Listed by COMPASS, Bought with NextHome 365 Realty
NOT LISTED FOR SALE

1600 E Hazel Ave Unit 1602 Burlington, WA 98233

Estimated Value: $492,000 - $589,000

4 Beds
1 Bath
1,784 Sq Ft
$295/Sq Ft Est. Value

Last Sold December 14, 2022

Last sale price $460,000 $258 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,110/month

26 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 1-Story Property
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of December 2022

The duplex you've been waiting for! Located in a quiet part of Burlington next to parks and trail's this one level duplex is the perfect investment. Each unit features 2BD 1BA with 892 SF of living space, washer and dryer in each unit and an attached 1 car garage. 1602 unit has been recently updated with newer kitchen cabinets, counters and tile flooring, new baseboard heaters, newer paint and the bathroom has been updated. Both units have newer hot water heaters. Large 13,455 SF lot has tons of potential, currently each unit has a small fenced in back yard but could be vastly expanded with a new fence. Current rents make this a solid investment of a 5.7% CAP, if rents were brought up to market rents it would be a 7.2 CAP.

Last Agent to Sell the Property

Galen Hirss

COMPASS License #111047 Listed on: 10/13/2022

COMPASS

Co-Listed By

Rom Hirss

COMPASS License #119812

Last Buyer's Agent

Scott Friedl

NextHome 365 Realty License #112580

NextHome 365 Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2006759

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,190

Year Built

  • Built in 1973

Lot Details

  • 0.31 Acre Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,784 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number P72651

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,190

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1784
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: PUD
  • WaterSewerGarbage: 2136

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Burlington

Lot Info

  • Parcel Number: P72651
  • Lot Size Acres: 0.3089
  • Lot Size Sq Ft: 13455
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.8
  • LeasedItems: None
  • TotalMonthlyIncome: 2525

Multi Family

  • Gross Scheduled Income: 30300
  • Net Operating Income: 24099
  • Number Of Units Total: 2
  • Insurance Expense: 875
  • Leasable Area: 1784
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3190

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Dec 2, 2022
Sold by
Augusten Maura and Augusten Joseph
Bought by
Snider Marshal
Seller's Agent
Galen Hirss
COMPASS
Buyer's Agent
Scott Friedl
NextHome 365 Realty
List Price
$479,000
Sold Price
$460,000
Premium/Discount to List
-$19,000
-3.97%
Views
37
Current Estimated Value
$526,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,923
Avg. Annual Appreciation
4.97%
Original Mortgage
$451,668
Outstanding Balance
$438,115
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$88,808

Purchase Details

Listed on
Apr 3, 2018
Closed on
Apr 16, 2018
Sold by
Uhrhan Carol A
Bought by
Augusten Maura and Augusten Joseph
Seller's Agent
Spencer Flannery
RE/MAX Whatcom County, Inc.
List Price
$239,000
Sold Price
$250,000
Premium/Discount to List
$11,000
4.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.98%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Snider Marshal -- Chicago Title
Augusten Maura $250,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snider Marshal $451,668
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2022 12/14/22 Sold $460,000 +0.2% $258 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
10/24/2022 10/24/22 Price Changed $459,000 -4.2% $257 / Sq Ft
10/13/2022 10/13/22 For Sale $479,000 +91.6% $268 / Sq Ft
04/18/2018 04/18/18 Sold $250,000 +4.6% $140 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $239,000 +29.2% $134 / Sq Ft
06/13/2014 06/13/14 Sold $185,000 +2.8% $104 / Sq Ft
04/26/2014 04/26/14 Pending -- -- --
04/21/2014 04/21/14 For Sale $179,950 -- $101 / 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 $3,802 $479,300 $269,700 $209,600
2023 $3,802 $459,200 $250,900 $208,300
2022 $3,191 $501,300 $261,000 $240,300
2021 $2,964 $336,800 $148,000 $188,800
2020 $2,988 $290,000 $0 $0
2019 $2,567 $275,200 $0 $0
2018 $2,910 $248,700 $0 $0
2017 $2,607 $219,200 $0 $0
2016 $2,250 $200,800 $85,000 $115,800
2015 $2,163 $185,000 $88,200 $96,800
2013 $2,579 $154,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2006759

Northwest Multiple Listing Service (NWMLS)

APN: P72651