NOT LISTED FOR SALE

11906 E Main Ave Unit 11902 Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $500,000 - $559,595

7 Beds
5 Baths
5,412 Sq Ft
$99/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $500,000 $92 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,238/month

5 Days on Market

Highlights

  • City View
  • 1 Car Attached Garage
  • Building Patio
  • 0.88 Acre Lot
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of March 2022

Looking for an investment property with immediate upside? These two parcels must be sold together and include 3 traditionally built duplexes and 1 larger converted duplex. The smaller duplexes feature 1 bedroom and 1 bath on each side. One bedrooms in this area are so popular being they are walking distance to bus routes and shopping. All units are ground level with only 1 step for entry. Projected rents with light rehab is $995/mo. Owner has increased some rents to $875 in as-is condition. Washer and dryer has been added to 4/6 1 bedroom units as well. All flat roofs have recently been replaced and have tons of life on them. The single family home was converted into a duplex. The upstairs unit is a 4 bedroom 3 bathroom with appx 1200 sqft and includes an attached 1 car garage. The basement unit has separate entrance and is a 2 bed 1 bath with appx 1000 sqft. Zoning in this area is corridor mixed use for those who may want a value add opportunity. All units have either a carport or covered garage.

Last Agent to Sell the Property

Jeff Hornberger

The Hornberger Group, LLC License #27912 Listed on: 01/22/2022

Last Buyer's Agent

Steve Jones

Windermere Valley License #121627

Windermere Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,476

Year Built

  • Built in 1953

Lot Details

  • 0.88 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 5,412 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • City Views
  • Basement

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range

Parking

  • 1 Car Attached Garage
  • 3 Carport Spaces

Schools

  • Opportunity Elementary School
  • North Pines Middle School
  • University High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 45164.0589

Community Details

Building Details

  • Insurance Expense $4,260
  • Other Expense $900
  • Water Sewer Expense $6,000

Additional Features

  • 8 Units
  • Building Patio

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,476

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved, Gravel
  • Class: Rental Income
  • Year Built: 1953
  • Style Of Construction: 1 Story
  • Lvt Date: 01/22/2022
  • Common Interest Community: No
  • Geo Address Line: 11906 E Main Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/26/2022 3:05:05 PM
  • Geo Zoom Level: 15
  • Sr High: University
  • Jr High: North Pines
  • Allow Public Comments: No
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 5412
  • Price Per Sq Ft: 92.39
  • Number of Stories: 1
  • Basement: Yes
  • Special Features: Mn Flr Util
  • Design: Rancher
  • Dining Room: Kit Eat Sp
  • Fireplace: Wood
  • Kitchen Appliances: Fr Stnd Rng, Refrig
  • Number of Ranges: 8
  • Number of Refrigerators: 8

Exterior Features

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

Garage/Parking

  • Carport Size: 3
  • Garage Parking: Attached, Carport
  • Garage Size: 1
  • Number Garages: 3
  • Number Carports: 5

Utilities

  • Heating/Cooling: Gas, Elec, Forced Air
  • Power Company: Modern Ele
  • Water Company: Modern Ele

Condo/Co-op/Association

  • Amenities: Patio

Schools

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

Lot Info

  • Acres Mol: 0.88
  • Estimated Lot Sq Ft: 38510
  • Loc Dir E W: E
  • Loc Numberblk E W: 119
  • Lot Information: Level
  • Lot View: City
  • Parcel Number: 45164.0589
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 1
  • Additional Assessor Parcel Numbers: 45164.0588
  • Multiple Parcels: Yes

Tax Info

  • Taxes: 4476.34

Multi Family

  • Number Of Units: 8
  • Number Units A: 6
  • Number Units B: 1
  • Number Units C: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2022
Closed on
Feb 22, 2022
Sold by
Haven Homes Lllp
Bought by
Owens Joe C and Owens Amber L
Seller's Agent
Jeff Hornberger
The Hornberger Group, LLC
Buyer's Agent
Steve Jones
Windermere Valley
List Price
$980,000
Sold Price
$500,000
Premium/Discount to List
-$480,000
-48.98%
Current Estimated Value
$535,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,649
Avg. Annual Appreciation
1.90%
Original Mortgage
$375,000
Outstanding Balance
$348,801
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$186,848

Purchase Details

Closed on
Jan 29, 2019
Sold by
Nw Property Solutions 4 Llc
Bought by
Haven Homes Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2016
Sold by
Nw Reo 1 Llc
Bought by
Nw Property Solutions

Purchase Details

Closed on
Jan 21, 2016
Sold by
Lason Diana J
Bought by
Nw Reo 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2004
Sold by
Manners Pat B and Manners Ruth R
Bought by
Manners Pat B and Manners Ruth R

Purchase Details

Closed on
Aug 12, 1991
Sold by
Hansen Waldo P and Hansen Lovena R
Bought by
Manners Pat B and Manners Ruth R
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
Owens Joe C -- None Listed On Document
Haven Homes Lllp -- First American Title Ins Co
Nw Property Solutions $285,000 First American Title
Nw Reo 1 Llc $190,000 First American Title Ins Co
Lason Diana J -- First American Title Ins Co
Manners Pat B -- --
Manners Pat B $98,848 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owens Joe C $375,000
Previous Owner Haven Homes Lllp $70,000
Previous Owner Nw Reo 1 Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2022 03/07/22 Sold $500,000 -49.0% $92 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/22/2022 01/22/22 For Sale $980,000 -- $181 / 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 $5,151 $476,700 $95,000 $381,700
2024 $5,151 $476,490 $171,990 $304,500
2023 $4,601 $496,790 $171,990 $324,800
2022 $2,117 $461,460 $71,660 $389,800
2021 $3,634 $284,160 $71,660 $212,500
2020 $3,333 $263,960 $71,660 $192,300
2019 $3,174 $262,260 $71,660 $190,600
2018 $2,370 $160,160 $71,660 $88,500
2017 $2,284 $156,860 $71,660 $85,200
2016 $3,026 $204,600 $86,000 $118,600
2015 $3,110 $207,000 $86,000 $121,000
2014 -- $207,540 $81,740 $125,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hornberger

    Seller's Agent in 2022

    Jeff Hornberger

    The Hornberger Group, LLC

    (509) 994-5007

    9 in this area

    148 Total Sales

    Jeff Hornberger
    Section Image
  • Steve Jones

    Buyer's Agent in 2022

    Steve Jones

    Windermere Valley

    (509) 951-9155

    23 in this area

    262 Total Sales

    Steve Jones
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202210653

Spokane Association of REALTORS®

APN: 45164.0589

Washington Spokane County Spokane Valley 99206 Opportunity

11906 E Main Ave Unit 11902, Spokane Valley, WA

This home is located at 11906 E Main Ave Unit 11902, Spokane Valley, WA 99206 since 22 January 2022 and is currently estimated at $535,649, approximately $98 per square foot. This property was built in 1953. 11906 E Main Ave Unit 11902 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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