Listed by Windermere Real Estate Whatcom, Bought with RE/MAX Whatcom County, Inc.
$807,000
SOLD JUN 14, 2024

2151 Washington St Ferndale, WA 98248

-- Bed
-- Bath
2,763 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$292 Per Sq Ft

1% Above List Price

21 Days on Market

Highlights

  • Deck
  • Corner Lot
  • High Speed Internet
  • Territorial View
  • No HOA
  • Wall to Wall Carpet

About This Home

As of June 2024

Great opportunity to invest in a well cared for triplex within walking distance to Downtown Ferndale. Centrally located with quick access to I-5, shopping, restaurants, schools, and parks. All units offer a spacious layout with 2 bedrooms, 1 bath, in unit laundry, and shared storage. Each unit has one covered parking spot with an additional 4 uncovered parking spots to share. Current rents for units 1 & 2 are well below market value with potential to rent for $1,500-$1,650 a month. New roof in 2019 and new deck for unit 3 added in 2021. Great rental history, location, and sunny corner lot make this a great investment, whether you're looking to start your portfolio or add to it.

Last Agent to Sell the Property

Luis Vasquez

Windermere Real Estate Whatcom License #21034777

Windermere Real Estate Whatcom

Co-Listed By

Meagan Vasquez

Windermere Real Estate Whatcom License #21018252

Last Buyer's Agent

Vishavjeet Dhindsa

RE/MAX Whatcom County, Inc. License #132294

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2228182

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,641

Year Built

  • Built in 1979

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,763 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 7 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Central Elementary School
  • Vista Mid Middle School
  • Ferndale High School

Utilities

  • Radiant Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3902194950560000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,641

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2763
  • Special Features: None
  • Cumulative Days on Market: 264

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Ferndale
  • WaterCompany: City of Ferndale
  • WaterSewerGarbage: 3552

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Ferndale
  • High School: Ferndale High
  • Middle Or Junior School: Vista Mid

Lot Info

  • Parcel Number: 3902194950560000
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 17.8
  • LeasedItems: None
  • TotalMonthlyIncome: 3750

Multi Family

  • Gross Scheduled Income: 45000
  • Net Operating Income: 34528
  • Number Of Units Total: 3
  • Insurance Expense: 2279
  • Leasable Area: 2763
  • EnergySource: Natural Gas
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4641

MLS Schools

  • Elementary School: Central Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $807,000 +1.0% $292 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $799,000 +110.8% $289 / Sq Ft
09/19/2013 09/19/13 Sold $379,000 -5.2% $122 / Sq Ft
07/23/2013 07/23/13 Pending -- -- --
01/29/2013 01/29/13 For Sale $399,995 -- $129 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $4,641 $679,082 $203,700 $475,382
2023 $4,641 $667,098 $210,000 $457,098
2022 $4,386 $592,798 $215,349 $377,449
2021 $4,418 $489,914 $177,974 $311,940
2020 $4,277 $453,636 $164,795 $288,841
2019 $3,290 $395,104 $143,532 $251,572
2018 $3,837 $361,232 $131,227 $230,005
2017 $2,980 $316,564 $115,000 $201,564
2016 $2,797 $265,952 $93,704 $172,248
2015 $2,803 $250,366 $88,715 $161,651
2014 -- $245,184 $86,700 $158,484
2013 -- $241,760 $85,000 $156,760
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $726,300 New Conventional
Previous Owner $242,600 New Conventional
Previous Owner $242,600 New Conventional
Previous Owner $284,250 Commercial
Previous Owner $254,800 Commercial
Previous Owner $201,832 FHA
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $807,000 Chicago Title
Warranty Deed -- None Available
Warranty Deed $379,280 First American Title Ins
Quit Claim Deed -- First American Title Insuran
Interfamily Deed Transfer -- First American Title Insuran
Quit Claim Deed $130,266 First American Title Insuran
Warranty Deed $485,898 First American Title Insuran
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2228182

Northwest Multiple Listing Service (NWMLS)

APN: 390219-495056-0000