NOT LISTED FOR SALE

2171 Siddle Loop Ferndale, WA 98248

Estimated Value: $1,273,489 - $1,415,000

8 Beds
8 Baths
4,324 Sq Ft
$308/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $1,300,000 $301 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,021/month

7 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of September 2024

Constructed in 2020, this four-plex presents a prime investment opportunity. Each unit features two bedrooms, two bathrooms, mini-split AC units, and a full washer and dryer. Additionally, every unit comes with an attached one-car garage with direct home entry and its own balcony. The property across the street, also a four-plex, is available for purchase as well. Situated in Ferndale, the location offers convenient access to the I-5 freeway and Main St.

Last Listed By

Ronda Karn

RE/MAX Whatcom County, Inc. License #125258 Listed on: 08/30/2024

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2284716

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,576

Year Built

  • Built in 2020

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 4,324 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 13 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3902194720900000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,576

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2020
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4324
  • Special Features: None
  • Cumulative Days on Market: 228

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Available
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 8400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Parcel Number: 3902194720900000
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.22
  • LeasedItems: None
  • TotalMonthlyIncome: 7665

Multi Family

  • Gross Scheduled Income: 91980
  • Net Operating Income: 73955
  • Number Of Units Total: 4
  • Insurance Expense: 2049
  • Leasable Area: 4324
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7576

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Sep 25, 2024
Sold by
Caliber Properties Llc
Bought by
Cheema Sukhwant and Kaur Rajwant
Seller's Agent
Ronda Karn
RE/MAX Whatcom County, Inc.
Buyer's Agent
Molly McCormack
John L. Scott Bellingham
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%
Total Days on Market
7
Views
2
Current Estimated Value
$1,332,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,872
Avg. Annual Appreciation
4.25%

Range of Values:

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Average Value
Not Available
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
Cheema Sukhwant $1,300,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Caliber Properties Llc $850,000
Previous Owner Caliber Properties Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $1,300,000 -7.1% $301 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/30/2024 08/30/24 For Sale $1,400,000 +400.0% $324 / Sq Ft
08/02/2019 08/02/19 Sold $280,000 -13.8% --
06/06/2019 06/06/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $325,000 +35.4% --
04/28/2017 04/28/17 Sold $240,000 0.0% --
02/22/2017 02/22/17 Pending -- -- --
07/19/2016 07/19/16 For Sale $240,000 -- --
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 $7,576 $1,116,980 $224,070 $892,910
2023 $7,576 $1,089,567 $231,000 $858,567
2022 $14,503 $970,765 $234,075 $736,690
2021 $3,070 $810,022 $201,188 $608,834
2020 $1,573 $315,260 $315,260 $0
2019 $1,264 $145,363 $145,363 $0
2018 $1,515 $138,750 $138,750 $0
2017 $955 $125,000 $125,000 $0
2016 $952 $85,255 $85,255 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2284716

Northwest Multiple Listing Service (NWMLS)

APN: 390219-472090-0000