Listed by Summit Properties NW LLC, Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE

Estimated Value: $546,000 - $624,412

4 Beds
1 Bath
1,120 Sq Ft
$505/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $190,000 $170 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $3,327/month

117 Days on Market

About This Home

As of June 2014

Value in property is development potential. Highest and best use indicates development as two - Tri-Plex buildings featuring 3 bedroom/2 baths units would provide significant cash flow in today's tight rental market. Total gross rents could exceed $97,200/year. NOI is very high with limited debt burden and minimal operating expenses & maintenance associated with new buildings. Cost per unit for lot is $47,500. Potential for future capital appreciation is extremely high. Buy,develop,sell!

Last Agent to Sell the Property

Tom Langley

Summit Properties NW LLC Listed on: 02/14/2014

Last Buyer's Agent

Josh Feyen

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM593346

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$4,336

Year Built

1911

Lot Details

0

Listing Details

  • Condition: Fair
  • Sq Ft Finished: 1120
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1911

Interior Features

  • Appliances: Dryer, Range/Oven, Washer
  • Floor: Fir/Softwood, Vinyl

Exterior Features

  • Roof: Composition
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Alley, Curbs, Paved Street, Sidewalk, Value In Land
  • Roof: Composition
  • Site Features: Cable TV, Natural Gas Available, Outbuildings, Propane, Shop
  • View: Territorial
  • Lot Topography: Level

Garage/Parking

  • Parking Type: Carport-Detached, Garage-Detached
  • Total Covered Spaces: 2

Utilities

  • Heating: Baseboard
  • Appliances: Dryer, Range/Oven, Washer
  • Heating and Cooling: Baseboard
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: CITY OF BELLINGHAM
  • Water Company: CITY OF BELLINGHAM
  • Water Source: Public

Schools

  • School District: BEL
  • Elementary School: Roosevelt Elem
  • Middle School: Whatcom Mid
  • High School: Bellingham High

Lot Info

  • Lot Dimensions: 120 ft x 127 ft

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2014
Closed on
Jun 16, 2014
Sold by
Swendt David A
Bought by
Edwards Teggart
Seller's Agent
Tom Langley
Summit Properties NW LLC
Buyer's Agent
Josh Feyen
RE/MAX Whatcom County, Inc.
List Price
$259,000
Sold Price
$190,000
Premium/Discount to List
-$69,000
-26.64%
Current Estimated Value
$537,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,117
Avg. Annual Appreciation
9.88%
Original Mortgage
$152,000
Outstanding Balance
$117,157
Interest Rate
4.09%
Mortgage Type
Unknown
Estimated Equity
$425,303

Purchase Details

Closed on
Oct 25, 2006
Sold by
Swendt David A
Bought by
Swendt David 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
Edwards Teggart $190,280 Whatcom Land Title
Swendt David A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Teggart $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2014 06/20/14 Sold $190,000 -26.6% $170 / Sq Ft
06/12/2014 06/12/14 Pending -- -- --
06/11/2014 06/11/14 For Sale $259,000 0.0% $231 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
05/12/2014 05/12/14 Price Changed $259,000 -3.7% $231 / Sq Ft
04/18/2014 04/18/14 Price Changed $269,000 -3.8% $240 / Sq Ft
03/27/2014 03/27/14 Price Changed $279,500 -1.9% $250 / Sq Ft
02/14/2014 02/14/14 For Sale $285,000 -- $254 / 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 $4,336 $543,277 $384,850 $158,427
2023 $4,336 $557,076 $394,625 $162,451
2022 $3,540 $480,247 $340,200 $140,047
2021 $3,473 $381,148 $270,000 $111,148
2020 $3,203 $352,915 $250,000 $102,915
2019 $2,868 $314,608 $291,148 $23,460
2018 $2,889 $282,454 $261,398 $21,056
2017 $2,481 $243,179 $225,050 $18,129
2016 $2,176 $218,339 $201,950 $16,389
2015 $2,134 $199,355 $184,450 $14,905
2014 -- $189,141 $175,000 $14,141
2013 -- $235,366 $183,750 $51,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM593346

Northwest Multiple Listing Service (NWMLS)

APN: 380320-237009-0000