NOT LISTED FOR SALE
4 Beds
6 Baths
4,800 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: February 28, 2019

Last sale price $1,500,000 $312 Per Sq Ft

106 Days on Market

Highlights

  • City View
  • Softwood Flooring
  • High Speed Internet
  • Bellingham High School Rated A-
  • Thermal Windows
  • 4-minute walk to Broadway Park

About This Home

As of February 2019

Stable income stream from this amazing turn key investment property. Nearly 100K in net operating income providing a 6.23% Cap rate. Every unit re-done with new kitchens and baths and granite counters, new appliances, and cabinets. Gorgeous fir flooring. , absolutely amazing character. Sought after building with zero vacancy. Income of just under 10K per month. All units are leased. New TPO roof, plumbing and electrical upgrades. Sit back and enjoy the cash flow. GREAT VALUE/100% TURN KEY

Last Agent to Sell the Property

Monte Young

Bellwether Real Estate License #2871 Listed on: 08/30/2018

Bellwether Real Estate

Last Buyer's Agent

Monte Young

Bellwether Real Estate License #2871 Listed on: 08/30/2018

Bellwether Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1352483

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,947

Year Built

  • Built in 1932

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x126
  • Property is in very good condition

Parking

  • Open Parking

Property Views

  • City
  • Territorial

Home Design

  • Poured Concrete
  • Stucco

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Softwood
  • Laminate

Schools

  • Whatcom Mid Middle School
  • Bellingham High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Cornwall Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803193101130000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,947

Year Built

Built in 1932

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1932
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 4800
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Softwood, Laminate, See Remarks
  • Interior Amenities: Fir/Softwood, Laminate Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Thermal Windows

Exterior Features

  • Roof: See Remarks
  • View: City, Territorial
  • Lot Features: Alley, Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

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

Schools

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

Lot Info

  • Parcel Number: 3803193101130000
  • Lot Size Acres: 0.14
  • Lot Size: 50X126
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 9845

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7947

Multi Family

  • Number Of Units Total: 8
  • Electric Expense: 368
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2018
Closed on
Feb 25, 2019
Sold by
Bought by
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Monte Young
Bellwether Real Estate
List Price
$1,750,000
Sold Price
$1,500,000
Premium/Discount to List
-$250,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$861,033
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 13, 2015
Closed on
Nov 20, 2015
Sold by
Bought by
Seller's Agent
Kevin Geraghty
Windermere RE Whatcom, Inc.
Buyer's Agent
Monte Young
Bellwether Real Estate
List Price
$825,000
Sold Price
$818,750
Premium/Discount to List
-$6,250
-0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.41%
Original Mortgage
$840,000
Interest Rate
3.76%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 4, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
5.82%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 Chicago Title Insurance
$818,750 Chicago Title Insurance
$660,280 Chicago Title Insurance
$636,000 First American Title Insuran
$446,600 First American Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,000,000
Previous Owner $840,000
Previous Owner $480,000
Previous Owner $315,000
Previous Owner $342,000
Previous Owner $191,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2019 02/28/19 Sold $1,500,000 -6.0% $313 / Sq Ft
12/14/2018 12/14/18 Pending -- -- --
11/13/2018 11/13/18 Price Changed $1,595,000 -5.6% $332 / Sq Ft
10/12/2018 10/12/18 Price Changed $1,690,000 -3.4% $352 / Sq Ft
08/30/2018 08/30/18 For Sale $1,750,000 +113.7% $365 / Sq Ft
11/25/2015 11/25/15 Sold $818,750 -0.8% $171 / Sq Ft View Prior Sale
07/22/2015 07/22/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $825,000 -- $172 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,233 $2,025,825 $635,724 $1,390,101
2024 $14,030 $1,984,245 $594,144 $1,390,101
2023 $14,030 $1,803,902 $540,144 $1,263,758
2022 $13,848 $1,803,902 $540,144 $1,263,758
2021 $11,833 $1,490,828 $446,400 $1,044,428
2020 $10,342 $1,202,281 $360,000 $842,281
2019 $7,786 $1,015,721 $311,352 $704,369
2018 $7,947 $766,704 $311,352 $455,352
2017 $7,201 $669,012 $271,680 $397,332
2016 $6,917 $633,552 $257,280 $376,272
2015 $6,668 $633,552 $257,280 $376,272
2014 -- $591,000 $240,000 $351,000
2013 -- $585,225 $240,000 $345,225
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1352483

Northwest Multiple Listing Service (NWMLS)
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