Listed by Muljat Group
NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,246,000

2 Beds
4 Baths
3,232 Sq Ft
$342/Sq Ft Est. Value

Last Sold November 08, 2017

Last sale price $619,026 $192 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,838/month

102 Days on Market

Highlights

  • 0.37 Acre Lot
  • Deck
  • High Speed Internet
  • Squalicum High School Rated A-
  • Cul-De-Sac
  • Wall to Wall Carpet

About This Home

As of November 2017

Stable, investment 4-plex building for sale! Some recent interior/exterior upgrades and substantial unit turn recently completed. Take advantage of the rental market and own a rare 4-plex in the heart of Bellingham. Rental income/proforma is based on recent rent increase to market rent at $1,000 - $1,050 per unit.

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 07/05/2017

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1155303

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1990

Lot Details

  • 0.37 Acre Lot
  • Cul-De-Sac

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,232 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380320-076192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3232
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2400

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 380320-076192
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4100

Multi Family

  • Gross Scheduled Income: 49200
  • Net Operating Income: 33948
  • Number Of Units Total: 4
  • Electric Expense: 200
  • Insurance Expense: 1800
  • Leasable Area: 3232
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2017
Closed on
Nov 7, 2017
Sold by
Root George R and Root Dorlene A
Bought by
Lake Whatcom Center Foundation
Seller's Agent
Troy Muljat
Muljat Group
List Price
$650,000
Sold Price
$619,026
Premium/Discount to List
-$30,974
-4.77%
Current Estimated Value
$1,105,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,474
Avg. Annual Appreciation
8.25%
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
Lake Whatcom Center Foundation $1,238,052 Whatcom Land Title Co Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2017 11/08/17 Sold $619,026 -1.0% $192 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
09/05/2017 09/05/17 Price Changed $625,000 +4.3% $193 / Sq Ft
07/27/2017 07/27/17 Price Changed $599,000 -7.8% $185 / Sq Ft
07/05/2017 07/05/17 For Sale $650,000 -- $201 / 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 -- $979,118 $284,789 $694,329
2023 $0 $1,003,988 $292,023 $711,965
2022 $6,381 $865,522 $251,748 $613,774
2021 $6,260 $686,922 $199,800 $487,122
2020 $5,638 $636,039 $185,000 $451,039
2019 $5,048 $553,724 $158,052 $395,672
2018 $5,083 $497,029 $141,902 $355,127
2017 $4,388 $427,927 $122,170 $305,757
2016 $3,838 $386,052 $109,630 $276,422
2015 $3,763 $351,509 $100,130 $251,379
2014 -- $333,500 $95,000 $238,500
2013 -- $356,858 $107,625 $249,233
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1155303

Northwest Multiple Listing Service (NWMLS)

APN: 380320-076192-0000