NOT LISTED FOR SALE

Estimated Value: $1,157,000 - $1,304,573

8 Beds
4 Baths
2,960 Sq Ft
$417/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $1,092,600 $369 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,465/month

2 Days on Market

Highlights

  • 0.91 Acre Lot
  • Deck
  • Wall to Wall Carpet
  • Kulshan Middle School Rated A-
  • High Speed Internet

About This Home

As of July 2021

One of the Nicest 4-Plex parcels in all of Bellingham!!!! HUGE 9/10th of a acre parcel (39,640 SQFT). The total Building Size is 2,960 SQFT, Each unit is 740 Square Feet with 2 Bedrooms, open floor plan and each with Washer and Dryer hook-ups AND a Covered parking spot in the Carport. Woodsy private setting. Rare Multi-Family property in a predominately Residential Single Family Owner Occupied Neighborhood. Perfect location for a owner occupant or investor. Room to Expand!! Current long term owners have rented the units below fair market value, true rental amounts should be in the $1500-$1800 range, per unit per month or $60,000 - $86,400 annually.

Last Agent to Sell the Property

Keith Cook

RE/MAX Whatcom County, Inc. License #7189 Listed on: 06/15/2021

RE/MAX Whatcom County, Inc.

Last Buyer's Agent

Doug Nesbit

Windermere Real Estate Whatcom License #37488

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1792188

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,366

Year Built

  • Built in 1987

Lot Details

  • 0.91

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,960 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Wade King Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • 0.91 Acre Lot

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803325401120000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,366

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1987
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2960
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 294

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 4519

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3803325401120000
  • Lot Size Acres: 0.91
  • Lot Size Sq Ft: 39640
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 4900

Multi Family

  • Gross Scheduled Income: 58800
  • Net Operating Income: 44290
  • Number Of Units Total: 4
  • Insurance Expense: 1944
  • Leasable Area: 2960
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5366

MLS Schools

  • Elementary School: Wade King Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Jul 21, 2021
Sold by
881 San Juan Llc
Bought by
Sharf Keene Investment Properties Llc
Seller's Agent
Keith Cook
RE/MAX Whatcom County, Inc.
Buyer's Agent
Doug Nesbit
Windermere Real Estate Whatcom
List Price
$996,000
Sold Price
$1,092,600
Premium/Discount to List
$96,600
9.7%
Total Days on Market
2
Current Estimated Value
$1,234,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,043
Avg. Annual Appreciation
0.90%
Original Mortgage
$553,100
Outstanding Balance
$508,538
Interest Rate
2.93%
Mortgage Type
Commercial
Estimated Equity
$623,044

Purchase Details

Closed on
Oct 28, 2015
Sold by
Theisen Pamela A
Bought by
881 San Juan Llc

Purchase Details

Closed on
Apr 29, 2004
Sold by
Wt & E Llc 1284
Bought by
Theisen Pamela

Purchase Details

Closed on
Dec 10, 2003
Sold by
Obertos Walter and Obertos Lillian
Bought by
Wt & E Llc 1284
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
Sharf Keene Investment Properties Llc $1,092,600 Chicago Title Company
881 San Juan Llc -- None Available
Theisen Pamela -- Chicago Title Insurance
Wt & E Llc 1284 -- Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharf Keene Investment Properties Llc $553,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $1,092,600 +9.7% $369 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $996,000 -- $336 / 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 $7,047 $874,427 $371,668 $502,759
2023 $7,047 $905,689 $384,956 $520,733
2022 $5,774 $770,804 $327,624 $443,180
2021 $5,367 $621,633 $264,220 $357,413
2020 $5,270 $545,287 $231,770 $313,517
2019 $5,548 $517,596 $220,000 $297,596
2018 $5,760 $546,342 $186,186 $360,156
2017 $5,076 $484,956 $165,264 $319,692
2016 $4,625 $446,623 $152,064 $294,559
2015 $4,552 $423,623 $144,144 $279,479
2014 -- $403,438 $137,280 $266,158
2013 -- $383,330 $132,000 $251,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1792188

Northwest Multiple Listing Service (NWMLS)

APN: 380332-540112-0000