Listed by RJR Real Estate Inc.
$1,000,000
$250K PRICE DROP

7687 Francis Ln Unit 1-4 Blaine, WA 98230

Birch Bay Neighborhood

Estimated payment $6,003/month

Total Views 17,756
7 Beds
4 Baths
2,004 Sq Ft
$499 Price per Sq Ft

Highlights

  • Bay View
  • No HOA
  • Partially Fenced Property
  • Deck
  • High Speed Internet
  • Wood Siding

About This Home

MAJOR PRICE REDUCTION. MOTIVATED SELLER HAS REDUCED THE PRICE AGAIN. Birch Bay living year round. Updated 4-plex located one block off Birch Bay Drive. Three 2 bedroom units and 1 one bedroom unit. All units were remodeled in 2021. Parking lot resurfaced in 2024. Laundry room on site equipped with stack washer/dryer. VA Loan 2.75% interest rate can be assumed by a non-veteran. Balance owing is $484,000. RESORT COMMERCIAL ZONING ALLOWS NO SET BACKS AND NO HEIGHT RESTRICTIONS. ADDITIONAL UNITS CAN BE ADDED WITH GREAT VIEW OF BIRCH BAY. PROPERTY WAS RECENTLY SURVEYED.

Listing Agent

Julie Carney

RJR Real Estate Inc. License #12271 Listed on: 06/24/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2256754

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,330

Year Built

  • Built in 1952

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 65 x 106
  • Partially Fenced Property

Property Views

  • Bay
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,004 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Blaine Elementary School
  • Blaine Mid Middle School
  • Blaine High School

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Frances Lane Gateway Condo
  • Birch Bay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 400131121546

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,330

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1952
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Frances Lane Gateway Condo
  • New Construction: No
  • CalculatedSquareFootage: 2004
  • Special Features: None
  • Cumulative Days on Market: 412

Interior Features

  • Possible Use: Commercial, See Remarks
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Bay, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: BBWater/Sewer
  • WaterCompany: BBWater/Sewer
  • CableConnected: Comcast
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1860

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Blaine
  • High School: Blaine High
  • Middle Or Junior School: Blaine Mid

Lot Info

  • Parcel Number: 400131121546
  • Lot Size Acres: 0.14
  • Lot Size: 65 x 106
  • Lot Size Sq Ft: 6098
  • Zoning Description: Commercial,See Remarks
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.43
  • LeasedItems: None
  • TotalMonthlyIncome: 5400

Multi Family

  • Gross Scheduled Income: 64800
  • Net Operating Income: 52835
  • Number Of Units Total: 4
  • Insurance Expense: 3775
  • Leasable Area: 2004
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6330

MLS Schools

  • Elementary School: Blaine Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,330 $918,324 $457,031 $461,293
2023 $6,330 $918,324 $457,031 $461,293
2022 $5,450 $816,288 $406,250 $410,038
2021 $3,341 $600,729 $245,040 $355,689
2020 $3,199 $345,189 $165,360 $179,829
2019 $2,892 $318,135 $152,400 $165,735
2018 $2,986 $280,811 $134,520 $146,291
2017 $2,589 $258,015 $123,600 $134,415
2016 $2,645 $250,500 $120,000 $130,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $1,000,000 -9.1% $499 / Sq Ft
04/05/2025 04/05/25 Price Changed $1,100,000 -4.3% $549 / Sq Ft
01/30/2025 01/30/25 Price Changed $1,150,000 -8.0% $574 / Sq Ft
06/24/2024 06/24/24 For Sale $1,250,000 -- $624 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 New Conventional
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2256754

Northwest Multiple Listing Service (NWMLS)

APN: 400131-121546-0000