NOT LISTED FOR SALE

340 Garfield St Unit 4 Sumas, WA 98295

Estimated Value: $418,000 - $1,067,000

5 Beds
3 Baths
2,000 Sq Ft
$323/Sq Ft Est. Value

Last Sold December 05, 2012

Last sale price $198,000 $99 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $3,846/month

1,558 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Wall to Wall Carpet
  • Territorial View
  • Property is in very good condition

About This Home

As of December 2012

Very nice new duplex in Sumas. Fully rented with little or no maintenance. 3 bedroom 2 bath unit at 1100 square feet and a 2 bedroom 1 bath unit at 900 square feet. Great looking all new building. Always fully rented.

Last Agent to Sell the Property

Lester Van Mersbergen

Windermere Real Estate Whatcom License #15907 Listed on: 07/07/2008

Windermere Real Estate Whatcom

Last Buyer's Agent

Lester Van Mersbergen

Windermere Real Estate Whatcom License #15907 Listed on: 07/07/2008

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 28117725

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,898

Year Built

  • Built in 2007

Lot Details

  • 0.44 Acre Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Sumas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4104350233170004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,898

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2007
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2000
  • Special Features: None
  • Cumulative Days on Market: 1,008

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • Bathrooms: 0
  • BathsFullMain: 0
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Post & Pillar
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: City of Sumas
  • SewerCompany: City of Sumas
  • WaterCompany: City of Sumas
  • WaterSewerGarbage: 1440

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Nooksack Valley

Lot Info

  • Parcel Number: 4104350233170004
  • Lot Size Acres: 0.44
  • Lot Size Sq Ft: 19166
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1550

Multi Family

  • Gross Scheduled Income: 16947
  • Net Operating Income: 8948
  • Number Of Units Total: 2
  • Insurance Expense: 748
  • Leasable Area: 1918
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 6

Tax Info

  • Year: 2010
  • Tax Annual Amount: 2898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2008
Closed on
Nov 30, 2012
Sold by
Maclin Llc
Bought by
Ak Land Company Llc
Seller's Agent
Lester Van Mersbergen
Windermere Real Estate Whatcom
Buyer's Agent
Lester Van Mersbergen
Windermere Real Estate Whatcom
List Price
$269,000
Sold Price
$198,000
Premium/Discount to List
-$71,000
-26.39%
Current Estimated Value
$630,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,077
Avg. Annual Appreciation
10.86%

Purchase Details

Closed on
Dec 22, 2010
Sold by
Duke Development Corporation
Bought by
Maclin Llc

Purchase Details

Closed on
Jul 26, 2007
Sold by
Tres Rios Llc
Bought by
Duke Development Corp

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
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2007
Sold by
Duke Development Corp
Bought by
Tres Rios Llc

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
6.73%
Mortgage Type
Purchase Money Mortgage
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
Ak Land Company Llc $396,280 Chicago Title Insurance
Maclin Llc -- Whatcom Land Title
Duke Development Corp -- Chicago Title Insurance
Tres Rios Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duke Development Corporation $285,000
Previous Owner Duke Development Corp $185,000
Previous Owner Duke Development $1,387,875
Closed Ak Land Company Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2012 12/05/12 Sold $198,000 -26.4% $99 / Sq Ft
10/12/2012 10/12/12 Pending -- -- --
07/07/2008 07/07/08 For Sale $269,000 -- $135 / 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 $4,393 $462,780 $60,000 $402,780
2023 $4,393 $449,208 $110,010 $339,198
2022 $3,918 $408,366 $100,008 $308,358
2021 $4,011 $346,063 $84,750 $261,313
2020 $3,548 $303,555 $74,340 $229,215
2019 $2,745 $279,790 $68,520 $211,270
2018 $3,084 $245,000 $60,000 $185,000
2017 $2,708 $209,179 $53,940 $155,239
2016 $2,633 $190,313 $49,075 $141,238
2015 $2,409 $186,625 $48,150 $138,475
2014 -- $184,205 $47,500 $136,705
2013 -- $184,205 $47,500 $136,705
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 28117725

Northwest Multiple Listing Service (NWMLS)

APN: 410435-023317-0004