NOT LISTED FOR SALE

Estimated Value: $487,000 - $1,232,000

2 Beds
8 Baths
6,840 Sq Ft
$140/Sq Ft Est. Value

Last Sold February 13, 2015

Last sale price $1,515,000 $221 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $5,213/month

197 Days on Market

Highlights

  • Bay View
  • Deck
  • Corner Lot
  • Fairhaven Middle School Rated A-
  • Wood Flooring
  • 2-minute walk to Forest & Cedar Park

About This Home

As of February 2015

An opportunity! 3 luxury bayview units, custom designed by the current owner. Each unit is an entire floor, featuring private garages and elevator. All are constructed with high end finishes, professionally decorated, and air conditioned. The owners' penthouse unit features over 2,400 SF with both a living and family room, plus a 5 car garage. Ideally located close to Fairhaven Village, Interurban trail, and downtown Bellingham. A rare, unique opportunity for the discerning buyer!

Last Agent to Sell the Property

Chet Kenoyer

Windermere Real Estate Whatcom License #7168 Listed on: 06/17/2014

Windermere Real Estate Whatcom

Last Buyer's Agent

Chet Kenoyer

Windermere Real Estate Whatcom License #7168 Listed on: 06/17/2014

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 647398

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,112

Year Built

  • Built in 2007

Lot Details

  • Corner Lot
  • Property is in good condition

Property Views

  • Bay
  • City
  • Mountain
  • Territorial

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 6,840 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile

Parking

  • 17 Parking Spaces
  • 11 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3802365273930000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,112

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2007
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6840
  • Special Features: VirtualTour
  • Cumulative Days on Market: 558

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Slate, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Hot Water Recirc Pump, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Elevator,Fire Sprinklers,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 11
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 17
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City Of Bellingham
  • WaterSewerGarbage: 1868

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3802365273930000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 25
  • LeasedItems: None
  • TotalMonthlyIncome: 6354

Multi Family

  • Gross Scheduled Income: 67800
  • Net Operating Income: 67800
  • Number Of Units Total: 3
  • Electric Expense: 1174
  • Insurance Expense: 2271
  • Leasable Area: 6840
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 14112

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2018
Sold by
Olson & Olson Northwest Llc
Bought by
Lambert Linda L and Peck Amory M
Current Estimated Value
$956,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,000
Outstanding Balance
$394,534
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$437,950

Purchase Details

Closed on
May 9, 2018
Sold by
Olson & Olson Northwest Llc
Bought by
Lambert Linda L and Peck Amory M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,000
Outstanding Balance
$394,534
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$437,950

Purchase Details

Closed on
Jan 30, 2018
Sold by
Olson & Olson Northwest Llc
Bought by
Vanderboom William H and Vanderboom Phoebe

Purchase Details

Closed on
Aug 30, 2016
Sold by
Olson Mark S and Olson Doreen L
Bought by
Olson & Olson Northwest Llc

Purchase Details

Listed on
Jun 17, 2014
Closed on
Feb 10, 2015
Sold by
601 North State Street Condominiums Llc
Bought by
Olson Mark S and Olson Doreen L
Seller's Agent
Chet Kenoyer
Windermere Real Estate Whatcom
Buyer's Agent
Chet Kenoyer
Windermere Real Estate Whatcom
List Price
$1,695,000
Sold Price
$1,515,000
Premium/Discount to List
-$180,000
-10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.52%
Original Mortgage
$1,000,000
Interest Rate
3.8%
Mortgage Type
Seller Take Back
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
Lambert Linda L $630,000 Chicago Title
Lambert Linda L $630,000 Chicago Title Co
Vanderboom William H $699,000 Chicago Title
Olson & Olson Northwest Llc -- None Available
Olson Mark S $1,515,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lambert Linda L $453,000
Closed Lambert Linda L $453,000
Previous Owner Olson Mark S $1,000,000
Previous Owner Olson Mark S $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2015 02/13/15 Sold $1,515,000 -10.6% $221 / Sq Ft
01/02/2015 01/02/15 Pending -- -- --
06/18/2014 06/18/14 For Sale $1,695,000 -- $248 / 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 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $18,480 $0 $0 $0
2017 $16,096 $1,555,793 $342,570 $1,213,223
2016 $14,310 $1,416,228 $311,505 $1,104,723
2015 $14,345 $1,310,772 $293,835 $1,016,937
2014 -- $1,271,360 $285,000 $986,360
2013 -- $1,230,160 $265,500 $964,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 647398

Northwest Multiple Listing Service (NWMLS)

APN: 380236-527393-0000