NOT LISTED FOR SALE

Estimated Value: $1,216,000 - $1,336,000

7 Beds
5 Baths
3,076 Sq Ft
$413/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $1,230,000 $400 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,667/month

4 Days on Market

Highlights

  • Deck
  • Territorial View
  • Forced Air Heating and Cooling System
  • Fairhaven Middle School Rated A-
  • No HOA
  • High Speed Internet

About This Home

As of December 2024

This is a gem of an investment property right in the heart of Fairhaven in the Urban Village! Live in the main 3 bed house and get a great interest rate, and then rent the two upper 2 bedroom units. All the character is intact with crown molding, white shaker cabinets, built-ins and each room is very generously sized. The upper 2 units have access from an exterior stairway off the back side of the triplex. There is a basement that has a work shop and storage units, along with coin-op washer and dryer (for the upper units, but they are W/D ready, too) and a 3/4 bath that is about .75% done, and additional units could be added down there. Electrical, plumbing, furnaces and hot water were updated in 2000 or sooner.

Last Listed By

Lynda Hinton

Windermere Real Estate Whatcom License #24074 Listed on: 11/18/2024

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2311443

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,955

Year Built

  • Built in 1916

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,076 Sq Ft Home
  • 3-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Fairhaven Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3702010150160000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,955

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1916
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3076
  • Special Features: None
  • Cumulative Days on Market: 99

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Insert, Other – See Remarks
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 2703

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3702010150160000
  • Lot Size Acres: 0.11
  • Lot Size: 50 x 100
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4300

Multi Family

  • Gross Scheduled Income: 69600
  • Net Operating Income: 57975
  • Number Of Units Total: 3
  • Insurance Expense: 1967
  • Leasable Area: 3076
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6955

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Dec 19, 2024
Sold by
Spalding Neil T
Bought by
Hamilton Gabriel Keith and Dunn Ali Louise
Seller's Agent
Lynda Hinton
Windermere Real Estate Whatcom
Buyer's Agent
Ashleigh Abhold
Hansen Group Real Estate Inc
List Price
$1,250,000
Sold Price
$1,230,000
Premium/Discount to List
-$20,000
-1.6%
Total Days on Market
4
Views
12
Current Estimated Value
$1,269,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,900
Avg. Annual Appreciation
9.55%
Original Mortgage
$861,000
Outstanding Balance
$858,781
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$411,119

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
Hamilton Gabriel Keith $1,230,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Gabriel Keith $861,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,230,000 -1.6% $400 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/18/2024 11/18/24 For Sale $1,250,000 -- $406 / 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 $6,955 $863,092 $456,138 $406,954
2023 $6,955 $893,950 $472,446 $421,504
2022 $5,727 $760,813 $402,084 $358,729
2021 $5,441 $613,575 $324,270 $289,305
2020 $5,347 $538,219 $284,445 $253,774
2019 $4,919 $510,887 $270,000 $240,887
2018 $5,087 $471,371 $176,313 $295,058
2017 $4,488 $418,407 $156,500 $261,907
2016 $4,086 $385,317 $144,000 $241,317
2015 $4,022 $365,463 $136,500 $228,963
2014 -- $348,050 $130,000 $218,050
2013 -- $330,902 $125,000 $205,902
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2311443

Northwest Multiple Listing Service (NWMLS)

APN: 370201-015016-0000