NOT LISTED FOR SALE

12515 NE Newman Lake Dr Unit 12515 NE Newman Lake Newman Lake, WA 99025

Estimated Value: $907,182

2 Beds
3 Baths
1,534 Sq Ft
$591/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $1,235,000 $805 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $5,763/month

31 Days on Market

Highlights

  • Beach Front
  • Boat Ramp
  • RV Access or Parking
  • Guest House
  • Boat Slip
  • A-Frame Home

About This Home

As of November 2023

Welcome to The Landing, one of the best known and loved spots on Newman Lake! Don't miss the chance to cash flow multiple revenue streams AND/OR live on the property and enjoy incredible views and hundreds of feet of Newman Lake waterfront! With a beautifully updated short term rental, a manufactured home, RV parking spots, a 30 slip dock AND an upstairs area ready to be used as your home, second rental or a store/restaurant, this property has it all! Come and tour your new home or put on your investor hat and count the ways to profit from this amazing opportunity.

Last Agent to Sell the Property

Thomas Curran

Tomlinson Sotheby's Intrntl RE License #21030907 Listed on: 09/25/2023

Tomlinson Sotheby's Intrntl RE

Last Buyer's Agent

MISC MISC

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,319

Year Built

  • Built in 1943

Lot Details

  • 1.34 Acre Lot
  • Beach Front
  • Lake Front
  • Oversized Lot
  • Level Lot
  • Property is zoned RCV

Parking

  • RV Access or Parking

Property Views

  • Water
  • Mountain

Home Design

  • A-Frame Home
  • Metal Roof
  • Cedar Siding

Interior Spaces

  • 1,534 Sq Ft Home
  • 2-Story Property

Kitchen

  • Free-Standing Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement
  • Basement with some natural light

Outdoor Features

  • Boat Ramp
  • Boat Slip
  • Storage Shed

Additional Homes

  • Guest House

Schools

  • East Farms Elementary School
  • East Valley Middle School
  • East Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 56112.0210

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,319

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Sub Type: Res/Site Blt
  • Access: Pub Rd, Paved
  • Class: Residential
  • Style Of Construction: 2 Story
  • Year Built: 1943
  • Zone: RCV
  • Lvt Date: 09/25/2023
  • Common Interest Community: No
  • Geo Address Line: 12515 N East Newman Lake Dr
  • Geo Primary City: Newman Lake
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/25/2023 8:06:55 PM
  • Geo Zoom Level: 15
  • Sr High: East Valley
  • Year Renovated: 2018
  • Jr High: East Valley
  • Allow Public Comments: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 1534
  • Price Per Sq Ft: 805.08
  • Bathrooms: 3
  • Bedrooms: 2
  • Estimated First Floor Sq Ft: 784
  • First Floor Bathrooms: 1
  • First Floor Family Room: 1
  • Basement: Full, Finished, Daylight, Lndry, Outside Entr
  • Estimated Basement Sq Ft: 750
  • Basement: Yes
  • Basement Bedrooms: 2
  • Basement Bathrooms: 2
  • Basement Family Room: 1
  • Design: A Frame
  • Features: 200 AMP
  • Kitchen Appliances: Fr Stnd Rng, Refrig, Kit Island, Washer, Dryer
  • Number of Family Rooms: 2

Exterior Features

  • Body of Water Name: Newman Lk
  • Exterior: Cedar
  • Frontage: Primary
  • Out Buildings: Stge Shd, Guest House
  • Roof: Metal
  • Waterfront Property: Lake Frt, Beach, Boat Slip, Boat Ramp

Garage/Parking

  • Garage Parking: Slab, RV Parking
  • Garage Size: 0

Utilities

  • Heating/Cooling: Elec, Forced Air, Cent A/C

Schools

  • School District: East Valley
  • Elementary School: East Farms
  • Middle School: East Valley
  • High School: East Valley
  • School District: East Valley
  • Elementary School: East Farms

Lot Info

  • Acres Mol: 1.34
  • Estimated Lot Sq Ft: 58389
  • Lot Information: View, Level, Oversized
  • Lot View: Mountain, Water
  • Parcel Number: 56112.0210
  • Site Improvements: Septic Sys, Well Installed, Pvt Wtr

Tax Info

  • Taxes: 5319

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Nov 14, 2023
Sold by
Resort At Newman Lake Llc
Bought by
Flatz Properties Llc
Seller's Agent
Thomas Curran
Tomlinson Sotheby's Intrntl RE
Buyer's Agent
MISC MISC
NON MLS
List Price
$1,294,000
Sold Price
$1,235,000
Premium/Discount to List
-$59,000
-4.56%
Views
62
Current Estimated Value
$907,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$327,818
Original Mortgage
$765,000
Outstanding Balance
$753,243
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2018
Sold by
Newman Lake Resort & Marina Llc
Bought by
Reosort At Newman Laek Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 2007
Sold by
Owen Delbert W and Owen Debra Lynn
Bought by
Newman Lake Resort & Marina Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2004
Sold by
Osborne John W
Bought by
Osborne Clare M

Purchase Details

Closed on
Sep 8, 1999
Sold by
Osborne John W and Osborne Clare M
Bought by
Owen Delbert W and Owen Debra Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 16, 1978
Sold by
Sykes Cedric M and Sykes Ruth L
Bought by
Osborne John W and Osborne Clare M
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
Flatz Properties Llc $1,235,000 First American Title Insurance
Reosort At Newman Laek Llc $515,000 Vista Title And Escrow Llc
Newman Lake Resort & Marina Llc -- First American Title Ins Co
Osborne Clare M -- --
Owen Delbert W -- Pioneer Title Company
Osborne John W -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flatz Properties Llc $765,000
Previous Owner Reosort At Newman Laek Llc $384,000
Previous Owner Resort At Newman Lake Llc $384,000
Previous Owner Newman Lake Resort And Marina Llc $250,000
Previous Owner Newman Lake Resort & Marina Llc $350,000
Previous Owner Owen Delbert W $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $1,235,000 -4.6% $805 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $1,294,000 -- $844 / 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 $9,945 $1,048,400 $900,000 $148,400
2024 $9,945 $1,111,500 $900,000 $211,500
2023 $5,319 $576,020 $408,720 $167,300
2022 $6,117 $546,830 $379,530 $167,300
2021 $6,341 $500,730 $379,530 $121,200
2020 $6,507 $488,130 $379,530 $108,600
2019 $5,947 $443,630 $350,330 $93,300
2018 $6,479 $443,300 $350,000 $93,300
2017 $7,712 $542,420 $408,720 $133,700
2016 $7,499 $529,720 $408,720 $121,000
2015 $7,795 $534,020 $408,720 $125,300
2014 -- $546,220 $408,720 $137,500
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Curran

    Seller's Agent in 2023

    Thomas Curran

    Tomlinson Sotheby's Intrntl RE

    (253) 797-7801

    48 Total Sales

    Thomas Curran
    Section Image

  • M

    Buyer's Agent in 2023

    MISC MISC

    NON MLS

See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202322362

Spokane Association of REALTORS®

APN: 56112.0210

Washington Spokane County Newman Lake 99025

12515 NE Newman Lake Dr Unit 12515 NE Newman Lake, Newman Lake, WA

This home is located at 12515 NE Newman Lake Dr Unit 12515 NE Newman Lake, Newman Lake, WA 99025 since 25 September 2023 and is currently estimated at $907,182, approximately $591 per square foot. This property was built in 1943. 12515 NE Newman Lake Dr Unit 12515 NE Newman Lake is a home located in Spokane County with nearby schools including East Farms School, East Valley Middle School, and East Valley High School & Extension.

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.

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