NOT LISTED FOR SALE

Estimated Value: $1,027,000 - $1,180,000

4 Beds
2 Baths
1,984 Sq Ft
$553/Sq Ft Est. Value

Last Sold February 22, 2021

Last sale price $821,000 $414 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,813/month

21 Days on Market

Highlights

  • Ocean View
  • Spa
  • Bamboo Flooring
  • Fairhaven Middle School Rated A-
  • Rooftop Deck
  • 3-minute walk to Forest & Cedar Park

About This Home

As of February 2021

Excellent opportunity to own a renovated duplex on south hill with perfect sunset view of the bay! Each unit enjoys an open floor plan with 2 bedrooms, 1 bath, and your own private deck. Upper unit has additional terrace with a wood burning hot tub! New roof in 2014. New windows in 2017. New electrical and plumbing. This duplex also has an additional space below for another duplex which has been permitted with designs, engineering and permits that were issued and ready to build (expired now). Great opportunity to purchase and build an irreplaceable income property!

Last Agent to Sell the Property

Jason Loeb

Windermere Real Estate Whatcom License #91977 Listed on: 11/19/2020

Windermere Real Estate Whatcom

Last Buyer's Agent

Chet Kenoyer

Windermere Real Estate Whatcom License #7168

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1691307

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,887

Year Built

  • Built in 1978

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 55'x125'x55'x125'
  • Property is in good condition

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • City

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 1,984 Sq Ft Home
  • 2-Story Property

Flooring

  • Bamboo
  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Spa
  • Rooftop Deck
  • Gazebo

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • New Whatcom Condos
  • South Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block Lot 2 / Block 65
  • Assessor Parcel Number 3802365634040000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,887

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: New Whatcom
  • New Construction: No
  • CalculatedSquareFootage: 1984
  • Special Features: None
  • Cumulative Days on Market: 309

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: Yes
  • Fireplace: No
  • Flooring: Bamboo/Cork, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Ceramic Tile, Hardwood, Bamboo/Cork
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Bay, City, Ocean, Sound
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 1

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3802365634040000
  • Lot Size Acres: 0.14
  • Lot Size: 55'x125'x55'x125'
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Cable TV,Deck,High Speed Internet,Hot Tub/Spa,Rooftop Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: Lot 2

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 30000
  • Number Of Units Total: 2
  • Electric Expense: 1
  • Insurance Expense: 1000
  • Leasable Area: 1984
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5887

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Feb 5, 2021
Sold by
Bellingham Bay Homes Llc
Bought by
Land Matthew and Land Erin
Seller's Agent
Jason Loeb
Windermere Real Estate Whatcom
Buyer's Agent
Chet Kenoyer
Windermere Real Estate Whatcom
List Price
$820,000
Sold Price
$821,000
Premium/Discount to List
$1,000
0.12%
Current Estimated Value
$1,098,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,024
Avg. Annual Appreciation
6.96%
Original Mortgage
$82,600
Outstanding Balance
$75,007
Interest Rate
2.81%
Mortgage Type
New Conventional
Estimated Equity
$1,023,017

Purchase Details

Closed on
Oct 17, 2019
Sold by
Newberry Robyn and Newberry Brenin
Bought by
Bellingham Bay Homes Llc

Purchase Details

Closed on
Feb 28, 2019
Sold by
Dykstra John Steven
Bought by
Newberry Brenin and Newberry Robyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 1, 2010
Sold by
Dykstra Melanie
Bought by
Dykstra John Steven

Purchase Details

Closed on
Jul 30, 2009
Sold by
Iglehart Judith C
Bought by
Dykstra John Steven and Dykstra Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2004
Sold by
Morris Scott P and Sinclair Amy L
Bought by
Iglehart Judith C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2001
Sold by
Holtzheimer John A
Bought by
Morris Scott P and Sinclair Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Land Matthew $820,955 Whatcom Land Title Co Inc
Bellingham Bay Homes Llc -- None Available
Newberry Brenin $695,000 Whatcom Land Title
Dykstra John Steven -- None Available
Dykstra John Steven $387,280 First American Title Ins
Iglehart Judith C $325,000 Chicago Title Insurance
Morris Scott P $189,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Land Matthew $82,600
Closed Land Matthew $82,600
Closed Land Matthew $82,600
Open Land Matthew $615,250
Previous Owner Newberry Brenin $521,250
Previous Owner Dykstra John Steven $65,000
Previous Owner Dykstra John Steven $314,500
Previous Owner Iglehart Judith C $147,500
Previous Owner Morris Scott P $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2021 02/22/21 Sold $821,000 +0.1% $414 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $820,000 -- $413 / 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 $8,366 $1,048,671 $572,652 $476,019
2023 $8,366 $1,075,370 $587,232 $488,138
2022 $6,613 $911,349 $497,664 $413,685
2021 $6,488 $711,991 $388,800 $323,191
2020 $5,887 $659,251 $360,000 $299,251
2019 $5,546 $578,160 $321,160 $257,000
2018 $5,585 $546,132 $303,496 $242,636
2017 $4,518 $470,179 $260,834 $209,345
2016 $4,054 $397,531 $237,181 $160,350
2015 $4,064 $371,335 $223,727 $147,608
2014 -- $360,170 $217,000 $143,170
2013 -- $348,871 $212,400 $136,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1691307

Northwest Multiple Listing Service (NWMLS)

APN: 380236-563404-0000