NOT LISTED FOR SALE

Estimated Value: $716,464

3 Beds
2 Baths
2,020 Sq Ft
$355/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $620,000 $307 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,395/month

14 Days on Market

Highlights

  • Vinyl Plank Flooring
  • High Speed Internet
  • Wood Siding
  • Bellingham High School Rated A
  • Property is Fully Fenced

About This Home

As of December 2021

Commercial Tri-Plex, great location! Excellent cash flow even through the pandemic. Strong nearly 6% cap rate. Building renovated in 2019. Upgrades include flooring, cabinets, insulation, plumbing, electrical, paint & more. Layout includes 3 separate units, each with bathrooms and kitchenettes. ADA accessible off street parking and behind building and on street parking in front. Easy access downtown Bellingham, very close to Kulshan Brewery, Trader Joes, Hardware Sales. And Starbucks and Woods Coffee are your neighbors. Ideal buyer has cash or is capable of qualifying for a commercial loan. Low maintains property.

Last Agent to Sell the Property

Brent Wolters

Best Choice Realty LLC License #116648 Listed on: 11/10/2021

Best Choice Realty LLC

Co-Listed By

Kate Savchuk

Best Choice Realty LLC License #139775

Last Buyer's Agent

Emmeline Sheu

HomeSmart Real Estate Assoc License #20123825

HomeSmart Real Estate Assoc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1863541

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,468

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Triplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,020 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet

Community Details

  • Sunnyland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803305583870000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,468

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2020
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour
  • Cumulative Days on Market: 287

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Property Condition: Good
  • Structure Type: Triplex

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: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1756

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803305583870000
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gas Available,High Speed Internet
  • MLSLotSizeSource: Matrix
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4065

Multi Family

  • Gross Scheduled Income: 49380
  • Net Operating Income: 39716
  • Number Of Units Total: 3
  • Electric Expense: 2281
  • Insurance Expense: 1159
  • Leasable Area: 2020
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4468

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 16, 2021
Sold by
Db Real Estate Holdings Llc
Bought by
1922 James St Llc
Seller's Agent
Brent Wolters
Best Choice Realty LLC
Buyer's Agent
Emmeline Sheu
HomeSmart Real Estate Assoc
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%
Total Days on Market
14
Current Estimated Value
$716,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,464
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Mar 3, 2021
Sold by
Burdette Deidre
Bought by
Db Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2019
Sold by
Lind Petersen Borge
Bought by
Burdette Deldre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,850
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2015
Sold by
Rejam 2003 Llc
Bought by
Lind Petersen Borge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 7, 2003
Sold by
May Calvin C and May Clyde L
Bought by
Rejam 2003 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.22%
Mortgage Type
Seller Take Back
Source: Public Records

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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
1922 James St Llc $620,000 Chicago Title
1922 James St Llc $620,000 Chicago Title
Db Real Estate Holdings Llc -- Chicago Title Co Of Wa
Burdette Deldre -- None Available
Lind Petersen Borge $275,000 Chicago Title Insurance
Rejam 2003 Llc $120,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1922 James Street Llc $428,148
Previous Owner Db Real Estate Holdings Llc $435,000
Previous Owner Burdette Deidre $400,000
Previous Owner Lindpetersen Borge $338,850
Previous Owner Lind Petersen Borge $215,000
Previous Owner Rejam 2003 Llc $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $620,000 -4.6% $307 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $650,000 -- $322 / 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 $4,472 $574,522 $253,080 $321,442
2023 $4,472 $574,522 $253,080 $321,442
2022 $4,217 $517,587 $228,000 $289,587
2021 $4,468 $454,024 $200,000 $254,024
2020 $2,530 $454,024 $200,000 $254,024
2019 $2,344 $248,485 $123,640 $124,845
2018 $2,703 $230,799 $114,840 $115,959
2017 $2,586 $227,572 $113,234 $114,338
2016 $2,484 $227,572 $113,234 $114,338
2015 $2,494 $227,572 $113,234 $114,338
2014 -- $221,072 $110,000 $111,072
2013 -- $225,599 $107,800 $117,799
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1863541

Northwest Multiple Listing Service (NWMLS)

APN: 380330-558387-0000