Listed by Windermere Real Estate Whatcom
NOT LISTED FOR SALE

332 E Bellis Fair Pkwy Bellingham, WA 98226

Meridian Neighborhood

Estimated Value: $1,546,000 - $1,865,000

12 Beds
8 Baths
5,972 Sq Ft
$284/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $2,300,000 $385 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $10,271/month

27 Days on Market

Highlights

  • 0.35 Acre Lot
  • Deck
  • Thermal Windows
  • Squalicum High School Rated A-
  • Territorial View
  • Cul-De-Sac

About This Home

As of November 2019

Extremely well maintained 4plex in excellent location with years of dependable tenants. Ideal floor plan, pantry, laundry room, bonus storage, walk-in closet & more in each unit, including gas fireplace, dbl vanity, jetted tub & 2 full baths. Lower units are wheel chair accessible. On main bus line & minutes to I-5, Bellis Fair Mall, Cordata medical campus, shops & services. Less than 1% vacancy rate currently in Bellingham multi family category.

Last Agent to Sell the Property

Mike Kent

Windermere Real Estate Whatcom License #11841 Listed on: 09/16/2019

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1520022

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,663

Year Built

  • Built in 2003

Lot Details

  • 0.35 Acre Lot
  • Cul-De-Sac
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 5,972 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Walnut Grove Short Plat Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 380318157479

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,663

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
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Walnut Grove Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 5972
  • Special Features: VirtualTour
  • Cumulative Days on Market: 390

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, See Remarks, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 4000

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 380318157479
  • Lot Size Acres: 0.35
  • Lot Size: irregular
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 26
  • LeasedItems: None
  • TotalMonthlyIncome: 6185

Multi Family

  • Gross Scheduled Income: 81360
  • Net Operating Income: 65254
  • Number Of Units Total: 4
  • Insurance Expense: 2011
  • Leasable Area: 5972
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6663

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Nov 19, 2019
Sold by
Sieber Helmer and Sieber Terry M
Bought by
Sieber Terry M
Seller's Agent
Mike Kent
Windermere Real Estate Whatcom
List Price
$1,350,000
Sold Price
$2,300,000
Premium/Discount to List
$950,000
70.37%
Current Estimated Value
$1,696,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$604,000
Avg. Annual Appreciation
-6.30%

Purchase Details

Listed on
May 4, 2012
Closed on
Jul 20, 2012
Sold by
Sullivan Robert C and Sullivan Sue C
Bought by
Reflections Nw Llc
Seller's Agent
Shirley Shirley
RE/MAX Whatcom County, Inc.
Buyer's Agent
Mike Kent
Windermere Real Estate Whatcom
List Price
$625,000
Sold Price
$598,500
Premium/Discount to List
-$26,500
-4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.04%
Original Mortgage
$417,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
May 4, 2012
Closed on
Jul 10, 2012
Sold by
Fair Belle I Llc
Bought by
Sullivan Robert C and Sullivan Sue C
Seller's Agent
Shirley Shirley
RE/MAX Whatcom County, Inc.
Buyer's Agent
Mike Kent
Windermere Real Estate Whatcom
List Price
$625,000
Sold Price
$598,500
Premium/Discount to List
-$26,500
-4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2007
Sold by
Dunning Charlene M
Bought by
Fair Belle I Llc

Purchase Details

Closed on
Jul 17, 2006
Sold by
Dunning John D and Dunning Charlene M
Bought by
Dunning Charlene M

Purchase Details

Closed on
Feb 12, 2003
Sold by
Crown Point Holdings Inc
Bought by
Dunning John D and Dunning Charlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
5.93%
Mortgage Type
Commercial
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
Sieber Terry M -- Chicago Title Insurance
Sieber Terry M $2,300,000 Chicago Title Insurance
Reflections Nw Llc -- None Available
Sullivan Robert C $598,780 Chicago Title Insurance
Fair Belle I Llc -- None Available
Dunning Charlene M -- None Available
Dunning John D $485,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sullivan Robert C $417,000
Previous Owner Dunning John D $363,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $2,300,000 +91.7% $385 / Sq Ft
10/13/2019 10/13/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $1,200,000 -11.1% $201 / Sq Ft
09/16/2019 09/16/19 For Sale $1,350,000 +125.6% $226 / Sq Ft
07/16/2012 07/16/12 Sold $598,500 -4.2% $100 / Sq Ft
05/13/2012 05/13/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $625,000 -- $105 / 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 $12,567 $1,547,635 $244,441 $1,303,194
2023 $12,567 $1,615,687 $255,189 $1,360,498
2022 $10,880 $1,417,269 $223,850 $1,193,419
2021 $7,707 $1,171,297 $185,000 $986,297
2020 $7,449 $783,118 $136,299 $646,819
2019 $6,663 $731,535 $127,444 $604,091
2018 $6,896 $656,124 $114,319 $541,805
2017 $5,994 $580,545 $101,150 $479,395
2016 $5,489 $527,429 $92,050 $435,379
2015 $5,729 $502,740 $87,500 $415,240
2014 -- $507,788 $90,300 $417,488
2013 -- $485,012 $87,500 $397,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1520022

Northwest Multiple Listing Service (NWMLS)

APN: 380318-157479-0000