NOT LISTED FOR SALE

Estimated Value: $957,796 - $1,317,000

2 Beds
6 Baths
4,800 Sq Ft
$241/Sq Ft Est. Value

Last Sold July 16, 2012

Last sale price $435,000 $91 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $7,170/month

138 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Property is in very good condition
  • Wood Siding
  • Squalicum High School Rated A-

About This Home

As of July 2012

Great investment opportunity. This meticulously kept 4 plex is close to all the amenities. Its within walking distance to the Barkely district, new Imax theaters and schools. Units are always rented and have had no vacancy for years. Units have 2 bedroom and 1.5 baths, newer appliances, new paint and some have newer carpet. Each unit is approximately 1200 square feet and they all have open floor plans. Great off street parking. Multi family investing is hot and these are a great deal.

Last Listed By

Charly Myers

MGI Real Estate License #25588 Listed on: 12/26/2011

MGI Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 305275

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,769

Year Built

  • Built in 1976

Lot Details

  • 0.28

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Rooseveltelem Elementary School
  • Shuksan Mid Middle School
  • Bellingham High School

Additional Features

  • 2-Story Property
  • Property is in very good condition

Community Details

  • Roosevelt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380320518100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,769

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 648

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSPL
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3831

Schools

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

Lot Info

  • Parcel Number: 380320518100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3475

Multi Family

  • Gross Scheduled Income: 41700
  • Net Operating Income: 27803
  • Number Of Units Total: 4
  • Insurance Expense: 1244
  • Leasable Area: 4800
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2011
  • Tax Annual Amount: 3769

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2019
Sold by
Scheid Zurline Chrostine and Zurline Frank
Bought by
Scheid L L C
Total Days on Market
138
Current Estimated Value
$1,158,199

Purchase Details

Listed on
Dec 26, 2011
Closed on
Jun 25, 2012
Sold by
Toso Aaron M and Toso Meghan M
Bought by
Zurline Frank and Zurline Christine Scheid
Seller's Agent
Charly Myers
MGI Real Estate
List Price
$459,000
Sold Price
$435,000
Premium/Discount to List
-$24,000
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.89%
Original Mortgage
$326,250
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2004
Sold by
Talbert David A and Talbert Diane L
Bought by
Toso Aaron and Toso Meghan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2002
Sold by
Denson Ben R and Denson Nina S
Bought by
Talbert David A and Talbert Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1999
Sold by
Dapcevich Aleda Dayle
Bought by
Denson Ben R and Denson Nina S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.66%
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 Buyer Sale Price Title Company
Scheid L L C -- None Available
Zurline Frank $435,280 Whatcom Land Title
Toso Aaron $385,000 Whatcom Land Title
Talbert David A $295,000 First American Title Insuran
Denson Ben R $230,000 Whatcom Land Title Company I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zurline Frank $326,250
Previous Owner Toso Aaron $374,000
Previous Owner Toso Aaron M $385,000
Previous Owner Toso Aaron M $315,000
Previous Owner Toso Aaron M $58,800
Previous Owner Toso Aaron $308,000
Previous Owner Talbert David A $236,000
Previous Owner Denson Ben R $184,000
Closed Talbert David A $59,000
Closed Toso Aaron $57,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2012 07/16/12 Sold $435,000 -5.2% $91 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
12/27/2011 12/27/11 For Sale $459,000 -- $96 / 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 $8,028 $1,006,356 $255,925 $750,431
2023 $8,028 $1,031,918 $262,426 $769,492
2022 $6,558 $889,600 $226,233 $663,367
2021 $6,434 $706,032 $179,550 $526,482
2020 $6,292 $653,733 $166,250 $487,483
2019 $5,633 $617,915 $136,423 $481,492
2018 $5,672 $554,635 $122,483 $432,152
2017 $4,899 $477,527 $105,452 $372,075
2016 $4,283 $431,005 $94,628 $336,377
2015 $4,200 $392,330 $86,428 $305,902
2014 -- $372,230 $82,000 $290,230
2013 -- $404,184 $105,000 $299,184
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 305275

Northwest Multiple Listing Service (NWMLS)

APN: 380320-518100-0000