Listed by COMPASS, Bought with Hammer Properties NW Inc.
NOT LISTED FOR SALE

Estimated Value: $664,110 - $793,000

4 Beds
1 Bath
1,848 Sq Ft
$409/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $405,000 $219 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,504/month

6 Days on Market

Highlights

  • Wood Siding
  • Squalicum High School Rated A-
  • Wall to Wall Carpet

About This Home

As of May 2018

Duplex on a quiet dead end street, conveniently located near trails and shopping. 2 bedroom, 1.5 bath & 1 car garage per unit with plenty of extra off street parking. New roofs, floor coverings & furnaces in 2013 and many more recent updates with great tenants make this an easy investment. Identical duplex next door at 2920 2922 Moore Street is also for sale. With vacancy rates low and rents rising, now is the perfect time to buy income property.

Last Agent to Sell the Property

Ann Wark

COMPASS License #21006887 Listed on: 05/03/2018

COMPASS

Last Buyer's Agent

Mike Hayes

Hammer Properties NW Inc. License #18803

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1284706

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,430

Year Built

  • Built in 1987

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,848 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

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

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Rosch Short Plat Condos
  • Barkley Subdivision

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 380320110349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,430

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1987
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Rosch Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 1848
  • Special Features: None
  • Cumulative Days on Market: 366

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Duplex

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: Public
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 1815

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 380320110349
  • Lot Size Acres: 0.17
  • Lot Size: 60x125
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: county records
  • ZoningJurisdiction: City
  • LotNumber: A

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 2000

Multi Family

  • Gross Scheduled Income: 24000
  • Net Operating Income: 18560
  • Number Of Units Total: 2
  • Insurance Expense: 610
  • Leasable Area: 1848
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2430

MLS Schools

  • Elementary School: Sunnyland Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
May 30, 2018
Sold by
Wark Ann
Bought by
Hui Victor and Hui Kathy
Seller's Agent
Ann Wark
COMPASS
Buyer's Agent
Mike Hayes
Hammer Properties NW Inc.
List Price
$409,000
Sold Price
$405,000
Premium/Discount to List
-$4,000
-0.98%
Current Estimated Value
$755,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,278
Avg. Annual Appreciation
8.42%

Purchase Details

Closed on
Mar 19, 2018
Sold by
Sonny O Llc
Bought by
Wark Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,700
Interest Rate
4.44%

Purchase Details

Closed on
Dec 1, 2015
Sold by
Wark Joel
Bought by
Wark Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 23, 2012
Closed on
Feb 26, 2013
Sold by
Sutliff Robert L and Barnett Obra Melinda
Bought by
Thomas Frank E and Thomas Madelyn S
Seller's Agent
Ann Wark
COMPASS
Buyer's Agent
Ann Wark
COMPASS
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.68%
Original Mortgage
$123,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2002
Sold by
Sutliff Leo Curtis and Sutliff Obra Elizabeth
Bought by
Sutliff Leo Curtis and Sutliff Obra Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.51%
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
Hui Victor $405,000 Chicago Title Ins
Wark Ann -- --
Wark Ann -- Whatcom Land Title
Wark Ann $232,883 Whatcom Land Title
Thomas Frank E $205,280 First American Tile Ins
Sutliff Leo Curtis -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wark Ann $469,700
Previous Owner Wark Ann --
Previous Owner Wark Ann $469,700
Previous Owner Wark Ann $300,000
Previous Owner Thomas Frank E $123,000
Previous Owner Sutliff Robert L $184,000
Previous Owner Sutliff Leo Curtis $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $405,000 -1.0% $219 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $409,000 +99.5% $221 / Sq Ft
03/05/2013 03/05/13 Sold $205,000 -18.0% $111 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
08/24/2012 08/24/12 For Sale $250,000 -- $135 / 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 $4,765 $597,109 $238,607 $358,502
2023 $4,765 $612,275 $244,668 $367,607
2022 $3,891 $527,833 $210,924 $316,909
2021 $3,818 $418,915 $167,400 $251,515
2020 $3,475 $387,884 $155,000 $232,884
2019 $3,111 $341,249 $133,096 $208,153
2018 $3,133 $306,319 $119,496 $186,823
2017 $2,702 $263,731 $102,880 $160,851
2016 $2,364 $237,739 $92,320 $145,419
2014 -- $205,469 $80,000 $125,469
2013 -- $232,499 $84,000 $148,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1284706

Northwest Multiple Listing Service (NWMLS)

APN: 380320-110349-0000