NOT LISTED FOR SALE

1016 W Railroad Ave Unit 502 Spokane, WA 99201

City Center Spokane Neighborhood

Estimated Value: $504,000 - $547,000

1 Bed
2 Baths
1,736 Sq Ft
$275/mo HOA Fee

Last Sold October 16, 2020

Last sale price $387,500 $223 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,770/month

113 Days on Market

Highlights

  • City View
  • Forced Air Heating and Cooling System
  • Storage
  • Sacajawea Middle School Rated A-
  • Controlled Access
  • High-Rise Condominium

About This Home

As of October 2020

Stunning downtown loft with amazing views, southern exposure & twin Juliet balconies. Warmth & charm abound! Vaulted ceilings, exposed beams, two-sided steel artisan fireplace, and walls of exposed brick all help to make this unit one of Spokane's finest condos! Granite in kitchen & both baths, Viking gas range, 180 degree views of everything from downtown, the South Hill, or the sunset. Downtown city living at a fraction of the price! Don't miss this opportunity to own such a great value! Depending on offer, seller will provide 2 years of paid parking.

Last Agent to Sell the Property

Khalil Beznaiguia

Windermere Manito, LLC License #79117 Listed on: 04/26/2020

Windermere Manito, LLC

Last Buyer's Agent

Khalil Beznaiguia

Windermere Manito, LLC License #79117 Listed on: 04/26/2020

Windermere Manito, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,956

Year Built

  • Built in 1909

Lot Details

  • 1,742

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,736 Sq Ft Home
  • Gas Fireplace
  • Storage
  • City Views

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Schools

  • Roosevelt Elementary School
  • Sacajewa Middle School
  • Lewis & Clark High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 35192.6015

Community Details

Overview

  • Association fees include accounting, fire & liab, wtr/swr/garb, elevator
  • High-Rise Condominium

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,956

Year Built

Built in 1909

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Sub Type: Condo
  • Access: Pub Rd
  • Class: Residential
  • Style Of Construction: Hi-rise
  • Year Built: 1909
  • Lvt Date: 04/26/2020
  • Common Interest Community: Yes
  • Geo Address Line: 1016 W Railroad Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 4/26/2020 8:53:53 PM
  • Geo Zoom Level: 15
  • Sr High: Lewis & Clark
  • Year Renovated: 2006
  • Jr High: Sacajewa
  • Property Sub Type: Condos

Interior Features

  • Total Approx Sq Ft: 1736
  • Price Per Sq Ft: 223.21
  • Bathrooms: 2
  • Bedrooms: 1
  • First Floor Bedrooms: 1
  • First Floor Bathrooms: 2
  • Special Features: Wood Flr
  • Features: Elevator
  • Fireplace: Gas
  • Kitchen Appliances: Blt in R/O, Gas Rng, D/W, Disposal

Exterior Features

  • Exterior: Brick
  • Roof: Flat

Garage/Parking

  • Garage Parking: Assigned Sp

Utilities

  • Heating/Cooling: Gas, Forced Air, Cent A/C
  • Power Company: Avista
  • Water Company: City Sp

Condo/Co-op/Association

  • Condo/PUD Features: Sec Contr Acc, Pets, Storage, Maint Assmt
  • Condo/PUD Maintenance Fee Pays: Accounting, Fire & Liab, Wtr/swr/garb, Elevator

Schools

  • School District: Spokane Dist 81
  • Elementary School: Roosevelt
  • Middle School: Sacajewa
  • High School: Lewis & Clark
  • School District: Spokane Dist 81
  • Elementary School: Roosevelt

Lot Info

  • Loc Dir E W: W
  • Loc Numberblk E W: 10
  • Loc Numberblks N S: 2
  • Lot View: City
  • Monthly Assessment: 275
  • Parcel Number: 35192.6015
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Tax Info

  • Tax Database Id: 1
  • Taxes: 5955.55
  • Assessor Parcel Number: 35192.6015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2020
Closed on
Sep 22, 2020
Sold by
Hillenbrand Catherine
Bought by
Milbrath Benjamin and Benjamin Milbrath Revocable Living Trust
Seller's Agent
Khalil Beznaiguia
Windermere Manito, LLC
Buyer's Agent
Khalil Beznaiguia
Windermere Manito, LLC
List Price
$484,999
Sold Price
$387,500
Premium/Discount to List
-$97,499
-20.1%
Current Estimated Value
$553,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,166
Avg. Annual Appreciation
5.83%
Original Mortgage
$290,625
Outstanding Balance
$259,661
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$249,275

Purchase Details

Closed on
Apr 4, 2008
Sold by
1016 Railside Center Llc
Bought by
Hillenbrand Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2008
Sold by
Hudson Joseph
Bought by
Hillenbrand Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Milbrath Benjamin $387,500 First American Title
Hillenbrand Catherine $550,000 Stewart Title Of Spokane
Hillenbrand Catherine -- Stewart Title Of Spokane
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milbrath Benjamin $290,625
Previous Owner Hillenbrand Catherine $370,795
Previous Owner Hillenbrand Catherine $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $387,500 -13.9% $223 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
07/10/2020 07/10/20 Price Changed $449,900 -7.2% $259 / Sq Ft
04/26/2020 04/26/20 For Sale $484,999 -- $279 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,238 $526,900 $69,400 $457,500
2024 $5,238 $528,300 $69,400 $458,900
2023 $4,510 $532,600 $69,400 $463,200
2022 $4,744 $461,300 $69,400 $391,900
2021 $5,386 $453,380 $8,680 $444,700
2020 $6,503 $527,620 $3,820 $523,800
2019 $5,956 $498,770 $3,470 $495,300
2018 $384 $488,070 $3,470 $484,600
2017 $377 $488,070 $3,470 $484,600
2016 $349 $433,170 $3,470 $429,700
2015 $356 $433,170 $3,470 $429,700
2014 -- $433,170 $3,470 $429,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Khalil Beznaiguia

    Seller's Agent in 2020

    Khalil Beznaiguia

    Windermere Manito, LLC

    (509) 475-2802

    4 in this area

    125 Total Sales

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202014692

Spokane Association of REALTORS®

APN: 35192.6015

Washington Spokane County Spokane 99201 City Center Spokane

1016 W Railroad Ave Unit 502, Spokane, WA

This home is located at 1016 W Railroad Ave Unit 502, Spokane, WA 99201 since 26 April 2020 and is currently estimated at $530,286, approximately $305 per square foot. This property was built in 1909. 1016 W Railroad Ave Unit 502 is a home located in Spokane County with nearby schools including Roosevelt Elementary School, Sacajawea Middle School, and Lewis & Clark High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® IDX information is provided exclusively for 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 not guaranteed.

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