NOT LISTED FOR SALE

1325 S Ferrall St Spokane, WA 99202

Lincoln Heights Neighborhood

Estimated Value: $452,000 - $501,000

4 Beds
3 Baths
3,060 Sq Ft
$156/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $385,000 $126 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,012/month

284 Days on Market

Highlights

  • City View
  • Ranch Style House
  • Fenced Yard
  • Property is near public transit
  • Corner Lot
  • 1 Car Attached Garage

About This Home

As of June 2021

Huge South Hill Daylight Rancher! Awesome Rental Income with 3 bedrooms with 1 non-conforming bedroom, 2 bathrooms upstairs Unit A and 1 bedroom with 1 non-conforming bedroom & 1 bath lower unit B. Fully fenced. both tenants month to month leases 1300 top and 800 bottom. Ready-made income.

Last Agent to Sell the Property

John Guarisco

Windermere Valley Brokerage Phone: 509-220-2000 License #133150 Listed on: 07/20/2020

Last Buyer's Agent

Sheri Schnell

Keller Williams Spokane - Main License #20117728

Keller Williams Spokane - Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,721

Year Built

  • Built in 1956

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Sprinkler System
  • Hillside Location

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Gas Fireplace
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Furnace
  • High Speed Internet

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 35223.3001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,721

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1956
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Sprinkler - Automatic, Hillside, Corner Lot, City Bus (w/in 6 blks)
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: City
  • Reso Association Amenities: High Speed Internet, Laundry
  • Co List Office Mls Id: SAR1061
  • Co List Office Phone: 509-232-0824
  • Attribution Contact: Main: 509-220-2000
  • Co List Office Phone: 509-232-0824
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Fireplace Features: Masonry, Gas, Woodburning Fireplce
  • Reso Structure Type: One Story
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2009

Interior Features

  • Basement: Full, Rec/Family Area, Laundry, Slab, See Remarks
  • Appliances: Built-In Range/Oven, Dishwasher, Refrigerator, Washer, Dryer

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached, Slab/Strip

Utilities

  • Cooling: Central Air
  • Heating: Gas Hot Air Furnace, Forced Air

Lot Info

  • Parcel Number: 35223.3001
  • Lot Size Sq Ft: 10019

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
May 24, 2021
Sold by
Rekasie Chad J
Bought by
Chen Yu and Shelton Jeffrey Conrad
Seller's Agent
John Guarisco
Windermere Valley
Buyer's Agent
Sheri Schnell
Keller Williams Spokane - Main
List Price
$414,500
Sold Price
$385,000
Premium/Discount to List
-$29,500
-7.12%
Current Estimated Value
$474,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,119
Avg. Annual Appreciation
4.67%
Original Mortgage
$288,750
Outstanding Balance
$262,563
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$203,596

Purchase Details

Listed on
Jun 25, 2018
Closed on
Jul 23, 2018
Sold by
Schmidt Michael L and Schmidt Karen K
Bought by
Rekasie Chad J
Seller's Agent
Jonathan Bich
Coldwell Banker Tomlinson
Buyer's Agent
Kathi Pate
Windermere Manito, LLC
List Price
$255,000
Sold Price
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%
Original Mortgage
$240,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2009
Sold by
Dreyer Robert G and Dreyer Sharon M
Bought by
Schmidt Michael L and Schmidt Karen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2001
Sold by
Sturmer Glenn and Sturmer Jean K
Bought by
Dreyer Robert G and Dreyer Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,400
Interest Rate
8.87%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chen Yu $385,000 Vista Title And Escrow Llc
Rekasie Chad J $255,000 County Title Co
Schmidt Michael L $150,000 Pacific Northwest Title
Dreyer Robert G $120,500 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Yu $288,750
Previous Owner Rekasie Chad J $240,000
Previous Owner Schmidt Michael L $153,750
Previous Owner Schmidt Michael L $120,000
Previous Owner Dreyer Robert G $96,400
Closed Dreyer Robert G $24,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $385,000 -7.1% $126 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $414,500 0.0% $135 / Sq Ft
01/03/2021 01/03/21 Pending -- -- --
11/24/2020 11/24/20 Price Changed $414,500 -1.2% $135 / Sq Ft
10/16/2020 10/16/20 For Sale $419,500 0.0% $137 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
09/11/2020 09/11/20 Price Changed $419,500 -3.6% $137 / Sq Ft
07/20/2020 07/20/20 For Sale $435,000 +70.6% $142 / Sq Ft
07/27/2018 07/27/18 Sold $255,000 0.0% $83 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $255,000 -- $83 / 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 $4,721 $476,000 $114,000 $362,000
2024 $4,721 $476,050 $109,250 $366,800
2023 $4,403 $480,650 $99,750 $380,900
2022 $3,710 $450,400 $83,600 $366,800
2021 $3,425 $287,960 $50,160 $237,800
2020 $3,217 $260,500 $41,800 $218,700
2019 $2,917 $243,980 $36,580 $207,400
2018 $2,974 $213,750 $31,350 $182,400
2017 $2,658 $194,550 $31,350 $163,200
2016 $2,536 $181,550 $31,350 $150,200
2015 $2,516 $176,250 $31,350 $144,900
2014 -- $172,750 $31,350 $141,400
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Guarisco

    Seller's Agent in 2021

    John Guarisco

    Windermere Valley

    (509) 220-2000

    6 in this area

    114 Total Sales

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  • S

    Buyer's Agent in 2021

    Sheri Schnell

    Keller Williams Spokane - Main

    Section Image
  • Jonathan Bich

    Seller's Agent in 2018

    Jonathan Bich

    Coldwell Banker Tomlinson

    (509) 475-1035

    3 in this area

    288 Total Sales

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  • Brandon Bich

    Seller Co-Listing Agent in 2018

    Brandon Bich

    Coldwell Banker Tomlinson

    (509) 599-4184

    1 in this area

    14 Total Sales

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  • Kathi Pate

    Buyer's Agent in 2018

    Kathi Pate

    Windermere Manito, LLC

    (509) 701-0998

    4 in this area

    148 Total Sales

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202019053

Spokane Association of REALTORS®

APN: 35223.3001

Washington Spokane County Spokane 99202 Lincoln Heights

1325 S Ferrall St, Spokane, WA

This home is located at 1325 S Ferrall St, Spokane, WA 99202 since 20 July 2020 and is currently estimated at $476,451, approximately $155 per square foot. This property was built in 1956. 1325 S Ferrall St is a home located in Spokane County with nearby schools including Lincoln Heights Elementary School, Chase Middle School, and Ferris 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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