Listed by Buck Real Estate, Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE

Estimated Value: $703,000 - $833,000

3 Beds
2 Baths
2,704 Sq Ft
$288/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $590,000 $218 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,674/month

18 Days on Market

Highlights

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

About This Home

As of April 2022

Time to invest in Bellingham! Great duplex on a large corner lot with 1352 sq. ft. on each side. One unit has 3 beds, 1.75 baths, and the other has 2 beds plus a den, 1.75 baths. Both units have their own washer/dryer and garage. 3 bed unit has a freshly remodeled kitchen. Room for additional capital improvements to maximize income potential. The current owner has consistently rented to great long-term tenants with almost zero vacancy. The proximity to downtown shopping and restaurants makes this the ideal Bellingham location!

Last Agent to Sell the Property

Marilyn Buck

Buck Real Estate License #25828 Listed on: 02/17/2022

Buck Real Estate

Last Buyer's Agent

Bali Kaur

RE/MAX Whatcom County, Inc. License #138981

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1889411

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,537

Year Built

  • Built in 1981

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 120 x 85
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,704 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Roosevelt Elementary School
  • Kulshan Mid Middle School
  • Bellingham High School

Additional Features

  • Patio
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Roosevelt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803205030760000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,537

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1981
  • Buyer Agency Compensation: 3.0%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2704
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Stone
  • Foundation Details: Poured Concrete
  • 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: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 2955

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Kulshan Mid

Lot Info

  • Parcel Number: 3803205030760000
  • Lot Size Acres: 0.23
  • Lot Size: 120 x 85
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.69
  • LeasedItems: None
  • TotalMonthlyIncome: 3500

Multi Family

  • Gross Scheduled Income: 42000
  • Net Operating Income: 33575
  • Number Of Units Total: 2
  • Insurance Expense: 933
  • Leasable Area: 2704
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4537

MLS Schools

  • Elementary School: Roosevelt Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Apr 4, 2022
Sold by
Norfred Llc
Bought by
Mclean Mitchell
Seller's Agent
Marilyn Buck
Buck Real Estate
Buyer's Agent
Bali Kaur
RE/MAX Whatcom County, Inc.
List Price
$575,000
Sold Price
$590,000
Premium/Discount to List
$15,000
2.61%
Current Estimated Value
$767,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,414
Avg. Annual Appreciation
7.12%
Original Mortgage
$579,313
Outstanding Balance
$550,791
Interest Rate
4.67%
Mortgage Type
FHA
Estimated Equity
$191,659

Purchase Details

Closed on
Feb 24, 2011
Sold by
Watson Laura A
Bought by
Norfred Llc

Purchase Details

Closed on
Apr 18, 2003
Sold by
Aronson Donald I
Bought by
Watson Aronson Noreen A

Purchase Details

Closed on
Aug 30, 2002
Sold by
Duffy Richard A
Bought by
Watson Noreen A and Watson Laura A
Source: Public Records

Range of Values:

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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
Mclean Mitchell $590,000 Chicago Title
Norfred Llc -- None Available
Watson Laura A -- None Available
Watson Aronson Noreen A -- --
Watson Noreen A $185,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclean Mitchell $579,313
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $590,000 +2.6% $218 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
03/05/2022 03/05/22 For Sale $575,000 0.0% $213 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $575,000 -- $213 / 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 $5,662 $709,615 $270,550 $439,065
2023 $5,662 $727,638 $277,421 $450,217
2022 $4,624 $627,286 $239,161 $388,125
2021 $4,537 $497,845 $189,810 $308,035
2020 $4,056 $460,968 $175,750 $285,218
2019 $3,631 $398,301 $134,344 $263,957
2018 $3,656 $357,525 $120,616 $236,909
2017 $3,155 $307,819 $103,845 $203,974
2016 $2,760 $277,590 $93,186 $184,404
2015 $2,706 $252,809 $85,111 $167,698
2014 -- $239,856 $80,750 $159,106
2013 -- $231,420 $66,150 $165,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1889411

Northwest Multiple Listing Service (NWMLS)

APN: 380320-503076-0000