Listed by Pettruzzelli Inc, Bought with Madrona Residential RE
$515,000
SOLD DEC 18, 2019
-- Bed
-- Bath
2,104 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$245 Per Sq Ft

6 Days on Market

Highlights

  • Mountain View
  • Deck
  • Patio
  • Bellingham High School Rated A
  • Corner Lot
  • High Speed Internet

About This Home

As of December 2019

Own This Classic Duplex in Desirable Lettered Streets Neighborhood.Well maintained,and with recent remodeling,each of the units has its own laundry rm and lots of desirable characteristics.The lower unit is a 1BR,1BA w fresh kitchen,pass-thru/eating bar,generous living rm. Upper unit has 3BR,1.5BA & includes a 400SF loft/attic living area w loads of character.There's a fab view deck and peek-a-boos of the bay. The building is on a corner lot across from Fouts Park.Cap rate is 6%,annual leases.

Last Agent to Sell the Property

Erik Pedersen

Pettruzzelli Inc License #2846 Listed on: 09/19/2019

Last Buyer's Agent

Miranda Lock

Madrona Residential RE License #22018385

Madrona Residential RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1521442

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,679

Year Built

  • Built in 1890

Lot Details

  • 3,049 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,104 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Parkview Elementary School
  • Whatcom Mid Middle School
  • Bellingham High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lettered Streets Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803300395170000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,679

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1890
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2104
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1750

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 3803300395170000
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3049
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 31983
  • Number Of Units Total: 6
  • Insurance Expense: 1000
  • Leasable Area: 2104
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3679

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2019
Closed on
Dec 12, 2019
Sold by
Goodwin Zachary P and Estate Of Mollie Janicki
Bought by
Lowery Ryan C and Lowery Eryn M
Seller's Agent
Erik Pedersen
Pettruzzelli Inc
Buyer's Agent
Miranda Lock
Madrona Residential RE
List Price
$515,000
Sold Price
$515,000
Current Estimated Value
$824,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,925
Avg. Annual Appreciation
8.18%
Original Mortgage
$386,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 30, 2017
Sold by
Neischalk Dennis Allen and Baker Craig Steven
Bought by
Estate Of Jean D Baker
Seller's Agent
Judy Bracken-Commissaris
Keller Williams Western Realty
Buyer's Agent
Anthony Zapata
Keller Williams Western Realty
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$392,755
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 24, 2017
Sold by
Baker Niles and Estate Of Jean D Baker
Bought by
Janicki Mollie and Goodwin Zachary P
Seller's Agent
Judy Bracken-Commissaris
Keller Williams Western Realty
Buyer's Agent
Anthony Zapata
Keller Williams Western Realty
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2011
Sold by
Baker Jean D
Bought by
Baker Jean D

Purchase Details

Closed on
Mar 21, 2008
Sold by
Baker Jean D
Bought by
Baker Jean D

Purchase Details

Closed on
Jul 10, 2006
Sold by
Baker Jean D
Bought by
Baker Jean Dolors

Purchase Details

Closed on
Sep 3, 1999
Sold by
Baker Jean D
Bought by
Baker Jean D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
7.66%
Source: Public Records

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Range of Values:

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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 $515,000 Chicago Title Company Of Wa
Interfamily Deed Transfer -- Chicago Title Insurance
Warranty Deed $400,000 Chicago Title Insurance
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,000 New Conventional
Closed $386,250 New Conventional
Previous Owner $392,755 FHA
Previous Owner $47,500 Stand Alone Second
Previous Owner $173,000 Unknown
Previous Owner $116,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2019 12/18/19 Sold $515,000 0.0% $245 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $515,000 +28.8% $245 / Sq Ft
10/30/2017 10/30/17 Sold $400,000 -4.8% $198 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $420,000 -- $208 / 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 $5,665 $709,922 $246,304 $463,618
2023 $5,665 $727,954 $252,560 $475,394
2022 $4,626 $627,557 $217,728 $409,829
2021 $4,539 $498,061 $172,800 $325,261
2020 $4,110 $461,168 $160,000 $301,168
2019 $3,679 $403,621 $124,778 $278,843
2018 $3,705 $362,298 $112,028 $250,270
2017 $3,198 $311,927 $96,450 $215,477
2016 $2,797 $281,354 $86,550 $194,804
2015 $2,743 $256,205 $79,050 $177,155
2014 -- $243,079 $75,000 $168,079
2013 -- $219,335 $73,500 $145,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1521442

Northwest Multiple Listing Service (NWMLS)

APN: 380330-039517-0000