NOT LISTED FOR SALE

Estimated Value: $765,000 - $824,000

2 Beds
2 Baths
2,551 Sq Ft
$309/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $524,300 $206 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,928/month

2 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Kulshan Middle School Rated A-
  • Cul-De-Sac
  • 4-minute walk to St Clair Park

About This Home

As of August 2020

Located in the heart of Bellingham with easy access to extensive Whatcom Falls trails; sunny and spacious upper unit has recently rebuilt deck, large kitchen with new range and washer; flooring replaced in 2018; lower unit also offers great space with vaulted ceiling and large kitchen, nice exterior space on front porch and patio; shared back yard; exterior needs some work and priced accordingly; duplex down street of same size /plan sold in 8/19 for $575,000; take advantage of this opportunity!

Last Listed By

Becky Brunk

Coldwell Banker Bain License #122097 Listed on: 07/10/2020

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1625465

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,928

Year Built

  • Built in 1994

Lot Details

  • 7,405 Sq Ft Lot
  • Cul-De-Sac
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,551 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803280134660000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,928

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1994
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2551
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 281

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Bellingham
  • WaterCompany: Bellingham
  • WaterSewerGarbage: 2601

Schools

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

Lot Info

  • Parcel Number: 3803280134660000
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Gas Available,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 2335

Multi Family

  • Gross Scheduled Income: 28020
  • Net Operating Income: 20491
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2551
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3928

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 6, 2020
Sold by
Iokb Llc
Bought by
Swanson Douglas and Swanson Karla
Seller's Agent
Becky Brunk
Coldwell Banker Bain
List Price
$535,000
Sold Price
$524,300
Premium/Discount to List
-$10,700
-2%
Total Days on Market
2
Current Estimated Value
$789,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,896
Avg. Annual Appreciation
8.84%
Original Mortgage
$393,225
Outstanding Balance
$352,718
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$436,478

Purchase Details

Closed on
Sep 25, 2005
Sold by
Shokeir Marc O and Shokeir Cheryl M
Bought by
Iokb Llc

Purchase Details

Closed on
Feb 8, 2001
Sold by
Vansoest Nyla
Bought by
Shokeir Marc O and Shokeir Cheryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.6%
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
Swanson Douglas $524,300 Whatcom Land Title Co Inc
Iokb Llc -- --
Shokeir Marc O $170,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson Douglas $393,225
Previous Owner Shokeir Marc O $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $524,300 -2.0% $206 / Sq Ft
07/12/2020 07/12/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $535,000 -- $210 / 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 $6,183 $774,932 $246,304 $528,628
2023 $6,183 $794,615 $252,560 $542,055
2022 $5,050 $685,025 $217,728 $467,297
2021 $4,954 $543,671 $172,800 $370,871
2020 $4,387 $503,399 $160,000 $343,399
2019 $3,928 $430,865 $124,778 $306,087
2018 $3,955 $386,750 $112,028 $274,722
2017 $3,414 $332,980 $96,450 $236,530
2016 $2,986 $300,387 $86,550 $213,837
2015 $2,928 $273,514 $79,050 $194,464
2014 -- $259,501 $75,000 $184,501
2013 -- $245,337 $73,500 $171,837
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1625465

Northwest Multiple Listing Service (NWMLS)

APN: 380328-013466-0000