Listed by RE/MAX Whatcom County, Inc., Bought with Muljat Group
NOT LISTED FOR SALE

Estimated Value: $876,000 - $1,103,114

3 Beds
2 Baths
2,356 Sq Ft
$415/Sq Ft Est. Value

Last Sold June 08, 2015

Last sale price $430,000 $183 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $5,869/month

6 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Wall to Wall Carpet
  • Fairhaven Middle School Rated A-
  • High Speed Internet

About This Home

As of June 2015

Investor gem! This well built, spacious duplex consists of 2, 3 bedroom, 2 bath units, both in good condition. This corner lot property contains newer decks, painted trim and other updated features. In addition to the 2,356 sq ft of living space, there's an abundance of parking and storage with a large three car garage and enough room for 5-6 cars in the driveway. Within walking distance to WWU, Fairhaven, parks and bus lines. Vacancy rate will be next to zero with proximity to university.

Last Agent to Sell the Property

Briddick Webb

RE/MAX Whatcom County, Inc. License #26476 Listed on: 04/20/2015

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Michael Bredeson

Muljat Group License #21023393

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 774396

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,072

Year Built

  • Built in 1993

Lot Details

  • 7,405 Sq Ft Lot
  • Street terminates at a dead end
  • Corner Lot
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Happy Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3702124935780000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,072

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1993
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: VirtualTour
  • Cumulative Days on Market: 356

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1444

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3702124935780000
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 31800
  • Net Operating Income: 23321
  • Number Of Units Total: 2
  • Electric Expense: 88
  • Insurance Expense: 700
  • Leasable Area: 2324
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4072

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2016
Sold by
Bombard Todd
Bought by
Richmond Am Holdings Llc
Current Estimated Value
$976,779

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 5, 2015
Sold by
Schmied Wolfgang
Bought by
Bombard Todd
Seller's Agent
Briddick Webb
RE/MAX Whatcom County, Inc.
Buyer's Agent
Michael Bredeson
Muljat Group
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%
Original Mortgage
$322,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 4, 2015
Sold by
Bombard Michellene
Bought by
Bombard Todd
Seller's Agent
Briddick Webb
RE/MAX Whatcom County, Inc.
Buyer's Agent
Michael Bredeson
Muljat Group
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2008
Sold by
Schmied Heiderose
Bought by
Schmied Wolfgang

Purchase Details

Closed on
Dec 10, 1998
Sold by
Schmied Gisela E
Bought by
Schmied Gisela E and The Gisela E Schmied Living Trust
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
Richmond Am Holdings Llc -- None Available
Bombard Todd $430,000 Whatcom Land Title
Bombard Todd -- Whatcom Land Title
Schmied Wolfgang -- None Available
Schmied Gisela E -- --
Schmied Gisela E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bombard Todd $322,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2015 06/08/15 Sold $430,000 0.0% $183 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $430,000 -- $183 / 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 $8,221 $1,020,208 $397,009 $623,199
2023 $8,221 $1,056,683 $411,203 $645,480
2022 $6,770 $899,310 $349,962 $549,348
2021 $6,432 $725,269 $282,235 $443,034
2020 $6,320 $636,197 $247,573 $388,624
2019 $5,155 $603,888 $235,000 $368,888
2018 $5,330 $493,945 $169,260 $324,685
2017 $4,703 $438,446 $150,240 $288,206
2016 $4,282 $403,788 $138,240 $265,548
2015 -- $382,994 $131,040 $251,954
2014 -- $364,745 $124,800 $239,945
2013 -- $346,577 $120,000 $226,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 774396

Northwest Multiple Listing Service (NWMLS)

APN: 370212-493578-0000