Listed by COMPASS, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $845,000 - $1,051,000

1 Bed
3 Baths
2,008 Sq Ft
$464/Sq Ft Est. Value

Last Sold April 29, 2014

Last sale price $360,000 $179 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $5,576/month

48 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • City View
  • High Speed Internet
  • Bellingham High School Rated A
  • Corner Lot
  • Partially Fenced Property

About This Home

As of April 2014

Craftsman-style, always-rented triplex in the heart of Bellingham's strongest rental neighborhood, the upper Lettered Streets. Walk-to-town, 3 blocks from Broadway Park location further enhance the desirability. Enjoy a solid 5.7+ cap rate with tenants already in place in all units. Two 1BR/1BA units on the ground level (one of them larger with an open layout), and a 2BR/1BA unit upstairs. Updated roof and windows, radiant heating panels in the 2BR, and other mechanical upgrades already made

Last Agent to Sell the Property

Brandon Nelson

COMPASS License #25442 Listed on: 01/07/2014

COMPASS

Last Buyer's Agent

James Pullman

eXp Realty License #103629

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 579135

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,341

Year Built

  • Built in 1915

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property Fronts a Bay or Harbor
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Triplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,008 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lettered Streets Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 229
  • Assessor Parcel Number 3803191041000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,341

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1915
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2008
  • SOCComments: Thank you for Showing
  • Special Features: None
  • Cumulative Days on Market: 393

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront Features: Bay/Harbor
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 1387

Schools

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

Lot Info

  • Parcel Number: 3803191041000000
  • Lot Size Acres: 0.11
  • Lot Size: 50x100
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 1

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2210

Multi Family

  • Gross Scheduled Income: 26520
  • Net Operating Income: 21441
  • Number Of Units Total: 3
  • Insurance Expense: 818
  • Leasable Area: 2008
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 2341

MLS Schools

  • Elementary School: Parkview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2014
Closed on
Apr 10, 2014
Sold by
Katz Kenneth M and Katz Luanne W
Bought by
Keenan Jeremiah J
Seller's Agent
Brandon Nelson
COMPASS
Buyer's Agent
James Pullman
eXp Realty
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%
Current Estimated Value
$931,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$571,463
Avg. Annual Appreciation
8.57%
Original Mortgage
$250,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2009
Sold by
English Richard D and English Carol E
Bought by
Katz Kenneth M and Katz Luanne W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
5.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 24, 2000
Sold by
The Cit Group/Consumer Finance Inc
Bought by
English Richard and English Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
7.96%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 27, 1999
Sold by
Kaskes Craig H
Bought by
The Cit Group/Consumer Finance Inc
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
Keenan Jeremiah J $360,280 Chicago Title Insurance
Katz Kenneth M $328,280 Whatcom Land Title
English Richard $125,000 Island Title
The Cit Group/Consumer Finance Inc -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keenan Jeremiah J $241,500
Closed Keenan Jeremiah J $250,000
Previous Owner Katz Kenneth M $207,775
Previous Owner Katz Kenneth M $218,000
Previous Owner English Richard $215,000
Previous Owner English Richard $136,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2014 04/29/14 Sold $360,000 -4.0% $179 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $375,000 -- $187 / 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 $6,012 $753,469 $277,092 $476,377
2023 $6,012 $772,606 $284,130 $488,476
2022 $4,910 $666,052 $244,944 $421,108
2021 $4,817 $528,612 $194,400 $334,212
2020 $4,851 $489,456 $180,000 $309,456
2019 $4,343 $476,384 $141,415 $334,969
2018 $4,373 $427,609 $126,965 $300,644
2017 $3,774 $368,159 $109,310 $258,849
2016 $3,304 $332,104 $98,090 $234,014
2015 $3,240 $302,678 $89,590 $213,088
2014 -- $287,171 $85,000 $202,171
2013 -- $224,645 $68,250 $156,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 579135

Northwest Multiple Listing Service (NWMLS)

APN: 380319-104100-0000