NOT LISTED FOR SALE

1107 W Maxwell Ave Spokane, WA 99201

West Central Neighborhood

Estimated Value: $373,000 - $558,000

-- Bed
3 Baths
3,185 Sq Ft
$147/Sq Ft Est. Value

Last Sold April 20, 2022

Last sale price $500,000 $157 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,027/month

57 Days on Market

Highlights

  • Cooling Available
  • Wood Siding
  • Heating Available
  • North Central High School Rated A-

About This Home

As of April 2022

Charming duplex with 7 bedrooms, rented out by the bedroom. Can be purchased as a part of a larger portfolio at a discount. Call listing agent for more information. NOI - $45,815 Cap rate - 9.16% !!

Last Agent to Sell the Property

Devin Mecham

NAI Black License #22006882 Listed on: 01/10/2022

NAI Black

Last Buyer's Agent

Devin Mecham

NAI Black License #22006882 Listed on: 01/10/2022

NAI Black

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,499

Year Built

  • Built in 1897

Lot Details

  • 6,970

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • 2-Story Property
  • 6,970 Sq Ft Lot
  • Partially Finished Basement

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 35182.2302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,499

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd
  • Class: Rental Income
  • Year Built: 1897
  • Style Of Construction: 2 Story
  • Lvt Date: 01/10/2022
  • Common Interest Community: No
  • Geo Address Line: 1107 W Maxwell Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/10/2022 11:29:39 PM
  • Geo Zoom Level: 15
  • Allow Public Comments: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Part Fin

Exterior Features

  • Exterior: Wood
  • Roof: Comp

Garage/Parking

  • Garage Size: 0

Utilities

  • Heating/Cooling: Elec

Schools

  • School District: Spokane Dist 81
  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 0.16
  • Estimated Lot Sq Ft: 6970
  • Loc Dir E W: W
  • Loc Numberblk E W: 11
  • Parcel Number: 35182.2302
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Multiple Parcels: No

Multi Family

  • Number Of Units: 7
  • Number Units A: 4
  • Number Units B: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2019
Closed on
Sep 16, 2019
Sold by
Shaw Sheri L and Shaw Jessie L
Bought by
Vintage Rentals Llc
Seller's Agent
Cambria Henry
Haven Real Estate Group
Buyer's Agent
Tyler Barranger
Haven Real Estate Group
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%
Current Estimated Value
$484,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,310
Avg. Annual Appreciation
9.88%
Original Mortgage
$290,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2009
Sold by
Malmoe Eric R and Malmoe Melissa L
Bought by
Shaw Sheri L and Shaw Jessie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2002
Sold by
Mumby Richard J and Mumby Sandra K
Bought by
Malmoe Eric R and Malmoe Melissa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,377
Interest Rate
6.03%
Mortgage Type
FHA
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
Vintage Rentals Llc $280,000 Vista Title & Escrow Llc
Shaw Sheri L $155,000 First American Title Ins Co
Malmoe Eric R $105,000 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vintage Rentals Llc $1,155,000
Closed Vintage Rentals Llc $1,254,000
Closed Vintage Rentals Llc $290,000
Previous Owner Shaw Sheri L $124,000
Previous Owner Malmoe Eric R $38,000
Previous Owner Malmoe Eric R $30,000
Previous Owner Malmoe Eric R $103,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Sold $500,000 0.0% $157 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $500,000 +78.6% $157 / Sq Ft
09/20/2019 09/20/19 Sold $280,000 0.0% $91 / Sq Ft
08/16/2019 08/16/19 Price Changed $280,000 -3.4% $91 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
08/06/2019 08/06/19 Price Changed $289,900 -3.4% $94 / Sq Ft
08/01/2019 08/01/19 For Sale $300,000 0.0% $97 / Sq Ft
06/22/2019 06/22/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $300,000 -- $97 / 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 $4,499 $452,700 $85,000 $367,700
2024 $4,499 $464,700 $75,000 $389,700
2023 $4,530 $489,200 $60,000 $429,200
2022 $3,469 $463,400 $50,000 $413,400
2021 $3,202 $269,100 $24,000 $245,100
2020 $2,103 $170,000 $24,000 $146,000
2019 $1,927 $161,000 $19,000 $142,000
2018 $2,001 $143,700 $19,000 $124,700
2017 $1,918 $140,200 $19,000 $121,200
2016 $1,909 $135,200 $19,000 $116,200
2015 $1,852 $129,600 $19,000 $110,600
2014 -- $127,600 $17,000 $110,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Devin Mecham

    Seller's Agent in 2022

    Devin Mecham

    NAI Black

    (509) 724-9555

    7 in this area

    18 Total Sales

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  • Cambria Henry

    Seller's Agent in 2019

    Cambria Henry

    Haven Real Estate Group

    (208) 651-1626

    7 in this area

    417 Total Sales

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  • Sara Koenig

    Seller Co-Listing Agent in 2019

    Sara Koenig

    American R.E. Associates, Inc

    (509) 939-5940

    2 in this area

    87 Total Sales

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  • T

    Buyer's Agent in 2019

    Tyler Barranger

    Haven Real Estate Group

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202210268

Spokane Association of REALTORS®

APN: 35182.2302

Washington Spokane County Spokane 99201 West Central

1107 W Maxwell Ave, Spokane, WA

This home is located at 1107 W Maxwell Ave, Spokane, WA 99201 since 10 January 2022 and is currently estimated at $467,002, approximately $146 per square foot. This property was built in 1897. 1107 W Maxwell Ave is a home located in Spokane County with nearby schools including Holmes Elementary School, North Central High School, and Glover Middle 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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