Listed by eXp Realty, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

590 Front St Sumas, WA 98295

Estimated Value: $674,352 - $1,109,000

8 Beds
4 Baths
8,792 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $1,158,000 $132 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $4,580/month

619 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Open Space
  • Deck
  • Patio
  • Wall to Wall Carpet

About This Home

As of September 2021

Investor Alert! 2 properties Included! Purchase of this pair offers tremendous upside potential, great rental history, long term tenants, & room to bring up to market rents! Spacious 2BD 1BA units, 2 Coin Op laundry rooms, individual storage rooms, huge over sized parking lot, & a cozy courtyard allows for additional green space! Excellent Opportunity to build your portfolio by 8 units, all while taking advantage of the lower rates & easier financing options each individual 4-plex has to offer.

Last Agent to Sell the Property

Dee Dee Swartz

eXp Realty License #111539 Listed on: 10/25/2019

eXp Realty

Last Buyer's Agent

Nav Narwal

Coldwell Banker Bain License #128115

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1535277

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,052

Year Built

  • Built in 1955

Lot Details

  • 0.5 Acre Lot
  • Open Space
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

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

Interior Spaces

  • 8,792 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 20 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Sumas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4104351710140000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,052

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1955
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8792
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Curbs, Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: City of Sumas
  • SewerCompany: City of Sumas
  • WaterCompany: City of Sumas
  • WaterSewerGarbage: 7044

Condo/Co-op/Association

  • Senior Community: No
  • 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: 4104351710140000
  • Lot Size Acres: 0.5
  • Lot Size: 8792
  • Lot Size Sq Ft: 21780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 7800

Multi Family

  • Gross Scheduled Income: 97800
  • Net Operating Income: 76212
  • Number Of Units Total: 8
  • Electric Expense: 960
  • Insurance Expense: 2832
  • Leasable Area: 8792
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 8052

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2019
Closed on
Sep 17, 2021
Sold by
Clarenbach Todd
Bought by
Maan Harjot Singh
Seller's Agent
Dee Dee Swartz
eXp Realty
Buyer's Agent
Nav Narwal
Coldwell Banker Bain
List Price
$1,250,000
Sold Price
$1,158,000
Premium/Discount to List
-$92,000
-7.36%
Current Estimated Value
$791,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$366,912
Avg. Annual Appreciation
-8.98%
Original Mortgage
$434,250
Outstanding Balance
$394,545
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$396,543

Purchase Details

Closed on
Mar 12, 2020
Sold by
Sum2 Llc
Bought by
Clarenbach Todd

Purchase Details

Closed on
Jan 25, 2006
Sold by
Clarenbach Todd D
Bought by
Sum 2 Llc

Purchase Details

Closed on
Jun 28, 2005
Sold by
Sum 2 Llc
Bought by
Clarenbach Todd D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2004
Sold by
Clarenbach Todd D
Bought by
Sum 2 Llc

Purchase Details

Closed on
Mar 7, 2003
Sold by
Vanbeek Jeffrey L and Vanbeek Shannon S
Bought by
Clarenbach Todd D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
5.83%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Maan Harjot Singh $579,000 Whatcom Land Title Co Inc
Clarenbach Todd -- None Available
Sum 2 Llc -- None Available
Clarenbach Todd D -- Chicago Title Insurance
Sum 2 Llc -- --
Clarenbach Todd D $210,500 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maan Harjot Singh $434,250
Previous Owner Clarenbach Todd D $201,000
Previous Owner Clarenbach Todd D $166,000
Closed Clarenbach Todd D $20,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $1,158,000 -5.9% $132 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
03/31/2021 03/31/21 Price Changed $1,230,000 -0.8% $140 / Sq Ft
09/01/2020 09/01/20 Price Changed $1,240,000 -0.8% $141 / Sq Ft
03/23/2020 03/23/20 For Sale $1,250,000 0.0% $142 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
10/25/2019 10/25/19 For Sale $1,250,000 -- $142 / 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 $4,627 $659,057 $149,500 $509,557
2023 $4,627 $487,795 $198,007 $289,788
2022 $5,286 $439,463 $178,388 $261,075
2021 $5,021 $469,212 $147,430 $321,782
2020 $4,810 $381,482 $119,865 $261,617
2019 $4,064 $381,482 $119,865 $261,617
2018 $4,777 $366,000 $115,000 $251,000
2017 $4,248 $326,834 $63,800 $263,034
2016 $4,039 $301,616 $58,850 $242,766
2015 $3,625 $289,166 $56,760 $232,406
2014 -- $280,200 $55,000 $225,200
2013 -- $280,200 $55,000 $225,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1535277

Northwest Multiple Listing Service (NWMLS)

APN: 410435-179014-0000