Listed by Windermere Real Estate Whatcom, Bought with CB Cascade - Winthrop
NOT LISTED FOR SALE

Estimated Value: $632,462 - $708,000

2 Beds
1 Bath
1,728 Sq Ft
$394/Sq Ft Est. Value

Last Sold September 08, 2014

Last sale price $265,000 $153 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $4,006/month

6 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Property is in very good condition
  • Squalicum High School Rated A-
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of September 2014

Incredibly clean, well maintained Bellingham duplex in great rental area. Dead end street near Inter Urban Trail and bus stop. Built in 1992, both units are 2 bed, 1 bath, vaulted ceilings, laundry room, carport space and divided by private enclosed deck area with storage. Natural gas water and forced air heat. Consistently good rental record, currently with 2 long term tenants@ $825 and $750/mo. New roof, recent outside paint, one unit recently painted inside with new floor coverings.

Last Agent to Sell the Property

Greg Flint

Windermere Real Estate Whatcom License #24554 Listed on: 07/25/2014

Windermere Real Estate Whatcom

Last Buyer's Agent

David Thomsen

CB Cascade - Winthrop License #73706

CB Cascade - Winthrop

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 673758

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,330

Year Built

  • Built in 1992

Lot Details

  • 6,098 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 400129059457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,330

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1992
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1728
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1578

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 400129059457
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 1575

Multi Family

  • Gross Scheduled Income: 18120
  • Net Operating Income: 13107
  • Number Of Units Total: 2
  • Insurance Expense: 500
  • Leasable Area: 1728
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 2330

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2014
Closed on
Aug 26, 2014
Sold by
Triple Ri Llc
Bought by
Porter Robert
Seller's Agent
Greg Flint
Windermere Real Estate Whatcom
Buyer's Agent
David Thomsen
CB Cascade - Winthrop
List Price
$269,000
Sold Price
$265,000
Premium/Discount to List
-$4,000
-1.49%
Current Estimated Value
$680,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,866
Avg. Annual Appreciation
8.88%

Purchase Details

Closed on
Sep 19, 2006
Sold by
Rasmussen Glen L and Rasmussen Laraine E
Bought by
Triple Ri Llc

Purchase Details

Closed on
Nov 11, 2002
Sold by
Cheung Chi Yeung and Cheung Yuet Ngor
Bought by
Rasmussen Glen L and Rasmussen Laraine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
5.62%
Source: Public Records

Range of Values:

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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
Porter Robert $265,000 Whatcom Land Title
Triple Ri Llc -- None Available
Rasmussen Glen L $156,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rasmussen Glen L $124,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2014 09/08/14 Sold $265,000 -1.5% $153 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $269,000 -- $156 / 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 $4,750 $580,217 $238,607 $341,610
2023 $4,631 $594,955 $244,668 $350,287
2022 $3,781 $512,900 $210,924 $301,976
2021 $3,710 $407,064 $167,400 $239,664
2020 $3,344 $376,911 $155,000 $221,911
2019 $2,994 $328,419 $124,778 $203,641
2018 $3,015 $294,801 $112,028 $182,773
2017 $2,601 $253,814 $96,450 $157,364
2016 $2,275 $228,816 $86,550 $142,266
2015 $2,231 $208,427 $79,050 $129,377
2014 -- $197,749 $75,000 $122,749
2013 -- $223,591 $73,500 $150,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 673758

Northwest Multiple Listing Service (NWMLS)

APN: 380320-310107-0000