NOT LISTED FOR SALE

3225 Greenwood Ave Bellingham, WA 98225

Estimated Value: $661,000 - $922,159

8 Beds
5 Baths
3,222 Sq Ft
$254/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $390,000 $121 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $5,135/month

4 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • 1-Story Property
  • Bellingham High School Rated A
  • Wall to Wall Carpet

About This Home

As of August 2017

House and 3 Mobiles always rented - Bread and Butter Units. URMIX - No city services to redevelop. Excellent holding property. Long term tenants. Units well maintained. Do not disturb - No sign - No lockbox. Offers subject to Buyer's inspection within 2 days.

Last Agent to Sell the Property

JoAnne Wyatt

Windermere Real Estate Whatcom License #33097 Listed on: 06/19/2017

Windermere Real Estate Whatcom

Co-Listed By

Bill Henshaw

Windermere Real Estate Whatcom License #10323

Last Buyer's Agent

Nick Berard

Keller Williams Western Realty License #26128

Keller Williams Western Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1145901

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,516

Year Built

  • Built in 1928

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 130x189x132x156
  • Property is in average condition

Home Design

  • Quadruplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Built-Up Roof
  • Wood Siding
  • Tie Down
  • Vinyl Construction Material

Interior Spaces

  • 3,222 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Schools

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

Utilities

  • Natural Gas Connected

Community Details

  • Bennett Hill Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 9
  • Assessor Parcel Number 3802232845180000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,516

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1928
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bennett Hill
  • New Construction: No
  • CalculatedSquareFootage: 3222
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: All Cash
  • Special Features: None
  • Cumulative Days on Market: 324

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up, Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Post & Block, Poured Concrete, Tie Down
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 2100

Schools

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

Lot Info

  • Parcel Number: 3802232845180000
  • Lot Size Acres: 0.57
  • Lot Size: 130x189x132x156
  • Lot Size Sq Ft: 24829
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County
  • LotNumber: 16

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2505

Multi Family

  • Gross Scheduled Income: 30060
  • Net Operating Income: 24923
  • Number Of Units Total: 6
  • Insurance Expense: 1172
  • Leasable Area: 3222
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 1516

MLS Schools

  • Elementary School: Birchwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2017
Closed on
Aug 14, 2017
Sold by
Eastwood George E and Eastwood Adrianne
Bought by
Edwards Christopher B and Edwards Hillary T
Seller's Agent
JoAnne Wyatt
Windermere Real Estate Whatcom
Buyer's Agent
Nick Berard
Keller Williams Western Realty
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$819,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,290
Avg. Annual Appreciation
9.84%
Original Mortgage
$300,000
Outstanding Balance
$253,744
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$565,546
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
Edwards Christopher B $390,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Christopher B $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $390,000 0.0% $121 / Sq Ft
06/24/2017 06/24/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $390,000 -- $121 / 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 $7,168 $792,736 $392,040 $400,696
2023 $7,168 $827,603 $409,283 $418,320
2022 $6,016 $672,847 $332,750 $340,097
2021 $4,054 $556,072 $275,000 $281,072
2020 $3,784 $352,540 $163,559 $188,981
2019 $3,373 $329,430 $152,933 $176,497
2018 $3,478 $295,481 $137,183 $158,298
2017 $3,032 $261,444 $121,380 $140,064
2016 $2,677 $237,664 $110,460 $127,204
2015 $2,545 $226,320 $105,000 $121,320
2014 -- $209,272 $82,560 $126,712
2013 -- $200,650 $80,000 $120,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1145901

Northwest Multiple Listing Service (NWMLS)

APN: 380223-284518-0000