$318,000
SOLD FEB 28, 2025

1018 E Desmet Ave Spokane, WA 99202

East Central Neighborhood
3 Beds
3 Baths
1,200 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$265 Per Sq Ft

2% Below List Price

Highlights

  • Bungalow
  • Forced Air Heating System
  • 1-Story Property
  • Lewis & Clark High School Rated A
  • High Speed Internet

About This Home

As of February 2025

Go Zags! Just 1 block from GU, this 3 bedroom, 2 bathroom Gonzaga area rental house is ready to go! Leased through May of 2025 for $1920/mo, tenants pay ALL utilities including W/S/G. Perfect investment opportunity at an affordable price allows for student housing as-is or development potential in the future. Plenty of room to add onto the back, build an ADU/DADU, or tear down and build a higher density building to capitalize on the close proximity to Gonzaga.

Last Agent to Sell the Property

Marcos Nilson

Keller Williams Spokane - Main License #26340 Listed on: 02/03/2025

Keller Williams Spokane - Main

Co-Listed By

Bryan Swanson

Keller Williams Spokane - Main License #102133

Last Buyer's Agent

Lou Dunham

John L Scott, Inc. License #84988

John L Scott, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • Off-Site Parking

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Free-Standing Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Yasuhara Middle School
  • North Central High School

Utilities

  • Forced Air Heating System
  • Furnace
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 35171.1610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,854

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Year Built: 1924
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Level, Fencing
  • Lot Size Acres: 0.1
  • Road Frontage Type: City Street, Gravel
  • Reso Association Amenities: Patio, High Speed Internet, Laundry
  • Co List Office Mls Id: SAR872
  • Co List Office Phone: (509) 458-4000
  • Co List Office Phone: (509) 458-4000
  • MLS Status: Sold
  • Architectural Style: Rancher, Bungalow
  • Reso Interior Features: Windows Wood, Windows Vinyl
  • Reso Structure Type: One Story
  • HighSpeedInternet: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Laundry
  • Appliances: Free-Standing Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Site, None

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air
  • NumberOfRanges: 1

Schools

  • Elementary School: Logan
  • High School: North Central
  • Middle Or Junior School: Yasuhara

Lot Info

  • Parcel Number: 35171.1610
  • Lot Size Sq Ft: 4356

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 2854
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2025
Closed on
Feb 28, 2025
Sold by
1018 E Desmet Avenue Llc
Bought by
Lawrence Merritt James and Lawrence Ju
Seller's Agent
Marcos Nilson
Keller Williams Spokane - Main
Buyer's Agent
Lou Dunham
John L Scott, Inc.
List Price
$325,000
Sold Price
$318,000
Premium/Discount to List
-$7,000
-2.15%
Current Estimated Value
$317,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$251
Avg. Annual Appreciation
1.62%
Original Mortgage
$218,000
Outstanding Balance
$215,047
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$104,955

Purchase Details

Listed on
Dec 11, 2020
Closed on
Mar 24, 2021
Sold by
Laura Grenz
Bought by
1018 E Desmet Avenue Llc
Seller's Agent
Marcos Nilson
Keller Williams Spokane - Main
Buyer's Agent
Bryan Swanson
Keller Williams Spokane - Main
List Price
$250,000
Sold Price
$243,500
Premium/Discount to List
-$6,500
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 12, 2021
Sold by
Grenz Richard
Bought by
Grenz Laura J
Seller's Agent
Marcos Nilson
Keller Williams Spokane - Main
Buyer's Agent
Bryan Swanson
Keller Williams Spokane - Main
List Price
$250,000
Sold Price
$243,500
Premium/Discount to List
-$6,500
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,625
Interest Rate
2.67%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $318,000 Wfg National Title
Quit Claim Deed $313 None Listed On Document
Interfamily Deed Transfer -- Ticor Title Company
Warranty Deed $243,500 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $218,000 New Conventional
Previous Owner $182,625 New Conventional
Previous Owner $1,827,008 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,635,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $170,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $318,000 -2.2% $265 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
02/03/2025 02/03/25 For Sale $325,000 +33.5% $271 / Sq Ft
01/28/2021 01/28/21 Sold $243,500 -2.6% $379 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $250,000 -- $389 / 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 $2,854 $285,100 $100,000 $185,100
2024 $2,854 $287,300 $85,000 $202,300
2023 $2,855 $277,600 $80,000 $197,600
2022 $2,738 $291,600 $80,000 $211,600
2021 $1,418 $118,600 $20,000 $98,600
2020 $1,318 $106,200 $20,000 $86,200
2019 $1,234 $102,900 $20,000 $82,900
2018 $1,264 $90,600 $16,000 $74,600
2017 $1,152 $84,000 $15,000 $69,000
2016 $1,155 $82,400 $15,000 $67,400
2015 $1,134 $79,200 $15,000 $64,200
2014 -- $77,300 $15,000 $62,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marcos Nilson

    Seller's Agent in 2025

    Marcos Nilson

    Keller Williams Spokane - Main

    (509) 270-0123

    4 in this area

    100 Total Sales

    Marcos Nilson
    Section Image
  • Bryan Swanson

    Seller Co-Listing Agent in 2025

    Bryan Swanson

    Keller Williams Spokane - Main

    (509) 991-2120

    3 in this area

    80 Total Sales

    Bryan Swanson
    Section Image
  • Lou Dunham

    Buyer's Agent in 2025

    Lou Dunham

    John L Scott, Inc.

    (509) 863-7933

    4 in this area

    95 Total Sales

    Lou Dunham
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202511578

Spokane Association of REALTORS®

APN: 35171.1610

Washington Spokane County Spokane 99202 East Central

1018 E Desmet Ave, Spokane, WA

This home is located at 1018 E Desmet Ave, Spokane, WA 99202 and is currently priced at $318,000, approximately $265 per square foot. This property was built in 1924. 1018 E Desmet Ave is a home located in Spokane County with nearby schools including Logan Elementary School, Shaw 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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