Listed by Windermere Real Estate Whatcom, Bought with Hammer Properties NW Inc.
NOT LISTED FOR SALE

Estimated Value: $730,105 - $925,000

3 Beds
2 Baths
1,996 Sq Ft
$399/Sq Ft Est. Value

Last Sold February 13, 2018

Last sale price $480,000 $240 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,659/month

29 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Wood Siding
  • Bellingham High School Rated A-
  • Partially Fenced Property
  • 1-minute walk to Cornwall Tot Lot

About This Home

As of February 2018

Character duplex located in desirable Lettered Streets! Great investment opportunity or live in one and rent the other. 3 bed 1 bath on each level, ample off street parking & separate unit entrances. Fully updated/retrofit in 1990, new membrane roof and exterior/interior paint and flooring summer 2017. Collecting approx $2,700/mo with tenant paid utilities and garbage. Opportunity to increase revenue with allowing use of existing storage shed by tenants. Within walking distance to all amenities.

Last Agent to Sell the Property

Mike Kooy

Windermere Real Estate Whatcom License #113215 Listed on: 11/17/2017

Windermere Real Estate Whatcom

Last Buyer's Agent

Chris Vazquez

Hammer Properties NW Inc. License #108106

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1219969

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1904

Lot Details

  • 4,792 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 1,996 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lettered Streets Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380319231025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,307

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1904
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1996
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Flat, See Remarks
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 380319231025
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2698

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3307

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2017
Closed on
Feb 5, 2018
Sold by
King Lance and Leja Anastasia
Bought by
Clark Kevin and Clark Shelly
Seller's Agent
Mike Kooy
Windermere Real Estate Whatcom
Buyer's Agent
Chris Vazquez
Hammer Properties NW Inc.
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Current Estimated Value
$797,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,276
Avg. Annual Appreciation
6.63%
Original Mortgage
$339,450
Outstanding Balance
$285,489
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$511,787

Purchase Details

Closed on
Mar 26, 2004
Sold by
Daniels Christopher M and Daniels Amie R
Bought by
King Lance and Leja Anastasia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,160
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2001
Sold by
Pepperworth Rick R and Pepperworth Norma L
Bought by
Daniels Christopher M and Daniels Amie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clark Kevin $480,000 Chicago Title
King Lance $270,200 Chicago Title Insurance
Daniels Christopher M $165,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Kevin $339,450
Previous Owner King Lance $216,160
Previous Owner Daniels Christopher M $148,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2018 02/13/18 Sold $480,000 -3.8% $240 / Sq Ft
12/17/2017 12/17/17 Pending -- -- --
11/17/2017 11/17/17 For Sale $499,000 -- $250 / 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
2025 $5,876 $739,334 $269,552 $469,782
2024 $5,728 $717,791 $261,698 $456,093
2023 $5,728 $736,023 $268,345 $467,678
2022 $4,678 $634,514 $231,336 $403,178
2021 $4,589 $503,582 $183,600 $319,982
2020 $4,251 $466,280 $170,000 $296,280
2019 $3,805 $417,451 $141,415 $276,036
2018 $3,832 $374,715 $126,965 $247,750
2017 $3,307 $322,618 $109,310 $213,308
2016 $2,893 $290,933 $98,090 $192,843
2015 $2,836 $264,962 $89,590 $175,372
2014 -- $251,387 $85,000 $166,387
2013 -- $225,464 $68,250 $157,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1219969

Northwest Multiple Listing Service (NWMLS)

APN: 380319-231025-0000