James & Angie Smith

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Listing provided courtesy of RJR Real Estate Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2256754MLS Provider

7687 Francis Lane #1-4Blaine, WA 98230

Multi-Family · 7 Beds · 2,004 Sq. ft. | 0.14 Acres
$1,000,000 Active

7687 Francis Lane #1-4 Overview

Visits:
6

MAJOR PRICE REDUCTION. MOTIVATED SELLER HAS REDUCED THE PRICE AGAIN. Birch Bay living year round. Updated 4-plex located one block off Birch Bay Drive. Three 2 bedroom units and 1 one bedroom unit. All units were remodeled in 2021. Parking lot resurfaced in 2024. Laundry room on site equipped with stack washer/dryer. VA Loan 2.75% interest rate can be assumed by a non-veteran. Balance owing is $484,000. RESORT COMMERCIAL ZONING ALLOWS NO SET BACKS AND NO HEIGHT RESTRICTIONS. ADDITIONAL UNITS CAN BE ADDED WITH GREAT VIEW OF BIRCH BAY. PROPERTY WAS RECENTLY SURVEYED.

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7687 Francis Lane #1-4 Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,004
  • Price/Sq.ft. $499
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Blaine
  • Elementary School: Blaine Elem
  • Middle Or Junior School: Blaine Mid
  • High School: Blaine High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 67200
  • Insurance Expense: 2775
  • Net Operating Income: 56038
  • Total Expenses: 11162
  • Total Monthly Income: 5600
  • Water/Sewer/Garbage: 1860

Building Information

  • Building Name: Frances Lane Gateway Condo
  • New Construction: No
  • Year Built: 1952

Location/Region

  • Country: US
  • County Or Parish: Whatcom
  • MLS Area Major: 880 - Blaine/Birch Bay
  • Subdivision Name: Birch Bay

Tax Information

  • Tax Annual Amount: $6,527.00
  • Tax Year: 2025

General Information

  • Listing Terms: Assumable, Conventional, VA Loan
  • Parcel Number: 400131121546
  • Possible Use: Commercial,See Remarks
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2004
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2004
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2004
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 2

Unit Information

  • Unit Number: 1-4

Exterior

Parking Information

  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Uncovered Spaces: 5

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.14
  • Lot Size Dimensions: 65 x 106
  • Lot Size Square Feet: 6098
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings
  • Elevation Units: Feet
  • Water Source: Community

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1200
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1400
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1500
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1500
  • Beds Total: 2
  • Baths Total: 1

7687 Francis Lane #1-4 Neighborhood

Community

98230 (Blaine) Demographics

46
Median Age
371
Population Density (per sq. mile)
40%
College Educated
$69,060
Estimated Median Income
5,628
Estimated Total Home Owners
1,878
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7687 Francis Lane #1-4 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7687 Francis Lane #1-4 Market Data

Based on the last 30 days in this zip code

$727,721
Average List Price
$365
Average Price per Square Foot
42
Properties Sold
84
Average Days on Market
317
Properties for Sale
Calculations provided by Reliance Network

7687 Francis Lane #1-4 History

Date Event Value Agent
8/5/2025Source: NWMLS Price Reduction
$1,000,000 -9.1%
4/4/2025Source: NWMLS Price Reduction
$1,100,000 -4.3%
1/30/2025Source: NWMLS Price Reduction
$1,150,000 -8.0%
6/25/2024Source: NWMLS Added to Database
June 25, 2024