NOT LISTED FOR SALE

249 W Bakerview Rd Unit D-1 Bellingham, WA 98226

Meridian Neighborhood

Estimated Value: $348,000 - $363,000

2 Beds
2 Baths
-- Sq Ft
0.82 Acres

Last Sold June 30, 2016

Last sale price $5,600,000

Current estimated payment $2,189/month

112 Days on Market

Highlights

  • Newly Remodeled
  • Squalicum High School Rated A-
  • 0.82 Acre Lot

About This Home

As of June 2016

Centre Pointe was originally built as a four building condominium community. The three other buildings have been sold off as condos, while the fourth building remain operated as apartments. Featuring 35 units consisting of one and two bedroom layouts. With newer construction and high end condo finishes, Centre Pointe is an attractive and desirable place to live within Bellingham. Located across the street from the Bellis Fair Mall which is home to shopping, restaurants and entertainment.

Patrick Starr

John L. Scott Bellingham License #23504 Listed on: 01/14/2016

John L. Scott Bellingham

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 884420

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $55,511

Year Built

  • Built in 2013 | Newly Remodeled

Lot Details

  • 0.82

Home Design

  • Built-Up Roof
  • Vinyl Construction Material

Parking

  • 50 Parking Spaces
  • 35 Covered Spaces
  • Open Parking

Additional Features

  • 4-Story Property
  • 0.82 Acre Lot

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 176665

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$55,511

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2013
  • Buyer Agency Compensation: $65,000
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • NewConstruction: Completed
  • Special Features: NewHome
  • Cumulative Days on Market: 358

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 35
  • Open Parking Spaces: 15
  • Open Parking: Yes
  • Total Parking Spaces: 50
  • ParkingUncoveredSpaces: 15

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 780

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 176665
  • Lot Size Acres: 0.8212
  • Lot Size Sq Ft: 35772
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 46087

Multi Family

  • Gross Scheduled Income: 582660
  • Net Operating Income: 373172
  • Number Of Units Total: 2
  • Insurance Expense: 2044
  • Leasable Area: 35772
  • UnitsInBuildingTotal: 35
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 55511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2016
Sold by
Penguin Auto Wrecking Inc
Bought by
Centre Pointe Condos Llc
Total Days on Market
112
Current Estimated Value
$353,975

Purchase Details

Listed on
Jan 14, 2016
Closed on
Jun 28, 2016
Sold by
Flp Properties Lllp
Bought by
Penguin Auto Wrecking Inc
Buyer's Agent
Patrick Starr
John L. Scott Bellingham
List Price
$5,990,000
Sold Price
$5,600,000
Premium/Discount to List
-$390,000
-6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.26%
Original Mortgage
$3,600,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2013
Sold by
Filmore Lllp
Bought by
Flp Properties Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,705,000
Interest Rate
3.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 24, 2011
Sold by
Gemstone Holdings Two L L C
Bought by
Filmore Lllp

Purchase Details

Closed on
Jul 10, 2009
Sold by
Millennia Development 2000 Llc
Bought by
Gemstone Holdings Two Llc

Purchase Details

Closed on
Mar 28, 2008
Sold by
Millennia Development 2000 Llc
Bought by
Stewart Duane L and Stewart Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2008
Sold by
Millennia Development 2000 Llc
Bought by
Oblepias Rogelio R and Oblepias Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Barnett Brett T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 2, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Lutz Wayne J and Lutz Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 26, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Baldwin Ryan A and Larson Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Mitcham Shana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 4, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Wemmer Paul J and Wemmer Jean G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 30, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Swinson Paul R and Swinson Arletta J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 28, 2006
Sold by
Lightfriend Gabriel
Bought by
Lightfriend Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 27, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Lightfriend Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 10, 2006
Sold by
Millennia Development 2000 Llc
Bought by
Essen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,410
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Range of Values:

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Average Value
Not Available
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
Centre Pointe Condos Llc -- None Available
Penguin Auto Wrecking Inc $5,600,000 Whatcom Land Title
Flp Properties Lllp -- None Available
Filmore Lllp $525,280 Chicago Title Insurance
Gemstone Holdings Two Llc $6,360,000 Chicago Title Insurance
Stewart Duane L $314,780 Chicago Title Insurance
West Bill $267,180 Chicago Title Insurance
Oblepias Rogelio R -- Chicago Title Insurance
Barnett Brett T $202,980 Chicago Title Insurance
Culbertson Gary $214,180 Chicago Title Insurance
Lutz Wayne J $235,180 Chicago Title Insurance
Baldwin Ryan A $167,180 Chicago Title Insurance
Mitcham Shana L $165,722 Chicago Title Insurance
Wemmer Paul J $209,469 Chicago Title Insurance
Swinson Paul R $222,028 Chicago Title Insurance
Flores Alex A $290,180 Chicago Title Insurance
Lang David M $200,180 Chicago Title Insurance
Lightfriend Sharon -- Chicago Title Insurance
Lightfriend Sharon $240,280 Chicago Title Insurance
Essen Llc $156,456 Chicago Title Insurance
Krautwald Peter $164,506 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penguin Auto Wrecking Inc $3,600,000
Previous Owner Flp Properties Lllp $1,705,000
Previous Owner Filmore Lllp $100,000
Previous Owner Filmore Lllp $3,650,000
Previous Owner Stewart Duane L $25,000
Previous Owner Oblepias Rogelio R $145,000
Previous Owner Mellennia Development 2000 Llc $1,453,500
Previous Owner Millennia Development 2000 Llc $6,800,000
Previous Owner Millennia Development 2000 Llc $0
Previous Owner Dishon Kathy A $35,535
Previous Owner Culbertson Gary $50,000
Previous Owner Barnett Brett T $161,600
Previous Owner Lutz Wayne J $211,410
Previous Owner Baldwin Ryan A $158,555
Previous Owner Mitcham Shana L $131,920
Previous Owner Flores Alex A $28,990
Previous Owner Lang David M $129,000
Previous Owner Flores Alex A $231,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $5,600,000 -6.5% --
05/06/2016 05/06/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $5,990,000 -- --
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 $2,712 $348,152 $34,133 $314,019
2023 $2,712 $348,152 $34,133 $314,019
2022 $2,369 $313,650 $30,750 $282,900
2021 $2,336 $255,000 $25,000 $230,000
2020 $2,227 $237,352 $22,645 $214,707
2019 $1,949 $218,759 $20,871 $197,888
2018 $1,961 $191,874 $18,306 $173,568
2017 $1,716 $165,131 $15,755 $149,376
2016 $1,545 $150,981 $14,405 $136,576
2015 $1,908 $141,500 $13,500 $128,000
2014 -- $169,121 $16,384 $152,737
2013 -- $157,120 $15,221 $141,899
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 884420

Northwest Multiple Listing Service (NWMLS)

APN: 380213-481529-0034