Seller's Agent in 2023
Paul Balzotti
John L Scott
(360) 920-5901
13 in this area
113 Total Sales
Listed by John L. Scott Bellingham, Bought with COMPASS
2059 Salam Loop Ferndale, WA 98248
Estimated Value: $447,000 - $561,000
3
Beds
3
Baths
1,595
Sq Ft
$312/Sq Ft
Est. Value
Highlights
- Property is near public transit
- No HOA
- Storm Windows
- Territorial View
- 2 Car Attached Garage
- Patio
About This Home
As of April 2023Almost 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
John L. Scott Bellingham License #52322 Listed on: 02/23/2023
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2038703
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
Outdoor Features
- Patio
Location
- Property is near public transit
- Property is near a bus stop
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
Community Details
- No Home Owners Association
- Ferndale Subdivision
Listing and Financial Details
- Assessor Parcel Number 390220009038000
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%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,515
Avg. Annual Appreciation
3.67%
Original Mortgage
$280,000
Outstanding Balance
$271,900
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$225,615
Purchase Details
Closed on
May 28, 2021
Sold by
Baya Pip Xv Llc
Bought by
4Th Street Apartments Llc
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
Average Home Value in this Area
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 | |
| Closed | 4Th Street Apartments Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Paul Balzotti
-
Galen Hirss
Buyer's Agent in 2023
Galen Hirss
COMPASS
(360) 685-3993
8 in this area
113 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2038703
APN: 390220-009038-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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