Listed by Pacific Continental Realty LLC, Bought with Windermere Real Estate Whatcom
NOT LISTED FOR SALE

5863 Cedar St Ferndale, WA 98248

Estimated Value: $789,000 - $900,000

-- Bed
5 Baths
2,550 Sq Ft
$330/Sq Ft Est. Value

Last Sold February 26, 2013

Last sale price $315,000 $124 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $4,767/month

7 Days on Market

Highlights

  • Territorial View
  • Property is in very good condition
  • Wall to Wall Carpet
  • Patio

About This Home

As of February 2013

Excellent investment opportunity or live in one unit and have rental income to offset your mortgage. First time on market, clean, newer triplex, in a great Ferndale neighborhood. Two of the two bedroom units are currently rented under market rents at $600 per month. The 3 bedroom unit is vacant and move in ready. Great property that is bank owned and priced to sell!

Last Agent to Sell the Property

KC Coonc

Pacific Continental Realty LLC License #17357 Listed on: 01/08/2013

Co-Listed By

Ryan Martin

Pacific Continental Realty LLC License #52053

Last Buyer's Agent

Heather Othmer

Windermere Real Estate Whatcom License #73648

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 435597

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,521

Year Built

  • Built in 2006

Lot Details

  • 8,276 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,550 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Ferndale Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 3902202302320000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,521

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2006
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2550
  • NewConstruction: Completed
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Ferndale
  • WaterCompany: Ferndale

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Parcel Number: 3902202302320000
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,Patio
  • ZoningClass: Multi-Family
  • LotNumber: 4

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2350

Tax Info

  • Year: 2012
  • Tax Annual Amount: 2521

Multi Family

  • Number Of Units Total: 3
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2020
Sold by
Drost Jeremy and Drost Anna
Bought by
Lynden Houses Llc
Current Estimated Value
$833,484

Purchase Details

Listed on
Jan 8, 2013
Closed on
Feb 22, 2013
Sold by
Wib Properties Coda Llc
Bought by
Drost Jeremy A and Drost Anna
Seller's Agent
KC Coonc
Pacific Continental Realty LLC
Buyer's Agent
Heather Othmer
Windermere Real Estate Whatcom
List Price
$315,000
Sold Price
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$236,250
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2012
Sold by
Coda Capital Llc
Bought by
Wib Properties Coda Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lynden Houses Llc -- Accommodation
Drost Jeremy A $315,280 Whatcom Land Title
Wib Properties Coda Llc $320,705 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drost Jeremy A $236,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2013 02/26/13 Sold $315,000 0.0% $124 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $315,000 -- $124 / 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
2025 $4,957 $663,229 $218,250 $444,979
2024 $4,527 $661,015 $218,250 $442,765
2023 $4,527 $650,736 $225,000 $425,736
2022 $4,245 $573,705 $140,445 $433,260
2021 $4,275 $474,135 $116,070 $358,065
2020 $4,139 $439,025 $107,475 $331,550
2019 $3,184 $382,378 $93,608 $288,770
2018 $3,713 $349,597 $85,583 $264,014
2017 $2,844 $306,368 $75,000 $231,368
2016 $2,666 $253,768 $60,632 $193,136
2015 $2,673 $238,658 $57,404 $181,254
2014 -- $233,803 $56,100 $177,703
2013 -- $230,770 $55,000 $175,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 435597

Northwest Multiple Listing Service (NWMLS)

APN: 390220-230232-0000