Listed by Windermere Real Estate Whatcom, Bought with Windermere Prof Partners
$1,125,000
SOLD FEB 28, 2025

312 Nooksack Ave Lynden, WA 98264

9 Beds
7 Baths
3,752 Sq Ft
0.31 Acres

Recently Sold

$300 Per Sq Ft

2% Below List Price

Highlights

  • Territorial View
  • No HOA
  • Wall to Wall Carpet
  • Corner Lot
  • Forced Air Heating and Cooling System

About This Home

As of February 2025

Rare 6+% cap rate on this well-maintained 4-plex in a cute Lynden neighborhood! Featuring a 3-bed house + triplex on a single corner lot, this unique opportunity combines a strong financial profile with a great location. Generating over $91k GSI + $69k NOI, this property offers robust cash flow on top of future appreciation. Triplex units are all 2-bed/2-bath + have been remodeled/updated in the last year. All units have own laundry + 1-car garage. Triplex updates include flooring, paint, appliances, and counters. Financials reflect current professional management of 7% w/ self-managed potential for a 6.7% cap rate! Presents a tremendous 1031 option as well!

Last Agent to Sell the Property

Jacson Bevens

Windermere Real Estate Whatcom License #127233 Listed on: 01/16/2025

Windermere Real Estate Whatcom

Last Buyer's Agent

Simon Karavai

Windermere Prof Partners License #135131

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2322702

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,738

Year Built

  • Built in 2003

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 15' x 89'
  • Corner Lot

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,752 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 9 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Fisher Elementary School
  • Lynden Mid Middle School
  • Lynden High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Candini Lla Condos
  • Lynden Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 4003205045260000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,738

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2003
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Candini LLA
  • New Construction: No
  • CalculatedSquareFootage: 3752
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Exterior Features: Cement Planked
  • Foundation Details: Block
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lynden
  • High School: Lynden High
  • Middle Or Junior School: Lynden Mid

Lot Info

  • Parcel Number: 4003205045260000
  • Lot Size Acres: 0.31
  • Lot Size: 15' x 89'
  • Lot Size Sq Ft: 13504
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.53
  • LeasedItems: None
  • TotalMonthlyIncome: 7650

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5738

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Fisher Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Feb 24, 2025
Sold by
Candini-Kalin Llc
Bought by
Acala Jeremy
Seller's Agent
Jacson Bevens
Windermere Real Estate Whatcom
Buyer's Agent
Simon Karavai
Windermere Prof Partners
List Price
$1,150,000
Sold Price
$1,125,000
Premium/Discount to List
-$25,000
-2.17%
Views
4
Current Estimated Value
$1,126,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,862
Avg. Annual Appreciation
-1.90%
Original Mortgage
$1,100,000
Outstanding Balance
$1,092,695
Interest Rate
7.04%
Mortgage Type
VA
Estimated Equity
$13,891

Purchase Details

Closed on
Jun 28, 2023
Sold by
Kalin Family 2000 Trust
Bought by
Candini-Kalin Llc

Purchase Details

Closed on
Aug 3, 2016
Sold by
Candini Christopher C and Candini Beckey L
Bought by
Chris & Beckey Candini Living Trust

Purchase Details

Closed on
Jul 26, 2016
Sold by
Kalin Steven D and Kalin Candice L
Bought by
Kalin Family 2000 Trust

Purchase Details

Closed on
Mar 21, 2002
Sold by
Douma Peter and Douma Johanna
Bought by
Candini Christopher and Candini Beckey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.78%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,125,000 Chicago Title
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $239,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,100,000 VA
Previous Owner $290,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $1,125,000 -2.2% $300 / Sq Ft
01/26/2025 01/26/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $1,150,000 -- $307 / 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
2025 $6,148 $869,534 $300,108 $569,426
2024 $5,738 $811,861 $266,750 $545,111
2023 $5,738 $799,145 $275,000 $524,145
2022 $5,932 $779,137 $234,663 $544,474
2021 $5,818 $643,907 $193,934 $449,973
2020 $5,096 $574,932 $173,160 $401,772
2019 $4,533 $527,282 $158,990 $368,292
2018 $4,955 $480,880 $144,833 $336,047
2017 $4,637 $431,631 $130,000 $301,631
2016 $4,377 $429,634 $132,000 $297,634
2015 $3,879 $403,363 $126,960 $276,403
2014 -- $389,696 $122,640 $267,056
2013 -- $387,056 $120,000 $267,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2322702

Northwest Multiple Listing Service (NWMLS)

APN: 400320-504526-0000