NOT LISTED FOR SALE

Estimated Value: $258,000 - $378,000

2 Beds
2 Baths
2,800 Sq Ft
$108/Sq Ft Est. Value

Last Sold October 26, 2015

Last sale price $178,000 $64 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,783/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • Community Deck or Porch
  • 2 Car Attached Garage
  • High Speed Internet
  • Level Lot

About This Home

As of October 2015

Enjoy a healthy 7.5% cap rate on this smart investment. Both units are clean, well maintained and ready to rent. Large 1440 Sq Ft 3 bed, 2 bath units each with 1 car attached garage. Auto sprinklers, central heat, A/C, washer/dryer hookups. Convenient central location, close to all and easy to rent, easy to show!

Last Agent to Sell the Property

Natalie Rastall

Professional Realty Services License #27947 Listed on: 08/28/2015

Professional Realty Services

Last Buyer's Agent

John Stirling

Stirling Group License #24973

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1984

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Tuck Under Parking
  • Off-Site Parking

Home Design

  • Contemporary Architecture
  • Split Foyer
  • Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Dishwasher

Schools

  • East Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Furnace
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Community Deck or Porch
  • Water Sewer Expense $1,968

Listing and Financial Details

  • Assessor Parcel Number 45093.2303

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1984
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level
  • Lot Size Acres: 0.25
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Cable TV, Deck, High Speed Internet, None, See Remarks
  • Co List Office Phone: 509-458-4000
  • MLS Status: Sold
  • Architectural Style: Contemporary
  • Reso Structure Type: Split Entry
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Basement YN: Yes

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Under Building, Off Site
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Gas Hot Air Furnace, Forced Air
  • NumberOfRanges: 2

Fee Information

  • Annual Water Sewer Expense: 1968

Schools

  • High School: East Valley

Lot Info

  • Parcel Number: 45093.2303
  • Lot Size Sq Ft: 11010

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2308
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2019
Sold by
Rennaker David A and Rennaker Sheridon
Bought by
Rennaker David and Rennaker Sheridon
Current Estimated Value
$302,972

Purchase Details

Listed on
Aug 28, 2015
Closed on
Oct 12, 2015
Sold by
Ertel Paul B and Ertel Cynthia T
Bought by
Rennaker David A and Rennaker Sheridon M
Seller's Agent
Natalie Rastall
Professional Realty Services
Buyer's Agent
John Stirling
Stirling Group
List Price
$179,000
Sold Price
$178,000
Premium/Discount to List
-$1,000
-0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%
Original Mortgage
$66,750
Outstanding Balance
$39,999
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$262,973

Purchase Details

Closed on
Jan 8, 2013
Sold by
Ertel Paul B
Bought by
Ertel Paul B and Ertel Cynthia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2004
Sold by
Alois Enterprise Llc
Bought by
Ertel Paul B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2000
Sold by
Karg Rudolph A and Karg Linda R
Bought by
Alois Enterprises Llc

Purchase Details

Closed on
Dec 27, 1999
Sold by
Alois Enterprises Llc
Bought by
Karg Rudolph A and Karg Linda R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rennaker David -- None Available
Rennaker David A $89,000 First American Title Ins Co
Ertel Paul B -- First American Title Ins Co
Ertel Paul B $160,000 First American Title Ins
Alois Enterprises Llc -- --
Karg Rudolph A -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rennaker David A $66,750
Previous Owner Ertel Paul B $119,200
Previous Owner Ertel Paul B $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2015 10/26/15 Sold $178,000 -0.6% $64 / Sq Ft
09/02/2015 09/02/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $179,000 -- $64 / 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 $2,166 $247,000 $45,000 $202,000
2024 $2,166 $228,700 $40,000 $188,700
2023 $1,790 $201,600 $35,000 $166,600
2022 $1,667 $181,800 $30,000 $151,800
2021 $1,566 $129,500 $20,000 $109,500
2020 $1,515 $118,700 $20,000 $98,700
2019 $1,287 $102,900 $15,000 $87,900
2018 $1,265 $94,000 $15,000 $79,000
2017 $1,168 $87,300 $15,000 $72,300
2016 $1,187 $89,800 $15,000 $74,800
2015 $1,154 $84,000 $15,000 $69,000
2014 -- $87,100 $15,000 $72,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201523892

Spokane Association of REALTORS®

APN: 45093.2303