Seller's Agent in 2025
Derek Buse
COMPASS
(360) 599-0379
101 Total Sales
287 Arbel Way Bellingham, WA 98229
2.01
Acres
$2,736,318
Price per Acre
87,556
Sq Ft Lot
Highlights
- Views of a Sound
- Gated Community
- Secluded Lot
- Fairhaven Middle School Rated A-
- Waterfront
- Property is near a preserve or public land
About This Lot
As of January 2025Governors Point is a new enclave of 16 waterfront homes which will be designed by Omer Arbel. Just off Chuckanut Drive south of Bellingham, WA, the project sits on a pristine peninsula jutting into the Salish Sea. All homes will share a rigorous architectural language, which extends throughout the project, including private roads, gates, and other infrastructure. Buffered by a 100-acre nature reserve, the homes enjoy a grandfathered 75' saltwater setback and vistas overlooking the San Juan Islands. Each dwelling, on a +/- 1 acre lot, will be personalized by discerning buyers who appreciate ambitious design in intimate harmony with nature. San Juan Island lifestyle without the hassle of the ferry system. Welcome to lot 2 at Governors Point.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2319969
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,215
Lot Details
- 2.01 Acre Lot
- Waterfront
- Street terminates at a dead end
- Secluded Lot
- Level Lot
HOA Fees
- $417 Monthly HOA Fees
Property Views
- Views of a Sound
- Bay
- Territorial
Utilities
- Sewer Not Available
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 3702264402900000
Community Details
Overview
- Association fees include common area maintenance, road maintenance, snow removal
- Governors Point Condos
- Chuckanut Subdivision
- Property is near a preserve or public land
Recreation
- Trails
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2025
Closed on
Jan 7, 2025
Sold by
Governors Point Land Lp
Bought by
94 3 Inc
Seller's Agent
Derek Buse
COMPASS
Buyer's Agent
Derek Buse
COMPASS
List Price
$5,500,000
Sold Price
$5,500,000
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,829,000
Avg. Annual Appreciation
-93.95%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,500,000 | Chicago Title | |
| Warranty Deed | $2,500,000 | Chicago Title | |
| Warranty Deed | $2,500,000 | Chicago Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/10/2025 01/10/25 | Sold | $5,500,000 | 0.0% | -- |
| 01/08/2025 01/08/25 | Pending | -- | -- | -- |
| 01/07/2025 01/07/25 | For Sale | $5,500,000 | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $4,493 | $1,176,368 | $1,176,368 | -- |
| 2023 | $4,493 | $535,599 | $535,599 | -- |
| 2022 | -- | -- | -- | -- |
Source: Public Records
Agents Affiliated with this Home
-
Derek Buse
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2319969
APN: 370226-440290-0000
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Based on information submitted to the MLS GRID
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