Score
0Bellingham, WA
5603 Northwest Dr
1.0M
4 beds
3 baths
3,150 sqft
4 bd • 3 ba • 3,150 sf
This analysis was generated on 2/8/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,011,500
Price/Sq.Ft
$321
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large Living Space: With 3,150 square feet, the property offers ample living space for families or individuals who desire room to spread out. This is a significant advantage compared to smaller homes in the area.
• Four Bedrooms and Three Bathrooms: The property's four bedrooms and three bathrooms provide flexibility and convenience for larger households or those who desire guest rooms or home office space.
• Location in Bellingham: Bellingham is a desirable place to live, offering a mix of urban amenities and outdoor recreation opportunities. The property's location provides access to these attractions.
• Potential for Rental Income: With a potential rental income of $2,320 for a 4-bedroom property, the property could generate passive income for investors. This can help offset mortgage payments and other ownership costs.
The Bad
• Lack of Property Details: The absence of a property description, room details, and utility information makes it difficult to assess the property's true value and condition. This lack of transparency raises concerns about potential hidden issues.
• Unknown Property Age: The listing does not specify the year the property was built. This makes it difficult to assess the property's condition, potential maintenance needs, and compliance with current building codes. Older homes may require significant upgrades.
• High Price per Square Foot: At $321.11 per square foot, the property is priced higher than some other properties in Bellingham. This could indicate overpricing or reflect unique features not apparent in the listing.
• No Property Features Listed: The absence of listed property features makes it challenging to compare the property to similar listings and assess its competitive advantage. Buyers are left with little information to justify the high price.
The Ugly
• Potential for Hidden Problems: The lack of property details and unknown age raise concerns about potential hidden problems (e.g., structural issues, outdated systems, environmental hazards) that could be expensive to address. This could lead to unexpected costs and headaches for the buyer.
• High Price and Limited Information: The combination of a high price point and limited information in the listing suggests potential overpricing or attempts to conceal negative aspects of the property. Buyers should exercise caution and conduct thorough due diligence.
• Environmental Risks: Bellingham's susceptibility to landslides, flooding, and earthquakes poses potential risks. These risks could lead to property damage, insurance claims, and decreased property value. Buyers should assess these risks carefully and consider mitigation measures.
• High Property Taxes: Property taxes in Washington state are relatively high. This can significantly increase the overall cost of ownership and reduce affordability. Buyers should factor in property taxes when assessing their budget.
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Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Large Home Near Amenities: The property offers 4 bedrooms and 3 bathrooms within 3,150 sqft, potentially accommodating larger households. Its location in Bellingham also provides access to urban amenities.
• Buyers Comfortable with Potential Renovation Projects: Given the unknown age of the property, buyers open to renovations or updates might find this property appealing. This could include modernizing the interior, upgrading systems, or addressing any deferred maintenance.
• Buyers Interested in a Property with Potential for Appreciation: Bellingham's real estate market has shown strong appreciation trends, making this property potentially attractive to those looking for long-term investment opportunities. However, this appreciation is subject to market fluctuations.
• Investors Considering Rental Income: With a potential rental income of $2,320 for a 4-bedroom property (based on 2023 data), investors may see value in renting out the property. The actual rental income will depend on market conditions and property-specific factors.
Not For
• Buyers Seeking a Move-In Ready Home: The lack of information about the property's condition and age suggests potential maintenance or renovation needs. Buyers seeking a property requiring minimal immediate work might find this unsuitable.
• Buyers with Limited Budgets: With a price of $1,011,500 and potential for additional renovation costs, this property may not be ideal for buyers with strict budget constraints. The high price point also translates to higher monthly mortgage payments and property taxes.
• Buyers Averse to Environmental Risks: Given Bellingham's susceptibility to landslides, flooding, and earthquakes, buyers with a low tolerance for environmental risks might want to explore alternative locations or properties with lower risk profiles.
Demographics
Area Median Income
$70,522
Property History
Price History
Ownership Timeline
$575,011Financed
Dec 7, 2018Kristnaraj JayaramaReid O Lambert, Blayne R Lambert
Warranty Deed
Standard Sale (Purchase/Resales)
$555,000Financed
Nov 9, 2016Mark A Clary, Kara M Baijot ClaryKrishnaraj Jayarama
Warranty Deed
Standard Sale (Purchase/Resales)
$404,280Financed
Aug 10, 2007Richard D Van Zandt, Mavis J Van ZandtMark A Clary, Kara M Baijot Clary
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 18, 2003Richard D Vanzandt, Mavis J VanzandtRichard D Vanzandt, Mavis J Vanzandt
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
May 30, 2000Brian R Mizen, Cheryl S MizenRichard D Vanzandt, Mavis J Vanzandt
Warranty Deed
Non-Residential Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• Unknown Property Age: The lack of information about the property's age is a significant risk. Older homes often have hidden problems (e.g., outdated wiring, plumbing issues, asbestos) that can be expensive to address. A thorough inspection is crucial.
• Environmental Hazards: Bellingham's susceptibility to landslides, flooding, and earthquakes poses potential risks. Obtain geological surveys and flood maps to assess the specific risks associated with the property. Consider earthquake insurance.
• High Price and Limited Information: The high price point combined with the lack of detailed information in the listing suggests potential overpricing or hidden issues. Compare the property to similar listings in the area to assess its fair market value.
• Maintenance Costs: With no information on the property's systems (e.g., HVAC, plumbing, electrical), it's difficult to estimate future maintenance costs. Budget for potential repairs and upgrades, especially if the property is older.
• Market Fluctuations: While Bellingham's real estate market has been strong, market conditions can change. Monitor market trends and be prepared for potential fluctuations in property value.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$1,012 monthly
$83 monthly
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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow®$2,320
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,011,500
Price/sqft
$321
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$564,000
79.3%
Your price is 79.3% above average
Median Price
$404,000
150.4%
Based on 6 recent sales
Price per Sq.Ft
$187
71.7%
Your price is 71.7% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5841 Willow Springs Way, Ferndale, WA 98248 | $1,200,000 | 3,495 | 3 | 3 | $3436.9% | 8/22/2024 |
| 5603 Northwest Drive, Bellingham, WA 98226 | $404,000 | 2,600 | 3 | 3 | $15551.6% | 9/6/2024 |
| 5556 Old Settler Drive, Ferndale, WA 98248 | $720,000 | 2,625 | 5 | 3 | $27414.6% | 8/14/2024 |
| 1212 Ginger Place, Bellingham, WA 98226 | $315,000 | 3,000 | N/A | N/A | $10567.3% | 9/5/2024 |
| 1158 W Smith Road, Ferndale, WA 98248 | $395,000 | 3,648 | N/A | N/A | $10866.3% | 9/5/2024 |
| 1277 Loni Lane, Ferndale, WA 98248 | $350,000 | 2,557 | N/A | N/A | $13757.4% | 9/5/2024 |
5841 Willow Springs Way, Ferndale, WA 98248
Price: $1,200,000
Sq.Ft: 3,495
Beds/Baths: 3/3
$/Sq.Ft:
$3436.9%
Sale Date: 8/22/2024
5603 Northwest Drive, Bellingham, WA 98226
Price: $404,000
Sq.Ft: 2,600
Beds/Baths: 3/3
$/Sq.Ft:
$15551.6%
Sale Date: 9/6/2024
5556 Old Settler Drive, Ferndale, WA 98248
Price: $720,000
Sq.Ft: 2,625
Beds/Baths: 5/3
$/Sq.Ft:
$27414.6%
Sale Date: 8/14/2024
1212 Ginger Place, Bellingham, WA 98226
Price: $315,000
Sq.Ft: 3,000
Beds/Baths: N/A/N/A
$/Sq.Ft:
$10567.3%
Sale Date: 9/5/2024
1158 W Smith Road, Ferndale, WA 98248
Price: $395,000
Sq.Ft: 3,648
Beds/Baths: N/A/N/A
$/Sq.Ft:
$10866.3%
Sale Date: 9/5/2024
1277 Loni Lane, Ferndale, WA 98248
Price: $350,000
Sq.Ft: 2,557
Beds/Baths: N/A/N/A
$/Sq.Ft:
$13757.4%
Sale Date: 9/5/2024
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