NOT LISTED FOR SALE

Estimated Value: $950,000 - $1,289,124

8 Beds
4 Baths
4,114 Sq Ft
$268/Sq Ft Est. Value

Last Sold June 26, 2017

Last sale price $696,000 $169 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,777/month

1 Day on Market

Highlights

  • Territorial View
  • Softwood Flooring
  • High Speed Internet
  • Fairhaven Middle School Rated A-
  • Corner Lot
  • 2-minute walk to Laurel Park

About This Home

As of June 2017

4-Plex half-block from WWU. Strong rental history, solid investment. High demand location, on edge of campus, making it a very competitive rental . Property is in excellent condition, with well maintained units of 1, 2, and 3 bedrooms. Good off street parking. Potential for expansion of units and additional income.

Last Listed By

Andy Webster

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

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1117400

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,778

Year Built

  • Built in 1935

Lot Details

  • 10,019 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,114 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 1 Covered Space
  • Open Parking

Schools

  • Lowell Elementary School
  • Kulshan Mid Middle School
  • Bellingham High School

Utilities

  • Radiator
  • High Speed Internet
  • Cable TV Available

Community Details

  • Sehome Subdivision

Listing and Financial Details

  • Legal Lot and Block 9-10 / 101
  • Assessor Parcel Number 3803311724090000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,778

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1935
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4114
  • Special Features: None
  • Cumulative Days on Market: 261

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Softwood, Vinyl, Carpet
  • Interior Amenities: Radiator, High Efficiency - 90%+, Fir/Softwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • 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: 3370

Fee Information

  • Annual Fuel Expense: 876

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Kulshan Mid

Lot Info

  • Parcel Number: 3803311724090000
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family
  • LotNumber: 9-10

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 4650

Multi Family

  • Gross Scheduled Income: 55800
  • Net Operating Income: 43886
  • Number Of Units Total: 4
  • Electric Expense: 2756
  • Insurance Expense: 1134
  • Leasable Area: 4114
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3778

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2017
Closed on
Jun 23, 2017
Sold by
Chen Daniel and Chen Betty
Bought by
Chen Family Trust
Seller's Agent
Andy Webster
Coldwell Banker Bain
Buyer's Agent
Troy Muljat
Muljat Group
List Price
$640,000
Sold Price
$696,000
Premium/Discount to List
$56,000
8.75%
Total Days on Market
1
Current Estimated Value
$1,102,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,375
Avg. Annual Appreciation
5.34%

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

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
Chen Family Trust -- Whatcom Land Title Co Inc
The James G Malick & Jeanie Layne Malick -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Family Trust $3,000,000
Previous Owner Malick James G $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $696,000 +8.8% $169 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $640,000 -- $156 / 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 $7,635 $3,177,523 $825,200 $2,352,323
2023 $7,635 $981,340 $367,020 $614,320
2022 $6,035 $831,660 $311,040 $520,620
2021 $5,921 $649,734 $243,000 $406,734
2020 $4,574 $601,606 $225,000 $376,606
2019 $4,309 $449,242 $236,800 $212,442
2018 $4,340 $424,344 $223,776 $200,568
2017 $3,778 $365,369 $192,320 $173,049
2016 $3,385 $332,453 $174,880 $157,573
2015 $3,393 $310,011 $164,960 $145,051
2014 -- $300,690 $160,000 $140,690
2013 -- $285,917 $154,875 $131,042
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1117400

Northwest Multiple Listing Service (NWMLS)

APN: 380331-172409-0000