Listed by Bellwether Real Estate, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $661,000 - $720,000

2 Beds
1 Bath
1,680 Sq Ft
$409/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $519,000 $309 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,173/month

13 Days on Market

Highlights

  • Territorial View
  • Patio
  • Wall to Wall Carpet
  • Squalicum High School Rated A-
  • Wood Siding
  • 1-Story Property

About This Home

As of July 2021

Turn-key investment duplex in central Bellingham. Both units 840 sq ft each, 2 br/1 bath with a one-car garage and washers and dryers in each unit for max rent potential. Great building with solid tenants, great track record. Great for the seasoned investor or first-time investor as well.

Last Agent to Sell the Property

Monte Young

Bellwether Real Estate License #2871 Listed on: 06/03/2021

Bellwether Real Estate

Last Buyer's Agent

Galen Hirss

COMPASS License #111047

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1784949

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,874

Year Built

  • Built in 1970

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Sunnyland Elementary School
  • Whatcom Mid Middle School
  • Squalicum High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Roosevelt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380320167151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,874

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1680
  • Special Features: None
  • Cumulative Days on Market: 344

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community, Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 2250

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 380320167151
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2700

Multi Family

  • Gross Scheduled Income: 32400
  • Net Operating Income: 23450
  • Number Of Units Total: 2
  • Insurance Expense: 550
  • Leasable Area: 1680
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3874

MLS Schools

  • Elementary School: Sunnyland Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 14, 2021
Sold by
2614 Oreans Llc
Bought by
Yake David W and Yake Andrea A
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Galen Hirss
COMPASS
List Price
$549,000
Sold Price
$519,000
Premium/Discount to List
-$30,000
-5.46%
Current Estimated Value
$683,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,414
Avg. Annual Appreciation
6.47%
Original Mortgage
$311,400
Outstanding Balance
$286,196
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$382,916

Purchase Details

Closed on
Feb 7, 2020
Sold by
Goblet And Wine Trust
Bought by
Li Huan and Wei Li

Purchase Details

Listed on
Aug 2, 2013
Closed on
Sep 11, 2013
Sold by
Ngo Duyen T
Bought by
2614 Orleans Llc
Seller's Agent
Monte Young
Bellwether Real Estate
Buyer's Agent
Monte Young
Bellwether Real Estate
List Price
$229,900
Sold Price
$235,000
Premium/Discount to List
$5,100
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$188,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2007
Sold by
Karmelich Peter M
Bought by
Ngo Duyen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,750
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
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
Yake David W $518,988 Chicago Title
Li Huan $7,029,000 Whatcom Land Title
2614 Orleans Llc $235,280 Chicago Title Insurance
Ngo Duyen T $235,280 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yake David W $311,400
Previous Owner 2614 Orleans Llc $167,000
Previous Owner 2614 Orleans Llc $188,000
Previous Owner Ngo Duyen T $152,750
Previous Owner Karmelich Peter M $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $519,000 -5.5% $309 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $549,000 +133.6% $327 / Sq Ft
09/13/2013 09/13/13 Sold $235,000 +2.2% $140 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $229,900 -- $137 / 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 $4,789 $600,021 $238,607 $361,414
2023 $4,789 $615,262 $244,668 $370,594
2022 $3,910 $530,407 $210,924 $319,483
2021 $3,836 $420,958 $167,400 $253,558
2020 $3,357 $389,776 $155,000 $234,776
2019 $3,006 $329,698 $124,778 $204,920
2018 $3,027 $295,949 $112,028 $183,921
2017 $2,611 $254,803 $96,450 $158,353
2016 $2,284 $229,710 $86,550 $143,160
2015 $2,240 $209,240 $79,050 $130,190
2014 -- $198,520 $75,000 $123,520
2013 -- $219,519 $73,500 $146,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1784949

Northwest Multiple Listing Service (NWMLS)

APN: 380320-167151-0000