NOT LISTED FOR SALE

Estimated Value: $447,000 - $516,159

6 Beds
4 Baths
3,184 Sq Ft
$155/Sq Ft Est. Value

Last Sold April 06, 2022

Last sale price $530,000 $166 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,066/month

5 Days on Market

Highlights

  • Territorial View
  • 2 Car Attached Garage
  • Cooling Available
  • Traditional Architecture
  • Eat-In Kitchen
  • Baseboard Heating

About This Home

As of April 2022

Great opportunity to purchase a duplex in the valley that has upside in rents and overall value. These units offer 3 bedrooms, 2 bathrooms, nearly 1600 sqft, and attached 1 car garages. They are multi level units with 3 separate levels. The main level features a living room and kitchen with access to the back deck. Upstairs you'll find 2 bedrooms and a bathroom and in the basement you'll find a family room, bedroom and an additional bathroom that doubles as the laundry room. This area allows most utilities to be billed separately so it is possible for landlord to only pay the water bill. Located in the heart of the valley, surrounded by great schools and nearby parks make these units desirable to many tenants. The units also feature separate decks with stairs leading to their separately fenced yards. Dont miss this opportunity to purchase this duplex before interest rates get too high!

Last Agent to Sell the Property

Jeff Hornberger

The Hornberger Group, LLC License #27912 Listed on: 02/12/2022

Last Buyer's Agent

Marina Sirenkyi

First Look Real Estate License #21009401

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,741

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot
  • Back Yard Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • Primary bedroom located on second floor
  • 3,184 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Territorial Views

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher

Partially Finished Basement

  • Recreation or Family Area in Basement
  • Laundry in Basement

Schools

  • Opportunity Elementary School
  • North Pines Middle School
  • Central Valley High School

Utilities

  • Cooling Available
  • Baseboard Heating
  • 200+ Amp Service

Community Details

  • 2 Units
  • Community Deck or Porch
  • Water Sewer Expense $1,020

Listing and Financial Details

  • Assessor Parcel Number 45212.1626

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,741

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Paved
  • Class: Rental Income
  • Year Built: 1976
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 02/12/2022
  • Common Interest Community: No
  • Geo Address Line: 11312 E 7th Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 2/13/2022 4:21:57 AM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Jr High: North Pines
  • Allow Public Comments: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 3184
  • Price Per Sq Ft: 166.46
  • Number of Stories: 2
  • Basement: Partial, Finished, Fam/Rec Rm, Lndry
  • Basement: Yes
  • Design: Traditional
  • Dining Room: Kit Eat Sp
  • Family/Recreation Room: Bsmt
  • Features: Breakers, 200 AMP
  • Fireplace: Wood
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig
  • Primary Bedroom: 2nd Flr
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: T-111, Wood
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 2
  • Number Garages: 2

Utilities

  • Heating/Cooling: Elec, Basebd

Condo/Co-op/Association

  • Amenities: Deck

Schools

  • School District: Central Valley
  • Elementary School: Opportunity
  • Middle School: North Pines
  • High School: Central Valley
  • School District: Central Valley
  • Elementary School: Opportunity

Lot Info

  • Acres Mol: 0.28
  • Estimated Lot Sq Ft: 12197
  • Loc Dir E W: E
  • Loc Dir N S: S
  • Loc Numberblk E W: 113
  • Lot Information: Fncd Bk Yd, Level
  • Lot View: Territorial
  • Parcel Number: 45212.1626
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 7
  • Multiple Parcels: No

Tax Info

  • Taxes: 3741.41

Multi Family

  • Number Of Units: 2
  • Number Units A: 1
  • Number Units B: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2022
Closed on
Apr 1, 2022
Sold by
Chan and Emily
Bought by
Khomenko Vladimir and Khomenko Olena
Seller's Agent
Jeff Hornberger
The Hornberger Group, LLC
Buyer's Agent
Marina Sirenkyi
First Look Real Estate
List Price
$450,000
Sold Price
$530,000
Premium/Discount to List
$80,000
17.78%
Current Estimated Value
$492,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,460
Avg. Annual Appreciation
-2.04%
Original Mortgage
$393,750
Outstanding Balance
$371,451
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$121,089

Purchase Details

Closed on
Nov 24, 2021
Sold by
Chang Ted and Chang Mariko L
Bought by
Chan Jason and Chan Emily

Purchase Details

Listed on
Jan 27, 2021
Closed on
Feb 8, 2021
Sold by
Vandenkooy Heidecker Revocable Trust and Vandenkooy Geoffrey
Bought by
Chang Ted and Chang Mariko L
Seller's Agent
Brandi Graham-Snow
Windermere North
Buyer's Agent
Jeff Hornberger
The Hornberger Group, LLC
List Price
$334,900
Sold Price
$345,000
Premium/Discount to List
$10,100
3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%
Original Mortgage
$340,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2020
Sold by
Vandenkooy Geoffrey L and Heidecker Kimberlee
Bought by
Vandenkooy Geoffrey and Heidecker Kimberlee

Purchase Details

Listed on
Dec 11, 2018
Closed on
Jan 11, 2019
Sold by
Nebel Jason and Nebel Katrina
Bought by
Vandenkooy Geoffrey L and Heidecker Kimberlee
Seller's Agent
Brittany Copeland
Keller Williams Spokane - Main
Buyer's Agent
Brandi Graham-Snow
Windermere North
List Price
$260,000
Sold Price
$275,000
Premium/Discount to List
$15,000
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%
Original Mortgage
$192,500
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2015
Closed on
Sep 22, 2015
Sold by
Mason Brett A
Bought by
Nebel Jason and Nebel Katrina
Seller's Agent
Bob Krafft
Windermere Valley
Buyer's Agent
Bob Krafft
Windermere Valley
List Price
$205,000
Sold Price
$200,500
Premium/Discount to List
-$4,500
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Original Mortgage
$150,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Khomenko Vladimir $530,000 New Title Company Name
Chan Jason $420,876 None Available
Chang Ted -- None Listed On Document
Vandenkooy Geoffrey -- None Available
Vandenkooy Geoffrey L $275,000 Wfg Natl Title Co Of Eastern
Nebel Jason $200,500 Spokane County Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khomenko Vladimir $393,750
Previous Owner Chang Ted $340,000
Previous Owner Vandenkooy Geoffrey L $192,500
Previous Owner Nebel Jason $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2022 04/06/22 Sold $530,000 +17.8% $166 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/12/2022 02/12/22 For Sale $450,000 +30.4% $141 / Sq Ft
02/25/2021 02/25/21 Sold $345,000 +3.0% $108 / Sq Ft View Prior Sale
02/25/2021 02/25/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $334,900 +21.8% $105 / Sq Ft
01/16/2019 01/16/19 Sold $275,000 +5.8% $86 / Sq Ft View Prior Sale
12/29/2018 12/29/18 Pending -- -- --
12/11/2018 12/11/18 For Sale $260,000 +29.7% $82 / Sq Ft
10/01/2015 10/01/15 Sold $200,500 -2.2% $63 / Sq Ft View Prior Sale
09/10/2015 09/10/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $205,000 -- $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 $5,551 $520,000 $110,000 $410,000
2024 $5,551 $516,300 $95,000 $421,300
2023 $4,741 $506,300 $85,000 $421,300
2022 $3,741 $490,500 $77,000 $413,500
2021 $3,523 $279,800 $47,000 $232,800
2020 $3,152 $253,700 $42,000 $211,700
2019 $2,699 $226,200 $40,000 $186,200
2018 $3,009 $210,000 $30,000 $180,000
2017 $3,072 $218,600 $30,000 $188,600
2016 $3,015 $207,900 $30,000 $177,900
2015 $3,066 $207,900 $30,000 $177,900
2014 -- $197,500 $30,000 $167,500
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202211283

Spokane Association of REALTORS®

APN: 45212.1626