522 12th St Bellingham, WA 98225
South Hill NeighborhoodEstimated payment $5,107/month
Highlights
- Ocean View
- Deck
- 2 Fireplaces
- Fairhaven Middle School Rated A-
- Property is near public transit and bus stop
- 1-minute walk to Boulevard Park
About This Home
The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham’s highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer’s Market, WWU, and access to Bellingham’s scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong — and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2560051
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,147
Year Built
- Built in 1938
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 104' x 35
- Southwest Facing Home
- Sloped Lot
Property Views
- Ocean
- Views of a Sound
- Bay
- City
Home Design
- Cabin
- Poured Concrete
- Composition Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 968 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Gas Fireplace
- Laminate Flooring
- Stove
Bedrooms and Bathrooms
- Bathroom on Main Level
Parking
- Driveway
- Off-Street Parking
Schools
- Lowell Elementary School
- Fairhaven Mid Middle School
- Sehome High School
Utilities
- Water Heater
- Cable TV Available
Additional Features
- Deck
- Property is near public transit and bus stop
Community Details
- No Home Owners Association
- South Hill Subdivision
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Legal Lot and Block Lot B / Block 14
- Assessor Parcel Number 3702011174480000
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,259 | $889,873 | $668,378 | $221,495 |
| 2024 | $7,147 | $886,908 | $675,760 | $211,148 |
| 2023 | $7,147 | $918,617 | $699,920 | $218,697 |
| 2022 | $5,886 | $781,806 | $595,680 | $186,126 |
| 2021 | $5,591 | $630,506 | $480,400 | $150,106 |
| 2020 | $5,494 | $553,071 | $421,400 | $131,671 |
| 2019 | $3,397 | $524,984 | $400,000 | $124,984 |
| 2018 | $3,513 | $325,496 | $225,680 | $99,816 |
| 2017 | $3,097 | $288,921 | $200,320 | $88,601 |
| 2016 | $2,819 | $265,956 | $184,320 | $81,636 |
| 2015 | $2,775 | $252,176 | $174,720 | $77,456 |
| 2014 | -- | $240,165 | $166,400 | $73,765 |
| 2013 | -- | $229,655 | $160,000 | $69,655 |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $200,000 | Whatcom Land Title | |
| Quit Claim Deed | -- | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2560051
APN: 370201-117448-0000
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.