Listed by Windermere Real Estate Whatcom, Bought with Windermere Real Estate Whatcom
NOT LISTED FOR SALE

Estimated Value: $927,000 - $1,111,000

2 Beds
4 Baths
3,240 Sq Ft
$317/Sq Ft Est. Value

Last Sold March 21, 2014

Last sale price $374,000 $115 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $5,900/month

115 Days on Market

Highlights

  • Deck
  • Territorial View
  • Property is in very good condition
  • Kulshan Middle School Rated A-
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of March 2014

Excellent, 4-plex Rental Investment with a GREAT RENTAL HISTORY. Well maintained building with vinyl siding and 8 private parking spaces and large partially fenced yard. All units are 2 BR/1 BA, ceiling fans, dishwashers, washers & dryers. Upper units have vaulted ceilings & arched windows. All units have new private Trex decks and railings. Centrally located & close to Downtown. Currently rents are below market.

Last Agent to Sell the Property

Lesli Tatro Beasley

Windermere Real Estate Whatcom License #92235 Listed on: 10/28/2013

Windermere Real Estate Whatcom

Last Buyer's Agent

Jim Fleishman

Windermere Real Estate Whatcom License #101394

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 560299

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,552

Year Built

  • Built in 1988

Lot Details

  • 8,712 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

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

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

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

Additional Features

  • Deck
  • High Speed Internet

Community Details

  • Texas Sp/Lla Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 3803203580270000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,552

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 SP/LLA
  • New Construction: No
  • CalculatedSquareFootage: 3240
  • Special Features: None
  • Cumulative Days on Market: 453

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
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

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: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3621

Schools

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

Lot Info

  • Parcel Number: 3803203580270000
  • Lot Size Acres: 0.2
  • Lot Size: 81712
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2667

Multi Family

  • Gross Scheduled Income: 32400
  • Net Operating Income: 19170
  • Number Of Units Total: 4
  • Electric Expense: 12
  • Insurance Expense: 912
  • Leasable Area: 3240
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 2552

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2023
Sold by
Saadat Ryan
Bought by
Saadat Family Trust and Saadat
Current Estimated Value
$954,091

Purchase Details

Listed on
Oct 28, 2013
Closed on
Mar 11, 2014
Sold by
Daves Alan D
Bought by
The Saadat Family Trust
Seller's Agent
Lesli Tatro Beasley
Windermere Real Estate Whatcom
Buyer's Agent
Jim Fleishman
Windermere Real Estate Whatcom
List Price
$400,000
Sold Price
$374,000
Premium/Discount to List
-$26,000
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Jan 12, 2007
Sold by
Brawford Dennis A
Bought by
Daves Alan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2000
Sold by
Brawford Dennis A
Bought by
Brawford Dennis A and Dennis A Brawford Revocable Living Trust
Source: Public Records

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
Saadat Family Trust $313 None Listed On Document
The Saadat Family Trust $374,280 Chicago Title Insurance
Daves Alan D $437,780 Stewart Title Company
Brawford Dennis A -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daves Alan D $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2014 03/21/14 Sold $374,000 -6.5% $115 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
10/28/2013 10/28/13 For Sale $400,000 -- $123 / 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 $8,107 $1,016,204 $307,880 $708,324
2023 $8,107 $1,042,015 $315,700 $726,315
2022 $6,622 $898,305 $272,160 $626,145
2021 $6,497 $712,940 $216,000 $496,940
2020 $5,272 $660,130 $200,000 $460,130
2019 $4,720 $517,732 $149,733 $367,999
2018 $4,753 $464,723 $134,433 $330,290
2017 $4,102 $400,113 $115,740 $284,373
2016 $3,588 $360,949 $103,860 $257,089
2015 $3,518 $328,658 $94,860 $233,798
2014 -- $311,820 $90,000 $221,820
2013 -- $265,411 $88,200 $177,211
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 560299

Northwest Multiple Listing Service (NWMLS)

APN: 380320-358027-0000