Listed by Windermere Real Estate Whatcom, Bought with Peace Arch Real Estate
NOT LISTED FOR SALE

3367 Cherrywood Ave Bellingham, WA 98225

Estimated Value: $580,000 - $684,000

2 Beds
1 Bath
1,592 Sq Ft
$396/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $515,000 $323 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,689/month

11 Days on Market

Highlights

  • High Speed Internet
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Squalicum High School Rated A-
  • Wood Siding
  • 1-Story Property

About This Home

As of December 2021

Investor Opportunity! Great Duplex property for 1031 Exchange! Well maintained units each with 2 bedroom/1 bath, with driveway and covered parking with storage. Ideally located with easy access to I5, Costco, Fred Meyers and Bellingham Airport. Always leased and well maintained. Nice large corner lot with plenty of extra parking and outbuilding. Don't wait!

Last Agent to Sell the Property

Kelly Jeffrey

Windermere Real Estate Whatcom License #81042 Listed on: 10/28/2021

Windermere Real Estate Whatcom

Last Buyer's Agent

Julia Mullenix

Peace Arch Real Estate License #133679

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1853104

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,411

Year Built

  • Built in 1971

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • 8 Parking Spaces

Home Design

  • Duplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1,592 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Outdoor Features

  • Outbuilding

Utilities

  • Propane
  • High Speed Internet
  • Cable TV Available

Community Details

  • Birchwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3802141591850000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,411

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1592
  • SOCComments: Thank you for Showing!
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Propane_, Sewer Connected, Electric
  • WaterSewerGarbage: 2315

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3802141591850000
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,Propane
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 2025

Multi Family

  • Gross Scheduled Income: 24300
  • Net Operating Income: 17846
  • Number Of Units Total: 2
  • Insurance Expense: 728
  • Leasable Area: 1875
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3411

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 29, 2021
Sold by
Firmstone David J and Firmstone Sheila K
Bought by
Fink Barbara and Fink Douglas
Seller's Agent
Kelly Jeffrey
Windermere Real Estate Whatcom
Buyer's Agent
Julia Mullenix
Peace Arch Real Estate
List Price
$550,000
Sold Price
$515,000
Premium/Discount to List
-$35,000
-6.36%
Current Estimated Value
$591,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,443
Avg. Annual Appreciation
4.31%
Original Mortgage
$386,250
Outstanding Balance
$358,789
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$242,932

Purchase Details

Closed on
Oct 11, 2006
Sold by
Firmstone David J
Bought by
Firmstone David J and Firmstone Sheila K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.44%
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 Buyer Sale Price Title Company
Fink Barbara $515,000 Chicago Title
Fink Barbara $515,000 Chicago Title
Firmstone David J -- Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fink Barbara $386,250
Closed Fink Barbara $386,250
Previous Owner Firmstone David J $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $515,000 -6.4% $323 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $550,000 -- $345 / 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 $5,406 $513,093 $249,480 $263,613
2023 $5,406 $535,661 $260,453 $275,208
2022 $4,537 $507,352 $211,750 $295,602
2021 $3,411 $419,299 $175,000 $244,299
2020 $3,184 $296,663 $116,828 $179,835
2019 $2,838 $277,193 $109,238 $167,955
2018 $2,927 $248,626 $97,988 $150,638
2017 $2,551 $219,986 $86,700 $133,286
2016 $2,253 $199,948 $78,900 $121,048
2015 $2,133 $190,449 $75,000 $115,449
2014 -- $175,351 $72,240 $103,111
2013 -- $168,178 $70,000 $98,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1853104

Northwest Multiple Listing Service (NWMLS)

APN: 380214-159185-0000