Listed by Weichert Realtors Vanson Assoc, Bought with Pacific Continental Realty LLC
NOT LISTED FOR SALE

Estimated Value: $1,034,000 - $1,212,000

4 Beds
2 Baths
2,592 Sq Ft
$438/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $700,000 $270 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,930/month

5 Days on Market

Highlights

  • Deck
  • Territorial View
  • Wall to Wall Carpet
  • Fairhaven Middle School Rated A-
  • High Speed Internet

About This Home

As of June 2018

Exceptional investment opportunity! With a solid rental history, this well cared for duplex is within walking distance to WWU. It boasts a 5.9% CAP rate with a historical vacancy rate of less-than-1%. Being close to many restaurants and local shops, tenants can take advantage of the local trails for hiking and biking. Each unit is a 4 bedroom 2 bath, fully applianced, and attached garages. DO NOT miss out on this spot in a very popular South campus neighborhood!

Last Agent to Sell the Property

Bret Van Lant

Weichert Realtors Vanson Assoc License #25804 Listed on: 04/06/2018

Weichert Realtors Vanson Assoc

Co-Listed By

Ty Jackson

Muljat Group License #23170

Last Buyer's Agent

Ryan Martin

Pacific Continental Realty LLC License #52053

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1269369

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,102

Year Built

  • Built in 1998

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Karen/Jim Short Plat Condos
  • Happy Valley Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 3702014920740000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,102

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1998
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Karen/Jim Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 2592
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: High Efficiency - 90%+, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Propane
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3255

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3702014920740000
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 3

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 52800
  • Net Operating Income: 40780
  • Number Of Units Total: 2
  • Electric Expense: 58
  • Insurance Expense: 1100
  • Leasable Area: 2592
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5102

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Tynan Dennis
Bought by
Tynan Family Living Trust and Tynan
Current Estimated Value
$1,137,022

Purchase Details

Listed on
Apr 6, 2018
Closed on
Jun 13, 2018
Sold by
Tynan Mary Kathleen and Tynan Dennis
Bought by
Tynan Dennis
Seller's Agent
Bret Van Lant
Weichert Realtors Vanson Assoc
Buyer's Agent
Ryan Martin
Pacific Continental Realty LLC
List Price
$687,000
Sold Price
$700,000
Premium/Discount to List
$13,000
1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%

Purchase Details

Closed on
Apr 11, 2006
Sold by
Canyon Holdings Llc Series 3
Bought by
Young Bradford K and Young Lea J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,250
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 20, 2006
Sold by
Canyon Holdings Llc
Bought by
Canyon Holdings Llc Series 3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,250
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 15, 2005
Sold by
Happy Valley Development Corp
Bought by
Canyon Holdings Llc
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
Tynan Family Living Trust $313 None Listed On Document
Tynan Dennis -- Chicago Title Insurance
Tynan Dennis $700,000 Chicago Title Insurance
Young Bradford K $465,614 Whatcom Land Title
Canyon Holdings Llc Series 3 -- None Available
Canyon Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Bradford K $372,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $700,000 +1.9% $270 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $687,000 -- $265 / 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 $8,454 $1,049,122 $422,350 $626,772
2023 $8,454 $1,086,631 $437,450 $649,181
2022 $6,962 $924,798 $372,300 $552,498
2021 $6,614 $745,825 $300,250 $445,575
2020 $6,499 $654,227 $263,375 $390,852
2019 $5,592 $621,003 $250,000 $371,003
2018 $5,782 $535,825 $176,313 $359,512
2017 $5,102 $475,621 $156,500 $319,121
2016 $4,645 $438,033 $144,000 $294,033
2015 $4,572 $415,480 $136,500 $278,980
2014 -- $395,683 $130,000 $265,683
2013 -- $375,881 $125,000 $250,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1269369

Northwest Multiple Listing Service (NWMLS)

APN: 370201-492074-0000