Listed by MJB Real Estate Group, Bought with MJB Real Estate Group
NOT LISTED FOR SALE

Estimated Value: $1,012,000 - $2,096,821

10 Beds
4 Baths
4,784 Sq Ft
$330/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $2,000,000 $418 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $9,667/month

47 Days on Market

Highlights

  • Bay View
  • Deck
  • No HOA
  • Fairhaven Middle School Rated A-
  • Wood Flooring
  • 2-minute walk to Forest & Cedar Park

About This Home

As of May 2022

One of a kind multi-family property in highly desirable location between downtown Bellingham and award-winning Western Washington University. This property features a 4-bed 1-bath updated bay view house AND a Triplex built in 2017, each with a spacious 1 car garage. The owner spared no expense in the building and maintaining, and these city and bay views can't be beat. This is an ideal multi-family to own for the long term. Between population growth in the city and the student population of WWU, these units yield high-demand occupancy and rising rents. A property in this condition is a rare find. Now is your chance to own a high-quality asset in a high quality location.

Last Agent to Sell the Property

Michael Belisle

MJB Real Estate Group License #27047 Listed on: 02/09/2022

Last Buyer's Agent

Jason Custis

MJB Real Estate Group License #137410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1887534

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,164

Year Built

  • Built in 2017

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Bay
  • City

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 4,784 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 8 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

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

Community Details

  • No Home Owners Association
  • Town Of New Whatcom Condos
  • Bellingham Subdivision

Listing and Financial Details

  • Legal Lot and Block 12 / 65
  • Assessor Parcel Number 3802365613820000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,164

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2017
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Town of New Whatcom
  • New Construction: No
  • CalculatedSquareFootage: 4784
  • SOCComments: Thank you!
  • Special Features: VirtualTour
  • Cumulative Days on Market: 373

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl Plank, Carpet
  • Interior Amenities: High Efficiency - 90%+, Forced Air, Heat Pump, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Bay, City
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 4816

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3802365613820000
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Assessors
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 12

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 7900

Multi Family

  • Gross Scheduled Income: 92600
  • Net Operating Income: 66251
  • Number Of Units Total: 4
  • Insurance Expense: 2102
  • Leasable Area: 4784
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 10164

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2023
Sold by
Stubblefield Maxwell and Stubblefield Lauren Gilmore
Bought by
Stubblefield Living Trust and Stubblefield
Current Estimated Value
$1,577,705

Purchase Details

Listed on
Feb 9, 2022
Closed on
Apr 22, 2022
Sold by
Horan Laura
Bought by
Stubblefield Lincoln M and Stubblefield Lauren Gilmore
Seller's Agent
Michael Belisle
MJB Real Estate Group
Buyer's Agent
Jason Custis
MJB Real Estate Group
List Price
$2,000,000
Sold Price
$2,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.98%
Original Mortgage
$1,500,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2020
Sold by
Horan Laura
Bought by
Horan Laura and Horan-Spatz Marc

Purchase Details

Closed on
Apr 15, 2010
Sold by
Hoffman John
Bought by
Horan Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2010
Sold by
Ahn Sang D and Ahn Soon Ja
Bought by
Horan Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2003
Sold by
Lawrence Richard R
Bought by
Ahn Sang D and Ahn Soon Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,600
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2002
Sold by
Sander Susan Berry
Bought by
Lawrence Richard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,950
Interest Rate
6%

Purchase Details

Closed on
Jun 21, 2001
Sold by
Sander Dean Edward
Bought by
Sander Susan Berry
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
Stubblefield Living Trust $313 None Listed On Document
Stubblefield Lincoln M -- Whatcom Land Title
Horan Laura -- None Listed On Document
Horan Laura -- Stewart Title Company
Horan Laura $295,280 Stewart Title Company
Ahn Sang D $277,000 Whatcom Land Title
Lawrence Richard R $178,700 Whatcom Land Title
Sander Susan Berry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stubblefield Lincoln M $1,500,000
Previous Owner Horan Laura $40,000
Previous Owner Horan Laura $632,000
Previous Owner Horan Laura $221,250
Previous Owner Ahn Sang D $221,600
Previous Owner Lawrence Richard R $142,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $2,000,000 0.0% $418 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $2,000,000 0.0% $418 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $2,000,000 -- $418 / 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 $12,856 $1,611,804 $572,652 $1,039,152
2023 $12,856 $1,652,841 $587,232 $1,065,609
2022 $10,165 $1,400,741 $497,664 $903,077
2021 $9,972 $1,094,328 $388,800 $705,528
2020 $9,063 $1,013,267 $360,000 $653,267
2019 $8,537 $890,087 $325,600 $564,487
2018 $8,603 $840,628 $307,692 $532,936
2017 $3,779 $724,255 $264,440 $459,815
2016 $3,401 $332,514 $240,460 $92,054
2015 $3,410 $311,559 $226,820 $84,739
2014 -- $302,191 $220,000 $82,191
2013 -- $294,894 $212,400 $82,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1887534

Northwest Multiple Listing Service (NWMLS)

APN: 380236-561382-0000