number: 3803103940040000
  • Topography: Rolling
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Zoning Description: RR2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Corelogic
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 35
  • SoilFeasibilityTest: true
  • SoilTestDate: 4/13/2020

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 490

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Aug 5, 2024
Sold by
Gosda Gregory S and Gosda Jill M
Bought by
Fisher Jeffory and Fisher Allison
Seller's Agent
Gary Davidson
Windermere Real Estate Whatcom
Buyer's Agent
Allison Fisher
John L. Scott Bellingham
List Price
$270,000
Sold Price
$270,000
Views
10
Current Estimated Value
$288,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,832
Avg. Annual Appreciation
3.69%
Original Mortgage
$240,000
Outstanding Balance
$171,819
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Estimated Equity
$109,473
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
Fisher Jeffory $270,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Jeffory $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2024 08/12/24 Sold $270,000 0.0% --
07/16/2024 07/16/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $270,000 -- --
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 $490 $56,444 $56,444 --
2023 $490 $56,444 $56,444 $0
2022 $458 $50,850 $50,850 $0
2021 $393 $45,000 $45,000 $0
2020 $388 $36,168 $36,168 $0
2019 $371 $34,040 $34,040 $0
2018 $363 $32,038 $32,038 $0
2017 $345 $27,500 $27,500 $0
2016 $335 $27,500 $27,500 $0
2015 $340 $27,500 $27,500 $0
2014 -- $27,150 $27,150 $0
2013 -- $26,250 $26,250 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2241815

Northwest Multiple Listing Service (NWMLS)

APN: 380310-394004-0000