NOT LISTED FOR SALE

513 Main Place Lynden, WA 98264

Estimated Value: $1,070,314 - $1,316,000

-- Bed
7 Baths
-- Sq Ft
0.28 Acres

Last Sold October 20, 2017

Last sale price $600,000

Est. 92% increase in value since last sale

Current estimated payment $6,551/month

130 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • Partially Fenced Property
  • Territorial View
  • Patio
  • Wall to Wall Carpet

About This Home

As of October 2017

GREAT INVESTMENT OPPORTUNITY! Well maintained 4-plex in desirable area of Lynden. 4 units, each with 2 bedrooms, 1.75 baths, vinyl windows and gas heat. Located on a quiet, low traffic cul-de-sac backing to a wooded area and the creek. Hard to find investment property with great rental history.

Last Listed By

Jerry Blankers

Muljat Group License #12156 Listed on: 05/15/2017

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1124635

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,126

Year Built

  • Built in 1986

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Lynden Mid Middle School
  • Lynden High School

Utilities

  • Cable TV Available

Community Details

  • Lynden Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 4003200133970000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,126

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Accessibility Features: Other
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: VirtualTour
  • Cumulative Days on Market: 413

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • WaterSewerGarbage: 5833

Schools

  • Junior High Dist: Lynden
  • High School: Lynden High
  • Middle Or Junior School: Lynden Mid

Lot Info

  • Parcel Number: 4003200133970000
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12197
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Disabled Access,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 2

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3710

Multi Family

  • Gross Scheduled Income: 44520
  • Net Operating Income: 26469
  • Number Of Units Total: 4
  • Leasable Area: 4612
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4126

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Oct 18, 2017
Sold by
Mcevoy Oil Company
Bought by
Dltig Ll
Seller's Agent
Jerry Blankers
Muljat Group
List Price
$679,000
Sold Price
$600,000
Premium/Discount to List
-$79,000
-11.63%
Total Days on Market
130
Current Estimated Value
$1,149,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,579
Avg. Annual Appreciation
9.02%

Purchase Details

Closed on
Jun 17, 2009
Sold by
Engels Terry D
Bought by
Mcevoy Oil Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2004
Sold by
Engels Sharon
Bought by
Engels Terry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Interest Rate
6.24%
Mortgage Type
Commercial
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
Dltig Ll $600,000 Whatcom Land Title Co Inc
Mcevoy Oil Company $499,280 Whatcom Land Title
Engels Terry D -- Stewart Title Company
Engels Terry D $268,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcevoy Oil Company $375,000
Previous Owner Engels Terry D $187,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $600,000 -6.1% --
09/23/2017 09/23/17 Pending -- -- --
09/08/2017 09/08/17 Price Changed $639,000 -1.5% --
08/01/2017 08/01/17 Price Changed $649,000 -4.4% --
05/15/2017 05/15/17 For Sale $679,000 -- --
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 $5,411 $767,122 $230,375 $536,747
2023 $5,411 $753,603 $237,500 $516,103
2022 $5,837 $766,760 $225,638 $541,122
2021 $5,726 $633,678 $186,475 $447,203
2020 $5,015 $565,799 $166,500 $399,299
2019 $4,461 $518,899 $152,875 $366,024
2018 $4,876 $473,241 $139,263 $333,978
2017 $4,371 $424,774 $125,000 $299,774
2016 $4,125 $404,983 $123,750 $281,233
2015 $3,656 $380,197 $119,025 $261,172
2014 -- $367,315 $114,975 $252,340
2013 -- $364,840 $112,500 $252,340
Source: Public Records

Agents Affiliated with this Home

  • Jerry Blankers

    Seller's Agent in 2017

    Jerry Blankers

    Muljat Group

    (360) 410-1297

    191 Total Sales

    Jerry Blankers
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1124635

Northwest Multiple Listing Service (NWMLS)

APN: 400320-013397-0000

Washington Whatcom County Lynden 98264

513 Main Place, Lynden, WA

This home is located at 513 Main Place, Lynden, WA 98264 since 15 May 2017 and is currently estimated at $1,149,579. This property was built in 1986. 513 Main Place is a home located in Whatcom County with nearby schools including Lynden High School, Lynden Christian School, and Lynden Christian Schools: Administration.

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) 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. ©2025 NWMLS.

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