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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Residential income homes
601 Gdn St, Bellingham, WA 98225-5404
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0135276
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1912
Total area
2,114 SF
Lot
0.16 ac (6,970 SF)
Zoning code
RM1.5
APN
380331 010346 0000
UPID
US90-0135276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Garden Street LLC · 3 yrs held
Garden Street LLC
since 2023
Last sale
$935,056
7 recorded transactions
Zoning & alternative use
RM1.5 · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellingham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,050,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $935k (May 1 2023)
Last sale anchor
$935k
May 1 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$435 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$7,773
Tax year 2021
Assessed value
$1,091,770
Assessed 2022
Previous assessed
$1,091,770
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$566,784
Assessed improvement
$524,986
Land market value
$566,784
Improvement market value
$524,986
Total market value
$1,091,770
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Stories
2
Bathrooms
4
Total area
2,114 SF
Lot
0.16 ac (6,970 SF)
Zoning code
RM1.5
APN
380331 010346 0000
UPID
US90-0135276
Jurisdiction
WHATCOM
Zoning & alternative use
RM1.5 · Bellingham, WA
Zoning RM1.5 · permitted uses
RM1.5 · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Heating
FORCED AIR
Stories
2
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Garden Street LLC
Entity
Mailing address
4519 WALL ST, BELLINGHAM, WA 98229-5102
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
Garden Street LLC
Eric Freedman
Quit Claim Deed
related
—
Apr 15, 2021
—
Eric Wayne Freedman
Garden Street LLC
Quit Claim Deed
related
$702,000 · Crosscountry Mortgage LLC
Nov 8, 2019
—
Garden Street LLC
Eric Freedman
Quit Claim Deed
related
—
Oct 24, 2019
—
Eric Freedman
Jea Freedman
Quit Claim Deed
related
$748,000 · Whatcom Educational Cu
Oct 24, 2019
$935,056
Eric Freedman
Darladoo LLC
Warranty Deed
$748,000 · Whatcom Educational Cu
Dec 28, 2018
—
Darladoo LLC
Weber,donald R
Quit Claim Deed
related
—
Sep 23, 1999
—
Donald R Weber
Lentz,roy A
Quit Claim Deed
related
—
Jun 15, 1999
$260,000
Lentz,roy A
S & I Group LLP
Trustees Deed
—
Jan 21, 1997
$208,000
S & I Group LLP
Lewenz,morgan
Grant Deed
$155,000 · Whatcom State Bank
—
—
Roy A Lentz
—
Deed Of Trust
related
$260,000 · Individual
—
—
Kathleen M Kennedy
—
Deed Of Trust
related
$255,000 · Countrywide Home Loans INC
—
—
Donald R Weber
—
Deed Of Trust
related
$52,000 · S & I Group LLP
—
—
Donald R Weber
—
Deed Of Trust
related
$208,000 · Cascade Bank
—
—
Kathleen M Kennedy
—
Deed Of Trust
related
$255,790 · Countrywide Home Loans INC
—
—
Kathleen M Weber
—
Deed Of Trust
related
$240,000 · 360 Mortgage Group LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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