tomo logo

$400,000

Beds
1
Baths
1.0
sq ft
644

3111 Newmarket St Unit 507, Bellingham, WA 98226

3111 Newmarket St Unit 507

Bellingham, WA 98226

  • 40 days on market
Welcome home to your immaculate TOP FLOOR, contemporary, 1 bed unit in Barkley Village W/ THE BEST PARKING SPOT! Boasting 10 ft ceilings, large, bright windows & comfortable open feel, it's an easy choice to live at The Drake Condos! Extremely secure, the unit is perfect as a primary, 2nd home, or investment. Enjoy the gourmet kitchen w/ gas stove, stainless refrigerator, granite counters, solid floors + lots of cabinets & counter space. Primary bedroom with dbl closet, full tiled bathroom & stacked washer/dryer. Assigned parking, pets w/ restriction, & a private locked storage unit! Live the urban dream & enjoy an HOA that pays w/s/g. Hit the trail system, good eats, theater, bars, grocery + more only steps away from this incredible unit!

Details

Property type

Condominium

Est. home value

$362,554

Lot size

Unknown

Price per sq ft

$622

Year built

2007

Annual property taxes

$2,780

Monthly HOA fee

$372

Price History

08/07/2024
NorthwestMLS

NorthwestMLS #2275008

Listed
$400,000
+14.29%
11/23/2021
NorthwestMLS

NorthwestMLS #1854208

Sold
$350,000
+11.11%
02/16/2021
NorthwestMLS

NorthwestMLS #1716646

Sold
$315,000
+80%

Schools & Community

Neighborhood: 

Mt. Baker

Elementary school: 

Northern Heights Ele

Middle school: 

Shuksan Mid

High school: 

Squalicum High

School district: 

Bellingham

Number of units in community: 

36

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$105,353
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$262,647
Cash to seller
$105,353

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Peoples Bank

Loan start date

November 2021

Original loan amount

$280,000

Est. remaining balance

$262,647

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Nikolaus John Vinish and Bessy Lariza Vinish

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/16/2024 at 12:10 PM

Listing updated: 09/01/2024 at 2:14 PM

Listed by: Alana Mey, COMPASS Phone #: (360) 233-5033

MLS: NorthwestMLS #2275008

NorthwestMLS logo

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