NOT LISTED FOR SALE

2059 Salam Loop Ferndale, WA 98248

Estimated Value: $470,000 - $504,589

3 Beds
3 Baths
1,595 Sq Ft
$306/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $455,000 $285 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,982/month

15 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Storm Windows
  • Territorial View
  • 2 Car Attached Garage
  • Patio

About This Home

As of April 2023

Almost new townhome, ideal for investment, or for yourself! Located in a quiet setting off back off of the main street, yet walk-able to all of downtown Ferndale amenities, parks & schools. Features include hard-to-find 2 car garage, low maintenance vinyl plank flooring & efficient heat pumps upstairs w/A/C. Floor plan includes 1 bed 1 bath on main floor (plumbed for kitchenette as well) & 2 bed 2 baths up. These are residential townhomes (no HOA!) that can be purchased individually or as a tri-plex. This is a low maintenance lifestyle for living in, or an amazing investment. Property tax exemption on development & current rents offer excellent cash flow! Rents raising to reach a 6.0% cap rate.

Last Agent to Sell the Property

Paul Balzotti

John L. Scott Bellingham License #52322 Listed on: 02/23/2023

John L. Scott Bellingham

Last Buyer's Agent

Galen Hirss

COMPASS License #111047

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2038703

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $591

Year Built

  • Built in 2021

Lot Details

  • 2,178 Sq Ft Lot
  • Street terminates at a dead end
  • Level Lot
  • Garden
  • Property is in very good condition

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,595 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Ferndale High School

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 390220009038000

Home Details

Home Type

Single Family

Est. Annual Taxes

$591

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2021
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1595
  • SeniorExemption: false
  • Special Features: NewHome
  • Cumulative Days on Market: 796

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 3
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window
  • Living Area: 1595
  • Main Level Bedrooms: 1
  • Bathrooms: 3
  • BathsFullMain: 1
  • SquareFootageFinished: 1595
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 3
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Heat Pump, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Ferndale
  • WaterCompany: City of Ferndale
  • WaterHeaterLocation: Garage
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Ferndale
  • High School: Ferndale High

Lot Info

  • Parcel Number: 390220009038000
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Builder

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 591

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Apr 12, 2023
Sold by
4Th Street Apartments Llc
Bought by
Parmar Bhrigu Rishi and Parmar Neha
Seller's Agent
Paul Balzotti
John L. Scott Bellingham
Buyer's Agent
Galen Hirss
COMPASS
List Price
$472,500
Sold Price
$455,000
Premium/Discount to List
-$17,500
-3.7%
Total Days on Market
15
Views
6
Current Estimated Value
$487,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,397
Avg. Annual Appreciation
3.27%
Original Mortgage
$280,000
Outstanding Balance
$273,387
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$214,010

Purchase Details

Closed on
May 28, 2021
Sold by
Baya Pip Xv Llc
Bought by
4Th Street Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
2.9%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Parmar Bhrigu Rishi $455,000 Whatcom Land Title
4Th Street Apartments Llc $2,574,984 Whatcom Land Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parmar Bhrigu Rishi $280,000
Previous Owner 4Th Street Apartments Llc $250,000
Closed 4Th Street Apartments Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $455,000 -3.7% $285 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $472,500 -- $296 / 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 $3,068 $448,547 $137,498 $311,049
2023 $3,068 $440,836 $141,750 $299,086
2022 $591 $102,993 $102,993 $0
2021 $370 $66,000 $66,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2038703

Northwest Multiple Listing Service (NWMLS)

APN: 390220-009038-0000