Listed by BHHS Bayside Realty, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $953,000 - $1,021,497

3 Beds
2 Baths
3,058 Sq Ft
$321/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $714,000 $233 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,834/month

50 Days on Market

Highlights

  • Deck
  • Engineered Wood Flooring
  • Cul-De-Sac
  • Squalicum High School Rated A-
  • Thermal Windows
  • Patio

About This Home

As of September 2020

High Demand Rental Property in the heart of Bellingham. This never vacant property has two spacious units. Each unit has 3 bedrooms, 2.5 bathrooms, a master suite with private deck, stainless steel appliances, gas fireplace and a two car garage. The exterior of the building has Hardie lap siding that has been newly painted. The duplex sits on a beautifully landscaped lot, within walking distance to Trader Joes or Barkley Village.

Last Agent to Sell the Property

Elke Incantalupo

BHHS Bayside Realty License #135426 Listed on: 06/16/2020

BHHS Bayside Realty

Last Buyer's Agent

Michelle Harrington

COMPASS License #24000382

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1616003

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,155

Year Built

  • Built in 2006

Lot Details

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

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,058 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 10 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Roosevelt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803201012610000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,155

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2006
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3058
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
  • Interior Amenities: High Efficiency - 90%+, Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Cul-De-Sac, Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803201012610000
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: High Efficiency - 90%+, Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3525

Multi Family

  • Gross Scheduled Income: 45600
  • Net Operating Income: 36715
  • Number Of Units Total: 2
  • Insurance Expense: 970
  • Leasable Area: 3058
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Sep 5, 2020
Sold by
Baldridge Thomas E and Baldridge Kristine D
Bought by
Baldridge Kristine D
Seller's Agent
Elke Incantalupo
BHHS Bayside Realty
Buyer's Agent
Michelle Harrington
COMPASS
List Price
$790,000
Sold Price
$714,000
Premium/Discount to List
-$76,000
-9.62%
Current Estimated Value
$981,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,624
Avg. Annual Appreciation
6.52%
Original Mortgage
$485,000
Outstanding Balance
$346,103
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$635,521

Purchase Details

Listed on
Jun 24, 2013
Closed on
Mar 26, 2014
Sold by
Magnum Pacific Construction Ltd
Bought by
2828 Moore Street Llp
Seller's Agent
Mindy Price
eXp Realty
Buyer's Agent
Christine Farkas
BHHS Bayside Realty
List Price
$435,900
Sold Price
$410,000
Premium/Discount to List
-$25,900
-5.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%

Purchase Details

Closed on
Sep 1, 2005
Sold by
Markstan Capital Llc
Bought by
Magnum Pacific Construction Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.68%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Baldridge Kristine D -- Whatcom Land Title Co Inc
Baldridge Kristine D $714,000 Whatcom Land Title Co Inc
2828 Moore Street Llp $410,280 Whatcom Land Title
Magnum Pacific Construction Ltd $171,280 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldridge Kristine D $485,000
Previous Owner Magnum Pacific Construction Ltd $340,000
Previous Owner Magnum Pacific Construction Ltd $352,000
Previous Owner Markstan Capital Llc $702,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $714,000 0.0% $233 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/20/2020 07/20/20 Price Changed $714,000 -3.5% $233 / Sq Ft
06/25/2020 06/25/20 Price Changed $739,900 -6.3% $242 / Sq Ft
06/16/2020 06/16/20 For Sale $790,000 +92.7% $258 / Sq Ft
04/01/2014 04/01/14 Sold $410,000 -5.9% $134 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
06/25/2013 06/25/13 For Sale $435,900 -- $143 / 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 $7,803 $978,118 $238,607 $739,511
2023 $7,803 $1,002,962 $244,668 $758,294
2022 $6,374 $864,637 $210,924 $653,713
2021 $6,253 $686,220 $167,400 $518,820
2020 $5,718 $635,389 $155,000 $480,389
2019 $5,119 $561,606 $124,778 $436,828
2018 $5,155 $504,094 $112,028 $392,066
2017 $4,452 $434,011 $96,450 $337,561
2016 $3,893 $391,724 $86,550 $305,174
2015 $3,817 $356,577 $79,050 $277,527
2014 -- $338,308 $75,000 $263,308
2013 -- $406,336 $65,625 $340,711
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1616003

Northwest Multiple Listing Service (NWMLS)

APN: 380320-101261-0000