Address
2009 - 2047 Salam Loop, Ferndale, WA
Price
$ 4,650,000
Property Attributes
- ID#2145664
- TypeSingle Family
- CountyWHATCOM
- CityFerndale
- AreaFerndale-Custer
- NeighborhoodFerndale
- Zip98248
- StyleTownhouse
- Year Built2022
- Taxes$ 8340
- Price$ 4,650,000
- Bedrooms18
- Full Bathrooms9
- Half Bathrooms9
- Sqr Footage12000
- Lot Size0.39 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Incredible turn-key investment opportunity on the edge of downtown Ferndale! 12 brand new construction zero lot line townhomes (3, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car, plus workshop/storage in back. Highly efficient units features heat pumps w/AC. Private washer/dryers. Leases are signed & property management company is available to manage everything.Building improvements have 8-year tax exemption, so very low expenses. This is new construction with over a 6% cap rate! Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access.
| High School |
|---|
| Ferndale High |
| Price History | |
|---|---|
| 8/2/2023 | Listed $4,800,000 |
| 10/20/2023 | 4% - $4,650,000 |
General Features
| Appliances | Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer |
|---|---|
| Attached Garage | Yes |
| Building Area Units | Square Feet |
| Carport Y/N | No |
| City | Ferndale |
| County | Whatcom |
| Directions | East on Main Street in Ferndale, turn right (north) in front of Ace Hardware, then left on Salam Loop. Show 2015 Salam Loop. |
| Entry Location | Main |
| Exterior Features | Cement Planked |
| Garage Spaces | 12 |
| Garage Y/N | Yes |
| High School | Ferndale High |
| High School District | Ferndale |
| Interior Features | Wall to Wall Carpet, Double Pane/Storm Window, Water Heater |
| Land Lease Y/N | No |
| Levels | Multi/Split |
| Listing Terms | Cash Out, Conventional, FHA, See Remarks, State Bond, USDA Loan, VA Loan |
| Lot Size Square Feet | 16989 |
| MLS Area | 870 - Ferndale/Custer |
| New Construction | Yes |
| Possession | Tenant's Rights |
| Property Condition | Under Construction |
| Property Style | 32 - Townhouse |
| Property SubType | Residential |
| Property Type | Residential |
| Public Remarks | Incredible turn-key investment opportunity on the edge of downtown Ferndale! 12 brand new construction zero lot line townhomes (3, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. S |
| Roof | Composition |
| Senior Community Y/N | No |
| Sewer | Sewer Connected |
| Special Listing Conditions | None |
| Standard Status | Active |
| Status | Active |
| Street Name | Salam |
| Structure Type | Townhouse |
| Subdivision Name | Ferndale |
| Tax Annual Amount | 8340 |
| Tax Year | 2023 |
| Topography | Level |
| View | City, Territorial |
| View Y/N | Yes |
| Water Company | City of Ferndale |
| Waterfront Y/N | No |
| Year Built | 2022 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Basement | None |
| Bathrooms | 13.5 |
| Baths Full Upper | 9 |
| Baths Half Upper | 9 |
| Bedrooms Possible | 18 |
| Bedrooms Upper | 18 |
| Fireplace Y/N | No |
| Flooring | Vinyl Plank, Carpet |
| Full Baths | 9 |
| Half Baths | 9 |
| Heating Y/N | Yes |
| Living Area Units | Square Feet |
| Power Production Type | Electric |
| Street Suffix | Loop |
| Total Baths | 18 |
| Total Bedrooms | 18 |
| Water Heater Location | Half Bath |
| Water Heater Type | Electric |
Exterior Features
| Living Area | 12000 |
|---|---|
| Building Area Total | 12000 |
| Covered Spaces | 12 |
| Foundation Details | Poured Concrete |
| Inclusions | Dishwasher, Dryer, GarbageDisposal, Microwave, Refrigerator, StoveRange, Washer |
| Irrigation Water Rights Y/N | No |
| Lot Features | Dead End Street, Paved |
| Lot Size Acres | 0.39 |
| Lot Size Units | Square Feet |
| Open Parking Y/N | No |
| Parking Features | Attached Garage, Off Street |
| Site Features | Cable TV, Deck, High Speed Internet |
| Total Parking | 12 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98248
Price
Taxes
Visits
Year Built
In The Neighborhood
Ferndale
$ 495,000
- Type
- Single Family
- Size
- 1,287 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: HomeSmart One Realty
Ferndale
$ 615,000
- Type
- Single Family
- Size
- 1,008 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: HomeSmart One Realty
Ferndale
$ 484,900
- Type
- Single Family
- Size
- 2,380 SqFt
- Rooms
- 0 Beds + 1 Baths
Listed by: Epique Realty
Ferndale
$ 650,000
- Type
- Single Family
- Size
- 2,181 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: RE/MAX Whatcom County, Inc.
Ferndale
$ 799,000
- Type
- Single Family
- Size
- 2,326 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: Windermere Real Estate Whatcom
Ferndale
$ 635,000
- Type
- Single Family
- Size
- 2,135 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: eXp Realty
Ferndale
$ 649,000
- Type
- Single Family
- Size
- 2,391 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: John L. Scott Anacortes
Ferndale
$ 648,000
- Type
- Single Family
- Size
- 1,700 SqFt
- Rooms
- 3 Beds + 3 Baths
Listed by: Windermere Real Estate Whatcom
Ferndale
$ 549,000
- Type
- Single Family
- Size
- 1,846 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: John L. Scott Bellingham
Ferndale
$ 659,000
- Type
- Single Family
- Size
- 1,655 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Windermere RE Skagit Valley
