Sold
Last Sold Price
21,589 sqft
194 E Bakerview Rd, Bellingham, WA 98226
Multi FamilyProperty Type
1.07 acresLot Size
2017Year Built
$264/sq ftPrice per sq ft
52 carsParking Spaces

Description

True 5.76% Cap – New construction completed in late 2017 with 100% occupancy - 47 unit MF building on E Bakerview. The building has 40 studio apartments and 7 ground floor micro office suites with 52 parking spaces. Each studio unit features a HVAC, W/D, dishwasher, & 30 gal hot water tank. The timing is right on this new Bellingham apartment building.True 5.76% Cap – New construction completed in late 2017 with 100% occupancy - 47 unit MF building on E Bakerview. The building has 40 studio apartments and 7 ground floor micro office suites with 52 parking spaces. Each studio unit features a HVAC, W/D, dishwasher, & 30 gal hot water tank. The timing is right on this new Bellingham apartment building.
  • Listed by: KC Coonc 360.671.5000 KC@PCRnw.com • Windermere Real Estate Whatcom
  • Listed by: Ryan A. Martin 360.671.5000 Ryan@northsoundcommercial.com • Windermere Real Estate Whatcom
Listing closed: 04/05/2019 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1396901

Recent comparable sales

Median sold price

$775,000

Avg days on market

29

Sale-to-list ratio

91.5%

Bellingham, WA

9 comparable properties found

a front view of a house with a yard
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1

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Unavailable
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Square Feet
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Acres
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$385,000 | 2333 Yew Street, Bellingham, WA 98229
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Acres
$385,000 | 2325 Yew Street, Unit B, Bellingham, WA 98229
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Location

Listing Courtesy of Windermere Real Estate Whatcom

Sold By Windermere Real Estate Whatcom

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Property Taxes

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Property Information for 194 East Bakerview Road

Property Details
  • Taxes: $49,000 / year
  • MLS Type: Residential Income
  • Community Name: Bellingham
  • School District: Bellingham
  • View: City, Partial, Territorial
  • Number of Assigned Spaces: 52
  • Total Covered Parking: 0
  • Entry Date: 01-02-2019
  • Sewer: Sewer Connected
Building Information
  • Stories: 3
  • Residences: 47
  • Year Built: 2017
  • Lot Size: 1.07 AC / 46,609 SF
Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck
  • Area: 860 - Bellingham
  • Effective Year Built Source: See Remarks
  • Directions: I-5 Exit 256 (Meridian), go north on Meridian to E Bakerview Rd, Right on E Bakerview Rd and property is located on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2018
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 52.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Forced Air, Central A/C, Wall to Wall Carpet, Laminate Hardwood
  • New Construction: Completed
  • Amenities: Fire Sprinklers,Thermal Windows
  • Cooling: Yes
  • Fireplace: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10615
  • Power Company: PSE
  • Sewer Company: City of Bellingham
  • Water Company: City of Bellingham
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: Yes
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete, Slab
  • Zoning Class: Business,Commercial,Multi-Family,Office,Retail
  • First Right Of Refusal: false
  • Possible Use: Business, Commercial, Multi-Family, Office, Retail
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 2017
  • Photos Count: 21
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Dimensions: 166x281x165x282
  • Lot Size Source: Realist
  • Parcel Number Free Text: 3803070640180000
  • Building Condition: Very Good
  • Calculated Square Footage: 21589
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 21589.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 52
  • Number of Stories in Building: 3
  • Vacancy Rate: 2
  • Number Of Units Total: 47
  • Units Below Grade: false
  • Units In Building Total: 47
Financing / Income and Expenses
  • Electric Expense: $18,461
  • Total Expenses: 127613
  • Gross Adjusted Income: 467519
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $477,060
  • Insurance Expense: $5,577
  • Net Operating Income: $339,906
  • Other Expenses: $43,960
  • Total Monthly Income: 37399
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 15826.0
  • Leasable Area Units: Square Feet

Property History for 194 East Bakerview Road

DateEvent & SourcePriceAppreciation
Apr 5, 2019

Sold

NWMLS #1396901

$5,700,000
Apr 3, 2019

Sold (Public Record)

Public Record #642376281

$5,700,000

+67.7% / yr

Mar 6, 2019

Pending

NWMLS #1396901

DateEvent & SourcePrice
04/05/2019

Sold

NWMLS #1396901

$5,700,000
04/03/2019

Sold (Public Record)

Public Record #642376281

$5,700,000

+67.7% / yr

03/06/2019

Pending

NWMLS #1396901

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 194 East Bakerview Road

Taxable ValueLand$1,537,605Additions$5,143,704Total$6,681,309
Tax Record2025$54,282 ($4,524 / month)
Home Facts
Total Finished SqFt21,691 SqFtAbove Ground SqFt21,691 SqFtLot Size46,609 SqFtStyleMiscellaneous CommercialYear Built2018Year Renovated2018ZoningPCLICountyWHATCOMAPN380307-064018-0000

Schools near 194 East Bakerview Road

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Cordata Elementary School
PublicPK to 5

Shuksan Middle School
Public6 to 8

Squalicum High School
Public9 to 12

Visions (Seamar Youth Center)
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 194 East Bakerview Road, Bellingham, WA 98226
$5,700,000
21,589
46,609
$488,000
46,773
$1,150,000
9,940
$2,000,000
15,300
32,234

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate Whatcom

Based on information submitted to the MLS GRID as of 09/05/2024 05:38 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.