Listed by Frank J Meyer Real Estate, Bought with John L. Scott Bellingham
NOT LISTED FOR SALE

1622 Runge Ave Blaine, WA 98230

Estimated Value: $944,000 - $1,028,000

12 Beds
6 Baths
3,460 Sq Ft
$285/Sq Ft Est. Value

Last Sold March 24, 2015

Last sale price $241,500 $70 Per Sq Ft

Est. 309% increase in value since last sale

Current estimated payment $5,608/month

40 Days on Market

About This Home

As of March 2015

4-plex investment opportunity. Vacant. 2 story building, each unit 1 level. Each unit has detached storage unit. Great location just off I-5, easy access to freeway & Canadian border. Good rental property. Previous rents $695 per unit. Good cash flow, several multifamily units in the neighborhood. Seller has identified the property for on-line Auction by Homesearch. Online auction terms, event agreement, registration for online auction at Homesearch./help. All bids/offers to Homesearch.

Last Agent to Sell the Property

Frank Meyer

Frank J Meyer Real Estate License #4424 Listed on: 01/06/2015

Frank J Meyer Real Estate

Last Buyer's Agent

Cal Leenstra

John L. Scott Bellingham License #8979

John L. Scott Bellingham

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 729140

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,510

Year Built

  • Built in 1997

Lot Details

  • 9,583 Sq Ft Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,460 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Stepner's Replat Lot 2 Condos
  • Blaine Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4001074703700000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,510

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1997
  • Buyer Agency Compensation: 1%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Stepner's Replat Lot 2
  • New Construction: No
  • CalculatedSquareFootage: 3460
  • SOCComments: Auction Commission
  • Special Features: Auction

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: City of Blaine
  • SewerCompany: City of Blaine
  • WaterCompany: Community

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: Blaine
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 4001074703700000
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1
  • LeasedItems: None
  • TotalMonthlyIncome: 2780

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3510

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 1
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2015
Closed on
Feb 24, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Vogel Jerry and Vogel Tami
Seller's Agent
Frank Meyer
Frank J Meyer Real Estate
Buyer's Agent
Cal Leenstra
John L. Scott Bellingham
List Price
$311,900
Sold Price
$241,500
Premium/Discount to List
-$70,400
-22.57%
Current Estimated Value
$987,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,500
Avg. Annual Appreciation
14.05%

Purchase Details

Closed on
Sep 16, 2014
Sold by
Denson Ben R and Denson Nina
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Sep 19, 2003
Sold by
Mercedes Holdings Inc
Bought by
Denson Ben R and Denson Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2002
Sold by
Stormo Emmet J and Stormo Marsha L
Bought by
Mercedes Holdings Inc

Purchase Details

Closed on
Nov 20, 2000
Sold by
Mercedes Holdings Inc
Bought by
Stormo Emmet J and Stormo Marsha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vogel Jerry $241,500 First American Title Ins
Nationstar Mortgage Llc -- Whatcom Land Title
Denson Ben R $285,000 Whatcom Land Title
Mercedes Holdings Inc -- Chicago Title Insurance
Mercedes Holdings Inc -- Chicago Title Insurance
Stormo Emmet J $300,000 Charter Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Denson Ben R $228,000
Previous Owner Stormo Emmet J $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2015 03/24/15 Sold $241,500 -22.6% $70 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
01/08/2015 01/08/15 For Sale $311,900 -- $90 / 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 $5,189 $770,973 $222,000 $548,973
2023 $5,189 $770,973 $222,000 $548,973
2022 $5,215 $694,570 $200,000 $494,570
2021 $4,973 $597,539 $165,140 $432,399
2020 $4,732 $519,599 $143,600 $375,999
2019 $4,407 $475,817 $131,500 $344,317
2018 $4,096 $432,396 $119,500 $312,896
2017 $3,652 $361,838 $100,000 $261,838
2016 $3,626 $361,838 $100,000 $261,838
2015 $3,553 $346,609 $82,303 $264,306
2014 -- $331,695 $78,761 $252,934
2013 -- $328,078 $77,900 $250,178
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2015

    Frank Meyer

    Frank J Meyer Real Estate

    Section Image
  • Cal Leenstra

    Buyer's Agent in 2015

    Cal Leenstra

    John L Scott

    (360) 201-9120

    7 Total Sales

    Cal Leenstra
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 729140

Northwest Multiple Listing Service (NWMLS)

APN: 400107-470370-0000

Washington Whatcom County Blaine 98230

1622 Runge Ave, Blaine, WA

Not Listed for Sale

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Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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