Listed by Lummi Island Realty LLC, Bought with Keller Williams Western Realty
NOT LISTED FOR SALE

Estimated Value: $887,566 - $1,501,000

5 Beds
3 Baths
3,402 Sq Ft
$318/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $380,000 $112 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $6,264/month

44 Days on Market

Highlights

  • Bay View
  • Thermal Windows
  • Wall to Wall Carpet
  • Fairhaven Middle School Rated A-
  • High Speed Internet
  • 3-minute walk to Laurel Park

About This Home

As of November 2014

Charming Victorian w/ lots of updates, long-term (mature) tenants, plus walk-to-downtown & WWU convenience. This is a great investment in a coveted location! Three 1-bedroom units & 1 studio w/ separate kitchen. All units are large (note building sq.ft.) & well maintained. Bldg has updated: windows, roof, electrical, heating, baths, kitchens & new exterior paint. Lots of tenant parking.

Last Agent to Sell the Property

Colleen McCrory

Lummi Island Realty LLC Listed on: 09/03/2014

Lummi Island Realty LLC

Last Buyer's Agent

Bruce Lockhart

Keller Williams Western Realty License #36443

Keller Williams Western Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 690292

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,042

Year Built

  • Built in 1889

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 62x110
  • Property is in good condition

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,402 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Bay Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Silver Bay Short Plat Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Tax Lot B
  • Assessor Parcel Number 3803312125200000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,042

Year Built

Built in 1889

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1889
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Silver Bay Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 3402
  • 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
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Available
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB

Fee Information

  • Annual Fuel Expense: 372

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3803312125200000
  • Lot Size Acres: 0.16
  • Lot Size: 62x110
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: B

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 2005

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4042

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 152
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2014
Closed on
Nov 12, 2014
Sold by
Washington Paul A and Mccrory Colleen O
Bought by
Lund George Albert
Seller's Agent
Colleen McCrory
Lummi Island Realty LLC
Buyer's Agent
Bruce Lockhart
Keller Williams Western Realty
List Price
$436,500
Sold Price
$380,000
Premium/Discount to List
-$56,500
-12.94%
Current Estimated Value
$1,082,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$702,642
Avg. Annual Appreciation
9.68%
Original Mortgage
$266,000
Outstanding Balance
$82,505
Interest Rate
3.28%
Mortgage Type
New Conventional
Estimated Equity
$1,000,137
Source: Public Records
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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
Lund George Albert $380,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lund George Albert $266,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2014 11/21/14 Sold $380,000 -12.9% $112 / Sq Ft
10/18/2014 10/18/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $436,500 -- $128 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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
2025 $6,831 $859,698 $317,120 $542,578
2024 $6,659 $834,649 $307,880 $526,769
2023 $6,659 $855,848 $315,700 $540,148
2022 $5,439 $737,814 $272,160 $465,654
2021 $5,336 $585,566 $216,000 $369,566
2020 $5,893 $542,191 $200,000 $342,191
2019 $5,276 $578,798 $165,538 $413,260
2018 $5,313 $519,536 $148,623 $370,913
2017 $4,586 $447,306 $127,957 $319,349
2016 $4,011 $403,532 $114,823 $288,709
2015 $3,933 $367,427 $104,873 $262,554
2014 -- $348,602 $99,500 $249,102
2013 -- $352,338 $105,000 $247,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 690292

Northwest Multiple Listing Service (NWMLS)

APN: 380331-212520-0000

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