Last Sold Price
9,180 sqft$343/sqft
4071 Home Rd, Bellingham, WA 98226

Description

True 6.3% Cap – Echo Flats West was built in 1981 but received a major renovation converting the property into a 30 unit apartment building with 16 ground floor studios, 12 loft one bedrooms, and 2 huge two bedroom units w/ loft with 36 parking spaces plus cell tower lease. Centrally located near Starbucks, Fred Meyer, the new Costco with more commercial development to come. Great looking property with zero vacancy.True 6.3% Cap – Echo Flats West was built in 1981 but received a major renovation converting the property into a 30 unit apartment building with 16 ground floor studios, 12 loft one bedrooms, and 2 huge two bedroom units w/ loft with 36 parking spaces plus cell tower lease. Centrally located near Starbucks, Fred Meyer, the new Costco with more commercial development to come. Great looking property with zero vacancy.
LISTING CLOSED: 07/30/2019 12:00 AM

  1. Listed by KC Coonc • Windermere Real Estate Whatcom
    P: 365-360-671-5000 KC@PCRnw.com
  2. Listed by Ryan A. Martin • Windermere Real Estate Whatcom
    P: 40-360-671-5000 Ryan@northsoundcommercial.com

Property Details for 4071 Home Road

Status
MLS #
1397398
Days on Market
133
Cumulative Days on Market
121
Taxes
$10,136 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1981
Lot Size
0.71 AC / 30,928 SF
Community Name
Bellingham
School District
Bellingham
View
Territorial
Number of Assigned Spaces
34
Total Covered Parking
0
Entry Date
01-03-2019
Sewer
Sewer Connected

Location

Listing Courtesy of Windermere Real Estate Whatcom

Sold By The Foundation Group LLC

Add your commute

Building Information for 4071 Home Road

Stories2Residences30Year Built1981Building Size-Lot Size0.71 AC / 30,928 SF

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$16,011

Property Taxes

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HOA Dues

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Property Information for 4071 Home Road

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV
  • Area: 860 - Bellingham
  • Directions: I-5 exit 257 onto Northwest, left on Home Lane, right on Home Road. Property on your 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: 34.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Hardwood, Vinyl
  • Features: Central A/C, Ductless HP-Mini Split, Hardwood
  • Amenities: Fire Sprinklers,Thermal Windows
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10006
  • Power Company: PSE
  • Sewer Company: COB
  • Water Company: COB
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Commercial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 11
Lot Information
  • Lot Details: Curbs, Dead End Street, Paved, Sidewalk
  • Lot Size Dimensions: 103x304x103x304
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 3802145164800000
  • Building Condition: Remodeled
  • Calculated Square Footage: 9180
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9180.0
  • 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: 34
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 30
  • Units Below Grade: false
  • Units In Building Total: 30
Financing / Income and Expenses
  • Electric Expense: $8,420
  • Total Expenses: 70469
  • Gross Adjusted Income: 276815
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $268,500
  • Insurance Expense: $7,025
  • Net Operating Income: $206,346
  • Other Expenses: $34,882
  • Total Monthly Income: 276815
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9180.0
  • Leasable Area Units: Square Feet

Property History for 4071 Home Road

DateEvent & SourcePriceAppreciation
Jul 30, 2019

Sold

NWMLS #1397398

$3,150,000
Jul 25, 2019

Sold (Public Record)

Public Record #649565072

$3,150,000

+12.3% / yr

May 17, 2019

Pending

NWMLS #1397398

DateEvent & SourcePrice
07/30/2019

Sold

NWMLS #1397398

$3,150,000
07/25/2019

Sold (Public Record)

Public Record #649565072

$3,150,000

+12.3% / yr

05/17/2019

Pending

NWMLS #1397398

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

Public Records for 4071 Home Road

Taxable ValueLand$1,374,030Additions$2,482,063Total$3,856,093
Tax Record2025$31,215 ($2,601 / month)
Home Facts
Total Finished SqFt7,680 SqFtAbove Ground SqFt7,680 SqFtLot Size30,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1981Year Renovated2008ZoningPICCountyWHATCOMAPN380214-516480-0000

Schools near 4071 Home 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 - 9 to 12
Rating
School
Distance
Cordata Elementary School
PublicPK to 5

Shuksan Middle School
Public6 to 8

Squalicum High School
Public9 to 12

Bellingham Re-Engagement Program
Public9 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: 4071 Home Road, Bellingham, WA 98226
$3,150,000
9,180
30,928
2
1,740
52,272
$1,650,000
57,900
14,000

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 05:39 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.