Listed by Keller Williams Western Realty, Bought with Windermere Real Estate Whatcom
NOT LISTED FOR SALE

Estimated Value: $727,000 - $803,000

3 Beds
3 Baths
1,738 Sq Ft
$442/Sq Ft Est. Value

Last Sold December 15, 2014

Last sale price $303,000 $174 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $4,526/month

199 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Partially Fenced Property
  • Squalicum High School Rated A-
  • High Speed Internet
  • Wood Siding

About This Home

As of December 2014

5 year-old triplex in newer residential neighborhood. This triplex is an excellent investment with leases in place & a 5 yr full occupancy history. These single level units have identical finishes including, 1bd/1ba, kitchen appliances, in unit washer/dryer & private deck area. Tenants pay base rent, metered electric. 2 parking spots per unit. Attractive price point for the area.

Last Agent to Sell the Property

Don Hale

Keller Williams Western Realty License #103284 Listed on: 04/11/2014

Last Buyer's Agent

Sid Mellema

Windermere Real Estate Whatcom License #42385

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 614592

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,627

Year Built

  • Built in 2009

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,738 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Overhead Utilities
  • High Speed Internet
  • Cable TV Available

Community Details

  • Hillside Estates Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot 51b
  • Assessor Parcel Number 380310097101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,627

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2009
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Hillside Estates
  • New Construction: No
  • CalculatedSquareFootage: 1738
  • SOCComments: Great Investment!
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, High Voltage Line, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, High Voltage Line, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2100

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 380310097101
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 51b

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2175

Multi Family

  • Gross Scheduled Income: 25116
  • Net Operating Income: 17750
  • Number Of Units Total: 3
  • Insurance Expense: 630
  • Leasable Area: 1738
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 2627

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2014
Closed on
Dec 10, 2014
Sold by
Price Steven P and Woolf Susan D
Bought by
Pcs Consultants Llc
Seller's Agent
Don Hale
Keller Williams Western Realty
Buyer's Agent
Sid Mellema
Windermere Real Estate Whatcom
List Price
$320,000
Sold Price
$303,000
Premium/Discount to List
-$17,000
-5.31%
Current Estimated Value
$767,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,804
Avg. Annual Appreciation
8.50%
Original Mortgage
$175,000
Outstanding Balance
$136,121
Interest Rate
3.95%
Mortgage Type
Commercial
Estimated Equity
$594,406

Purchase Details

Closed on
Aug 17, 2010
Sold by
Sulphide Route L L C
Bought by
Price Steven P and Woolf Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2008
Sold by
Larsen Bruce A
Bought by
Sulphide Route Llc

Purchase Details

Closed on
Feb 6, 2007
Sold by
Larsen Peggy
Bought by
Larsen Bruce A
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
Pcs Consultants Llc $303,000 Chicago Title Insurance
Price Steven P -- Chicago Title Insurance
Sulphide Route Llc $90,280 Whatcom Land Title
Larsen Bruce A -- Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pcs Consultants Llc $175,000
Previous Owner Price Steven P $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2014 12/15/14 Sold $303,000 -5.3% $174 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $320,000 -- $184 / 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 $5,461 $672,120 $237,834 $434,286
2023 $5,461 $701,675 $248,292 $453,383
2022 $4,725 $615,504 $217,800 $397,704
2021 $3,639 $508,681 $180,000 $328,681
2020 $3,555 $369,798 $171,347 $198,451
2019 $3,394 $345,557 $160,215 $185,342
2018 $3,519 $309,947 $143,715 $166,232
2017 $3,065 $274,243 $127,160 $147,083
2016 $2,830 $249,299 $115,720 $133,579
2015 $2,699 $237,400 $110,000 $127,400
2014 -- $220,209 $103,200 $117,009
2013 -- $211,410 $100,000 $111,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 614592

Northwest Multiple Listing Service (NWMLS)

APN: 380310-097101-0000