Listed by Muljat Group, Bought with Hammer Properties NW Inc.
NOT LISTED FOR SALE

Estimated Value: $977,000 - $1,322,222

12 Beds
5 Baths
1,928 Sq Ft
$631/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $540,000 $280 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $7,460/month

14 Days on Market

About This Home

As of October 2016

Great 3 unit close to WWU college. Always rented! The property has a long standing rental history, with low vacancy. Great bay and city views. Solid investment. Owner has self-managed. Estate sale. Please note that the four neighboring properties are also listed for sale as well.

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 09/08/2016

Muljat Group

Last Buyer's Agent

Mike Hayes

Hammer Properties NW Inc. License #18803

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1024239

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,468

Year Built

  • Built in 1905

Lot Details

  • 6,878

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Additional Features

  • 3-Story Property
  • 6,878 Sq Ft Lot
  • Natural Gas Connected

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803310103930000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,468

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1905
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 2250

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803310103930000
  • Lot Size Acres: 0.1579
  • Lot Size Sq Ft: 6878
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3670

Multi Family

  • Gross Scheduled Income: 44040
  • Net Operating Income: 29404
  • Number Of Units Total: 3
  • Electric Expense: 1050
  • Insurance Expense: 800
  • Leasable Area: 3856
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4468

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2016
Closed on
Oct 12, 2016
Sold by
Gravning Family Limited Partnership
Bought by
625 N Forest Llc
Seller's Agent
Troy Muljat
Muljat Group
Buyer's Agent
Mike Hayes
Hammer Properties NW Inc.
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Current Estimated Value
$1,217,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$677,056
Avg. Annual Appreciation
9.49%
Original Mortgage
$405,000
Outstanding Balance
$51,016
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$1,166,040
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
625 N Forest Llc $540,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 625 N Forest Llc $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $540,000 -6.1% $280 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $575,000 -- $298 / 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 $12,082 $1,514,725 $668,094 $846,631
2023 $12,082 $1,553,290 $685,104 $868,186
2022 $9,553 $1,316,374 $580,608 $735,766
2021 $9,372 $1,028,417 $453,600 $574,817
2020 $8,342 $952,238 $420,000 $532,238
2019 $5,688 $819,247 $318,200 $501,047
2018 $5,727 $560,038 $300,699 $259,339
2017 $4,986 $482,187 $258,430 $223,757
2016 $4,468 $438,741 $234,995 $203,746
2015 $4,478 $409,220 $221,665 $187,555
2014 -- $396,916 $215,000 $181,916
2013 -- $387,742 $212,400 $175,342
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1024239

Northwest Multiple Listing Service (NWMLS)

APN: 380331-010393-0000