Listed by Windermere RE Whatcom, Inc., Bought with Windermere RE Whatcom, Inc.
NOT LISTED FOR SALE
-- Beds
-- Baths
5,834 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: March 20, 2020

Last sale price $1,000,000 $171 Per Sq Ft

6 Days on Market

Highlights

  • Bay View
  • Corner Lot
  • 2-minute walk to Laurel Park
  • Fairhaven Middle School Rated A-
  • Wall to Wall Carpet

About This Home

As of March 2020

Estate sale. Incredible income producing property just blocks from WWU & Laurel Park. Roof has been bid and we are waiting for dry weather to complete. There is additional unfinished area on the lower level with a spacious handyman's room. Units show some deferred maintenance, electric could use updating. Property next door at 513 E. Myrtle is also being sold (MLS#1560462) for potential future development of building that would have a great view of Bellingham Bay.

Last Agent to Sell the Property

Carol Cattle

Windermere RE Whatcom, Inc. License #44601 Listed on: 02/01/2020

Windermere RE Whatcom, Inc.

Last Buyer's Agent

Damian Pro

Windermere RE Whatcom, Inc. License #74612

Windermere RE Whatcom, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1560001

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,995

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot

Parking

  • Open Parking

Home Design

  • Poured Concrete
  • Stucco

Interior Spaces

  • 5,834 Sq Ft Home
  • 2-Story Property
  • Bay Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Natural Gas Connected

Community Details

  • South Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803311474320000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,995

Year Built

Built in 1929

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1929
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 5834
  • SOCComments: Thank you for showing!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: See Remarks
  • View: Bay
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Fair

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Bellingham
  • WaterCompany: City of Bellingham

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803311474320000
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: WCAR
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 8420

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6995

Multi Family

  • Number Of Units Total: 11
  • Electric Expense: 1621
  • UnitsBelowGrade: true

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2020
Closed on
Mar 9, 2020
Sold by
Mcg Investments Llc
Bought by
Seller's Agent
Carol Cattle
Windermere RE Whatcom, Inc.
Buyer's Agent
Damian Pro
Windermere RE Whatcom, Inc.
List Price
$900,000
Sold Price
$1,000,000
Premium/Discount to List
$100,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$648,302
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 23, 2004
Sold by
Gormley Mary Cash
Bought by
Mcg Investments
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 Chicago Title Company Of Wa
Mcg Investments -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/20/2020 03/20/20 Sold $1,000,000 +11.1% $171 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $900,000 -- $154 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,758 $1,622,874 $971,245 $651,629
2024 $11,027 $1,559,349 $907,720 $651,629
2023 $11,027 $1,417,624 $825,220 $592,404
2022 $10,882 $1,417,624 $825,220 $592,404
2021 $9,299 $1,171,590 $682,000 $489,590
2020 $7,339 $944,831 $550,000 $394,831
2019 $6,996 $720,726 $366,471 $354,255
2018 $7,203 $688,866 $350,271 $338,595
2017 $6,470 $606,402 $308,340 $298,062
2016 $6,215 $569,232 $289,440 $279,792
2015 $5,991 $569,232 $289,440 $279,792
2014 -- $531,000 $270,000 $261,000
2013 -- $498,430 $270,000 $228,430
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1560001

Northwest Multiple Listing Service (NWMLS)
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