705 N State Street 301, Bellingham, WA

About 705 N State Street 301

INCREDIBLE VALUE! A move-in ready two-bedroom, two bath condo in a great location at a terrific price. This Boulevard Brownstone condo sits at the start of the coastal trail heading south to Fairhaven and walking distance to all that downtown Bellingham has to offer. The freshly painted interior features new carpet, blinds, & comfortable layout with bay views and plenty of sunshine from the living room, dining room & main bedroom. The exterior of the 16-unit complex is like new with a recently completely, fully paid for, $3 million restoration. The comprehensive restoration included new siding, trim, windows and doors, decks, stairs and railings, fresh paint and all wear & tear damage repaired and replaced. This one level, third floor unit has a dedicated covered parking space, close proximity to the elevator and a private deck to enjoy stunning sunsets across the bay. Don’t let the HOA dues put you off from this winner of a condo. The dues are the result of a responsible HOA board taking the necessary steps to meet new mortgage financing rules by Fannie Mae that require HOA's to allocate at least 15% of their annual budget to replacement reserves, up from the former 10%. Failure to meet this requirement will jeopardize the ability of buyers to get loans backed by Fannie Mae. Meeting this requirement is something other condo associations will need to consider in the coming months. This is a great opportunity to own a great condo in the hub of Bellingham with views of the bay!

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