NOT LISTED FOR SALE

Estimated Value: $812,000 - $1,228,000

2 Beds
4 Baths
3,902 Sq Ft
$252/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $648,000 $166 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,054/month

19 Days on Market

Highlights

  • 0.23 Acre Lot
  • Deck
  • Thermal Windows
  • Bellingham High School Rated A
  • Corner Lot
  • 5-minute walk to Cornwall Tot Lot

About This Home

As of March 2021

Great 4-plex rental property located in the Lettered Streets, just blocks from downtown. This is a legal 4-plex, separately metered. Situated on a large corner site, approximately 10,000 sqft. Plenty of room for on-site parking and renovation of existing property. Tenants pay own SSC trash pickup, so actual monthly rents are $925 per unit. Rents are low for unit size. Some tenants have used as 2 bedrooms. Units are spacious with 9 foot ceilings, built- ins, bay windows and loads of character. Covered porches and balconies in front and rear of building.

Last Agent to Sell the Property

Bob Lycan

Keller Williams Western Realty License #2170 Listed on: 01/04/2021

Last Buyer's Agent

Jason Custis

MJB Real Estate Group License #137410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1713770

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,772

Year Built

  • Built in 1925

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Composition Roof
  • Bitumen Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,902 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Schools

  • Parkview Elementary School
  • Whatcom Mid Middle School
  • Bellingham High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Supplemental Map Of Whatcom Condos
  • Lettered Streets Subdivision

Listing and Financial Details

  • Legal Lot and Block 5-6 / 218
  • Assessor Parcel Number 380330211481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,772

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1925
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Supplemental Map of Whatcom
  • New Construction: No
  • CalculatedSquareFootage: 3902
  • Special Features: None
  • Cumulative Days on Market: 307

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition, Flat, Torch Down
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Block, Post & Pillar
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1758

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Whatcom Mid

Lot Info

  • Parcel Number: 380330211481
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available
  • MLSLotSizeSource: Seller-buyer to verify
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 5-6

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3580

Multi Family

  • Gross Scheduled Income: 42960
  • Net Operating Income: 34045
  • Number Of Units Total: 4
  • Insurance Expense: 1385
  • Leasable Area: 3902
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5772

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Feb 25, 2021
Sold by
Lycan Robert E
Bought by
Figgess Cheryle and Figgess Neil
Seller's Agent
Bob Lycan
Keller Williams Western Realty
Buyer's Agent
Jason Custis
MJB Real Estate Group
List Price
$698,000
Sold Price
$648,000
Premium/Discount to List
-$50,000
-7.16%
Current Estimated Value
$982,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,907

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 29, 2018
Sold by
Miller Matthew A
Bought by
Lycan Robert E
Seller's Agent
Kirk Ghio
Muljat Group
Buyer's Agent
Bob Lycan
Keller Williams Western Realty
List Price
$533,000
Sold Price
$511,875
Premium/Discount to List
-$21,125
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$383,906
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2015
Closed on
Sep 29, 2015
Sold by
Janeway Meva and Janeway Jerry L
Bought by
Miller Matthew A
Seller's Agent
Lorraine Hoving
Windermere Real Estate Whatcom
Buyer's Agent
Kirk Ghio
Muljat Group
List Price
$489,900
Sold Price
$385,000
Premium/Discount to List
-$104,900
-21.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$308,000
Interest Rate
3.89%
Mortgage Type
Commercial
Source: Public Records

Similar Homes in Bellingham, WA

  • 2424 Orleans St, Bellingham, WA 98229

    $819,900

    • 4 Beds
    • 4 Baths
    • 2424 Orleans St
    • Bellingham, WA

    This DUPLEX is located in the heart of Bellingham; only a few blocks from Trader Joe's, Sunset Square and a short 5 minute drive to downtown. Each unit boasts an open layout with 2 bedrooms & 2 bathrooms. Each has all appliances including washer/dryer, 4 off street parking spaces and detached storage sheds. Major updates include: new fully fenced yard and outdoor deck, laminate flooring, new

    Anthony Gigilo ListWithFreedom.com

    Section Image
  • 606 N State St, Bellingham, WA 98225

    $789,000

    • 4 Beds
    • 5 Baths
    • 1,760 Sq Ft
    • 606 N State St
    • Bellingham, WA

    You didn't imagine your investment property looking like this, huh? A South Hill duplex feat sunset views of the bay, city, + islands that's centered btw downtown, Fairhaven, + WWU creates an attractive location for renters + owner-occupants alike. Upper unit has 2 beds, 1.75 baths, vaulted ceilings, + a kitchen/living/dining area that opens onto expansive west-facing deck. Lower unit has 2 beds,

    Jacson Bevens Windermere Real Estate Whatcom

    Section Image
  • 2512 Kentucky St, Bellingham, WA 98229

    $789,888

    • 4 Beds
    • 4 Baths
    • 2,568 Sq Ft
    • 2512 Kentucky St
    • Bellingham, WA

    Great floor plan one unit all up rambler style separated by the garage second unit all ground level rambler style, main floor unit has a gas fireplace. Each have a one car garage, both units have newer forced air gas furnaces, newer exterior paint, newer roof. Both units have 2 bedrooms 2 full baths, large living rooms and large kitchens with eating areas both units have large private decks.

    Kevin Geraghty Windermere Real Estate Whatcom

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Figgess Cheryle $648,000 Whatcom Land Title
Lycan Robert E $511,875 Whatcom Land Title
Miller Matthew A $385,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lycan Robert E $383,906
Previous Owner Miller Matthew A $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2021 03/01/21 Sold $648,000 0.0% $166 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/20/2021 01/20/21 Price Changed $648,000 -7.2% $166 / Sq Ft
01/04/2021 01/04/21 For Sale $698,000 +36.4% $179 / Sq Ft
09/12/2018 09/12/18 Sold $511,875 -4.0% $131 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/18/2018 06/18/18 Price Changed $533,000 0.0% $137 / Sq Ft
06/18/2018 06/18/18 For Sale $533,000 -11.0% $137 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $599,000 +55.6% $154 / Sq Ft
10/02/2015 10/02/15 Sold $385,000 -21.4% $120 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $489,900 -- $153 / 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 $6,947 $870,772 $315,577 $555,195
2023 $6,947 $892,890 $323,593 $569,297
2022 $5,674 $769,746 $278,964 $490,782
2021 $5,567 $610,910 $221,400 $389,510
2020 $5,772 $565,657 $205,000 $360,657
2019 $5,168 $566,908 $232,918 $333,990
2018 $5,204 $508,883 $209,118 $299,765
2017 $4,488 $438,132 $180,040 $258,092
2016 $3,928 $394,890 $161,560 $233,330
2015 $3,851 $359,751 $147,560 $212,191
2014 -- $341,320 $140,000 $201,320
2013 -- $365,878 $136,500 $229,378
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1713770

Northwest Multiple Listing Service (NWMLS)

APN: 380330-211481-0000