Listed by COMPASS, Bought with Bushnell Real Estate Solutions
NOT LISTED FOR SALE

Estimated Value: $815,000 - $928,000

2 Beds
2 Baths
2,770 Sq Ft
$316/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $581,030 $210 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,289/month

6 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • 2-minute walk to St Clair Park
  • Kulshan Middle School Rated A-
  • Ceramic Tile Flooring

About This Home

As of August 2020

Great investment opportunity. Large duplex with double car garages in a desirable, easy to rent neighborhood close to Whatcom Falls Park. Rents are currently under market, so there is room for additional cash flow. Large units with vaulted ceiling and wood beams, two car attached garage, decks on each side. Perfect for owner occupancy on one side while generating income from the other. Now is the perfect time to invest and try your hand at being a landlord as interest rates are crazy low.

Last Agent to Sell the Property

Ann Wark

COMPASS License #21006887 Listed on: 07/22/2020

COMPASS

Last Buyer's Agent

Haruichi Bearden

Bushnell Real Estate Solutions License #105801

Bushnell Real Estate Solutions

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1633216

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,057

Year Built

  • Built in 1993

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 73 x 116
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,770 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

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

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Tuttle VII Short Plat Condos
  • Alabama Hill Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 380328060466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,057

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1993
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Tuttle VII Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 2770
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: 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
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 380328060466
  • Lot Size Acres: 0.2
  • Lot Size: 73 X 116
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Tax records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3075

Multi Family

  • Gross Scheduled Income: 36900
  • Net Operating Income: 27501
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2770
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5057

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
Aug 18, 2020
Sold by
White Kenneth L and White Sheri L
Bought by
2105 Michigan Llc
Seller's Agent
Ann Wark
COMPASS
Buyer's Agent
Haruichi Bearden
Bushnell Real Estate Solutions
List Price
$599,000
Sold Price
$581,030
Premium/Discount to List
-$17,970
-3%
Current Estimated Value
$874,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,656
Avg. Annual Appreciation
7.92%

Purchase Details

Listed on
Jul 22, 2020
Closed on
Aug 17, 2020
Sold by
Kittinger Rich J
Bought by
2105 Michigan Llc
Seller's Agent
Ann Wark
COMPASS
Buyer's Agent
Haruichi Bearden
Bushnell Real Estate Solutions
List Price
$599,000
Sold Price
$581,030
Premium/Discount to List
-$17,970
-3%

Purchase Details

Closed on
Nov 9, 2010
Sold by
Blackstone Holdings Llc
Bought by
White Kenneth L and White Sheri L

Purchase Details

Closed on
Sep 28, 2007
Sold by
Kittinger Rich J and Kittinger Amy
Bought by
Blackstone Holdings Llc

Purchase Details

Closed on
Jul 13, 2007
Sold by
Conner Jeremiah A and Conner Naomi M
Bought by
Kittinger Rich J and Kittinger Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,500
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 2003
Sold by
Lyons Gail M
Bought by
Conner Jeremiah A and Conner Naomi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,100
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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
2105 Michigan Llc $581,029 Chicago Title Bellingham
2105 Michigan Llc $9,447,330 Chicago Title
White Kenneth L -- Whatcom Land Title Co Inc
Blackstone Holdings Llc -- Whatcom Land Title
Kittinger Rich J $365,280 Whatcom Land Title
Conner Jeremiah A $238,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Kenneth L $301,750
Previous Owner Kittinger Rich J $36,500
Previous Owner Kittinger Rich J $292,000
Previous Owner Conner Jeremiah A $226,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2020 08/20/20 Sold $581,030 -3.0% $210 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $599,000 -- $216 / 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 $6,721 $842,452 $246,304 $596,148
2023 $6,721 $863,850 $252,560 $611,290
2022 $5,490 $744,711 $217,728 $526,983
2021 $5,386 $591,041 $172,800 $418,241
2020 $5,057 $547,260 $160,000 $387,260
2019 $4,527 $496,615 $129,769 $366,846
2018 $4,559 $445,764 $116,509 $329,255
2017 $3,936 $383,790 $100,308 $283,482
2016 $3,442 $346,296 $90,012 $256,284
2015 $3,375 $315,278 $82,212 $233,066
2014 -- $299,125 $78,000 $221,125
2013 -- $280,687 $73,500 $207,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1633216

Northwest Multiple Listing Service (NWMLS)

APN: 380328-060466-0000