Listed by Coldwell Banker Bain, Bought with Bellwether Real Estate
NOT LISTED FOR SALE

2304 Michigan St Unit A & B Bellingham, WA 98229

Alabama Hill Neighborhood

Estimated Value: $703,000 - $792,510

2 Beds
1 Bath
2,416 Sq Ft
$314/Sq Ft Est. Value

Last Sold May 09, 2024

Last sale price $745,000 $308 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,505/month

10 Days on Market

Highlights

  • Deck
  • No HOA
  • Patio
  • Kulshan Middle School Rated A-
  • Forced Air Heating and Cooling System
  • Vinyl Plank Flooring

About This Home

As of May 2024

Investor Alert! Seize the opportunity to invest in a prime Bellingham duplex with excellent maintenance and a stellar rental record. Each unit offers 2 bedrooms and 2 bathrooms, complete w/ separate garage space for each unit. Strategically located close to downtown, Trader Joe's and an array of shopping and restaurants, this property promises unparalleled convenience for tenants. The lower unit features lofted ceilings, a fully fenced private yard designed for minimal upkeep, a cozy gas fireplace and A/C. The upper unit delights with a sun-drenched private deck and great city views. Exceptional multi-family investment opportunity in a sought-after location.

Last Agent to Sell the Property

Jeffery Morrison

Coldwell Banker Bain License #28017 Listed on: 03/26/2024

Coldwell Banker Bain

Co-Listed By

Caroline Hamilton

Coldwell Banker Bain License #138051

Last Buyer's Agent

Ethan Hunger

Bellwether Real Estate License #130551

Bellwether Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2214555

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,535

Year Built

  • Built in 1989

Lot Details

  • 8,276 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,416 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803210770010000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,535

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1989
  • Buyer Agency Compensation: 2.50
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2416
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Forced Air, None
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • CableConnected: Comcast Xfinity
  • InternetConnected: Comcast Xfinity
  • WaterSewerGarbage: 2900

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803210770010000
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 17.95
  • LeasedItems: None,Washer/Dryer
  • TotalMonthlyIncome: 3550

Multi Family

  • Gross Scheduled Income: 42600
  • Net Operating Income: 32365
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2416
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5535

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2025
Sold by
Bergen William
Bought by
Bergen William
Current Estimated Value
$757,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Outstanding Balance
$684,325
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$73,553

Purchase Details

Listed on
Mar 26, 2024
Closed on
Apr 26, 2024
Sold by
Eagle Jerry
Bought by
Bergen William and Bergen William J
Seller's Agent
Jeffery Morrison
Coldwell Banker Bain
Buyer's Agent
Ethan Hunger
Bellwether Real Estate
List Price
$765,000
Sold Price
$745,000
Premium/Discount to List
-$20,000
-2.61%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.23%
Original Mortgage
$680,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2020
Sold by
Jackson Tyrel
Bought by
Eagle Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2016
Sold by
Thomas Jerry V and Thomas Catherine A
Bought by
Jackson Tyrel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,761
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 2013
Sold by
Mason Rebecca L
Bought by
Thomas Jerry and Thomas Catherine A
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
Bergen William $313 Whatcom Land Title
Bergen William $745,000 Chicago Title
Eagle Jerry $599,000 Chicago Title Bellingham
Jackson Tyrel $338,900 Whatcom Land Title
Thomas Jerry $275,280 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bergen William $688,000
Previous Owner Bergen William $680,000
Previous Owner Eagle Jerry $449,250
Previous Owner Jackson Tyrel $332,761
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $745,000 -2.6% $308 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $765,000 -- $317 / 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 $5,849 $732,970 $246,304 $486,666
2023 $5,849 $751,587 $252,560 $499,027
2022 $4,776 $647,931 $217,728 $430,203
2021 $4,686 $514,231 $172,800 $341,431
2020 $4,223 $476,140 $160,000 $316,140
2019 $3,781 $414,767 $128,105 $286,662
2018 $3,807 $372,302 $115,015 $257,287
2017 $3,286 $320,541 $99,022 $221,519
2016 $2,874 $289,124 $88,858 $200,266
2015 $2,818 $263,281 $81,158 $182,123
2014 -- $249,792 $77,000 $172,792
2013 -- $228,233 $73,500 $154,733
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2214555

Northwest Multiple Listing Service (NWMLS)

APN: 380321-077001-0000