Listed by John L. Scott Bellingham
NOT LISTED FOR SALE
-- Beds
-- Baths
9,090 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: December 28, 2015

Last sale price $1,650,000 $182 Per Sq Ft

134 Days on Market

Highlights

  • Wood Flooring
  • Partially Fenced Property
  • Wood Siding
  • Fairhaven Middle School Rated A-

About This Home

As of December 2015

Excellent investment property for stable and steady income flow as a fully-occupied student housing complex near the ever-growing Western Washington University (WWU) in Bellingham with easy accesses to I-5 and other aemnities. It consists of a recently renovated duplex with 4BR/2BA each; plus a three-story apartment with seven 1BR/1BA and two 4BR/2BA units managed by professional management company.

Last Agent to Sell the Property

Kim Kwon

John L. Scott Bellingham License #83965 Listed on: 06/12/2015

John L. Scott Bellingham

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 803499

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,011

Year Built

  • Built in 1998

Lot Details

  • 11,679 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 9,090 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3702014442490000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,011

Year Built

Built in 1998

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1998
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 9090
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Slab
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 16

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: city
  • WaterCompany: city

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3702014442490000
  • Lot Size Acres: 0.2681
  • Lot Size Sq Ft: 11679
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: county
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 12300

Tax Info

  • Year: 2015
  • Tax Annual Amount: 13011

Multi Family

  • Number Of Units Total: 11
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2015
Closed on
Dec 23, 2015
Sold by
C&I Family Inc
Bought by
Seller's Agent
Kim Kwon
John L. Scott Bellingham
List Price
$1,700,000
Sold Price
$1,650,000
Premium/Discount to List
-$50,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2009
Sold by
Andrea Ridge Llc
Bought by
C&I Family Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.19%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,650,000 Chicago Title Insurance
C&I Family Inc $1,422,780 Whatcom Land Title Co Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,155,000
Previous Owner C&I Family Inc $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/28/2015 12/28/15 Sold $1,650,000 -2.9% $182 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $1,700,000 -- $187 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $23,938 $2,835,560 $869,000 $1,966,560
2024 $20,689 $2,926,319 $980,320 $1,945,999
2023 $20,689 $2,660,350 $891,220 $1,769,130
2022 $20,524 $2,660,350 $891,220 $1,769,130
2021 $17,926 $2,198,680 $736,560 $1,462,120
2020 $17,182 $1,773,129 $594,000 $1,179,129
2019 $15,245 $1,641,786 $550,000 $1,091,786
2018 $15,633 $1,460,760 $428,109 $1,032,651
2017 $14,058 $1,285,892 $376,860 $909,032
2016 $13,494 $1,207,072 $353,760 $853,312
2015 $13,011 $1,207,072 $353,760 $853,312
2014 -- $1,126,000 $330,000 $796,000
2013 -- $1,126,000 $330,000 $796,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 803499

Northwest Multiple Listing Service (NWMLS)
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