2074 Cottage Place

$545,000

● House - Sold

2074 Cottage Place

Ferndale, WA 98248

3 Beds

1 Bath

1,172 Ft²

About This Property

Welcome to this updated 3-bed, 2-bath home, just shy of 1,200 sq. ft., offering a fully remodeled 320 sq. ft. ADU with 1 bed, 1 bath home. Perfect for guests, rental income, or extended living, the ADU has been meticulously renovated down to the studs with high-quality finishes and contemporary design. With multifamily zoning, this property offers an incredible opportunity to expand with an additional 2-5 units. For those considering rental income, the projected rent is approximately $2,400/month for the main house and $1,200/month for the ADU, resulting in a competitive 5.85% cap rate if fully rented. Whether you're looking for a move-in-ready home with income potential or an investment property with room to grow, this is the one!

Unit Size

1,172 Ft²

Days on Market

156 days

Cumulative Days On Market

590 days

Land Size

0.18 acres

Price per sqft

$491

Property Type

House

Property Taxes

$235

HOA Dues

Year Built

1951

Payment Calculator (Computations Provided by RealtyHop)

Cap Rate Calculator

Last updated: 2 years ago (NWMLS #NWM2319992)

Price History

Date / Event	Date	Event
Jun 13, 2025	Sold	Premium
Sold

May 20, 2025	In contract	-
In contract

May 2, 2025	Relisted	$575,000
Relisted

Apr 1, 2025	In contract	-
In contract

Feb 5, 2025	Price Decreased	$575,000 ↓ $15K (2.5%)
Price Decreased

Jan 8, 2025	Listed by Keller Williams Western Realty	$590,000
Listed by Keller Williams Western Realty

Feb 26, 2024	Sold	Premium
Sold

Jan 28, 2024	In contract	-
In contract

Jan 23, 2024	Relisted	$414,995
Relisted

Jan 17, 2024	In contract	-
In contract

Jan 6, 2024	Relisted	$414,995
Relisted

Nov 16, 2023	Listed by Coldwell Banker Bain	$414,995
Listed by Coldwell Banker Bain

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1951

Effective Year Built: 1973
Building Count: 1
Bedroom Count: 3
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Bathroom Plumbing Fixtures: 5
Building Condition: 6
Building Quality: 0
Construction Type: 0
Building Style: 28
Exterior Walls Type: 23
Interior Walls Type: 13
Roof Shape Type: 0
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 4
Garage Square Area: 320
Parking Space Count: 1
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 7,841

Total Building Area: 1,172
Gross Building Area: 1,172
Building Area: 1,172
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 4
Heated Square Feet: 1,172
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000180
Standard Land Use Code: 1001
County Land Use Code: 1113
Legal Description 1: BEG 1340.3 FT S OF 1/4 COR BTWN SECS 19-20-TH E 258 FT TO TPOB-TH E 122.5 FT-TH S 113.6 FT-TH W 122.5 FT-TH N 113.2 FT TO TPOB-EXC W 52.5 FT THEREOF

Neighborhood

School District Name: Ferndale School District

Census Tract: 010506

Zoning

Zoning: RM1.5

Geography

Account Number: 95192

District: FERNDALE 502
Section: 19-20
Parcel: 390220-033123-0000
Meridian: SEC 20 TWN 39 RNG 02
Municipality: FERNDALE 502 C6 L
Latitude: 48.8517
Longitude: -122.594

Address

Full Address: 2074 Cottage Pl

Address - House Number: 2074
Address - Street Name: Cottage
Address - Suffix Type: Pl
State: WA
City Name: Ferndale
Carrier Code: R012
4-Digit Zip Code: 9114
Zip Code: 98248

Valuation

Tax

Tax Year: 2023

Tax Amount: $237,043
Tax Rate Code Area: 0200

Appraisal Valuation

Standard Deviation: 0.08

Valuation Date: Feb 28, 2024
Confidence Score: 94
Final Value: 417,817
High Value: 451,255
Low Value: 384,379

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $405,327

Market Land Value: $200,000
Market Improvement Value: $205,327

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $405,327
Assessed Land Value: $200,000
Assessed Improvements Value: $205,327

Sales

Current Sale Contract Date: Feb 20, 2024

Current Sale Recording Date: Feb 26, 2024
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 1511

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Ferndale

Stats & Trends

Median Asking:

$615,000

Sale Price/ft²

$342

Below Asking

0.02%

Average Days on Market

Average Home Size

2317 ft²

Average Home Age

31.5 years

Currently For Sale

61 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.

Last Updated: 2025-06-17 17:32:40
Last Checked: 3 hours ago
Data Source: NWMLS, MLS# NWM2319992

Details provided by NWMLS as Distributed by MLS Grid and may not match the public record.
Based on information submitted to the MLS GRID as of Jun 17 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS Grid.