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3111 Newmarket Street #302, Bellingham, WA, 98226

1beds
2baths
769sqft
$479,000
$623price/sqft
$2,977/moest. monthly cost
$119,080/yrincome needed

About This Home

Experience the pinnacle of sophisticated urban living in this beautifully kept residence within the highly sought-after Drake Condominiums at Barkley Village. This luminous, west-facing retreat features a spacious primary bedroom with a large walk-in closet, a dedicated den/office with its own closet, and 1.5 baths, including a spa-like primary ensuite with a deep soaking tub and separate shower. Meticulously updated with fresh paint and hardwood floors throughout, the home boasts a gourmet kitchen with granite counters, premium stainless steel appliances, and an en-suite washer/dryer. Beyond the unit, the Drake Building offers exceptional secured entry and convenience with a lobby entrance, elevator access, and a secured parking space in the covered garage paired with a private storage unit. As a premier mixed-use building, the Drake even hosts the Barkley branch of the Bellingham Public Library on its ground level. Residents enjoy a high-walkability lifestyle just steps from Haggen Grocery, Regal IMAX, top-tier medical/dental facilities, and over 14 restaurants. Direct access to Bellingham’s Interurban Trail system ensures that outdoor recreation is always within reach, while the proximity to I-5 makes it a perfect hub for regional travel.

Getting Around

66
WalkingSomewhat Walkable
35
TransitSome Transit
71
BikeVery Bikeable

Schools

6/10
Shuksan Middle SchoolGrades 6-82.7 mi
7/10
Squalicum High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Flat
  • Construction materials: Brick,Metal/Vinyl

Type & Style

  • Home type: Condo
  • Architectural style: Condo (1 Level)
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Gas,Water Heater Location: Garage,Cooking-Gas,Dryer-Gas
  • Laundry features: Dryer-Gas,Washer Hookup,Gas Dryer Hookup

Bathroom Full

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Den Office

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Hardwood

Heating & Cooling

  • Heating features: Wall Furnace,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 769
  • Total interior livable area: 769 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Main

Property

Details

  • Parcel number: 3803205334540007
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Cooking-Gas,Dryer-Gas,Insulated Windows,Primary Bathroom,Walk-In Closet(s),Washer,Water Heater
  • Has view: Yes
  • View description: See Remarks,Territorial

Lot

  • Features: Curbs,Paved,Sidewalk

Parking

  • Total spaces: 1
  • Parking features: Common Garage,Uncovered
  • Has garage: Yes
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Ice Storm
Inland Flooding
Winter Weather

FEMA Declared Disasters in Whatcom County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,422$29,064
Home Insurance *$87$1,044
Property Taxes $319$3,828
Electricity $149$1,793
Total$2,977$35,724
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,068/yr
40% on housing$89,310/yr
45% on housing$79,386/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.8%
3.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$623This listing

vs Other Active Listings

Avg $/sqft

ZIP 98226$317
Whatcom County$301

vs Homes Sold Last Month

Median $/sqft

ZIP 98226$392
Whatcom County$335

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-23Price change$495,000
2026-02-05Listed for sale$509,000
2022-06-07Listing removed--
2022-05-07Listed for rent$2,300
2022-04-27Sold$447,000
2022-04-06Pending sale$429,000
2022-04-01Listed for sale$429,000
2021-02-03Listing removed--
2020-10-11Listed for rent$1,500
2019-01-24Sold$310,000
2018-12-25Pending sale$319,000
2018-12-13Price change$319,000
2018-11-30Listed for sale$324,900
2017-11-29Sold$275,000
2011-02-01Sold$200,000
2010-02-03Listed for sale$230,900

For Sale by Agent

AgentAnthony Zapata
BrokerageKeller Williams Western Realty

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