Listed by RE/MAX Whatcom County, Inc., Bought with Follis Realty LLC
NOT LISTED FOR SALE

Estimated Value: $2,156,000 - $3,455,029

7 Beds
5 Baths
9,600 Sq Ft
$296/Sq Ft Est. Value

Last Sold September 26, 2012

Last sale price $1,249,000 $130 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $16,867/month

544 Days on Market

Highlights

  • 0.34 Acre Lot
  • Deck
  • Patio
  • Kulshan Middle School Rated A-
  • Thermal Windows
  • Ceramic Tile Flooring

About This Home

As of September 2012

CAP Rate at 7 with out management fees and at 6.4 CAP with management fees (5%). Built in 2006 in like new condition with 8 total units in high demand rental area. Rental rates are low and could be raised to approximately $115,200 Gross Scheduled Income annually. Buildings are very attractive Northwest Craftsman style with spacious, open floor plans. "Other" item in annual expenses is for property management fees which the new owner can choose to continue or not to add to the profitability.

Last Agent to Sell the Property

Eric Snow

RE/MAX Whatcom County, Inc. License #49490 Listed on: 02/18/2011

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Jeff Sawyer

Follis Realty LLC License #5566

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 184956

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 2006

Lot Details

  • 0.34 Acre Lot
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 9,600 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 16 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Legal Lot and Block 15,16,17 / C
  • Assessor Parcel Number 3803203280630000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,019

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2006
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 9600
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 16

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 8152

Schools

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

Lot Info

  • Parcel Number: 3803203280630000
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • ZoningClass: Multi-Family
  • LotNumber: 15,16,17

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 8190

Multi Family

  • Gross Scheduled Income: 103200
  • Net Operating Income: 85576
  • Number Of Units Total: 8
  • Insurance Expense: 2453
  • Leasable Area: 9600
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2010
  • Tax Annual Amount: 7019

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2012
Sold by
Davis John R
Bought by
The John R Davis & Janice M Jung Revocab
Current Estimated Value
$2,844,676

Purchase Details

Listed on
Feb 18, 2011
Closed on
Sep 10, 2012
Sold by
Jung Janice M
Bought by
Davis John R
Seller's Agent
Eric Snow
RE/MAX Whatcom County, Inc.
Buyer's Agent
Jeff Sawyer
Follis Realty LLC
List Price
$1,275,000
Sold Price
$1,249,000
Premium/Discount to List
-$26,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Mar 30, 2010
Sold by
Savchuk Sergey and Savchuk Svetlana
Bought by
Jj Enterprises I Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.95%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 2002
Sold by
Coffin Richard W and Coffin Julie A
Bought by
Sauchuk Sergy and Sauchuk Svetlana
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
The John R Davis & Janice M Jung Revocab -- None Available
Davis John R -- First American Title Ins
Davis John R $1,249,280 First American Title Ins
Jj Enterprises I Llp -- None Available
Jj Enterprises Llp $1,145,280 First American Title Insuran
Sauchuk Sergy $130,810 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jj Enterprises Llp $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2012 09/26/12 Sold $1,249,000 -2.0% $130 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
02/18/2011 02/18/11 For Sale $1,275,000 -- $133 / 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 $20,694 $2,595,104 $384,850 $2,210,254
2023 $20,694 $2,661,018 $394,625 $2,266,393
2022 $16,911 $2,294,021 $340,200 $1,953,821
2021 $16,591 $1,820,652 $270,000 $1,550,652
2020 $16,650 $1,685,789 $250,000 $1,435,789
2019 $14,905 $1,635,160 $291,148 $1,344,012
2018 $15,010 $1,467,687 $261,398 $1,206,289
2017 $12,967 $1,263,641 $225,050 $1,038,591
2016 $11,336 $1,140,895 $201,950 $938,945
2015 $11,115 $1,038,331 $184,450 $853,881
2014 -- $985,134 $175,000 $810,134
2013 -- $821,204 $88,200 $733,004
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 184956

Northwest Multiple Listing Service (NWMLS)

APN: 380320-328063-0000