NOT LISTED FOR SALE

Estimated Value: $690,000 - $849,000

4 Beds
3 Baths
1,772 Sq Ft
$433/Sq Ft Est. Value

Last Sold May 09, 2016

Last sale price $362,000 $204 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,754/month

37 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Bellingham High School Rated A
  • Corner Lot
  • 2-minute walk to Cornwall Tot Lot

About This Home

As of May 2016

Beautifully maintained duplex in the Lettered Streets Neighborhood. Completely renovated, turn-key investment property. Unit A will be vacant in April. Should rent for 1050.00 mo. Perfect for an owner-occupied investor as well. Corner lot with ample parking. Both units have independent laundry and storage areas (storage rents for an additional $25 mo/per unit. Cap rate @350k w/full market rents is 5.14%. Please see supplemental docs for listed improvements.

Last Agent to Sell the Property

Kimberly Secord

eXp Realty License #27793 Listed on: 02/25/2016

eXp Realty

Last Buyer's Agent

Joe Hoppis

ENRG Realty License #10982

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 897279

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 1888

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 50.47 x 84.87
  • Corner Lot

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,772 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lettered Streets Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 222
  • Assessor Parcel Number 3803302085270000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,854

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1888
  • Buyer Agency Compensation: 2.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1772
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 296

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Block
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1207

Fee Information

  • Annual Fuel Expense: 922

Schools

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

Lot Info

  • Parcel Number: 3803302085270000
  • Lot Size Acres: 0.1148
  • Lot Size: 50.47 x 84.87
  • Lot Size Sq Ft: 5001
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Title Co
  • ZoningClass: Multi-Family
  • LotNumber: 7

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 1725

Multi Family

  • Gross Scheduled Income: 20700
  • Net Operating Income: 14994
  • Number Of Units Total: 2
  • Insurance Expense: 723
  • Leasable Area: 1772
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2854

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2020
Sold by
Titan Properties Northwest Llc
Bought by
Schwab Jeff and Roeter Rebecca
Current Estimated Value
$768,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2017
Sold by
Schwab Jeff and Roeter Rebecca
Bought by
Titan Properties Northwest Llc

Purchase Details

Listed on
Feb 25, 2016
Closed on
May 3, 2016
Sold by
Landsem Susan Farrell and Johnson Susan
Bought by
Schwab Jeff and Roeter Rebecca
Seller's Agent
Kimberly Secord
eXp Realty
Buyer's Agent
Joe Hoppis
ENRG Realty
List Price
$350,000
Sold Price
$362,000
Premium/Discount to List
$12,000
3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$307,700
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2005
Sold by
Mcnabb Gordon and Mcnabb Sara
Bought by
Johnson Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 4, 1999
Sold by
City Of Bellingham
Bought by
Mcnabb Gordon D and Mcnabb Sara
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
Schwab Jeff -- None Available
Titan Properties Northwest Llc -- None Available
Schwab Jeff $362,000 Whatcom Land Title
Landsem Susan Farrell -- Whatcom Land Title
Johnson Susan $240,000 First American Title Insuran
Mcnabb Gordon D -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwab Jeff $465,500
Closed Schwab Jeff $465,500
Closed Schwab Jeff $350,000
Previous Owner Schwab Jeff $20,000
Previous Owner Schwab Jeff $307,700
Previous Owner Johnson Susan $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2016 05/09/16 Sold $362,000 +3.4% $204 / Sq Ft
04/03/2016 04/03/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $350,000 -- $198 / 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 $5,697 $713,938 $261,698 $452,240
2023 $5,697 $732,072 $268,345 $463,727
2022 $4,652 $631,108 $231,336 $399,772
2021 $4,564 $500,879 $183,600 $317,279
2020 $4,276 $463,777 $170,000 $293,777
2019 $3,828 $419,973 $141,415 $278,558
2018 $3,855 $376,979 $126,965 $250,014
2017 $3,327 $324,567 $109,310 $215,257
2016 $2,910 $292,694 $98,090 $194,604
2015 $2,854 $266,564 $89,590 $176,974
2014 -- $252,907 $85,000 $167,907
2013 -- $227,027 $68,250 $158,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 897279

Northwest Multiple Listing Service (NWMLS)

APN: 380330-208527-0000