Great location next to Barkley Village and Sunset Square. Short drive from downtown and multiple schools. Many biking and walking trails in the area. Perfect investment opportunity for anyone interested in renting it out.
Bellwether Real EstateLicense #2871Listed on: 08/17/2017
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1180379
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,949
Year Built
Built in 1998
Lot Details
6,970
Home Design
Duplex
Composition Roof
Vinyl Construction Material
Interior Spaces
3,112 Sq Ft Home
2-Story Property
Parking
4 Parking Spaces
2 Covered Spaces
Open Parking
Schools
Rooseveltelem Elementary School
Whatcom Mid Middle School
Squalicum High School
Additional Features
6,970 Sq Ft Lot
Natural Gas Connected
Community Details
Labrador Short Plat Condos
Barkley Subdivision
Listing and Financial Details
Tax Lot 4
Assessor Parcel Number 3803203512620000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,949
Year Built
Built in 1998
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 52 - Duplex
Year Built: 1998
Buyer Agency Compensation: 3
MLS Status: Sold
Prev Status: Closed
Building Name: Labrador Short Plat
New Construction: No
CalculatedSquareFootage: 3112
Special Features: None
Interior Features
Fireplace: No
Interior Amenities: Forced Air
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition
View: No
Waterfront: No
Exterior Features: Metal/Vinyl
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
Utilities: Sewer Connected, Electric, Natural Gas Connected
PowerCompany: PSE
SewerCompany: SSC
WaterCompany: Public
WaterSewerGarbage: 1312
Schools
Junior High Dist: Bellingham
High School: Squalicum High
Middle Or Junior School: Whatcom Mid
Lot Info
Parcel Number: 3803203512620000
Lot Size Acres: 0.16
Lot Size Sq Ft: 6970
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
MLSLotSizeSource: Realist
ZoningJurisdiction: City
LotNumber: 4
Green Features
Power Production Type: Electric, Natural Gas
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 172
LeasedItems: None
TotalMonthlyIncome: 1200
Multi Family
Gross Scheduled Income: 288000
Net Operating Income: 21313
Number Of Units Total: 6
Insurance Expense: 2389
Leasable Area: 3112
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2017
Tax Annual Amount: 3949
MLS Schools
Elementary School: RooseveltElem
Ownership History
DateNameOwned ForOwner Type
Sep 2020 - PresentWark Ann T4 Years and 8 Months
Private Individual
Purchase Details
Closed on
Sep 23, 2020
Sold by
Wark Joel C and Wark Ann T
Bought by
Wark Ann T
Total Days on Market
0
Current Estimated Value
$897,426
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Outstanding Balance
$298,613
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$591,777
Aug 2017 - Sep 2020Young Monte and Young Lisa3 Years and 1 Month
Private Individual
Purchase Details
Listed on
Aug 17, 2017
Closed on
Aug 15, 2017
Sold by
Vernon Platt
Bought by
Young Monte and Young Lisa
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Monte Young
Bellwether Real Estate
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$337,500
Interest Rate
3.9%
Dec 2006 - Aug 2017Platt & Yang 2000 Revocable Trust10 Years and 8 Months
Private Individual
Purchase Details
Closed on
Dec 11, 2006
Sold by
Platt Vernon Harry and Yang Lilly
Bought by
Platt & Yang 2000 Revocable Trust
Jun 2001 - Dec 2006Platt Vernon H5 Years and 6 Months
Private Individual
Purchase Details
Closed on
Jun 15, 2001
Sold by
Yang Lily
Bought by
Platt Vernon H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.65%
Nov 2000 - Jun 2001Count Your Fries Investments Llc7 Months
Company
Purchase Details
Closed on
Nov 20, 2000
Sold by
Maris William J and Maris Paula M
Bought by
Count Your Fries Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,660
Interest Rate
7.86%
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 1704 E Illinois St, Bellingham, WA 98226 since 17 August 2017 and is currently estimated at $897,426, approximately $288 per square foot. This property was built in 1998. 1704 E Illinois St is a home located in Whatcom County with nearby schools including Sunnyland Elementary School, Shuksan Middle School, and Squalicum High School.
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