NOT LISTED FOR SALE

2502 Douglas Ave Bellingham, WA 98225

Happy Valley Neighborhood
-- Bed
-- Bath
16,766 Sq Ft
1.54 Acres

Last Sold July 31, 2020

Last sale price $7,207,000 $430 Per Sq Ft

3 Days on Market

Highlights

  • 1.54 Acre Lot
  • Deck
  • High Speed Internet
  • Fairhaven Middle School Rated A-
  • Thermal Windows
  • Partially Fenced Property

About This Home

As of July 2020

Highly sought after 38 unit apartment complex walking distance to the college. Includes 3 buildings having been professionally managed and in very good condition. New roof on all buildings one year ago. Additional shop area that was laundry before w/dryers installed in units. Complex has virtually zero vacancy as rented on 1 year leases & always a waiting list. All apartments are 2 bedrooms with fireplaces & decks/patios. Across the street from a WWU park. Cap based on 2019 & has increased since

Last Agent to Sell the Property

Gary Davidson

Windermere Real Estate Whatcom License #83897 Listed on: 02/03/2020

Windermere Real Estate Whatcom

Last Buyer's Agent

Gary Davidson

Windermere Real Estate Whatcom License #83897 Listed on: 02/03/2020

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1559514

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,488

Year Built

  • Built in 1983

Lot Details

  • 1.54 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 16,766 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 60 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Orchard Meadows Lla Condos
  • Sehome Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 3703060342190000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,488

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1983
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Orchard Meadows LLA
  • New Construction: No
  • CalculatedSquareFootage: 16766
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 60
  • Open Parking: Yes
  • Total Parking Spaces: 60
  • ParkingUncoveredSpaces: 60

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 24160

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3703060342190000
  • Lot Size Acres: 1.54
  • Lot Size Sq Ft: 67082
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Shop
  • MLSLotSizeSource: Corelogic
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 41024

Multi Family

  • Gross Scheduled Income: 470661
  • Net Operating Income: 330533
  • Number Of Units Total: 38
  • Electric Expense: 1437
  • Insurance Expense: 10649
  • Leasable Area: 16766
  • UnitsInBuildingTotal: 38
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 36488

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

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $7,207,000 +19.9% $430 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $6,010,000 -- $358 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Davidson

    Seller's Agent in 2020

    Gary Davidson

    Windermere Real Estate Whatcom

    (360) 927-1827

    1 in this area

    49 Total Sales

    Gary Davidson
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1559514

Northwest Multiple Listing Service (NWMLS)
Washington Whatcom County Bellingham 98225 Happy Valley

2502 Douglas Ave, Bellingham, WA

This home is located at 2502 Douglas Ave, Bellingham, WA 98225 since 03 February 2020. This property was built in 1983. 2502 Douglas Ave is a home located in Whatcom County with nearby schools including Happy Valley Elementary School, Fairhaven Middle School, and Sehome High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes