NOT LISTED FOR SALE

11721 E Alki Ave Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $371,856 - $450,000

5 Beds
3 Baths
2,850 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $431,200 $151 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,541/month

6 Days on Market

Highlights

  • Ranch Style House
  • 4 Car Detached Garage
  • Landscaped with Trees
  • Oversized Lot
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of October 2023

This is an incredible income-producing opportunity for anyone who wants an oversized lot with 3 units to increase their rental portfolio or live in one unit and rent the others! Featuring a duplex with 4 beds and 2 bathrooms total, over 1650+ sq ft of living space, and a studio with bathroom above the garage. Potential to build more units on the almost half acre. The first unit was just renovated with custom luxury vinyl plank flooring, brand new paint, fixtures and a vanity. Whole duplex roof was replaced in 2021. This property screams opportunity and with almost a half an acre, it allows for more development to come! Schedule a showing today.

Last Agent to Sell the Property

Nathan Yoder

Kelly Right Real Estate of Spokane License #108080 Listed on: 09/20/2023

Last Buyer's Agent

Aaron Beal

Amplify Real Estate Services License #20120770

Amplify Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,124

Year Built

  • Built in 1953

Lot Details

  • 0.45 Acre Lot
  • Fenced
  • Oversized Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • 2,850 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Kitchen

  • Indoor Grill
  • Microwave

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Detached Garage
  • Workshop in Garage

Outdoor Features

  • Shop

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 45164.0143

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,124

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Gravel, Pvt Rd
  • Class: Rental Income
  • Year Built: 1953
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 09/20/2023
  • Common Interest Community: No
  • Geo Address Line: 11721 E Alki Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/20/2023 8:57:54 PM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Year Renovated: 2023
  • Jr High: North Pines
  • Allow Public Comments: Yes
  • High Speed Internet Avail: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Total Approx Sq Ft: 2850
  • Price Per Sq Ft: 151.3
  • Basement: Slab
  • Design: Rancher
  • Family/Recreation Room: 1st Flr
  • Kitchen Appliances: Grll Top Rng, Refrig, Microwave, Washer, Dryer
  • Number of Ranges: 2
  • Number of Refrigerators: 3

Exterior Features

  • Exterior: Wood
  • Out Buildings: Shop
  • Roof: Comp

Garage/Parking

  • Garage Parking: Detached, Slab, Shop Area
  • Garage Size: 4+
  • Number Garages: 1
  • Number Parking Spaces: 8

Utilities

  • Heating/Cooling: Elec, Forced Air
  • Power Company: Avista
  • Water Company: City

Condo/Co-op/Association

  • Common Amenities: Comm elec/gas

Schools

  • School District: Central Valley
  • Elementary School: Opportunity

Lot Info

  • Acres Mol: 0.45
  • Estimated Lot Sq Ft: 19602
  • Lot Information: Treed, Level, Oversized, Fenced
  • Parcel Number: 45164.0143
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Multi Family

  • Number Of Units: 3
  • Number Units A: 1
  • Number Units B: 1
  • Number Units C: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Oct 10, 2023
Sold by
Milliken William and Milliken Blanche
Bought by
Colyar Jeffrey T and Colyar Jennifer D
Seller's Agent
Nathan Yoder
Kelly Right Real Estate of Spokane
Buyer's Agent
Aaron Beal
Amplify Real Estate Services
List Price
$449,500
Sold Price
$431,200
Premium/Discount to List
-$18,300
-4.07%
Views
28
Current Estimated Value
$419,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,486
Avg. Annual Appreciation
-1.31%

Purchase Details

Closed on
May 30, 2019
Sold by
Equity Trust Company
Bought by
Milliken William and Edwards Blanche

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.1%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Nov 10, 2014
Closed on
Feb 10, 2015
Sold by
Valdez Diana M
Bought by
Equity Trust Company and Jonnie Lewis Ira
Seller's Agent
Jay Overholser
SDS Realty, Inc.
Buyer's Agent
Gary Lewis
Extant Realty
List Price
$84,900
Sold Price
$73,269
Premium/Discount to List
-$11,631
-13.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.75%

Purchase Details

Closed on
Apr 19, 1996
Sold by
Dalke Frank H
Bought by
Dutke Darryl L and Valdez Diana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,250
Interest Rate
8%
Source: Public Records

Range of Values:

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Average Value
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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
Colyar Jeffrey T $431,200 Wfg National Title
Milliken William $272,563 None Available
Milliken William $245,000 First American Title Ins Co
Equity Trust Company $73,239 First American Title Ins Co
Dutke Darryl L $85,000 Pacific Nw Title
Dutke Darryl L $85,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Milliken William $225,000
Previous Owner Dutke Darryl L $72,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2023 10/11/23 Sold $431,200 -4.1% $151 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $449,500 +513.5% $158 / Sq Ft
02/24/2015 02/24/15 Sold $73,269 -13.7% $61 / Sq Ft View Prior Sale
02/24/2015 02/24/15 Pending -- -- --
11/10/2014 11/10/14 For Sale $84,900 -- $71 / 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 $4,124 $411,500 $95,000 $316,500
2024 $4,124 $380,900 $80,000 $300,900
2023 $2,408 $257,300 $75,000 $182,300
2022 $2,170 $242,450 $68,250 $174,200
2021 $2,043 $160,600 $42,000 $118,600
2020 $1,893 $150,800 $42,000 $108,800
2019 $1,625 $134,800 $35,700 $99,100
2018 $1,836 $127,000 $35,700 $91,300
2017 $1,503 $105,100 $35,700 $69,400
2016 $1,379 $93,100 $33,600 $59,500
2015 $1,369 $90,800 $33,600 $57,200
2014 -- $91,650 $36,750 $54,900
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nathan Yoder

    Seller's Agent in 2023

    Nathan Yoder

    Kelly Right Real Estate of Spokane

    (509) 279-3115

    2 in this area

    47 Total Sales

    Nathan Yoder
    Section Image

  • A

    Buyer's Agent in 2023

    Aaron Beal

    Amplify Real Estate Services

    (509) 995-3366

    2 in this area

    105 Total Sales

    Aaron Beal
    Section Image
  • Jay Overholser

    Seller's Agent in 2015

    Jay Overholser

    SDS Realty, Inc.

    (509) 624-1019

    2 in this area

    27 Total Sales

    Jay Overholser
    Section Image

  • G

    Buyer's Agent in 2015

    Gary Lewis

    Extant Realty

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202322127

Spokane Association of REALTORS®

APN: 45164.0143

Washington Spokane County Spokane Valley 99206 Opportunity

11721 E Alki Ave, Spokane Valley, WA

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