Listed by Coldwell Banker Bain, Bought with Real Property Associates
NOT LISTED FOR SALE

Estimated Value: $966,000 - $1,118,241

4 Beds
4 Baths
2,361 Sq Ft
$452/Sq Ft Est. Value

Last Sold June 29, 2017

Last sale price $619,000 $262 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,340/month

7 Days on Market

Highlights

  • Bay View
  • Deck
  • High Speed Internet
  • Fairhaven Middle School Rated A-
  • Softwood Flooring
  • 2-minute walk to Forest & Cedar Park

About This Home

As of June 2017

College rental, 4-plex, multifamily zoning: walking distance to WWU, solid investment. Newer roof, coin-op laundry. Good off street parking, plus garage and storage unit. Bay and City views, charming 1 and 2 bedroom units, always rented. Outstanding location, potential redevelopment site.

Last Agent to Sell the Property

Andy Webster

Coldwell Banker Bain License #48977 Listed on: 05/03/2017

Coldwell Banker Bain

Last Buyer's Agent

Fran Lilleness

Real Property Associates License #108885

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1116490

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,644

Year Built

  • Built in 1915

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in average condition

Property Views

  • Bay
  • City
  • Mountain

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,361 Sq Ft Home
  • 2-Story Property

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Radiator
  • High Speed Internet
  • Cable TV Available

Community Details

  • New Whatcom Condos
  • South Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 65
  • Assessor Parcel Number 3802365573950000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,644

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1915
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: New Whatcom
  • New Construction: No
  • CalculatedSquareFootage: 2361
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Softwood, Hardwood, Vinyl, Carpet
  • Interior Amenities: Radiator, Hot Water Recirc Pump, Fir/Softwood, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s)
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 2384

Schools

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

Lot Info

  • Parcel Number: 3802365573950000
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family
  • LotNumber: 4

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 4180

Multi Family

  • Gross Scheduled Income: 49500
  • Net Operating Income: 38533
  • Number Of Units Total: 4
  • Insurance Expense: 1135
  • Leasable Area: 2361
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4644

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2017
Closed on
Jun 26, 2017
Sold by
Malick James G and Malick Jeanie J
Bought by
616 Partners Llc
Seller's Agent
Andy Webster
Coldwell Banker Bain
Buyer's Agent
Fran Lilleness
Real Property Associates
List Price
$625,000
Sold Price
$619,000
Premium/Discount to List
-$6,000
-0.96%
Current Estimated Value
$1,067,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,310
Avg. Annual Appreciation
6.78%

Purchase Details

Closed on
Jul 10, 2015
Sold by
Malick James G and Malick Jeanie Layne
Bought by
The James G Malick & Jeanie Layne Malick and Malick James G
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
616 Partners Llc $619,000 Whatcom Land Title Co Inc
The James G Malick & Jeanie Layne Malick -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2017 06/29/17 Sold $619,000 -1.0% $262 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $625,000 -- $265 / 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 $8,169 $1,023,959 $572,652 $451,307
2023 $8,169 $1,050,030 $587,232 $462,798
2022 $6,458 $889,873 $497,664 $392,209
2021 $6,335 $695,213 $388,800 $306,413
2020 $5,622 $643,716 $360,000 $283,716
2019 $5,296 $552,117 $284,900 $267,217
2018 $5,334 $521,512 $269,231 $252,281
2017 $4,644 $449,052 $231,385 $217,667
2016 $4,159 $408,604 $210,403 $198,201
2015 $4,169 $380,919 $198,468 $182,451
2014 -- $369,465 $192,500 $176,965
2013 -- $355,409 $185,850 $169,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1116490

Northwest Multiple Listing Service (NWMLS)

APN: 380236-557395-0000