NOT LISTED FOR SALE

Estimated Value: $1,162,000 - $1,305,886

2 Beds
1 Bath
3,264 Sq Ft
$374/Sq Ft Est. Value

Last Sold December 16, 2019

Last sale price $825,000 $253 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,224/month

87 Days on Market

Highlights

  • 0.58 Acre Lot
  • Deck
  • High Speed Internet
  • Kulshan Middle School Rated A-
  • Territorial View
  • Wall to Wall Carpet

About This Home

As of December 2019

Attention investors looking for future development potential & current income from a well maintained 4-plex on a .58 acre lot. Possibility to subdivide into two-lot short plat to construct 2 duplexes or another 4-plex. This property has had just one owner and is never vacant. 2 units ready for renewal with chance to adjust leases to fair market rent of $1150-$1200. Units are 2 bedrooms with decks and laundry. Property is centrally located while tucked away off street near a park & very quiet.

Last Agent to Sell the Property

Christine Farkas

BHHS Bayside Realty License #24115 Listed on: 08/14/2019

BHHS Bayside Realty

Last Buyer's Agent

Joshua Shiflett

Windermere Real Estate Whatcom License #24084

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1504333

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,236

Year Built

  • Built in 1988

Lot Details

  • 0.58 Acre Lot
  • Street terminates at a dead end

Home Design

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

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Rooseveltelem Elementary School
  • Kulshan Mid Middle School
  • Bellingham High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Texas Short Plat Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 3803203570150000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,236

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1988
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Texas Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 3264
  • Special Features: None
  • Cumulative Days on Market: 316

Interior Features

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

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 4116

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Kulshan Mid

Lot Info

  • Parcel Number: 3803203570150000
  • Lot Size Acres: 0.58
  • Lot Size Sq Ft: 25265
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4500

Multi Family

  • Gross Scheduled Income: 41100
  • Net Operating Income: 28752
  • Number Of Units Total: 6
  • Electric Expense: 120
  • Insurance Expense: 1396
  • Leasable Area: 3264
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6236

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Dec 5, 2019
Sold by
Dixon J C J and Dixon Florence M
Bought by
Scott Zachary C and Birch Sarah E
Seller's Agent
Christine Farkas
BHHS Bayside Realty
Buyer's Agent
Joshua Shiflett
Windermere Real Estate Whatcom
List Price
$875,000
Sold Price
$825,000
Premium/Discount to List
-$50,000
-5.71%
Total Days on Market
87
Current Estimated Value
$1,219,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,472
Avg. Annual Appreciation
7.76%
Original Mortgage
$525,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Scott Zachary C $825,000 Whatcom Land Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birch Sarah E $1,908,601
Closed Scott Zachary C $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $825,000 -5.7% $253 / Sq Ft
11/09/2019 11/09/19 Pending -- -- --
11/05/2019 11/05/19 Price Changed $875,000 0.0% $268 / Sq Ft
11/05/2019 11/05/19 For Sale $875,000 -2.2% $268 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
10/12/2019 10/12/19 For Sale $895,000 0.0% $274 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $895,000 -- $274 / 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 $9,027 $1,131,659 $423,335 $708,324
2023 $9,027 $1,160,403 $434,088 $726,315
2022 $7,375 $1,000,365 $374,220 $626,145
2021 $7,235 $793,940 $297,000 $496,940
2020 $6,966 $735,130 $275,000 $460,130
2019 $6,236 $684,102 $316,103 $367,999
2018 $6,280 $614,093 $283,803 $330,290
2017 $5,414 $528,713 $244,340 $284,373
2016 $4,739 $476,349 $219,260 $257,089
2015 $4,647 $434,058 $200,260 $233,798
2014 -- $411,820 $190,000 $221,820
2013 -- $353,611 $176,400 $177,211
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1504333

Northwest Multiple Listing Service (NWMLS)

APN: 380320-357015-0000