Listed by RE/MAX Whatcom County, Inc., Bought with John L Scott Westwood
$504,000
SOLD JUL 14, 2015
-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Recently Sold

1% Above List Price

7 Days on Market

Highlights

  • Territorial View
  • Patio
  • Wall to Wall Carpet
  • Kulshan Middle School Rated A-
  • Partially Fenced Property

About This Home

As of May 2021

Investor alert! Wonderfully maintained 4 plex with excellent rental history. These 4, 2 bed 1.5 bath units have very functional floor plans, great landscaping, and fenced in back yard. Loads of off street parking and 4 bay garage (1 per unit) for vehicles or storage. Soft rents could easily be increased maximizing cash flow. Possible conversion to two duplexes. Get it before it's gone.

Last Agent to Sell the Property

Briddick Webb

RE/MAX Whatcom County, Inc. License #26476 Listed on: 05/18/2015

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Todd Williamson

John L Scott Westwood License #79561

John L Scott Westwood

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 789593

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,639

Year Built

  • Built in 1995

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property

Home Design

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

Interior Spaces

  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

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

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380320442440000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,639

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1995
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 339

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
  • Amenities: Storage

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • 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, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 3567

Schools

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

Lot Info

  • Parcel Number: 380320442440000
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 29109
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3920
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3639

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
May 10, 2021
Sold by
Resnick Adam and Resnick Kathryn
Bought by
Buchta Erik
Seller's Agent
Thomas Funk
Hamster Realty
Buyer's Agent
Geoff Mayo
KW Greater Seattle
List Price
$980,000
Sold Price
$1,000,000
Premium/Discount to List
$20,000
2.04%
Current Estimated Value
$1,183,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,160
Avg. Annual Appreciation
3.57%
Original Mortgage
$750,000
Outstanding Balance
$685,897
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$472,037

Purchase Details

Closed on
Feb 4, 2015
Sold by
Schmied Heiderose
Bought by
Resnick Adam and Resnick Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2005
Sold by
Widman Robert Carl and Widman Linda Jean
Bought by
Schmied Heiderose and Heiderose Schmied Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.9%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $1,000,000 Whatcom Land Title
Warranty Deed $504,000 Chicago Title Insurance
Warranty Deed $515,280 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Previous Owner $472,500 New Conventional
Previous Owner $378,000 Commercial
Previous Owner $120,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $1,000,000 +2.0% $250 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $980,000 +94.4% $245 / Sq Ft
07/14/2015 07/14/15 Sold $504,000 +1.4% --
05/26/2015 05/26/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $497,000 -- --
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 $7,728 $968,764 $307,880 $660,884
2023 $7,728 $993,371 $315,700 $677,671
2022 $6,313 $856,369 $272,160 $584,209
2021 $6,194 $679,658 $216,000 $463,658
2020 $5,452 $629,313 $200,000 $429,313
2019 $4,881 $535,411 $141,415 $393,996
2018 $4,915 $480,588 $126,965 $353,623
2017 $4,243 $413,772 $109,310 $304,462
2016 $3,711 $373,341 $98,090 $275,251
2015 -- $339,904 $89,590 $250,314
2014 -- $322,490 $85,000 $237,490
2013 -- $336,377 $88,200 $248,177
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 789593

Northwest Multiple Listing Service (NWMLS)

APN: 380320-442044-0000