Listed by Muljat Group, Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE

Estimated Value: $610,000 - $721,000

2 Beds
1 Bath
4,512 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 31, 2013

Last sale price $625,000 $139 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,072/month

36 Days on Market

Highlights

  • 0.34 Acre Lot
  • Deck
  • High Speed Internet
  • Kulshan Middle School Rated A-
  • Patio
  • Property is in very good condition

About This Home

As of August 2013

Unique multi-family investment opportunity at a profitable 6.8% Cap Rate. Two adjacent, separate parcels sold together, with two duplexes and a house for a total of five units. Possible to get conventional financing instead of commercial by financing the parcels separately. Owned by local contractor and in excellent condition. All units are 2 Br / 1 bath with fenced yards. All have one covered plus one uncovered parking space, plus ample guest parking. Fresh exterior paint. Always rented.

Last Agent to Sell the Property

Kirk Ghio

Muljat Group License #13209 Listed on: 06/11/2013

Muljat Group

Last Buyer's Agent

Rebecca Heathcock

RE/MAX Whatcom County, Inc. License #26443

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 500377

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,832

Year Built

  • Built in 1994

Lot Details

  • 0.34 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,512 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Parking

  • 15 Parking Spaces
  • 5 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

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

Community Details

  • Roosevelt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380321079077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,832

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1994
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 4512
  • Special Features: VirtualTour
  • Cumulative Days on Market: 377

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Forced Air, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 4630

Schools

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

Lot Info

  • Parcel Number: 380321079077
  • Lot Size Acres: 0.3389
  • Lot Size Sq Ft: 14764
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 4494

Multi Family

  • Gross Scheduled Income: 53928
  • Net Operating Income: 42370
  • Number Of Units Total: 5
  • Electric Expense: 129
  • Insurance Expense: 1530
  • Leasable Area: 4512
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4832

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2023
Sold by
Brennan Nancy L and Brennan Jeffrey R
Bought by
Brennan Lisa
Current Estimated Value
$674,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$226,009
Interest Rate
6.58%
Mortgage Type
Seller Take Back
Estimated Equity
$421,220

Purchase Details

Closed on
May 24, 2017
Sold by
Vandestraat Properties Llc
Bought by
Brennan Nancy L and Kacmarcik Jeffrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2013
Closed on
Aug 29, 2013
Sold by
Rose Patricia Oconnell and Roe Clyde V
Bought by
Vandestraat Properties Llc
Seller's Agent
Kirk Ghio
Muljat Group
Buyer's Agent
Rebecca Heathcock
RE/MAX Whatcom County, Inc.
List Price
$649,000
Sold Price
$625,000
Premium/Discount to List
-$24,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.29%
Original Mortgage
$437,500
Interest Rate
4.33%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 28, 2002
Sold by
Rose Patricia Oconnell
Bought by
Rose Patricia Oconnell and Roe Jess E
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
Brennan Lisa -- Chicago Title
Brennan Nancy L $304,000 Chicago Title Insurance
Vandestraat Properties Llc $625,280 First American Title Ins
Rose Patricia Oconnell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brennan Lisa $232,000
Previous Owner Brennan Nancy L $228,000
Previous Owner Vandestraat Properties Llc $437,500
Previous Owner Rose Patricia O Connell $80,000
Closed Brennan Lisa $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2013 08/31/13 Sold $625,000 -3.7% $139 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $649,000 -- $144 / 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 $4,546 $569,520 $226,677 $342,843
2023 $4,546 $583,985 $232,434 $351,551
2022 $3,711 $503,444 $200,378 $303,066
2021 $3,641 $399,559 $159,030 $240,529
2020 $3,247 $369,962 $147,250 $222,712
2019 $2,907 $318,931 $124,778 $194,153
2018 $2,928 $286,286 $112,028 $174,258
2017 $2,525 $246,482 $96,450 $150,032
2016 $2,210 $222,188 $86,550 $135,638
2015 $2,167 $202,400 $79,050 $123,350
2014 -- $192,030 $75,000 $117,030
2013 -- $186,427 $73,500 $112,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 500377

Northwest Multiple Listing Service (NWMLS)

APN: 380321-079077-0000