Listed by Muljat Group, Bought with Keller Williams Western Realty
$511,875
SOLD SEP 12, 2018
-- Bed
-- Bath
3,902 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

4% Below List Price

41 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

Classic fourplex in Bellingham's historic Lettered Streets neighborhood. Popular location is within easy walking and biking distance to parks, schools, and all downtown amenities. All units are approx 975 sq ft with 1 bedroom and 1 bath, living room, and large dining rooms with charming built-in sideboards and bay windows. Covered porches and balconies on front and back of building. Back yard area could be turned into off-street parking. Great upside potential for someone looking for a project.

Last Agent to Sell the Property

Kirk Ghio

Muljat Group License #13209 Listed on: 06/01/2018

Muljat Group

Last Buyer's Agent

Bob Lycan

Keller Williams Western Realty License #2170

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1303612

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1915

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Block Foundation
  • Composition Roof
  • Bitumen Roof
  • Vinyl Construction Material

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck

Schools

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

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Lettered Streets Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380330211481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1915
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3902
  • Special Features: VirtualTour
  • Cumulative Days on Market: 362

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • 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
  • Foundation Details: Block
  • Property Condition: Fair
  • 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, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bham
  • WaterCompany: City of Bham
  • WaterSewerGarbage: 1612

Condo/Co-op/Association

  • Association Fee Frequency: Annually

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
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 26836
  • Number Of Units Total: 4
  • Insurance Expense: 2348
  • Leasable Area: 3902
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5204

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
$893,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,174
Avg. Annual Appreciation
9.86%

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

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 Type Sale Price Title Company
Warranty Deed $648,000 Whatcom Land Title
Warranty Deed $511,875 Whatcom Land Title
Warranty Deed $385,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $383,906 New Conventional
Previous Owner $308,000 Commercial
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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1303612

Northwest Multiple Listing Service (NWMLS)

APN: 380330-211481-0000