Listed by RE/MAX Whatcom County, Inc., Bought with Windermere Real Estate Whatcom
NOT LISTED FOR SALE

209 Vine Way Lynden, WA 98264

Estimated Value: $739,000 - $842,000

6 Beds
4 Baths
3,046 Sq Ft
$265/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $785,000 $258 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,709/month

15 Days on Market

Highlights

  • Mountain View
  • Patio
  • High Speed Internet
  • No HOA
  • Forced Air Heating System
  • Property is in very good condition

About This Home

As of April 2024

Tremendous investment opportunity located in the heart of Lynden. Nice residential neighborhood, great condition, & solid cap rate of 5.16. You'll be hard pressed to find a better product for your investment portfolio. Newer exterior paint w/low maintenance Hardie Siding. Major refresh in unit B for 2022, new carpeting, interior paint, blinds, led lighting & beautiful LG appliances. Each unit has their own 2 car garage, fully fenced private backyards, and patios. Identical spacious floor plans include 3 large bedrooms, 2 full baths, one 1/2 bath, plus over 1500sqft. Main floor primary w/lg walk-in closets & oversized soaker tub/shower. The second & third bedrooms are upstairs along with the second full bath. Tenant pays all utilities.

Last Agent to Sell the Property

John Irion

RE/MAX Whatcom County, Inc. License #102221 Listed on: 03/07/2024

Last Buyer's Agent

Loren Van Corbach

Windermere Real Estate Whatcom License #105445

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2207492

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,163

Year Built

  • Built in 2002

Lot Details

  • 9,148 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,046 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Vossbeck Elementary School
  • Lynden Mid Middle School
  • Lynden High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lynden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4003161800400000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,163

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2002
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3046
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lynden
  • High School: Lynden High
  • Middle Or Junior School: Lynden Mid

Lot Info

  • Parcel Number: 4003161800400000
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 16.77
  • LeasedItems: None
  • TotalMonthlyIncome: 3950

Multi Family

  • Gross Scheduled Income: 47400
  • Net Operating Income: 41032
  • Number Of Units Total: 2
  • Insurance Expense: 1205
  • Leasable Area: 3046
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5163

MLS Schools

  • Elementary School: Vossbeck Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 15, 2024
Sold by
Jma Properties Northwest Llc
Bought by
Hardan Revocable Living Trust and Hardan
Seller's Agent
John Irion
RE/MAX Whatcom County, Inc.
Buyer's Agent
Loren Van Corbach
Windermere Real Estate Whatcom
List Price
$795,000
Sold Price
$785,000
Premium/Discount to List
-$10,000
-1.26%
Views
21
Current Estimated Value
$806,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,659
Avg. Annual Appreciation
1.91%
Original Mortgage
$588,750
Outstanding Balance
$579,953
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$226,706

Purchase Details

Listed on
Mar 7, 2024
Closed on
Mar 29, 2024
Sold by
Irion Mitchell and Irion John R
Bought by
Jma Properties Northwest Llc
Seller's Agent
John Irion
RE/MAX Whatcom County, Inc.
Buyer's Agent
Loren Van Corbach
Windermere Real Estate Whatcom
List Price
$795,000
Sold Price
$785,000
Premium/Discount to List
-$10,000
-1.26%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Outstanding Balance
$579,953
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$226,706

Purchase Details

Closed on
Aug 20, 2014
Sold by
Irion John Robert
Bought by
Irion Mitchell and Lee Annette Marie

Purchase Details

Closed on
Jun 28, 2010
Sold by
Irion Minnie Lee and Irion John Robert
Bought by
Irion John Robert and Minne Lee Irion Revocable Living Trust

Purchase Details

Closed on
Apr 30, 2006
Sold by
Douma Herman G and Douma Betty A
Bought by
Irion Minnie Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,750
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Hardan Revocable Living Trust $785,000 Chicago Title
Jma Properties Northwest Llc $313 None Listed On Document
Irion Mitchell -- None Available
Irion John Robert -- None Available
Irion Minnie Lee $435,280 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardan Revocable Living Trust $588,750
Previous Owner Irion Minnie Lee $282,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $785,000 -1.3% $258 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $795,000 -- $261 / 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 $5,194 $734,092 $242,500 $491,592
2023 $5,194 $722,685 $250,000 $472,685
2022 $5,371 $704,799 $198,561 $506,238
2021 $5,268 $582,472 $164,098 $418,374
2020 $4,615 $520,078 $146,520 $373,558
2019 $4,106 $476,958 $134,530 $342,428
2018 $4,487 $434,999 $122,551 $312,448
2017 $3,769 $390,449 $110,000 $280,449
2016 $3,553 $348,771 $92,400 $256,371
2015 $3,149 $326,955 $88,872 $238,083
2014 -- $315,880 $85,848 $230,032
2013 -- $314,032 $84,000 $230,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2207492

Northwest Multiple Listing Service (NWMLS)

APN: 400316-180040-0000