NOT LISTED FOR SALE

Estimated Value: $726,000 - $778,000

2 Beds
1 Bath
1,512 Sq Ft
$498/Sq Ft Est. Value

Last Sold March 30, 2020

Last sale price $485,000 $321 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,704/month

1 Day on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Thermal Windows
  • Fairhaven Middle School Rated A-
  • Corner Lot
  • 1-Story Property

About This Home

As of March 2020

Southside Bellingham Duplex close to Fairhaven & WWU. Updated 2 bedroom units roughly 756 SQ FT. heat pumps, stack washer/dryers, low maintenance vinyl siding, double pane windows, large corner lot. Longer term tenants, rents could easily be increased by over $500 per month. Excellent location, value, investment & opportunity. Show by appointment only.

Last Agent to Sell the Property

Keith Cook

RE/MAX Whatcom County, Inc. License #7189 Listed on: 03/16/2020

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Cory Brandt

RE/MAX Integrity License #17039

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1578880

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,066

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Schools

  • Happy Vly Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Heat Pump System
  • Cable TV Available

Community Details

  • Happy Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3702015561690000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,066

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1512
  • Special Features: None
  • Cumulative Days on Market: 270

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Heat Pump
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 1392

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3702015561690000
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,RV Parking
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1900

Multi Family

  • Gross Scheduled Income: 22800
  • Net Operating Income: 13508
  • Number Of Units Total: 6
  • Insurance Expense: 1000
  • Leasable Area: 1512
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3066

MLS Schools

  • Elementary School: Happy Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Mar 22, 2020
Sold by
Hofmeister Benjamin and Hofmeister Brandie
Bought by
Tridco Llc
Seller's Agent
Keith Cook
RE/MAX Whatcom County, Inc.
Buyer's Agent
Cory Brandt
RE/MAX Integrity
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Total Days on Market
1
Current Estimated Value
$753,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,569
Avg. Annual Appreciation
9.97%

Purchase Details

Closed on
Apr 17, 2013
Sold by
Grannis Christopher and Grannis Sheena L
Bought by
Hofmeister Benjamin and Hofmeister Brandie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2008
Sold by
Massey David E and Massey Susan K
Bought by
Grannis Christopher and Grannis Sheena L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.04%
Mortgage Type
Unknown
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
Tridco Llc $485,000 Chicago Title Company Of Wa
Hofmeister Benjamin $280,280 Chicago Title Insurance
Grannis Christopher $255,280 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hofmeister Benjamin $200,000
Previous Owner Grannis Christopher $187,750
Previous Owner Grannis Christopher $191,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2020 03/30/20 Sold $485,000 -3.0% $321 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $499,900 -- $331 / 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 $5,689 $705,762 $439,244 $266,518
2023 $5,689 $730,995 $454,948 $276,047
2022 $4,683 $622,127 $387,192 $234,935
2021 $4,449 $501,729 $312,260 $189,469
2020 $4,372 $440,109 $273,910 $166,199
2019 $3,066 $417,759 $260,000 $157,759
2018 $3,171 $293,799 $183,365 $110,434
2017 $2,796 $260,787 $162,760 $98,027
2016 $2,545 $240,080 $149,760 $90,320
2015 $2,505 $227,656 $141,960 $85,696
2014 -- $216,812 $135,200 $81,612
2013 -- $207,065 $130,000 $77,065
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1578880

Northwest Multiple Listing Service (NWMLS)

APN: 370201-556169-0000