NOT LISTED FOR SALE

494 S State St Unit 201 Bellingham, WA 98225

South Hill Neighborhood

Estimated Value: $1,088,000 - $1,268,000

3 Beds
2 Baths
1,969 Sq Ft
10,324 Sq Ft Lot

Last Sold June 30, 2015

Last sale price $532,500 $270 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $7,274/month

84 Days on Market

Highlights

  • Bay View
  • Contemporary Architecture
  • 1 Fireplace
  • Fairhaven Middle School Rated A-
  • Wood Flooring
  • 2-minute walk to Boulevard Park

About This Home

As of June 2015

Fairhaven luxury condo. Across & overlooking waterfront Boulevard Park. Awesome view, BH Bay, San Juans, Mts, Sunsets. Southern exposure. Entire 2nd floor. Private enterance. Secure gated common parking garage, 2 assigned spaces. Excellent value:4th floor unit sold $695,000, 2014. Terrific primary home, vacation hideaway or investment. At the reduced price of $535,000 consider the ROI. We are at the beginning of a 10 year Real Estate appreciation cycle. Similar State St condos rent $2000-$2500.

Last Agent to Sell the Property

Frank Meyer

Frank J Meyer Real Estate License #4424 Listed on: 02/24/2015

Frank J Meyer Real Estate

Last Buyer's Agent

Grant LaMothe

Keller Williams Western Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM747258

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,800

Year Built

  • Built in 2004

Lot Details

  • 10,324

Parking

  • Common or Shared Parking

Property Views

  • Bay
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Wood Composite
  • Stone

Interior Spaces

  • 4-Story Property
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Listing and Financial Details

  • Assessor Parcel Number 3702011265140002

Community Details

Overview

  • 4 Units
  • South Hill Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,800

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 30 - Condo (1 Level)
  • Architecture: Contemporary
  • Entrance Level: Main
  • Unit Floor Number: 2
  • Year Built: 2004
  • Special Features: 20
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Ceramic Tile, Hardwood, Laminate
  • Appliance Hookups: Cooking-Gas
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Fireplace Type: Gas
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 1969

Exterior Features

  • Exterior: Stone, Wood Products
  • Roof: Flat
  • View: Bay, City, Mountain

Garage/Parking

  • Numberof Assigned Spaces: 2
  • Parking Type: Common Garage

Utilities

  • Heating And Cooling: Forced Air
  • Water Heater: Utility-Gas

Condo/Co-op/Association

  • Numberof Units in Building: 4
  • Numberof Units In Complex: 4
  • HOA Fees: 600
  • Community Name: South Hill
  • Project: Park Point
  • Cats And Dogs: No Restrictions
  • Manager Contact Information: Gladys Hyatt (360) 671-8667
  • Association Contact: Gladys Hyatt (360) 671-8667
  • Common Property Features: Disabled Access, Elevator, Fire Sprinklers, Security Gate
  • Home Owner Dues Included: Water/Sewer, Common Area Maintenance
  • Unit Features: Balcony/Deck/Patio, Disabled Access, Insulated Windows, Jetted/Soaking Tub, Master Bath, Top Floor, Walk-In Closet

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: BEL

Lot Info

  • Lot Details: Paved Street
  • Parcel Number: 3702011265140002

Tax Info

  • Tax Amount: 5287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2016
Sold by
Greene Ann M
Bought by
Ulate Francisco and Ulate Faith Ann
Total Days on Market
84
Current Estimated Value
$1,170,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$240,524
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$930,262

Purchase Details

Listed on
Feb 24, 2015
Closed on
Jun 10, 2015
Sold by
The Bank Of New York Mellon
Bought by
Ann Green Separate Property Trust
Seller's Agent
Frank Meyer
Frank J Meyer Real Estate
Buyer's Agent
Grant LaMothe
Keller Williams Western Realty
List Price
$634,900
Sold Price
$532,500
Premium/Discount to List
-$102,400
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$372,750
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2006
Sold by
Tertiary Investments Llc
Bought by
Maris William J and Maris Paula M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$681,900
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Ulate Francisco $572,750 Whatcom Land Title
Ann Green Separate Property Trust $532,500 Whatcom Land Title
Maris William J -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ulate Francisco $300,000
Previous Owner Ann Green Separate Property Trust $372,750
Previous Owner Maris William J $744,000
Previous Owner Maris William J $93,000
Previous Owner Maris William J $650,000
Previous Owner Maris William J $681,900
Previous Owner Tertiary Investments Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $532,500 -0.5% $270 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/16/2015 05/16/15 Price Changed $535,000 -6.1% $272 / Sq Ft
04/02/2015 04/02/15 Price Changed $569,900 -7.6% $289 / Sq Ft
03/03/2015 03/03/15 Price Changed $616,900 -2.8% $313 / Sq Ft
02/24/2015 02/24/15 For Sale $634,900 -- $322 / 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 $8,800 $1,131,167 $380,993 $750,174
2023 $8,800 $1,131,167 $380,993 $750,174
2022 $7,781 $983,600 $331,290 $652,310
2021 $7,328 $833,562 $280,755 $552,807
2020 $6,991 $724,807 $244,125 $480,682
2019 $6,209 $668,025 $225,000 $443,025
2018 $6,521 $594,905 $162,525 $432,380
2017 $5,976 $536,338 $146,500 $389,838
2016 $5,522 $513,088 $142,750 $370,338
2015 $5,200 $493,975 $137,125 $356,850
2014 -- $450,000 $125,000 $325,000
2013 -- $450,000 $125,000 $325,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM747258

Northwest Multiple Listing Service (NWMLS)

APN: 370201-126514-0002