NOT LISTED FOR SALE

6491 Portal Way Ferndale, WA 98248

Estimated Value: $498,000 - $564,050

3 Beds
2 Baths
1,032 Sq Ft
$521/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $550,000 $533 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,134/month

61 Days on Market

Highlights

  • 0.8 Acre Lot
  • Wood Burning Stove
  • Property is near public transit
  • Deck
  • Contemporary Architecture
  • Wooded Lot

About This Home

As of October 2023

Introducing a prime real estate opportunity in Ferndale City Limits on Portal Way! This permit-ready 11,000+ sq ft 86 unit mini storage facility is a turnkey investment, offering an additional 1,800 sq ft office/retail building. Benefit from the convenience of full approval for the Site Plan, Stormwater plan, and Land Disturbance Permit. All the legwork has been done - securing the performance bond and paying for the LDP are the only things needed to breaking ground. Added value in the fully engineered plans for all 4 buildings. The property currently features a rented single-family home on a flexible month-to-month lease. Act now and pick up the ready-to-go project! An ideal opportunity for savvy investors and entrepreneurs.

Last Agent to Sell the Property

Jeff Engen

MJB Real Estate Group License #21015477 Listed on: 06/22/2023

Co-Listed By

Michael Belisle

MJB Real Estate Group License #27047

Last Buyer's Agent

Jeff Engen

MJB Real Estate Group License #21015477 Listed on: 06/22/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2130430

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,301

Year Built

  • Built in 1950

Lot Details

  • 0.8 Acre Lot
  • Partially Fenced Property
  • Brush Vegetation
  • Level Lot
  • Wooded Lot
  • Value in Land
  • Property is in good condition
  • Zoning described as Commerical

Parking

  • 2 Car Detached Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 1,032 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Gas Fireplace
  • Territorial Views
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Deck
  • Outbuilding

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Cascadia Elementary School
  • Vista Mid Middle School
  • Ferndale High School

Utilities

  • Baseboard Heating
  • Well
  • Water Heater
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Ferndale Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,301

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1950
  • Inclusions: Dishwasher,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: Verhaeghe Short Plat
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1032
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2130430?w=Consumer&agent=134984
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Laminate, Wall to Wall Carpet, Fireplace, Water Heater
  • Living Area: 1032
  • Main Level Bedrooms: 3
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1032
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Refrigerator
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Carport, Driveway, Detached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Available, Septic Tank
  • Water Source: Individual Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterHeaterLocation: Utility
  • WaterHeaterType: Gas
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Ferndale
  • High School: Ferndale High
  • Middle Or Junior School: Vista Mid

Lot Info

  • Parcel Number: 3902172515210000
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.8
  • Lot Size Sq Ft: 34848
  • Zoning Description: Commerical
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Assessors
  • MLSSquareFootageSource: Assessors
  • ZoningJurisdiction: See Remarks
  • LotNumber: Lot 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2301

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Cascadia Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Oct 3, 2023
Sold by
Bbrwa Llc
Bought by
Northwest Superior Homes Llc
Seller's Agent
Jeff Engen
MJB Real Estate Group
Buyer's Agent
Jeff Engen
MJB Real Estate Group
List Price
$685,000
Sold Price
$550,000
Premium/Discount to List
-$135,000
-19.71%
Views
51
Current Estimated Value
$537,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,737
Avg. Annual Appreciation
-1.15%

Purchase Details

Closed on
Mar 12, 2021
Sold by
Verhaeghe Timothy A and Verhaeghe Pamela
Bought by
Bbrwa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving
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
Northwest Superior Homes Llc $550,000 Chicago Title
Bbrwa Llc $350,000 Chicago Title Company Of Wa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bbrwa Llc $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2023 10/06/23 Sold $550,000 -12.0% $533 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/18/2023 08/18/23 Price Changed $625,000 -3.7% $606 / Sq Ft
07/19/2023 07/19/23 Price Changed $649,000 -5.3% $629 / Sq Ft
06/22/2023 06/22/23 For Sale $685,000 +95.7% $664 / Sq Ft
05/13/2021 05/13/21 Sold $350,000 0.0% $339 / Sq Ft View Prior Sale
04/22/2021 04/22/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $350,000 -- $339 / 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 $3,394 $483,391 $291,000 $192,391
2023 $3,394 $484,991 $300,000 $184,991
2022 $2,078 $278,298 $149,808 $128,490
2021 $2,093 $229,998 $123,808 $106,190
2020 $2,027 $212,967 $114,640 $98,327
2019 $1,564 $185,488 $99,848 $85,640
2018 $1,820 $169,586 $91,288 $78,298
2017 $1,610 $148,616 $80,000 $68,616
2016 $1,514 $141,971 $77,168 $64,803
2015 $1,517 $133,875 $73,059 $60,816
2014 -- $131,025 $71,400 $59,625
2013 -- $128,976 $70,000 $58,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2130430

Northwest Multiple Listing Service (NWMLS)

APN: 390217-251521-0000