Listed by RE/MAX Whatcom County, Inc., Bought with eXp Realty
NOT LISTED FOR SALE

3429 Redwood Ave Bellingham, WA 98225

Estimated Value: $728,000 - $868,000

4 Beds
2 Baths
2,806 Sq Ft
$292/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $605,000 $216 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,022/month

8 Days on Market

Highlights

  • Territorial View
  • Patio
  • High Speed Internet
  • Squalicum High School Rated A-
  • Ceramic Tile Flooring
  • Property is Fully Fenced

About This Home

As of October 2021

Fantastic opportunity to own a multi-family property in Birchwood neighborhood. Walking distance to brand new Alderwood Elementary school, almost completed! Live in one side and rent out the other. Spacious 1400 sq ft townhouse style living with 3 beds/full bath up, and 3/4 bath downstairs. Sliding doors open to expansive 1/4+ acre yard. Fully fenced yard offers room for everyone, garden space, and privacy. Granite counter-tops in the kitchen, low maintenance vinyl siding, and plenty of parking. Currently under rented, with increase to market rents this duplex has potential to be a 6.6% cap for an investor.

Last Agent to Sell the Property

Sandi Qualls

RE/MAX Whatcom County, Inc. License #50730 Listed on: 08/27/2021

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Jeff Braimes

eXp Realty License #2525

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1830709

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,932

Year Built

  • Built in 1990

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 80x200
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,806 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Bennett Hill Supp'l Condos
  • Birchwood Subdivision

Listing and Financial Details

  • Legal Lot and Block 35 / 3
  • Assessor Parcel Number 3802141060620000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,932

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bennett Hill Supp'l
  • New Construction: No
  • CalculatedSquareFootage: 2806
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 3802141060620000
  • Lot Size Acres: 0.37
  • Lot Size: 80x200
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 35

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 27
  • LeasedItems: None
  • TotalMonthlyIncome: 2850

Multi Family

  • Gross Scheduled Income: 22200
  • Net Operating Income: 14138
  • Number Of Units Total: 2
  • Insurance Expense: 730
  • Leasable Area: 2806
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4932

MLS Schools

  • Elementary School: Alderwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Oct 14, 2021
Sold by
Greening Julian and Greening Michelle
Bought by
Ball Megan and Ball Aaron
Seller's Agent
Sandi Qualls
RE/MAX Whatcom County, Inc.
Buyer's Agent
Jeff Braimes
eXp Realty
List Price
$599,000
Sold Price
$605,000
Premium/Discount to List
$6,000
1%
Current Estimated Value
$818,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,244
Avg. Annual Appreciation
8.61%
Original Mortgage
$453,750
Outstanding Balance
$386,810
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$446,197

Purchase Details

Closed on
Feb 6, 2017
Sold by
Strode John
Bought by
Greening Julian and Greening Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2012
Sold by
Dogwood Estates Inc
Bought by
Strode John
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ball Megan $605,000 Whatcom Land Title Co Inc
Greening Julian $330,000 Chicago Title Co
Strode John $227,780 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ball Megan $453,750
Previous Owner Greening Julian $222,500
Previous Owner Greening Julian $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $605,000 +1.0% $216 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $599,000 -- $213 / 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 $6,762 $747,801 $263,736 $484,065
2023 $6,762 $780,691 $275,336 $505,355
2022 $5,675 $634,708 $223,850 $410,858
2021 $4,932 $524,552 $185,000 $339,552
2020 $4,603 $428,908 $140,193 $288,715
2019 $4,103 $400,728 $131,085 $269,643
2018 $4,231 $359,426 $117,585 $241,841
2017 $3,687 $318,023 $104,040 $213,983
2016 $3,257 $289,016 $94,680 $194,336
2015 $3,342 $275,347 $90,000 $185,347
2014 -- $274,812 $86,688 $188,124
2013 -- $263,123 $84,000 $179,123
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1830709

Northwest Multiple Listing Service (NWMLS)

APN: 380214-106062-0000