Listed by Muljat Group, Bought with Rain Town Realty + JPAR
NOT LISTED FOR SALE

Estimated Value: $719,000 - $1,053,678

1 Bed
1 Bath
3,081 Sq Ft
$292/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $1,005,000 $326 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $5,301/month

24 Days on Market

Highlights

  • City View
  • Deck
  • No HOA
  • Bellingham High School Rated A
  • Softwood Flooring
  • 5-minute walk to Cornwall Tot Lot

About This Home

As of July 2022

Classy Vintage 4 - unit, fully leased and professionally managed. Same owner last 25 years, very well maintained with numerous quality upgrades throughout. Meticulous hands on owner has seen to improvements with longevity and reliability as the goal. Steps to downtown, short walk to Trader Joes, Broadway park and Waterfront. Excellent rental history and overall condition. Good possibility for owner occupancy or College Parent investment. Newer appliances and washer/dryer in each unit.

Last Agent to Sell the Property

Jonathan Huston

Muljat Group License #32304 Listed on: 06/15/2022

Muljat Group

Last Buyer's Agent

Bruce Bradbury

Rain Town Realty + JPAR License #21027740

Rain Town Realty + JPAR

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1947716

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,056

Year Built

  • Built in 1903 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100

Parking

  • Open Parking

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 3,081 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Vinyl

Schools

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

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sylvan Subdivision Condos
  • Lettered Streets Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 134
  • Assessor Parcel Number 380330239467

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,056

Year Built

Built in 1903 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1903
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Sylvan Subdivision
  • New Construction: No
  • CalculatedSquareFootage: 3081
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Softwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Fir/Softwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), Territorial
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 2119

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 380330239467
  • Lot Size Acres: 0.1148
  • Lot Size: 50x100
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • LotNumber: 2

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 64500

Multi Family

  • Gross Scheduled Income: 64500
  • Net Operating Income: 51806
  • Number Of Units Total: 4
  • Insurance Expense: 1929
  • Leasable Area: 3081
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5056

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 25, 2022
Sold by
Bee James R
Bought by
Schoenherr Family Trust
Seller's Agent
Jonathan Huston
Muljat Group
Buyer's Agent
Bruce Bradbury
Rain Town Realty + JPAR
List Price
$1,100,000
Sold Price
$1,005,000
Premium/Discount to List
-$95,000
-8.64%
Current Estimated Value
$898,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$106,080
Avg. Annual Appreciation
-3.44%
Source: Public Records

Range of Values:

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Average Value
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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
Schoenherr Family Trust -- Whatcom Land Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2022 07/27/22 Sold $1,005,000 -8.6% $326 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $1,100,000 -- $357 / 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 $6,190 $775,845 $277,092 $498,753
2023 $6,190 $795,551 $284,130 $511,421
2022 $5,056 $685,832 $244,944 $440,888
2021 $4,960 $544,311 $194,400 $349,911
2020 $3,601 $503,992 $180,000 $323,992
2019 $3,224 $353,610 $133,096 $220,514
2018 $3,246 $317,414 $119,496 $197,918
2017 $2,800 $273,283 $102,880 $170,403
2016 $2,450 $246,374 $92,320 $154,054
2015 $2,402 $224,418 $84,320 $140,098
2014 -- $212,920 $80,000 $132,920
2013 -- $206,044 $68,250 $137,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1947716

Northwest Multiple Listing Service (NWMLS)

APN: 380330-239467-0000