Listed by Muljat Group, Bought with HomeSmart One Realty
NOT LISTED FOR SALE

Estimated Value: $755,000 - $805,596

2 Beds
2 Baths
2,416 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $599,000 $248 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,658/month

74 Days on Market

Highlights

  • Ocean View
  • Deck
  • High Speed Internet
  • Kulshan Middle School Rated A-
  • Ceramic Tile Flooring
  • Property is in very good condition

About This Home

As of October 2020

Very well maintained duplex, featuring new roof, heating systems, flooring, appliances and so much more! Fully leased until 2021. This is an exceptional opportunity to invest in a project with no differed maintenance, great long term rental history, all located moments from shopping. Upper unit features bay/city views. All improvements done with high quality items for durability and longevity that are also cosmetically appealing! Recent energy efficiency audit and updates done!

Last Agent to Sell the Property

Ty Jackson

Muljat Group License #23170 Listed on: 07/13/2020

Muljat Group

Last Buyer's Agent

Caitlyn Martinsen

HomeSmart One Realty License #109031

HomeSmart One Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1629690

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1989

Lot Details

  • 8,276 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in very good condition

Property Views

  • Ocean
  • Bay
  • City
  • Territorial

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
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Michigan Street Plat Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 3803210777001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Michigan Street Plat
  • New Construction: No
  • CalculatedSquareFootage: 2416
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Bay, City, Ocean, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • 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
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2128

Fee Information

  • Annual Fuel Expense: 196

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3803210777001
  • 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
  • MLSLotSizeSource: Plat Map
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 5

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3365

Multi Family

  • Gross Scheduled Income: 40380
  • Net Operating Income: 30659
  • Number Of Units Total: 2
  • Insurance Expense: 742
  • Leasable Area: 2416
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4223

MLS Schools

  • Elementary School: Buyer To Verify

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
$782,899

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
$687,396
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$62,215

Purchase Details

Closed on
Apr 26, 2024
Sold by
Eagle Jerry
Bought by
Bergen William and Bergen William J

Home Financials for this Owner

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

Purchase Details

Listed on
Jul 13, 2020
Closed on
Oct 21, 2020
Sold by
Jackson Tyrel
Bought by
Eagle Jerry
Seller's Agent
Ty Jackson
Muljat Group
Buyer's Agent
Caitlyn Martinsen
HomeSmart One Realty
List Price
$613,200
Sold Price
$599,000
Premium/Discount to List
-$14,200
-2.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%
Original Mortgage
$449,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2016
Closed on
Aug 5, 2016
Sold by
Thomas Jerry V and Thomas Catherine A
Bought by
Jackson Tyrel
Seller's Agent
Jacob Hovenier
Weichert Realtors Vanson Assoc
Buyer's Agent
Ty Jackson
Muljat Group
List Price
$338,900
Sold Price
$338,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.41%
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
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
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 R $449,250
Previous Owner Eagle Jerry $449,250
Previous Owner Jackson Tyrel $332,761
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $599,000 0.0% $248 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/18/2020 09/18/20 Price Changed $599,000 -1.6% $248 / Sq Ft
08/17/2020 08/17/20 Price Changed $609,000 -0.7% $252 / Sq Ft
07/13/2020 07/13/20 For Sale $613,200 +80.9% $254 / Sq Ft
08/08/2016 08/08/16 Sold $338,900 0.0% $140 / Sq Ft
08/08/2016 08/08/16 For Sale $338,900 -- $140 / 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: 1629690

Northwest Multiple Listing Service (NWMLS)

APN: 380321-077001-0000