Listed by John L. Scott Anacortes, Bought with Windermere Real Estate Whatcom
$520,000
SOLD SEP 16, 2024

3111 Newmarket St Unit 503 Bellingham, WA 98226

Barkley Neighborhood
1 Bed
1 Bath
753 Sq Ft
$440/mo HOA Fee

Recently Sold

$691 Per Sq Ft

1% Below List Price

39 Days on Market

Highlights

  • Unit is on the top floor
  • Penthouse
  • Gated Community
  • Squalicum High School Rated A-
  • Bay View
  • Property is near public transit

About This Home

As of September 2024

Upscale, penthouse water view condo in Barkley Village, with 2 lovely deck lookouts. Condo neighbors the Bellingham trail system, only moments from the cinema, multiple restaurants/pubs, banks, city library and fitness centers. Ultra-secure entry system, with gated private parking garage. Cozy master bedroom, with private balcony. Office in front area of well-designed, flowing home plan. Beautiful natural scenery from windows across the full view side; high ceilings. Granite countertops in generously broad kitchen, with appliances included. Separate shower/sitting tub in spacious bath. Bellingham offers unique proximity to the beaches and the mountains, only 1 hr. from Vancouver, BC. Investors, take note: No rental cap.

Last Agent to Sell the Property

Ryan Kent Smith

John L. Scott Anacortes License #25847 Listed on: 06/24/2024

John L. Scott Anacortes

Last Buyer's Agent

Kelly Jeffrey

Windermere Real Estate Whatcom License #81042

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2250496

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $463

Year Built

  • Built in 2007

HOA Fees

  • $440 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking
  • Off-Street Parking

Property Views

  • Bay
  • Strait Views
  • City
  • Mountain
  • Territorial

Home Design

  • Penthouse
  • Brick Exterior Construction

Interior Spaces

  • 753 Sq Ft Home
  • Insulated Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Location

  • Unit is on the top floor
  • Property is near public transit

Schools

  • Northern Heights Ele Elementary School
  • Shuksan Mid Middle School
  • Squalicum High School

Utilities

  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include central hot water, common area maintenance, garbage, road maintenance, security, sewer, snow removal, water
  • 36 Units
  • Stephanie / Brylee Association
  • Secondary HOA Phone (360) 306-5061
  • Drake Building Condominium Condos
  • Barkley Subdivision
  • Park Phone (360) 306-5061 | Manager Stephanie (Son-Rise Mgmt.)
  • 5-Story Property

Amenities

  • Elevator
  • Lobby

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$463

Year Built

Built in 2007

Lot Details

0

HOA Fees

$440 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 2007
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: See Remarks
  • Building Name: Drake Building Condominium
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 753
  • SeniorExemption: true
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows,Penthouse,Primary Bath,Top Floor
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2250496?w=Consumer&agent=1789
  • Special Features: None
  • Cumulative Days on Market: 382

Interior Features

  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Upper (4th Floor)
  • Fireplace: No
  • Flooring: Ceramic Tile, See Remarks, Carpet
  • Interior Amenities: Balcony/Deck/Patio, Ceramic Tile, Wall to Wall Carpet
  • Stories: 5
  • Bathrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • FloorNumberOfUnit: 5
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s),Washer(s)
  • StorageLocation: Adjacent Garage
  • WindowCoverings: Blinds (included)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: See Remarks
  • View: Bay, City, Mountain(s), See Remarks, Strait, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, See Remarks
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Rooftop Deck,See Remarks

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common Garage, Off Street
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 8

Utilities

  • Security: SecurityGate, SecurityServices, SecuritySystem
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Other – See Remarks
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Fire Sprinklers, Gated, Lobby Entrance, See Remarks
  • Park Manager Name: Stephanie (Son-Rise Mgmt.)
  • Park Manager Phone: 360-306-5061
  • Senior Community: No
  • Association Fee: 440
  • Association Fee Frequency: Monthly
  • Phone: 360-306-5061
  • Association: Yes
  • Pets Allowed: See Remarks
  • Common Interest: Condominium
  • AssociationContactName: Stephanie / Brylee
  • CoOp: true
  • CommonPropertyFeatures: Cable TV,Elevator,Fire Sprinklers,Gated Entry,Lobby Entrance,Security Gate,See Remarks

Fee Information

  • Association Fee Includes: Central Hot Water, Common Area Maintenance, Garbage, Road Maintenance, Security, See Remarks, Sewer, Snow Removal, Water

Schools

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

Lot Info

  • Parcel Number: 3803205334540032
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Whatcom County Assessor
  • MLSSquareFootageSource: Whatcom County Assessor

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: See Remarks

Rental Info

  • RentalCap: No Rental Cap

Tax Info

  • Year: 2024
  • Tax Annual Amount: 463
  • AdditionalTaxIds: 66154

Multi Family

  • Number Of Units In Community: 36
  • EnergySource: See Remarks
  • UnitsInBuildingTotal: 36

MLS Schools

  • Elementary School: Northern Heights Ele

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Aug 28, 2024
Sold by
Fox Gary Lawrence
Bought by
Jipson Mark
Seller's Agent
Ryan Kent Smith
John L. Scott Anacortes
Buyer's Agent
Kelly Jeffrey
Windermere Real Estate Whatcom
List Price
$524,950
Sold Price
$520,000
Premium/Discount to List
-$4,950
-0.94%
Views
37
Current Estimated Value
$502,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,542
Avg. Annual Appreciation
-3.58%
Original Mortgage
$260,000
Outstanding Balance
$257,457
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$245,001

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 4, 2021
Sold by
Mortensen Doris
Bought by
Fox Gary Lawrence
Seller's Agent
Elise Badgley
RE/MAX Whatcom County, Inc.
Buyer's Agent
Chris Smithson
eXp Realty
List Price
$374,900
Sold Price
$365,000
Premium/Discount to List
-$9,900
-2.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.01%

Purchase Details

Listed on
Mar 2, 2020
Closed on
Mar 21, 2020
Sold by
Dickinson Ronald W
Bought by
Mortensen Doris
Seller's Agent
Doug Foster
HomeSmart One Realty
Buyer's Agent
Elise Badgley
RE/MAX Whatcom County, Inc.
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
May 10, 2018
Sold by
Perry Burton E and Burton E Perry Iii Living Trus
Bought by
Dickinson Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,500
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Jul 17, 2013
Closed on
Aug 29, 2013
Sold by
Gadban Timothy and Gadban Simon
Bought by
Perry Burton E
Seller's Agent
Doug Foster
HomeSmart One Realty
Buyer's Agent
John Angier
Coldwell Banker Bain
List Price
$269,900
Sold Price
$249,000
Premium/Discount to List
-$20,900
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Apr 30, 2008
Sold by
Drake Condominiums Llc
Bought by
Gadban Timothy and Gadban Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $520,000 Whatcom Land Title
Warranty Deed $365,000 Chicago Title Bellingham
Warranty Deed $335,000 Chicago Title Company Of Wa
Warranty Deed $295,500 Chicago Title
Warranty Deed $249,280 Chicago Title Insurance
Warranty Deed $260,280 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Previous Owner $299,495 VA
Previous Owner $298,200 VA
Previous Owner $295,500 VA
Previous Owner $75,000 New Conventional
Previous Owner $195,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $520,000 -0.9% $691 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $524,950 +43.8% $697 / Sq Ft
08/05/2021 08/05/21 Sold $365,000 -2.6% $485 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $374,900 +11.9% $498 / Sq Ft
03/27/2020 03/27/20 Sold $335,000 0.0% $445 / Sq Ft
03/05/2020 03/05/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $335,000 +34.5% $445 / Sq Ft
09/17/2013 09/17/13 Sold $249,000 -7.7% $331 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $269,900 -- $358 / 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 $463 $444,154 $42,112 $402,042
2023 $463 $444,154 $42,112 $402,042
2022 $572 $367,077 $34,804 $267,315
2021 $2,906 $324,847 $30,800 $267,315
2020 $3,082 $295,315 $28,000 $267,315
2019 $2,534 $302,708 $23,898 $278,810
2018 $2,678 $249,508 $19,698 $229,810
2017 $2,368 $225,474 $17,801 $207,673
2016 $2,150 $208,374 $16,451 $191,923
2015 $2,144 $196,974 $15,551 $181,423
2014 -- $190,000 $15,000 $175,000
2013 -- $193,483 $16,016 $177,467
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2250496

Northwest Multiple Listing Service (NWMLS)

APN: 380320-533454-0032