NOT LISTED FOR SALE

Estimated Value: $402,000 - $965,000

0.61 Acre
$1,222,831 Price per Acre
26,572 Sq Ft Lot

Last Sold September 11, 2020

Last sale price $572,300

Est. 30% increase in value since last sale

Current estimated payment $4,720/month

2,957 Days on Market

Highlights

  • Ocean View
  • Property Fronts a Bay or Harbor
  • 4-minute walk to Clark's Point
  • Fairhaven Middle School Rated A-

About This Lot

As of September 2020

Spectacular front row waterfront building site located on Madrona Point in Edgemoor. Breathtaking view of Bellingham Bay, Sunsets and the San Juans. Over a 1/2 acre site with SW exposure and amazing views. Location, location, location! Easily buildable with all services available. Plans for a custom NW Style Craftsmen. Architecturally designed custom home that captures the stunning views, sparkling water and majestic Madrona's trees.

Last Listed By

Charlie Rinker

Windermere Real Estate Whatcom License #8814 Listed on: 05/04/2012

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM352464

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,020

Lot Details

  • Property Fronts a Bay or Harbor
  • Property fronts a saltwater canal
  • Sloped Lot

Property Views

  • Ocean
  • Views of a Sound
  • Bay

Community Details

  • Edgemoor Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 3702143864500000

Property Details

Property Type

Land

Est. Annual Taxes

$7,020

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Corners Flagged, Evergreens, Partially Cleared
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: CCAndR
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved
  • Road On Which Sideof Property: East
  • View: Bay, Ocean, Sound
  • Waterfront: Bay, Saltwater, Sound

Utilities

  • Electricity: Available
  • Gas Available: Available
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Edgemoor
  • Community Features: CCRs

Schools

  • School District: BEL

Lot Info

  • Lot Number: 1
  • Easements: Yes
  • General Zoning Classification: Residential
  • Improvements: Cable Tv Available
  • Lot Details: Curbs, Paved Street
  • Parcel Number: 3702143864500000
  • Slopeof Property: Waterfront
  • Survey: Yes
  • Topography: Sloped
  • Zoning Jurisdiction: City
  • Zoning Remarks: RS

Tax Info

  • Tax Amount: 5138

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2012
Closed on
Sep 2, 2020
Sold by
Hoistine James D and Hoistine Susan A
Bought by
Peck Family Revocable Trust
Seller's Agent
Charlie Rinker
Windermere Real Estate Whatcom
List Price
$590,000
Sold Price
$572,300
Premium/Discount to List
-$17,700
-3%
Total Days on Market
2957
Current Estimated Value
$745,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,627

Purchase Details

Closed on
Mar 23, 2005
Sold by
Madrona Pointe Developers Llc
Bought by
Holstine James D and Holstine Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Peck Family Revocable Trust $9,291,940 Chicago Title
Peck Steve $572,300 Chicago Title Bellingham
Holstine James D $495,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holstine James D $675,000
Previous Owner Holstine James D $346,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $572,300 -3.0% --
06/09/2020 06/09/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $590,000 -21.2% --
01/04/2020 01/04/20 Pending -- -- --
05/04/2012 05/04/12 For Sale $749,000 -- --
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 $7,020 $899,278 $899,278 --
2023 $7,020 $899,278 $899,278 $0
2022 $5,893 $694,430 $694,430 $0
2021 $5,965 $631,300 $631,300 $0
2020 $6,175 $590,000 $590,000 $0
2019 $6,226 $590,000 $590,000 $0
2018 $6,849 $596,600 $596,600 $0
2017 $6,284 $563,350 $563,350 $0
2016 $5,501 $539,600 $539,600 $0
2015 $5,686 $492,100 $492,100 $0
2014 -- $492,100 $492,100 $0
2013 -- $475,000 $475,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM352464

Northwest Multiple Listing Service (NWMLS)

APN: 370214-386450-0000