NOT LISTED FOR SALE

11122 E Valleyway Ave Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $463,000 - $555,000

5 Beds
2 Baths
2,132 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 11, 2021

Last sale price $430,000 $202 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,155/month

89 Days on Market

Highlights

  • RV Access or Parking
  • Traditional Architecture
  • In-Law or Guest Suite
  • 0.93 Acre Lot
  • Oversized Lot
  • Shed

About This Home

As of February 2021

Investors dream! The property was just rezoned to allow up 10 dwellings on it! The house has a mother-in-law quarters or can be a 2br/1ba rental unit with it's own entrance and laundry room with a full kitchen. The home has been beautifully updated and has 9 foot ceilings in the main living area. The upstairs has access to the main floor. Two hot water heaters, one for each floor. 26x20 partially covered deck.

Last Agent to Sell the Property

Valentina Thomson

Windermere Coeur d'Alene Realt License #92739 Listed on: 10/06/2020

Windermere Coeur d'Alene Realt

Last Buyer's Agent

Andrew Graham

Avalon 24 Real Estate License #135850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1910

Lot Details

  • 0.93 Acre Lot
  • Fenced
  • Oversized Lot
  • Level Lot
  • Open Lot

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • In-Law or Guest Suite
  • 2,132 Sq Ft Home
  • Utility Room
  • Unfinished Basement

Kitchen

  • Microwave
  • Dishwasher

Parking

  • 8 Parking Spaces
  • Workshop in Garage
  • RV Access or Parking

Outdoor Features

  • Shed

Schools

  • North Pines Middle School
  • University High School

Utilities

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

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number 45163.0321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,696

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level, Open Lot, Oversized Lot, Fencing
  • Lot Size Acres: 0.93
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Cable TV, Deck, High Speed Internet, None
  • Co List Office Phone: 208-664-9221
  • MLS Status: Sold
  • Architectural Style: Traditional
  • Reso Interior Features: Utility Room, In-Law Floorplan
  • Reso Structure Type: See Remarks
  • HighSpeedInternet: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Unfinished
  • Appliances: Dishwasher, Refrigerator, Microwave, Pantry
  • Basement YN: Yes

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Vinyl Siding, Wood
  • Other Structures: Shed(s)

Garage/Parking

  • Parking Features: RV Parking, Workshop in Garage
  • Total Parking Spaces: 8

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air

Schools

  • Elementary School: Opportunity
  • High School: University
  • Middle Or Junior School: North Pines

Lot Info

  • Parcel Number: 45163.0321
  • Lot Size Sq Ft: 40512
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Feb 10, 2021
Sold by
Fowlkes Karmen L
Bought by
Rjm Construction Llc
Seller's Agent
Valentina Thomson
Windermere Coeur d'Alene Realt
Buyer's Agent
Andrew Graham
Avalon 24 Real Estate
List Price
$475,900
Sold Price
$430,000
Premium/Discount to List
-$45,900
-9.64%
Current Estimated Value
$516,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,976
Avg. Annual Appreciation
4.01%
Original Mortgage
$228,000
Outstanding Balance
$203,567
Interest Rate
2.6%
Mortgage Type
Commercial
Estimated Equity
$313,409

Purchase Details

Closed on
Nov 7, 2013
Sold by
Fowlkes Karmen L and Schafer Karmen L
Bought by
Fowlkes Karmen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,300
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
Fowlkes Cinda R
Bought by
Schafer Bruce A and Schafer Karmen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Rjm Construction Llc $430,000 First American Title
Fowlkes Karmen L -- Inland Professional Title Ll
Schafer Bruce A $133,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rjm Construction Llc $228,000
Previous Owner Fowlkes Karmen L $142,300
Previous Owner Schafer Bruce A $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2021 02/11/21 Sold $430,000 -6.5% $202 / Sq Ft
01/03/2021 01/03/21 Pending -- -- --
12/28/2020 12/28/20 Price Changed $459,900 -3.4% $216 / Sq Ft
12/18/2020 12/18/20 For Sale $475,900 0.0% $223 / Sq Ft
12/15/2020 12/15/20 For Sale $475,900 0.0% $223 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
12/02/2020 12/02/20 Pending -- -- --
11/17/2020 11/17/20 Price Changed $475,900 -2.9% $223 / Sq Ft
10/30/2020 10/30/20 Price Changed $489,900 -2.0% $230 / Sq Ft
10/22/2020 10/22/20 For Sale $499,900 0.0% $234 / Sq Ft
10/12/2020 10/12/20 Price Changed $499,900 +0.2% $234 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $499,000 -- $234 / 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 $5,059 $479,350 $97,650 $381,700
2024 $5,059 $476,400 $83,700 $392,700
2023 $4,286 $473,700 $83,700 $390,000
2022 $4,124 $449,550 $79,050 $370,500
2021 $3,012 $241,100 $55,800 $185,300
2020 $2,744 $222,900 $55,800 $167,100
2019 $2,207 $186,870 $45,570 $141,300
2018 $2,465 $173,570 $45,570 $128,000
2017 $2,317 $166,070 $45,570 $120,500
2016 $2,239 $155,510 $43,710 $111,800
2015 $2,315 $158,110 $43,710 $114,400
2014 -- $135,050 $41,850 $93,200
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Valentina Thomson

    Seller's Agent in 2021

    Valentina Thomson

    Windermere Coeur d'Alene Realt

    (208) 755-9744

    3 in this area

    39 Total Sales

    Valentina Thomson
    Section Image
  • Andrew Graham

    Buyer's Agent in 2021

    Andrew Graham

    Avalon 24 Real Estate

    (509) 899-1774

    15 in this area

    275 Total Sales

    Andrew Graham
    Section Image
  • Zac Scott

    Buyer Co-Listing Agent in 2021

    Zac Scott

    Avalon 24 Real Estate

    (509) 868-5244

    9 in this area

    183 Total Sales

    Zac Scott
    Section Image

  • S

    Buyer Co-Listing Agent in 2021

    Shawnna Rima

    Windermere Manito, LLC

    3 in this area

    28 Total Sales

    Shawnna Rima
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202023192

Spokane Association of REALTORS®

APN: 45163.0321

Washington Spokane County Spokane Valley 99206 Opportunity

11122 E Valleyway Ave, Spokane Valley, WA

This home is located at 11122 E Valleyway Ave, Spokane Valley, WA 99206 since 06 October 2020 and is currently estimated at $516,976, approximately $242 per square foot. This property was built in 1910. 11122 E Valleyway Ave is a home located in Spokane County with nearby schools including Opportunity Elementary School, North Pines Middle School, and University 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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