NOT LISTED FOR SALE

1707 Mount Baker Hwy Bellingham, WA 98226

Estimated Value: $580,000 - $833,000

2 Beds
1 Bath
3,285 Sq Ft
$207/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $395,000 $120 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,054/month

10 Days on Market

Highlights

  • RV Access or Parking
  • High Speed Internet
  • Wood Siding
  • Wood Flooring
  • Partially Fenced Property

About This Home

As of July 2020

Attention Investors! Great Income Producing Duplex. 3,294 sq ft of living space on over 1 acre (2nd Parcel incl. #380311010475) the outskirts of Bellingham. Unit A is 2094 sq. ft. and has 3 Bed/ 1.5 Bath. Unit B is 1200 sq. ft 3 Bed/ 1 Bath. New Roof & Gutters Installed Dec 2018. Plenty of uncovered & covered parking, a storage shed & fruit trees! Tenants Pay all utilities. Low Vacancy Rate since 2003.

Last Listed By

Jason Ferrando

Windermere Real Estate/East License #121116 Listed on: 04/23/2020

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1593245

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,240

Year Built

  • Built in 1965

Lot Details

  • 0.66 Acre Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,285 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Deming Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803110104760000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,240

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1965
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3285
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 273

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block, Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803110104760000
  • Lot Size Acres: 0.66
  • Lot Size Sq Ft: 28750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2500

Multi Family

  • Gross Scheduled Income: 30000
  • Net Operating Income: 22562
  • Number Of Units Total: 2
  • Insurance Expense: 1198
  • Leasable Area: 3294
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3240

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Jun 30, 2020
Sold by
Lehman Ric E and Lehman Veronica L
Bought by
Breeskin Laura Rose
Seller's Agent
Jason Ferrando
Windermere Real Estate/East
Buyer's Agent
Jeffery Lee
WPI Real Estate Services, Inc.
List Price
$399,000
Sold Price
$395,000
Premium/Discount to List
-$4,000
-1%
Total Days on Market
10
Current Estimated Value
$678,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,570
Avg. Annual Appreciation
13.56%
Original Mortgage
$387,845
Outstanding Balance
$347,724
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$387,860

Purchase Details

Closed on
Jul 7, 2003
Sold by
Benson Daniel Lucas
Bought by
Lehman Ric E and Lehman Veronica L

Purchase Details

Closed on
Jul 28, 2000
Sold by
Beam Erin
Bought by
Benson Daniel L

Purchase Details

Closed on
Jun 3, 1999
Sold by
Beam Erin L
Bought by
Benson Daniel

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
Breeskin Laura Rose -- Whatcom Land Title
Lehman Ric E -- --
Benson Daniel L -- Whatcom Land Title
Benson Daniel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breeskin Laura Rose $171,200
Open Breeskin Laura Rose $387,845
Previous Owner Lehman Ric E $113,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2020 07/08/20 Sold $395,000 -1.0% $120 / Sq Ft
05/03/2020 05/03/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $399,000 0.0% $121 / Sq Ft
04/27/2020 04/27/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $399,000 -- $121 / 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 $3,070 $402,641 $137,933 $264,708
2023 $3,070 $420,323 $143,990 $276,333
2022 $3,174 $420,323 $143,990 $276,333
2021 $3,179 $347,374 $119,000 $228,374
2020 $3,240 $313,162 $118,830 $194,332
2019 $2,661 $302,555 $114,810 $187,745
2018 $2,933 $268,143 $101,635 $166,508
2017 $2,732 $230,984 $87,550 $143,434
2016 $2,720 $228,741 $86,700 $142,041
2015 $2,784 $224,256 $85,000 $139,256
2014 -- $222,495 $82,000 $140,495
2013 -- $221,043 $81,920 $139,123
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1593245

Northwest Multiple Listing Service (NWMLS)

APN: 380311-010476-0000