Listed by Coldwell Banker Bain, Bought with Keller Williams Western Realty
NOT LISTED FOR SALE

540 2nd St Sumas, WA 98295

Estimated Value: $383,000 - $816,000

8 Beds
4 Baths
3,200 Sq Ft
$202/Sq Ft Est. Value

Sale Details

Date Sold: September 7, 2018

Last sale price $350,500 $110 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,889 / mo

16 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • High Speed Internet
  • Territorial View
  • Patio

About This Home

As of September 2018

This could be the best Multi-family in all of Whatcom County. 7 Bedroom, 4 bath, 4-Plex with plenty of parking listed at $90k per door w/ a 6% cap rate. There are 3 units w/ 2 bedrooms & 1 bath and 1 unit w/ 1 bedroom & 1 bath. On-site laundry. Already strong cap rate has room for improvement. All utilities are included in the rents, landlord pays the water, sewer & electric. Location is close to everything in Sumas and only a few blocks away from the Border.

Last Agent to Sell the Property

John Angier

Coldwell Banker Bain License #112197 Listed on: 06/05/2018

Coldwell Banker Bain

Co-Listed By

Ben Kinney

Keller Williams Western Realty License #24329

Last Buyer's Agent

Nathan Quessenberry

Keller Williams Western Realty License #104388

Keller Williams Western Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1304926

Northwest Multiple Listing Service (NWMLS)

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 1980

Lot Details

  • 7,841 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in average condition

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Sumas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4104351082130000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,471

Year Built

Built in 1980

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Quadruplex
  • CalculatedSquareFootage: 3200
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Average

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Sumas
  • WaterCompany: Sumas

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Nooksack Valley
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 4104351082130000
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2725

Tax Info

  • Year: 2018
  • Tax Annual Amount: 4471

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 1400
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

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

Closed on
Feb 23, 2023
Sold by
Bought by
Current Estimated Value
$646,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,550
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,550
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2019
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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
$415,000 --
-- None Listed On Document
-- None Available
$305,599 None Available
-- None Available
-- None Available
-- None Available
$325,280 First American Title Insuran
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 $150,000
Closed $450,000
Closed $387,550
Previous Owner $260,000
Previous Owner $133,500
Previous Owner $140,000
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
09/07/2018 09/07/18 Sold $350,500 -2.6% $110 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $360,000 -- $113 / 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 $4,036 $489,281 $156,228 $333,053
2024 $3,844 $426,800 $149,500 $277,300
2023 $3,844 $403,733 $137,744 $265,989
2022 $4,599 $363,730 $124,096 $239,634
2021 $4,369 $407,368 $102,560 $304,808
2020 $4,187 $331,201 $83,384 $247,817
2019 $3,538 $331,201 $83,384 $247,817
2018 $4,471 $317,760 $80,000 $237,760
2017 $3,977 $305,599 $63,800 $241,799
2016 $3,782 $282,018 $58,850 $223,168
2015 $3,395 $270,405 $56,760 $213,645
2014 -- $262,020 $55,000 $207,020
2013 -- $262,020 $55,000 $207,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1304926

Northwest Multiple Listing Service (NWMLS)

APN: 410435-100213-0000

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