NOT LISTED FOR SALE

3218 Cherrywood Ave Bellingham, WA 98225

Estimated Value: $419,000 - $534,000

2 Beds
1 Bath
664 Sq Ft
$739/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $455,000 $685 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,899/month

Highlights

  • RV Access or Parking
  • Ceramic Tile Flooring
  • Level Lot
  • Bellingham High School Rated A
  • High Speed Internet

About This Home

As of July 2021

WOW, 2 homes on one sprawling .55 acre lot just outside city limit line. Live in one and rent the other? Rent both for great income! Perhaps build a 3rd home on the back of property and rent both existing homes? Buyer to verify allowable options. Main home is a vacant 2 BR, 1 BA ready for your updates. The back home is a 560 sq ft Redman manufactured home with 1 BR/1 BA built in 1994, and is currently rented. The title has NOT been eliminated on manuf home. The back half of lot is a beautiful, level, sunny, park-like yard! Great location with tons of potential! Check with your lender regarding financing before submitting offers.

Last Agent to Sell the Property

Kurt Swanson

Windermere Real Estate Whatcom License #21247 Listed on: 06/09/2021

Windermere Real Estate Whatcom

Co-Listed By

Brad Howell

Windermere Real Estate Whatcom License #114717

Last Buyer's Agent

Max Burrage

Bellingham Real Estate Company License #129050

Bellingham Real Estate Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1787645

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 1948

Lot Details

  • 0.55

Home Design

  • Poured Concrete
  • Composition Roof
  • Stucco

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • RV Access or Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Oven or Range
  • Outbuilding
  • Level Lot

Community Details

  • Birchwood Community

Listing and Financial Details

  • Assessor Parcel Number 380214-280208

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,418

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 664
  • Square Footage Finished: 664

Exterior Features

  • Exterior: Stucco
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Stove/Free Standing
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City
  • Water Company: CIty
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Birchwood

Schools

  • School District: BEL

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 23958
  • Lot Topography Vegetation: Level
  • Parcel Number: 380214-280208
  • Zoning Jurisdiction: County
  • Lot Topography: Level

Tax Info

  • Tax Amount: 2307

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 12, 2021
Sold by
Demuth Zoie Marie
Bought by
Wallace Anthony and Monterrosa Karen
Seller's Agent
Kurt Swanson
Windermere Real Estate Whatcom
Buyer's Agent
Max Burrage
Bellingham Real Estate Company
List Price
$395,000
Sold Price
$455,000
Premium/Discount to List
$60,000
15.19%
Current Estimated Value
$490,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,602
Avg. Annual Appreciation
1.38%
Original Mortgage
$418,000
Outstanding Balance
$383,357
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$98,244

Purchase Details

Closed on
Oct 25, 2001
Sold by
Eastwood George E
Bought by
Demuth Zoie M
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
Wallace Anthony $426,861 Chicago Title Bellingham
Demuth Zoie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Anthony $418,000
Closed Wallace Anthony $418,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $455,000 +15.2% $685 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $395,000 -- $595 / 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 $3,418 $377,687 $263,736 $113,951
2023 $3,418 $394,299 $275,336 $118,963
2022 $2,866 $320,568 $223,850 $96,718
2021 $2,307 $264,932 $185,000 $79,932
2020 $2,154 $200,626 $132,405 $68,221
2019 $1,920 $187,517 $123,803 $63,714
2018 $1,980 $168,198 $111,053 $57,145
2017 $1,727 $148,822 $98,260 $50,562
2016 $1,523 $135,340 $89,420 $45,920
2014 -- $126,077 $82,560 $43,517
2013 -- $121,435 $80,000 $41,435
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1787645

Northwest Multiple Listing Service (NWMLS)

APN: 380214-280208-0000