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508 State St

Bellingham, WA 98225

2 bd 2 ba 3,428 sqft Built 2009 condos
Most recent sale
$2,650,000
Jun 30, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 30, 2022 Sold $2,650,000 MLS #1930476
May 11, 2022 Listed $2,800,000 MLS #1930476
Sep 10, 2021 Sold $2,000,000 MLS #1838816
Sep 16, 2010 Sold $1,300,000 Public Record
Jul 3, 2010 Listing removed $1,300,000 NWMLS
Jun 7, 2010 Relisted $1,300,000 MLS #654
Jun 5, 2010 Listing removed $1,300,000 NWMLS
May 31, 2010 Relisted $1,300,000 MLS #654
May 28, 2010 Listing removed $1,300,000 NWMLS
May 27, 2010 Relisted $1,300,000 MLS #654
May 11, 2010 Listing removed $1,300,000 NWMLS
Jan 2, 2010 Listed $1,300,000 MLS #654
Aug 29, 2009 Listing removed $895,000 NWMLS
Mar 24, 2008 Listed $895,000 MLS #28050746
Apr 30, 1997 Sold $389,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $2,228,200 $250,000 $2,478,200 $20,569
2025 $2,228,200 $250,000 $2,478,200 $15,681
2024 $1,451,158 $465,658 $1,916,816 $14,908
2023 $1,261,847 $404,910 $1,666,757 $14,126
2022 $1,069,365 $343,145 $1,412,510 $13,185
2021 $929,845 $298,375 $1,228,220 $12,417
2020 $929,845 $298,375 $1,228,220 $11,847
2019 $857,000 $275,000 $1,132,000 $11,045
2018 $798,240 $260,040 $1,058,280 $11,600
2017 $719,700 $234,400 $954,100 $10,623
2016 $683,700 $228,400 $912,100 $9,818
2015 $658,800 $219,400 $878,200 $9,244
2014 $600,000 $200,000 $800,000 $9,400
2013 $600,000 $200,000 $800,000 $8,216
2012 $547,280 $206,000 $753,280 $6,903
2011 $498,397 $187,600 $685,997 $6,565
2010 $488,833 $184,000 $672,833 $6,729
2009 $553,040 $200,000 $753,040 $6,789

Property facts

Year built
2009
Property type
condos
Stories
Beds
2
Baths
2
Living area
3,428 sqft
Lot size
ZIP code
98225
City
Bellingham
Street
State St
Coordinates
48.72946, -122.50323

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$15,900
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 508 State St last sell?
508 State St most recently sold on Jun 30, 2022 for $2,650,000.
What is the current tax assessment for 508 State St?
The most recent total assessment for 508 State St (year 2026) is $2,478,200 with $20,569 in property tax.
How does 508 State St's assessment compare to its last sale price?
The current assessment is 6.5% below the last sale price of $2,650,000.
When was 508 State St built?
508 State St was built in 2009.
How does 508 State St compare to others on State St?
We track 8 other properties on State St. Browse the list under "Other properties on State St" to compare beds, baths, and sale history.
What are the property facts for 508 State St?
508 State St is a 2 bed, 2 bath, 3,428 sqft condos.
Is 508 State St a flip candidate?
Yes — 508 State St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 508 State St a tax-appeal candidate?
No — 508 State St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.5%
Implied 1-yr
+13.8%
2026 Q3
$1.11M
2026 Q4
$1.14M
ZIP 98225 — Median Price History + Forecast

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