NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,081,000

2 Beds
4 Baths
3,264 Sq Ft
$323/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $945,000 $290 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,566/month

17 Days on Market

Highlights

  • Deck
  • Territorial View
  • No HOA
  • Kulshan Middle School Rated A-
  • Corner Lot
  • Vinyl Plank Flooring

About This Home

As of February 2022

Great 4-plex on a large, sunny corner lot. 2 bed/1 bath units all equipped with washer/dryers, dishwashers, large living spaces and private decks. Well maintained with newer roof, gutters and fascia boards, plus two recently remodeled units which have been nicely updated with luxury vinyl plank flooring, new lighting and interior paint. Central Bellingham location, close to shopping, restaurants, breweries and trails. Two long term tenants (over 20 years) and over 4% cap rate at current below market rents.

Last Agent to Sell the Property

Chet Kenoyer

Windermere Real Estate Whatcom License #7168 Listed on: 01/13/2022

Windermere Real Estate Whatcom

Last Buyer's Agent

Kris Murphy

KW Greater Seattle License #25908

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1877989

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,486

Year Built

  • Built in 1988

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Alabama Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803204730300000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,486

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1988
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3264
  • Special Features: None
  • Cumulative Days on Market: 298

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 4191

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3803204730300000
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18.4
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 50820
  • Net Operating Income: 38959
  • Number Of Units Total: 4
  • Insurance Expense: 1184
  • Leasable Area: 3264
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6486

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Dec 17, 2018
Sold by
Mauro David J
Bought by
Davison Drew A and Davison Rachel R
Seller's Agent
Laurie Satushek
Keller Williams Western Realty
Buyer's Agent
Gina Harris
Windermere Real Estate Whatcom
List Price
$608,000
Sold Price
$608,000
Total Days on Market
17
Current Estimated Value
$1,053,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,354
Avg. Annual Appreciation
9.21%
Original Mortgage
$577,600
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2013
Closed on
Jul 23, 2013
Sold by
Devilbiss Jerome L
Bought by
Mauro David J
Seller's Agent
Julie Carney
RJR Real Estate Inc.
Buyer's Agent
Laurie Satushek
Keller Williams Western Realty
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%

Purchase Details

Closed on
Aug 13, 2004
Sold by
Williams Steve A and Williams Jerri L
Bought by
Devilbiss Jerome L and Devilbiss Anita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
4.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2003
Sold by
Shintaffer Dean P and Shintaffer Joyce A
Bought by
Williams Steven A and Williams Jerri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.75%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Davison Drew A $608,000 Whatcom Land Title
Mauro David J $390,280 First American Title Ins
Devilbiss Jerome L $335,000 First American Title Insuran
Williams Steven A $280,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davison Drew A $45,000
Open Davison Drew A $600,000
Closed Dawson Drew A $600,000
Closed Davison Drew A $577,600
Previous Owner Devilbiss Jerome L $278,500
Previous Owner Devilbiss Jerome L $268,000
Previous Owner Williams Steven A $224,000
Closed Williams Steven A $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $945,000 +1.1% $290 / Sq Ft
01/30/2022 01/30/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $935,000 +53.8% $286 / Sq Ft
12/27/2018 12/27/18 Sold $608,000 0.0% $169 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $608,000 0.0% $169 / Sq Ft
09/11/2018 09/11/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $608,000 +55.9% $169 / Sq Ft
07/31/2013 07/31/13 Sold $390,000 -2.3% $108 / Sq Ft
07/08/2013 07/08/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $399,000 -- $111 / 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 $8,094 $1,014,560 $307,880 $706,680
2023 $8,094 $1,040,329 $315,700 $724,629
2022 $6,611 $896,852 $272,160 $624,692
2021 $6,486 $711,787 $216,000 $495,787
2020 $5,272 $659,062 $200,000 $459,062
2019 $4,720 $517,732 $149,733 $367,999
2018 $4,753 $464,723 $134,433 $330,290
2017 $4,102 $400,113 $115,740 $284,373
2016 $3,588 $360,949 $103,860 $257,089
2015 $3,518 $328,658 $94,860 $233,798
2014 -- $311,820 $90,000 $221,820
2013 -- $265,411 $88,200 $177,211
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1877989

Northwest Multiple Listing Service (NWMLS)

APN: 380320-473030-0000