Listed by Muljat Group, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $940,000 - $1,212,000

4 Beds
2 Baths
2,592 Sq Ft
$432/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $800,000 $309 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $6,939/month

7 Days on Market

Highlights

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

About This Home

As of June 2020

Exceptional investment opportunity! With a solid rental history, this well cared for duplex is within walking distance to WWU. It boasts a 5.5% 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! Adjoining duplex also for sale.

Last Agent to Sell the Property

Ty Jackson

Muljat Group License #23170 Listed on: 05/22/2020

Muljat Group

Last Buyer's Agent

Derek Buse

COMPASS License #125708

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1605020

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,739

Year Built

  • Built in 1998

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 65x114x65x115
  • 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

Schools

  • Sehome High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Karen/Jim Short Plat Condos
  • Happy Valley Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 3702014920500000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,739

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: 348

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, 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
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3169

Schools

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

Lot Info

  • Parcel Number: 3702014920500000
  • Lot Size Acres: 0.35
  • Lot Size: 65x114x65x115
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • MLSLotSizeSource: Tax Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5520

Multi Family

  • Gross Scheduled Income: 66240
  • Net Operating Income: 46702
  • Number Of Units Total: 2
  • Electric Expense: 57
  • Insurance Expense: 761
  • Leasable Area: 2592
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5739

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 26, 2020
Sold by
Ho Wen Huan Steve and Chu Fang Yi
Bought by
Md Capital Llc
Seller's Agent
Ty Jackson
Muljat Group
Buyer's Agent
Derek Buse
COMPASS
List Price
$840,000
Sold Price
$800,000
Premium/Discount to List
-$40,000
-4.76%
Current Estimated Value
$1,136,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,591
Avg. Annual Appreciation
7.32%
Original Mortgage
$600,000
Outstanding Balance
$538,848
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$609,647

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 23, 2020
Sold by
Vineyard Properties 7 Llc
Bought by
Ho Wen Huan S and Chu Fang Yi
Seller's Agent
Ty Jackson
Muljat Group
Buyer's Agent
Derek Buse
COMPASS
List Price
$840,000
Sold Price
$800,000
Premium/Discount to List
-$40,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$538,848
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$609,647

Purchase Details

Closed on
Jul 12, 2006
Sold by
Mcfarlane Deborah A
Bought by
Vineyard Properties 7 Llc

Purchase Details

Closed on
Apr 4, 2006
Sold by
Canyon Holdings Llc Series 6
Bought by
Mcfarlane Deborah

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
2.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 20, 2006
Sold by
Canyon Holdings Llc
Bought by
Canyon Holdings Llc Series 6

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
2.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 15, 2005
Sold by
Happy Valley Development Corp
Bought by
Canyon Holdings Llc

Purchase Details

Closed on
Mar 8, 2000
Sold by
Blackberry Development Ltd
Bought by
Happy Valley Development Corp
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
Md Capital Llc -- Accommodation
Ho Wen Huan S $800,000 Chicago Title Bellingham
Vineyard Properties 7 Llc -- None Available
Mcfarlane Deborah $465,614 Whatcom Land Title
Canyon Holdings Llc Series 6 -- None Available
Canyon Holdings Llc -- --
Happy Valley Development Corp -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ho Wen Huan S $600,000
Previous Owner Mcfarlane Deborah $372,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $800,000 -4.8% $309 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $840,000 -- $324 / 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 $8,590 $1,066,016 $439,244 $626,772
2023 $8,590 $1,104,129 $454,948 $649,181
2022 $7,074 $939,690 $387,192 $552,498
2021 $6,721 $757,835 $312,260 $445,575
2020 $6,604 $664,762 $273,910 $390,852
2019 $5,739 $631,003 $260,000 $371,003
2018 $5,935 $549,930 $190,418 $359,512
2017 $5,236 $488,141 $169,020 $319,121
2016 $4,767 $449,553 $155,520 $294,033
2015 $4,692 $426,400 $147,420 $278,980
2014 -- $406,083 $140,400 $265,683
2013 -- $385,881 $135,000 $250,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1605020

Northwest Multiple Listing Service (NWMLS)

APN: 370201-492050-0000