NOT LISTED FOR SALE

1127 S Rees Ln Unit & adjacent Accessory Spokane Valley, WA 99037

Estimated Value: $425,000 - $565,408

3 Beds
2 Baths
1,495 Sq Ft
$344/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $554,000 $371 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,370/month

9 Days on Market

Highlights

  • Guest House
  • Solid Surface Countertops
  • Cul-De-Sac
  • Territorial View
  • Formal Dining Room
  • 2 Car Attached Garage

About This Home

As of February 2024

Quiet Valley cul de sac features new rancher home with detached one story accessory dwelling unit on the same lot. Main home is 1,495 square feet with 3 bedrooms and 2 car garage. Accessory dwelling unit is 685 square feet with 1 bedroom and 1 bath with 1 car garage plus carport. ADU Heat Pump supplies electric heat and cooling. Perfect for multi-generational living or rental income on one of the homes. More privacy than a duplex! Spokane Valley's first homes with detached, designed Accessory Dwelling Units. Homes are quality built by Big Sky Homes and Development. This home includes quartz countertops, vaulted Ceilings and LVP flooring in spacious great room. Partial fencing for privacy. Landscaping with sprinklers.

Last Agent to Sell the Property

Kathleen Moore

Windermere Valley License #36403 Listed on: 01/04/2024

Co-Listed By

Todd Rooks

Windermere Valley License #6989

Last Buyer's Agent

Brandon Marchand

Keller Williams Spokane - Main License #23628

Keller Williams Spokane - Main

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,074

Year Built

  • Built in 2023

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Back Yard Fenced
  • Level Lot
  • Sprinkler System
  • Property is zoned R-3

Home Design

  • Slab Foundation
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 1,495 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Territorial Views

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Parking

  • 2 Car Attached Garage
  • Carport

Additional Homes

  • Guest House

Schools

  • Mcdonald Elementary School
  • Evergreen Middle School
  • Central Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • 200+ Amp Service
  • High Speed Internet

Community Details

  • Built by Big Sky Homes
  • Rees Lane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45233.6001

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,074

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Sub Type: Res/Site Blt
  • New Construction: Yes
  • Access: Paved, Pvt Rd
  • Class: Residential
  • Style Of Construction: 1 Story
  • Year Built: 2023
  • Zone: R-3
  • Lvt Date: 01/04/2024
  • Common Interest Community: No
  • Geo Match Code: 3
  • Geo Quality: 1
  • Geo Update Timestamp: 1/4/2024 5:09:09 PM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Jr High: Evergreen
  • Allow Public Comments: No
  • High Speed Internet Avail: Yes
  • Subdivision/Development: Rees Lane
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 1495
  • Price Per Sq Ft: 370.57
  • Number of Stories: 1
  • Bathrooms: 2
  • Bedrooms: 3
  • Estimated First Floor Sq Ft: 1495
  • First Floor Bedrooms: 3
  • First Floor Bathrooms: 2
  • Basement: Slab
  • Special Features: Mn Flr Util, Cath Cling, Vinyl Wn Fr, In-Law Setup
  • Design: Rancher
  • Dining Room: Eat Bar, Formal
  • Family/Recreation Room: 1st Flr
  • Features: 200 AMP
  • Kitchen Appliances: Fr Stnd Rng, D/W, Disposal, Microwave, Kit Island, Hrd Surface Counters
  • Primary Bedroom: Wlkin Clst, 3/4 Bath, 1st Flr

Exterior Features

  • Exterior: T-111, Fiber Cement
  • Out Buildings: Guest House
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, Carport
  • Garage Size: 2

Utilities

  • Heating/Cooling: Gas, Forced Air, Prog. Therm.
  • Power Company: Vera
  • Water Company: Vera

Schools

  • School District: Central Valley
  • Elementary School: McDonald
  • Middle School: Evergreen
  • High School: Central Valley
  • School District: Central Valley
  • Elementary School: McDonald

Lot Info

  • Acres Mol: 0.29
  • Estimated Lot Sq Ft: 12447
  • Loc Dir E W: E
  • Loc Dir N S: S
  • Loc Numberblk E W: 143
  • Loc Numberblks N S: 12
  • Lot Information: Fncd Bk Yd, Spr Sys, Level, Culdesac, Surveyed
  • Lot View: Territorial
  • Parcel Number: 45233.6001
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Multiple Parcels: No

Building Info

  • Builder Name: Big Sky Homes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 22, 2024
Sold by
Big Sky Homes & Dev Llc
Bought by
Tibbits Rachel A and Tibbits Alex
Seller's Agent
Kathleen Moore
Windermere Valley
Buyer's Agent
Brandon Marchand
Keller Williams Spokane - Main
List Price
$549,000
Sold Price
$554,000
Premium/Discount to List
$5,000
0.91%
Views
140
Current Estimated Value
$514,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,898
Avg. Annual Appreciation
-3.40%
Original Mortgage
$526,300
Outstanding Balance
$520,101
Interest Rate
6.66%
Mortgage Type
Construction
Estimated Equity
$9,143
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 Buyer Sale Price Title Company
Tibbits Rachel A $554,000 Vista Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tibbits Rachel A $526,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $554,000 +0.9% $371 / Sq Ft
01/13/2024 01/13/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $549,000 -- $367 / 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
2024 $6,074 $100,000 $100,000 --
2023 -- $85,000 $85,000 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202410294

Spokane Association of REALTORS®

APN: 45233.6001