NOT LISTED FOR SALE

11924 E 2nd Ave Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $589,000 - $639,000

4 Beds
4 Baths
1,972 Sq Ft
$312/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $580,000 $294 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,653/month

37 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Property is Fully Fenced
  • Patio
  • High Speed Internet
  • Level Lot

About This Home

As of May 2023

Fantastic investment opportunity! This modern and sleek 2019 built duplex has 2 beds/2 baths, have their own private outdoor patio, single car garage, and come with all appliances! These low-maintenance duplexes are in an amazing Spokane Valley location with great rents and rental history! All units feature vinyl fencing, air conditioners, and extra storage in the garage. Newer duplexes in this excellent location don't come up often!

Last Agent to Sell the Property

Joel Elgee

Avalon 24 Real Estate License #DB30193 Listed on: 02/14/2023

Last Buyer's Agent

Non-MLS Broker

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,428

Year Built

  • Built in 2019

Lot Details

  • 3,920 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,972 Sq Ft Home
  • Multi-Level Property

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Available
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 45211.3706

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,428

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: MultiFamily
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Directions: From N Pines Rd, right onto Sprague Ave, left on S Union St & left onto E 2nd Ln
  • Architectural Style: Multi Level
  • Year Built: 2019
  • General Property Description:Lot Acres2: 0.09
  • General Property Description:Lot Type 1: Duplex/Multi
  • Legal and Taxes:Zoning2: CMU
  • Legal and Taxes:Tax Year2: 2022
  • Property Subject To:Homeowners Assoc2: No
  • Property Subject To:Flood Zone2: Unknown
  • Road Paved: Yes
  • Water:City5: Yes
  • Sewer:City Sewer: Yes
  • General Property Description:Building Style: Multi Level
  • General Property Description:New Construction: No
  • Foundation:Concrete: Yes
  • Roof:Comp Shingle: Yes
  • Fuel:Gas: Yes
  • General Property Description:Total SqFt2: 1972.0
  • Special Features: None

Interior Features

  • Has Basement: None
  • Basement YN: No
  • Interior Amenities: Cable Internet Available, Cable TV, Central Air, High Speed Internet
  • Living Area: 1972.0
  • ResoLivingAreaSource: Assessor
  • Interior Features:Central Air: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Cable TV: Yes
  • Interior Features:Cable Internet Available: Yes
  • Basement:None2: Yes

Exterior Features

  • Lot Features: Level
  • View: None
  • Construction Type: T1-11, Frame
  • Exterior Features: Curbs, Open Patio, Rain Gutters, Sidewalks, Fencing - Full
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Features:Fencing - Full: Yes
  • Exterior Features:Open Patio: Yes
  • Exterior Features:Rain Gutters: Yes
  • Construction:Frame: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Sidewalks: Yes
  • Exterior Features:Curbs: Yes
  • Exterior:T1-11: Yes

Garage/Parking

  • General Property Description:Garage Stall2: 2 Car

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Utilities Paid By Garbage: Landlord

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Central Valley - 356

Lot Info

  • Lot Size Sq Ft: 3920.4
  • Parcel #: 45211.3706
  • Zoning: CMU

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3428.04
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
May 7, 2023
Sold by
Kandola Sandeep and Kandola Mandeep
Bought by
Kandola Llc
Seller's Agent
Joel Elgee
Avalon 24 Real Estate
Buyer's Agent
Non-MLS Broker
Non-MLS Office
List Price
$585,000
Sold Price
$580,000
Premium/Discount to List
-$5,000
-0.85%
Views
40
Current Estimated Value
$614,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,356
Avg. Annual Appreciation
2.17%
Original Mortgage
$435,000
Outstanding Balance
$422,458
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$191,898

Purchase Details

Listed on
Feb 14, 2023
Closed on
May 1, 2023
Sold by
Whitener Real Estate Llc
Bought by
Kandola Sandeep and Kandola Mandeep
Seller's Agent
Joel Elgee
Avalon 24 Real Estate
Buyer's Agent
Non-MLS Broker
Non-MLS Office
List Price
$585,000
Sold Price
$580,000
Premium/Discount to List
-$5,000
-0.85%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$422,458
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$191,898

Purchase Details

Closed on
Dec 28, 2020
Sold by
Tcf Properties Llc
Bought by
Whitener Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,196,000
Interest Rate
2.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kandola Llc -- None Listed On Document
Kandola Sandeep $580,000 Ticor Title
Whitener Real Estate Llc $1,710,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kandola Sandeep $435,000
Previous Owner Whitener Real Estate Llc $1,196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $580,000 -0.9% $294 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $585,000 -- $297 / Sq Ft
Source: Coeur d'Alene Multiple Listing Service

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 $5,322 $476,600 $90,000 $386,600
2024 $5,322 $494,300 $80,000 $414,300
2023 $3,578 $396,500 $75,000 $321,500
2022 $3,427 $372,200 $56,000 $316,200
2021 $3,286 $262,200 $47,000 $215,200
2020 $209 $16,340 $16,340 $0
Source: Public Records

Agents Affiliated with this Home

  • Joel Elgee

    Seller's Agent in 2023

    Joel Elgee

    Avalon 24 Real Estate

    (509) 868-5264

    14 in this area

    307 Total Sales

    Joel Elgee
    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Broker

    Non-MLS Office

See All Agents

Map

Source: Coeur d'Alene Multiple Listing Service

MLS Number: 23-1004

Coeur d

APN: 45211.3708

Washington Spokane County Spokane Valley 99206 Opportunity

11924 E 2nd Ave, Spokane Valley, WA

Not Listed for Sale

MultiFamily

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