Seller's Agent in 2023
Keith Cook
RE/MAX Whatcom County
(360) 739-5600
177 Total Sales
Listed by RE/MAX Whatcom County, Inc., Bought with eXp Realty
Estimated Value: $1,317,000 - $1,618,000
--
Bed
--
Bath
7,672
Sq Ft
$191/Sq Ft
Est. Value
Highlights
- Mountain View
- Forced Air Heating and Cooling System
- High Speed Internet
- No HOA
- Vinyl Plank Flooring
- Wood Siding
About This Home
As of December 2023Investor Opportunity! 8.2% (ish) Cap Rate!! Ask price is $149K per Unit. Huge financial upside possibility, these 8 units are already condominimized, if one was to sell separately @ $249K per condo, one would expect an immediate return of an $800K profit. (Less closing costs) Units are 2 bedrooms, 2 Baths, averaging 952 SQFT. If rents averaged $1,250 or $10K per Month / $120K per year. Current rents range in the $1,100 - $1,375 per month range. With a little effort, rent could be closer to $1,450 per month, This would create a 9.76 Cap. Lots of upside! Building is well situated, decent elevation, new construction methods and was not effected in the past Sumas floods. Or- The Condominium Building could be purchased by 8 separate individuals.
Last Agent to Sell the Property
RE/MAX Whatcom County, Inc. License #7189 Listed on: 10/06/2023
Last Buyer's Agent
Ashton Dellinger
eXp Realty License #21002180
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2169586
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,674
Year Built
- Built in 1993
Lot Details
- 0.34 Acre Lot
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 7,672 Sq Ft Home
- 2-Story Property
- Mountain Views
Flooring
- Wall to Wall Carpet
- Vinyl Plank
Parking
- 15 Parking Spaces
- Open Parking
Schools
- Sumas Elementary School
- Nooksack Vly Mid Middle School
- Nooksack Vly High School
Utilities
- Forced Air Heating and Cooling System
- High Speed Internet
Community Details
- No Home Owners Association
- Sumas Subdivision
Listing and Financial Details
- Assessor Parcel Number 4104350393170008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 27, 2021
Sold by
Avco Cappital Ltd
Bought by
Kneuman Group Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 31, 2019
Sold by
Sea Aira Investments Llc
Bought by
Avco Capital Ltd
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$977,524
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 28, 2011
Sold by
Harmon Bill D and Harmon Carleen S
Bought by
Sea Aira Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 17, 2003
Sold by
Haley Christopher P and Haley Nancy A
Bought by
Harmon Bill D and Harmon Carleen S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 6, 2003
Sold by
Macnutt Allan and Macnutt Irene
Bought by
Haley Christopher P and Haley Nancy A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,200
Interest Rate
5.76%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kneuman Group Llc | $1,225,000 | Chicago Title Bellingham | |
| Avco Capital Ltd | $975,000 | Whatcom Land Title | |
| Sea Aira Investments Llc | $490,780 | Stewart Title Company | |
| Harmon Bill D | $540,000 | Chicago Title Insurance | |
| Haley Christopher P | $421,500 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Kneuman Group Llc | $918,750 | |
| Previous Owner | Avco Capital Ltd | $977,524 | |
| Previous Owner | Sea Aira Investments Llc | $355,000 | |
| Previous Owner | Harmon Bill D | $405,000 | |
| Previous Owner | Haley Christopher P | $337,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2023 12/01/23 | Sold | $1,197,000 | +0.4% | $156 / Sq Ft |
| 10/18/2023 10/18/23 | Pending | -- | -- | -- |
| 10/06/2023 10/06/23 | For Sale | $1,192,000 | -- | $155 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | -- | -- | -- | -- |
| 2023 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 |
| 2021 | $9,682 | $0 | $0 | $0 |
| 2020 | $7,520 | $731,268 | $150,490 | $580,778 |
| 2019 | $6,104 | $589,667 | $139,341 | $450,326 |
| 2018 | $7,676 | $541,674 | $128,000 | $413,674 |
| 2017 | $7,390 | $519,660 | $127,200 | $392,460 |
| 2016 | $7,324 | $519,660 | $127,200 | $392,460 |
| 2015 | $6,412 | $519,660 | $127,200 | $392,460 |
| 2014 | -- | $490,245 | $120,000 | $370,245 |
| 2013 | -- | $490,245 | $120,000 | $370,245 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Cook
-
David Harmon
Seller Co-Listing Agent in 2023
David Harmon
RE/MAX Whatcom County
(360) 224-2153
119 Total Sales
-
A
Buyer's Agent in 2023
Ashton Dellinger
eXp Realty
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2169586
APN: 410435-039317-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
Nearby Homes
- 230 Gough St
- 310 Second St
- 136 First St
- 124 Columbia St
- 242 Morton St
- 555 Morton St
- 4355 Jones Rd
- 1005 Johnson St
- 217 Noble St
- 5326 Reese Hill Rd
- 4135 Kamphouse Dr
- 5363 Reese Hill Rd
- 5376 Reese Hill Rd
- 48 XX Reese Hill Rd
- 8381 N Telegraph Rd
- 5615 S Pass Rd
- 6801 S Pass Rd
- 9919 Holmquist Rd
- 3630 Sorenson Rd
- 201 Brentwood Dr
- 380 Garfield St
- 380 Garfield St Unit 202
- 380 Garfield St Unit 201
- 380 Garfield St Unit 203
- 380 1-8 Garfield St
- 340 Garfield St Unit 4
- 340 Garfield St
- 341 Cleveland Ave Unit A,B
- 341 Cleveland Ave
- 341 Cleveland St
- 329 Cleveland St
- 322 Garfield St
- 330 Garfield St Unit 330
- 330 Garfield St Unit 340
- 330 Garfield St
- 319 Cleveland Ave
- 319 Cleveland St
- 320 Garfield St
- 313 Cleveland St
- 310 Garfield St