NOT LISTED FOR SALE

2202 Sedge St Lynden, WA 98264

Estimated Value: $747,094 - $930,000

6 Beds
4 Baths
2,756 Sq Ft
$316/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $775,000 $281 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,280/month

2 Days on Market

Highlights

  • Territorial View
  • Patio
  • Mini Split Air Conditioners
  • Wood Flooring
  • High Speed Internet
  • 1-Story Property

About This Home

As of October 2021

Tremendous opportunity to get into the rental market or expand your portfolio! This nearly new Lynden duplex is turnkey
and offers a nice and open floor plan, 3 beds + 2 baths, a double car garage, no step entry, stainless steel appliances,
washers and dryers, a covered patio, & a fully fenced yard. Currently rents for $3,475 per month but will support a minimum of $3,750
per month from identical unit next door. The rental market in Lynden is on fire with historically low vacancy
rates coupled with rapidly increasing rental rates. Don't miss out on this great low maintenance investment opportunity
that provides strong and consistent returns!

Last Agent to Sell the Property

Loren Van Corbach

Windermere Real Estate Whatcom License #105445 Listed on: 09/14/2021

Windermere Real Estate Whatcom

Last Buyer's Agent

Heather Othmer

Windermere Real Estate Whatcom License #73648

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1839476

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,964

Year Built

  • Built in 2016

Lot Details

  • 8,712

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,756 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Vossbeck Elementary School
  • Lynden Mid Middle School
  • Lynden High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • 8,712 Sq Ft Lot

Community Details

  • Lynden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4003151955130000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,964

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2016
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2756
  • Special Features: None
  • Cumulative Days on Market: 276

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Hardwood, Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Slab
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lynden
  • High School: Lynden High
  • Middle Or Junior School: Lynden Mid

Lot Info

  • Parcel Number: 4003151955130000
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 3475

Multi Family

  • Gross Scheduled Income: 41700
  • Net Operating Income: 35677
  • Number Of Units Total: 2
  • Insurance Expense: 1059
  • Leasable Area: 2797
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4964

MLS Schools

  • Elementary School: Vossbeck Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 28, 2021
Sold by
Haak Keenan and Zima Blake
Bought by
Euity Trust Company and Rob Scofidio Ira
Seller's Agent
Loren Van Corbach
Windermere Real Estate Whatcom
Buyer's Agent
Heather Othmer
Windermere Real Estate Whatcom
List Price
$795,000
Sold Price
$775,000
Premium/Discount to List
-$20,000
-2.52%
Total Days on Market
2
Current Estimated Value
$871,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,024
Avg. Annual Appreciation
2.11%

Purchase Details

Listed on
Sep 14, 2021
Closed on
Sep 30, 2021
Sold by
Keenan Haak
Bought by
Equity Trust Company Custodian
Seller's Agent
Loren Van Corbach
Windermere Real Estate Whatcom
Buyer's Agent
Heather Othmer
Windermere Real Estate Whatcom
List Price
$795,000
Sold Price
$775,000
Premium/Discount to List
-$20,000
-2.52%

Purchase Details

Closed on
Jul 26, 2019
Sold by
Haak Heidy
Bought by
Haak Keenan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2019
Sold by
Navis Roger and Navis Cynthia
Bought by
Sedge Properties Llc

Purchase Details

Closed on
Aug 5, 2015
Sold by
North Prairie Llc
Bought by
Navis Roger and Navis Cindy
Source: Public Records

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Range of Values:

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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
Euity Trust Company $775,000 Chicago Title Company Of Wa
Equity Trust Company Custodian $775,000 Chicago Title
Haak Keenan -- Whatcom Land Title
Haak Keenan $525,000 Whatcom Land Title
Sedge Properties Llc -- Accommodation
Navis Roger $100,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haak Keenan $393,750
Previous Owner Navis Roger $310,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $775,000 -2.5% $281 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $795,000 -- $288 / 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 $4,674 $658,729 $242,500 $416,229
2023 $4,674 $650,220 $250,000 $400,220
2022 $5,060 $664,049 $198,561 $465,488
2021 $4,964 $548,794 $164,098 $384,696
2020 $4,348 $490,008 $146,520 $343,488
2019 $3,869 $449,394 $134,530 $314,864
2018 $4,228 $409,848 $122,551 $287,297
2017 $3,674 $367,874 $110,000 $257,874
2016 $1,048 $339,920 $110,000 $229,920
2015 -- $96,600 $96,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1839476

Northwest Multiple Listing Service (NWMLS)

APN: 400315-195513-0000