Listed by Muljat Group, Bought with Windermere Real Estate Whatcom
NOT LISTED FOR SALE

Estimated Value: $575,437 - $735,000

2 Beds
1 Bath
1,464 Sq Ft
$438/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $609,200 $416 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,744/month

104 Days on Market

Highlights

  • Home fronts a creek
  • Territorial View
  • Patio
  • Kulshan Middle School Rated A-
  • No HOA
  • 2-minute walk to Whatcom Falls Park

About This Home

As of October 2022

Excellent location for this Whatcom Falls Duplex in Bellingham. Units 101 and 201 with every room updated during current ownership including bathrooms, kitchen, bedrooms, etc. Newer roof, plumbing, electrical. Solid wood slab countertops, farmhouse sinks, ceramic tile & laminate flooring, electric wall & natural gas floor heat. Plenty of off-site parking, steps to Whatcom Falls Park, minutes to Bloedel & Lake Whatcom, Galbraith Mtn, Mtn bike paradise. Walk to bus line. History shows no problem getting tenants here.

Last Agent to Sell the Property

Tony Bladies

Muljat Group License #104732 Listed on: 06/03/2022

Muljat Group

Last Buyer's Agent

Jason Loeb

Windermere Real Estate Whatcom License #91977

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1944884

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,066

Year Built

  • Built in 1936

Lot Details

  • 4,000 Sq Ft Lot
  • Home fronts a creek
  • Street terminates at a dead end

Home Design

  • Duplex
  • Flat Roof Shape
  • Slab Foundation
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 1,464 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Whatcom Falls Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 3803284071240000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,066

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1936
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1464
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Ceramic Tile, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Playground

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Adjacent to Public Land, Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 4577

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803284071240000
  • Lot Size Acres: 0.0918
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: WLT
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 24
  • LeasedItems: None
  • TotalMonthlyIncome: 2450

Multi Family

  • Gross Scheduled Income: 29400
  • Net Operating Income: 20705
  • Number Of Units Total: 2
  • Insurance Expense: 707
  • Leasable Area: 1464
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3066

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Oct 11, 2022
Sold by
Russell Joseph C and Russell Katherine D
Bought by
Shannon Keely and Baumann Anthony
Seller's Agent
Tony Bladies
Muljat Group
Buyer's Agent
Jason Loeb
Windermere Real Estate Whatcom
List Price
$695,000
Sold Price
$609,200
Premium/Discount to List
-$85,800
-12.35%
Current Estimated Value
$640,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,659
Avg. Annual Appreciation
0.19%
Original Mortgage
$456,900
Outstanding Balance
$441,926
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$170,730

Purchase Details

Closed on
Jan 5, 2017
Sold by
Smith Vicki L
Bought by
Russell Joseph C and Groen Katherine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Interest Rate
4.03%
Mortgage Type
VA

Purchase Details

Closed on
Oct 24, 2002
Sold by
Reid Allen Craig K and Reid Allen Karen
Bought by
Smith Randal E and Smith Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
5.99%
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
Shannon Keely -- Whatcom Land Title
Russell Joseph C $325,000 Whatcom Land Title Co Inc
Smith Randal E -- Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shannon Keely $456,900
Previous Owner Russell Joseph C $308,750
Previous Owner Smith Randal E $147,500
Previous Owner Smith Randal E $128,000
Previous Owner Smith Randal E $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2022 10/13/22 Sold $609,200 -7.0% $416 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
08/15/2022 08/15/22 Price Changed $655,000 -3.5% $447 / Sq Ft
07/13/2022 07/13/22 Price Changed $679,000 -2.3% $464 / Sq Ft
06/15/2022 06/15/22 For Sale $695,000 0.0% $475 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $695,000 -- $475 / 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 $3,956 $495,586 $286,326 $209,260
2023 $3,956 $508,204 $293,616 $214,588
2022 $3,125 $430,689 $248,832 $181,857
2021 $3,066 $336,476 $194,400 $142,076
2020 $2,432 $311,552 $180,000 $131,552
2019 $2,291 $238,843 $148,000 $90,843
2018 $2,307 $225,626 $139,860 $85,766
2017 $2,008 $194,198 $120,200 $73,998
2016 $1,803 $176,680 $109,300 $67,380
2015 $1,807 $165,126 $103,100 $62,026
2014 -- $160,161 $100,000 $60,161
2013 -- $146,214 $97,350 $48,864
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1944884

Northwest Multiple Listing Service (NWMLS)

APN: 380328-407124-0000