Listed by Windermere Real Estate Whatcom, Bought with The Foundation Group LLC
NOT LISTED FOR SALE

4140 Deemer Rd Bellingham, WA 98226

Meridian Neighborhood

Estimated Value: $1,193,000 - $2,657,000

6 Beds
2 Baths
12,048 Sq Ft
$177/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $2,400,000 $199 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $13,268/month

47 Days on Market

Highlights

  • 0.55 Acre Lot
  • Deck
  • Cul-De-Sac
  • Squalicum High School Rated A-
  • No HOA
  • Patio

About This Home

As of September 2022

Owner Financing Possible on this top quality 8-unit multi-family property! All units are spacious 2 bed, 2 bath units. (4140 & 4144 Deemer) These well-managed units have fantastic floorplans featuring huge kitchens with gas cooktops, laundry rooms, gas fireplaces, dining rooms, jetted tubs, double vanities and lots of storage. Each unit has 1 covered and 1 uncovered parking space. Both of these fourplexes must be sold together. Convenient location in Bellingham, just a short distance to Whatcom Community College and Bellis Fair Mall. Seller will consider private financing with 50% down payment so you can save on loan fees! Inquire about other terms.

Last Agent to Sell the Property

Kurt Swanson

Windermere Real Estate Whatcom License #21247 Listed on: 07/08/2022

Windermere Real Estate Whatcom

Co-Listed By

Brad Howell

Windermere Real Estate Whatcom License #114717

Last Buyer's Agent

Aaron Locke

The Foundation Group LLC License #107646

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1964833

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,126

Year Built

  • Built in 2005

Lot Details

  • 0.55 Acre Lot
  • Cul-De-Sac
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 12,048 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 16 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bakerview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803071801060000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,126

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2005
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 12048
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 8

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: 9478

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803071801060000
  • Lot Size Acres: 0.55
  • Lot Size Sq Ft: 23958
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.7
  • LeasedItems: None
  • TotalMonthlyIncome: 154800

Multi Family

  • Gross Scheduled Income: 154800
  • Net Operating Income: 116328
  • Number Of Units Total: 8
  • Insurance Expense: 4332
  • Leasable Area: 12048
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 20126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Sep 15, 2022
Sold by
Franzese Llc
Bought by
Lake Bellevue 204 Llc
Seller's Agent
Kurt Swanson
Windermere Real Estate Whatcom
Buyer's Agent
Aaron Locke
The Foundation Group LLC
List Price
$2,595,000
Sold Price
$2,400,000
Premium/Discount to List
-$195,000
-7.51%
Current Estimated Value
$2,137,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$262,854
Avg. Annual Appreciation
-5.96%
Original Mortgage
$795,000
Outstanding Balance
$767,326
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$1,227,480

Purchase Details

Closed on
May 20, 2005
Sold by
Crown Point Holdings Inc
Bought by
Franzese Llc
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
Lake Bellevue 204 Llc -- Chicago Title
Franzese Llc $1,190,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Bellevue 204 Llc $795,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Sold $2,400,000 -4.0% $199 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
07/25/2022 07/25/22 Price Changed $2,499,000 -3.7% $207 / Sq Ft
07/08/2022 07/08/22 For Sale $2,595,000 -- $215 / 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 $23,243 $2,298,913 $515,307 $1,783,606
2023 $23,243 $2,400,000 $537,966 $1,862,034
2022 $20,126 $2,621,774 $471,900 $2,149,874
2021 $15,266 $2,166,756 $390,000 $1,776,756
2020 $14,906 $1,551,143 $350,483 $1,200,660
2019 $13,369 $1,449,059 $327,713 $1,121,346
2018 $13,830 $1,299,690 $293,963 $1,005,727
2017 $12,046 $1,149,977 $260,100 $889,877
2016 $11,043 $1,044,873 $236,700 $808,173
2015 $10,814 $995,790 $225,000 $770,790
2014 -- $943,678 $232,200 $711,478
2013 -- $902,436 $225,000 $677,436
Source: Public Records

Agents Affiliated with this Home

  • Kurt Swanson

    Seller's Agent in 2022

    Kurt Swanson

    Windermere Real Estate Whatcom

    (360) 920-6555

    2 in this area

    118 Total Sales

    Kurt Swanson
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Brad Howell

    Windermere Real Estate Whatcom

    Section Image
  • Aaron Locke

    Buyer's Agent in 2022

    Aaron Locke

    The Foundation Group LLC

    (206) 774-5436

    1 in this area

    23 Total Sales

    Aaron Locke
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1964833

Northwest Multiple Listing Service (NWMLS)

APN: 380307-180106-0000

Washington Whatcom County Bellingham 98226 Meridian

4140 Deemer Rd, Bellingham, WA

This home is located at 4140 Deemer Rd, Bellingham, WA 98226 since 08 July 2022 and is currently estimated at $2,137,146, approximately $177 per square foot. This property was built in 2005. 4140 Deemer Rd is a home located in Whatcom County with nearby schools including Cordata Elementary School, Shuksan Middle School, and Squalicum High School.

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.

Northwest Multiple Listing Service (NWMLS) 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

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