3480 Toad Lake Rd Bellingham WA 98226 For Sale

  • $94997
  • 2 beds
  • 1 baths
  • 741 sqft

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Price: $94,997
Tax appraised value: $115,224
Bedrooms: 2
Bathrooms: 1
Square feet: 741
Year built: 1981
Lost size: 5,667 sqft
New Construction Estimate: $250,000
Sales Price: $580,000
Profit Potential $130,000 to $190,000
Closing date October 11, 2019
Property is in Silver Beach neighborhood, just two blocks away from Lake Whatcom with peek-a-boo lake views.
Best use is tear down for new construction. Current home is a cabin with 1 bedroom, 1 bath, 741 sq ft., lot size 5,667 sqft and was built in 1981. However, it is possible to live in the cabin if someone wanted to.
The lot is relatively flat (5ft of elevation change) as you can see on the topographic map.
The property has a well, the property does not have a septic system.
There are tenants living in the cottage, please do not disturb them. I will schedule an inspection period when you can see inside the cottage.
If this price doesn’t work for you, give me a price that does.
Comparables
LAND
  • 0.53 acres
  • SOLD: $120,000 Sold on 12/31/18
  • 5,662 sqft
  • SOLD: $142,000 Sold on 03/04/19
  •  0.28 acres
  • SOLD: $169,000, Sold on 09/05/18
NEW CONSTRUCTION
  •  3 beds 3 baths 2,298 sqft
  • SOLD: $592,500, Sold on 08/31/17
  • Built 2017, Lot 5,993 sqft
  • Condition 5
  •  3 beds 2.5 baths 2,200 sqft
  • SOLD: $650,000, Sold on 07/19/18
  • Built 2018, Lot 9,147 sqft
  • Condition 5
  •  2 beds 2.25 baths 1,076 sqft
  • SOLD: $519,000, Sold on 01/09/19
  • Built 2018, Lot 9,073 sqft
  • Condition 5

 

 

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/ SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action. (If you need more information on what is an assignment of contract, click here.)

If you are interested in the assignment, please reply directly to this email address.

Gabriela Jarquin
206-792-7540
Price:
$94997
Address:
3480 Toad Lake Rd
Bellingham, WA 98226
Square Feet:
741
Lot Size:
5667
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Land
Year Built:
1981
Const. Type:
cottage

Call 206-739-2402 for more details

Property Location