Listed by Windermere Real Estate Whatcom, Bought with Den Finder
$470,000
SOLD MAR 10, 2017
-- Bed
-- Bath
2,478 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$190 Per Sq Ft

2% Above List Price

Highlights

  • Deck
  • Territorial View
  • Property is in very good condition
  • Squalicum High School Rated A-
  • High Speed Internet
  • Partially Fenced Property

About This Home

As of March 2018

Great duplex in excellent condition! Two units, each has 3 nice-sized bedrooms, 1.5 baths, and 2-car garages plus additional off-street parking. Low maintenance exterior with nice Trex decks and vinyl siding, and no lawn. Perfect central location! Excellent investment opportunity. One unit is currently vacant for easy showings, one unit has long-time tenants that are currently month-to-month. Professional inspection completed, items corrected. With rents at market value cap rate would be 5.5

Last Agent to Sell the Property

Kurt Swanson

Windermere Real Estate Whatcom License #21247 Listed on: 01/20/2017

Windermere Real Estate Whatcom

Co-Listed By

Brad Howell

Windermere Real Estate Whatcom License #114717

Last Buyer's Agent

Josh Baijot

Den Finder License #11495

Den Finder

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1060274

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,109

Year Built

  • Built in 2001

Lot Details

  • 10,019 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

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

Interior Spaces

  • 2,478 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Rooseveltelem Elementary School
  • Shuksan Mid Middle School
  • Squalicum High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Roosevelt Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 3803203772440000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,109

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2001
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2478
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3783

Schools

  • Junior High Dist: Bellingham
  • High School: Squalicum High
  • Middle Or Junior School: Shuksan Mid

Lot Info

  • Parcel Number: 3803203772440000
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2315

Multi Family

  • Gross Scheduled Income: 27780
  • Net Operating Income: 20735
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 2476
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3109

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2018
Closed on
Mar 1, 2018
Sold by
Nightingale Zackry
Bought by
Waite Gary R and Waite Margery L
Seller's Agent
Josh Baijot
Den Finder
Buyer's Agent
Jennifer Glyzinski
Keller Williams Western Realty
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$876,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,458
Avg. Annual Appreciation
7.13%

Purchase Details

Listed on
Jan 20, 2017
Closed on
Mar 3, 2017
Sold by
Bickel Dwight A and Vergason Lucinda J
Bought by
Nightingale Zackry
Seller's Agent
Kurt Swanson
Windermere Real Estate Whatcom
Buyer's Agent
Josh Baijot
Den Finder
List Price
$459,000
Sold Price
$470,000
Premium/Discount to List
$11,000
2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Original Mortgage
$446,500
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2005
Sold by
Hinkelman Nancy and Gray Nancy Jean
Bought by
Bickel Dwight and Vergason Lucinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 2002
Sold by
Gray Steven Kenneth
Bought by
Gray Nancy Jean
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $525,000 Chicago Title Ins
Warranty Deed $470,000 Chicago Title Co
Warranty Deed $385,280 Whatcom Land Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $446,500 New Conventional
Previous Owner $308,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $525,000 0.0% $212 / Sq Ft
02/24/2018 02/24/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $525,000 +11.7% $212 / Sq Ft
03/10/2017 03/10/17 Sold $470,000 +2.4% $190 / Sq Ft
02/05/2017 02/05/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $459,000 0.0% $185 / Sq Ft
01/25/2017 01/25/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $459,000 -- $185 / 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 $6,493 $813,835 $246,304 $567,531
2023 $6,493 $834,506 $252,560 $581,946
2022 $5,303 $719,414 $217,728 $501,686
2021 $5,203 $570,964 $172,800 $398,164
2020 $4,568 $528,670 $160,000 $368,670
2019 $4,089 $448,615 $134,760 $313,855
2018 $4,118 $402,683 $120,990 $281,693
2017 $3,554 $346,699 $104,166 $242,533
2016 $3,109 $312,737 $93,474 $219,263
2015 $3,049 $284,773 $85,374 $199,399
2014 -- $270,183 $81,000 $189,183
2013 -- $335,116 $81,375 $253,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1060274

Northwest Multiple Listing Service (NWMLS)

APN: 380320-377244-0000