Listed by Windermere Real Estate Whatcom, Bought with eXp Realty
$765,000
SOLD SEP 13, 2024
-- Bed
-- Bath
2,710 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$282 Per Sq Ft

6% Below List Price

100 Days on Market

Highlights

  • Rooftop Deck
  • Territorial View
  • Tankless Water Heater
  • Squalicum High School Rated A-
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of September 2024

This duplex is a great investment opportunity! Each unit has 3 large bedrooms and 1.75 baths, with attached individual garages on a dead-end street in the Barkley neighborhood closely located to the trail system. The lower unit is vacant and has single-level living, and if owner occupied, this can be purchased with just 3.5% down!!! The lower unit had water pipes freeze and has all new flooring, sheetrock, trim, paint, boiler, and hot water tanks. The upper unit (occupied) was the original house and then was raised to add the lower unit below years ago. The upper unit has tenants and a one-year lease ending 9-30-24. Please do not disturb the tenants in 2823, and just view 2821. A tour of the upper unit can be scheduled with proper notice.

Last Agent to Sell the Property

Lynda Hinton

Windermere Real Estate Whatcom License #24074 Listed on: 04/03/2024

Windermere Real Estate Whatcom

Last Buyer's Agent

Lee Jennings

eXp Realty License #27514

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2218380

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,301

Year Built

  • Built in 1968

Lot Details

  • 6,970 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in very good condition

Home Design

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

Interior Spaces

  • 2,710 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Rooftop Deck

Schools

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

Utilities

  • Baseboard Heating
  • Tankless Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Razz Brothers Sp Condos
  • Barkley Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 3803202222520000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,301

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Razz Brothers SP
  • New Construction: No
  • CalculatedSquareFootage: 2710
  • Special Features: None
  • Cumulative Days on Market: 391

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3803202222520000
  • Lot Size Acres: 0.16
  • Lot Size: Irregular
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet,Rooftop Deck
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 4

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.57
  • LeasedItems: None
  • TotalMonthlyIncome: 4100

Multi Family

  • Gross Scheduled Income: 49200
  • Net Operating Income: 8387
  • Number Of Units Total: 2
  • Insurance Expense: 1286
  • Leasable Area: 2710
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5301

MLS Schools

  • Elementary School: Sunnyland Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Sep 12, 2024
Sold by
Takaki Hiroshi and Takaki Mieko
Bought by
Bly Sarah
Seller's Agent
Lynda Hinton
Windermere Real Estate Whatcom
Buyer's Agent
Lee Jennings
eXp Realty
List Price
$815,000
Sold Price
$765,000
Premium/Discount to List
-$50,000
-6.13%
Total Days on Market
100
Views
45
Current Estimated Value
$777,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,166
Avg. Annual Appreciation
1.12%
Original Mortgage
$26,775
Outstanding Balance
$8,190
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$763,713

Purchase Details

Closed on
Apr 26, 2002
Sold by
Rasmussen Donald A
Bought by
Takaki Hiroshi and Takaki Mieko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7%

Purchase Details

Closed on
Aug 26, 1999
Sold by
Rasmussen Karen S
Bought by
Rasmussen Donald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.56%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $765,000 Chicago Title
Warranty Deed $195,000 Stewart Title
Interfamily Deed Transfer -- Island Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $26,775 New Conventional
Open $751,143 FHA
Previous Owner $156,000 No Value Available
Previous Owner $108,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $765,000 -4.0% $282 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
05/14/2024 05/14/24 Price Changed $797,000 -2.2% $294 / Sq Ft
04/03/2024 04/03/24 For Sale $815,000 -- $301 / 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 $5,657 $708,998 $238,607 $470,391
2023 $5,657 $727,007 $244,668 $482,339
2022 $4,620 $626,741 $210,924 $415,817
2021 $4,533 $497,413 $167,400 $330,013
2020 $4,277 $460,568 $155,000 $305,568
2019 $3,829 $420,077 $123,114 $296,963
2018 $3,856 $377,066 $110,534 $266,532
2017 $3,328 $324,643 $95,164 $229,479
2016 $2,911 $292,858 $85,396 $207,462
2015 $2,855 $266,663 $77,996 $188,667
2014 -- $253,001 $74,000 $179,001
2013 -- $271,390 $76,125 $195,265
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2218380

Northwest Multiple Listing Service (NWMLS)

APN: 380320-222252-0000