NOT LISTED FOR SALE

Estimated Value: $750,000 - $784,000

2 Beds
2 Baths
2,436 Sq Ft
$315/Sq Ft Est. Value

Last Sold December 12, 2023

Last sale price $740,000 $304 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,542/month

45 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • Kulshan Middle School Rated A-

About This Home

As of December 2023

Great property with expansive backyard, vaulted ceilings, 3bed/2bath, two story, and below market rents. Current rent is $1,350 and $1,400. Market rent is $2,100+, with nearby recent rents at $2,300+. Cap Rate of 5.15% based on $2,100 market rent. The property was built in 1999, and has been well maintained. Owners can choose to rent one side out and live in the second unit, or increase both unit's rent. Both tenants are on month-to-month leases, giving the landlord flexibility on when to raise the rents.

Last Agent to Sell the Property

Derek Worchel

Best Choice Network LLC License #112239 Listed on: 08/29/2023

Best Choice Network LLC

Last Buyer's Agent

Derek Worchel

Best Choice Network LLC License #112239 Listed on: 08/29/2023

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2162535

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,355

Year Built

  • Built in 1999

Lot Details

  • 7,400

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,436 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • 7,400 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380320541050000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,355

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2436
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Post & Pillar
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Available
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 150

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 380320541050000
  • Lot Size Acres: 0.1699
  • Lot Size Sq Ft: 7400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: WLT
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.87
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 41220
  • Number Of Units Total: 2
  • Insurance Expense: 1150
  • Leasable Area: 2436
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5355
  • AdditionalTaxIds: 3803205410510000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Dec 4, 2023
Sold by
Stenberg Noel D
Bought by
Stacy Michael William Davi and Stacy Robin
Seller's Agent
Derek Worchel
Best Choice Network LLC
Buyer's Agent
Derek Worchel
Best Choice Network LLC
List Price
$799,900
Sold Price
$740,000
Premium/Discount to List
-$59,900
-7.49%
Views
9
Current Estimated Value
$766,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,899
Avg. Annual Appreciation
1.99%
Original Mortgage
$555,000
Outstanding Balance
$545,114
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$221,785

Purchase Details

Closed on
May 21, 2019
Sold by
Stenberg Marie
Bought by
Stenberg Noel D

Purchase Details

Closed on
Aug 27, 2002
Sold by
Stephens John D
Bought by
Stenberg Noel D and Stenberg Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1999
Sold by
Westerop Richard and Westerop Alexandra
Bought by
Stephens John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
8.09%
Mortgage Type
Purchase Money Mortgage
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
Stacy Michael William Davi $740,000 Whatcom Land Title
Stenberg Noel D -- None Available
Stenberg Noel D $223,000 First American Title Insuran
Stephens John D $230,000 Charter Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stacy Michael William Davi $555,000
Previous Owner Stenberg Noel D $106,000
Previous Owner Stephens John D $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2023 12/12/23 Sold $740,000 -7.5% $304 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $799,900 -- $328 / 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 $5,715 $716,190 $277,092 $439,098
2023 $5,715 $734,381 $284,130 $450,251
2022 $4,667 $633,099 $244,944 $388,155
2021 $4,579 $502,459 $194,400 $308,059
2020 $4,450 $465,240 $180,000 $285,240
2019 $3,984 $437,013 $124,778 $312,235
2018 $4,012 $392,268 $112,028 $280,240
2017 $3,463 $337,731 $96,450 $241,281
2016 $3,029 $304,682 $86,550 $218,132
2015 $2,970 $277,420 $79,050 $198,370
2014 -- $263,207 $75,000 $188,207
2013 -- $246,297 $73,500 $172,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2162535

Northwest Multiple Listing Service (NWMLS)

APN: 380320-541051-0000