NOT LISTED FOR SALE

521 Main Place Lynden, WA 98264

Estimated Value: $702,352 - $890,000

3 Beds
2 Baths
3,084 Sq Ft
$272/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $635,000 $206 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,086/month

7 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • High Speed Internet
  • Territorial View
  • Patio
  • Wall to Wall Carpet

About This Home

As of November 2020

Fully renovated duplex in Lynden is a perfect investment property w/ solid rental history or owner occupy one unit while gaining income from the other! New roof, electrical, drywall, paint (exterior & interior), flooring, cabinetry & appliances (including washer/dryer combo) in both units. Large walk-in closets. Each unit includes two car garage. Upper unit has large deck w/ access from primary bedroom & lower unit has a covered patio. 12 minute walk to downtown Lynden shopping & restaurants.

Last Agent to Sell the Property

Sommer Cronck

RE/MAX Whatcom County, Inc. License #27319 Listed on: 09/16/2020

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Loren Van Corbach

Windermere Real Estate Whatcom License #105445

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1662945

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,260

Year Built

  • Built in 1996

Lot Details

  • 0.5 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end

Home Design

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

Interior Spaces

  • 3,084 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Lynden Mid Middle School
  • Lynden High School

Utilities

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

Community Details

  • Lynden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4003195503710000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,260

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3084
  • EffectiveYearBuiltSource: See Remarks
  • SOCComments: ~I look forward to working with you!~
  • Special Features: VirtualTour
  • Cumulative Days on Market: 288

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: High Efficiency - 90%+, Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Restored
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 4003195503710000
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3800

Multi Family

  • Gross Scheduled Income: 45600
  • Net Operating Income: 38514
  • Number Of Units Total: 2
  • Insurance Expense: 1002
  • Leasable Area: 3084
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4260

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Nov 17, 2020
Sold by
Lautenbach Maurine and Lautenbach Daniel Kurt
Bought by
Lautenbach Maurice and Lautenbach Daniel Kurt
Seller's Agent
Sommer Cronck
RE/MAX Whatcom County, Inc.
Buyer's Agent
Loren Van Corbach
Windermere Real Estate Whatcom
List Price
$625,000
Sold Price
$635,000
Premium/Discount to List
$10,000
1.6%
Total Days on Market
7
Current Estimated Value
$840,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,088
Avg. Annual Appreciation
7.57%
Original Mortgage
$476,250
Outstanding Balance
$429,556
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$456,170

Purchase Details

Closed on
Sep 15, 2011
Sold by
Lautenbach Maurine
Bought by
Lautenbach Maurine and Lautenbach Daniel Kurt

Purchase Details

Closed on
Apr 21, 2011
Sold by
Lautenbach Maurine Joan
Bought by
Lautenbach Daniel Kurt
Source: Public Records

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    • 1 Bath
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    Section Image

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
Lautenbach Maurice $635,000 Chicago Title Company
Lautenbach Maurine $351,390 None Available
Lautenbach Daniel Kurt -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lautenbach Maurice $476,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $635,000 +1.6% $206 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $625,000 -- $203 / 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 $4,650 $655,882 $242,500 $413,382
2023 $4,650 $647,483 $250,000 $397,483
2022 $4,958 $651,233 $203,525 $447,708
2021 $4,863 $538,202 $168,200 $370,002
2020 $4,260 $480,551 $150,183 $330,368
2019 $3,789 $440,730 $137,893 $302,837
2018 $4,142 $401,939 $125,615 $276,324
2017 $3,828 $360,774 $112,750 $248,024
2016 $3,614 $354,739 $110,000 $244,739
2015 $3,203 $333,081 $105,800 $227,281
2014 -- $321,795 $102,200 $219,595
2013 -- $319,595 $100,000 $219,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1662945

Northwest Multiple Listing Service (NWMLS)

APN: 400319-550371-0000