Listed by Windermere Real Estate Whatcom, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $726,810 - $917,000

2 Beds
1 Bath
1,656 Sq Ft
$492/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $737,500 $445 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,827/month

15 Days on Market

Highlights

  • Greenhouse
  • Territorial View
  • Property is Fully Fenced
  • Silver Beach Elementary School Rated A-
  • Patio
  • Mini Split Air Conditioners

About This Home

As of October 2021

Looking for 2 houses for the price of one?! This is it! Totally legal duplex in a beautiful single family residential setting straddling Silver Beach and Whatcom Falls. Walk to Lake Whatcom, Whatcom Falls Park and most importantly- Lafeen's Donuts! Easy access to all of Galbraith's recreation as well. Each side has 2 bedrooms, 1 bathroom, 1 car garage, patios and fenced backyards. Setting is private and serene with huge trees in the backyard. Recent improvements include metal roof, flooring, interior doors, trim, removal of popcorn ceilings, new cabinetry, lighting and more! Tenants pay all utilities including water, sewer & garbage! $55K in recent upgrades! monthly net income: $3325!

Last Agent to Sell the Property

Heather Othmer

Windermere Real Estate Whatcom License #73648 Listed on: 09/01/2021

Windermere Real Estate Whatcom

Last Buyer's Agent

Kelcy King

eXp Realty License #139952

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1832735

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,961

Year Built

  • Built in 1968

Lot Details

  • 9,375 Sq Ft Lot
  • Lot Dimensions are 50 x 125'
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Greenhouse

Schools

  • Silver Beach Elementary School
  • Kulshan Mid Middle School
  • Bellingham High School

Utilities

  • Mini Split Air Conditioners
  • Cable TV Available

Community Details

  • Whatcom Falls Condos
  • Whatcom Falls Subdivision

Listing and Financial Details

  • Legal Lot and Block 4-5 / 2
  • Assessor Parcel Number 3803285412210000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,961

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Whatcom Falls
  • New Construction: No
  • CalculatedSquareFootage: 1656
  • SOCComments: Thank you for showing!
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: 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
  • Security: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Kulshan Mid

Lot Info

  • Parcel Number: 3803285412210000
  • Lot Size Acres: 0.2152
  • Lot Size: 50 X 125'
  • Lot Size Sq Ft: 9375
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,Green House,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 4-5

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 3325

Multi Family

  • Gross Scheduled Income: 40200
  • Net Operating Income: 35525
  • Number Of Units Total: 2
  • Insurance Expense: 684
  • Leasable Area: 1656
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3961

MLS Schools

  • Elementary School: Silver Beach Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 8, 2021
Sold by
Equity Trust Company
Bought by
Reed Peter Christien
Seller's Agent
Heather Othmer
Windermere Real Estate Whatcom
Buyer's Agent
Kelcy King
eXp Realty
List Price
$750,000
Sold Price
$737,500
Premium/Discount to List
-$12,500
-1.67%
Current Estimated Value
$813,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,453
Avg. Annual Appreciation
1.59%
Original Mortgage
$262,875
Outstanding Balance
$242,303
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$541,886

Purchase Details

Listed on
Sep 17, 2019
Closed on
Oct 30, 2019
Sold by
Vesper Donald J and Vesper Joann M
Bought by
Equity Trust Company and Fbo Rob Scofido Ira
Seller's Agent
Laurie Satushek
Keller Williams Western Realty
Buyer's Agent
Heather Othmer
Windermere Real Estate Whatcom
List Price
$475,000
Sold Price
$491,000
Premium/Discount to List
$16,000
3.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.94%

Purchase Details

Closed on
Dec 29, 2004
Sold by
Isaak Stephen E and Isaak Allison M
Bought by
Vesper Donald J and Vesper Joann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,200
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2002
Sold by
Stephen E & Allison M Isaak Revocable Li
Bought by
Isaak Stephen E and Isaak Allison M
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
Reed Peter Christien $737,500 Chicago Title Bellingham
Equity Trust Company $490,400 Chicago Title Insurance Co
Vesper Donald J $244,000 Stewart Title Company
Isaak Stephen E -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Peter Christien $262,875
Previous Owner Vesper Donald J $195,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2021 10/26/21 Sold $737,500 +0.3% $445 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $735,000 -2.0% $444 / Sq Ft
09/01/2021 09/01/21 For Sale $750,000 +52.7% $453 / Sq Ft
11/07/2019 11/07/19 Sold $491,000 +3.4% $296 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $475,000 -- $287 / 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 $5,109 $640,196 $270,419 $369,777
2023 $5,109 $656,496 $277,304 $379,192
2022 $4,037 $556,363 $235,008 $321,355
2021 $3,961 $434,659 $183,600 $251,059
2020 $3,240 $402,462 $170,000 $232,462
2019 $3,053 $318,246 $148,000 $170,246
2018 $3,075 $300,591 $139,860 $160,731
2017 $2,677 $258,878 $120,200 $138,678
2016 $2,395 $235,576 $109,300 $126,276
2015 $2,400 $219,341 $103,100 $116,241
2014 -- $212,746 $100,000 $112,746
2013 -- $197,769 $88,500 $109,269
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1832735

Northwest Multiple Listing Service (NWMLS)

APN: 380328-541221-0000