NOT LISTED FOR SALE

14 W 5th St Cheney, WA 99004

Estimated Value: $336,000 - $504,000

3 Beds
2 Baths
2,164 Sq Ft
$178/Sq Ft Est. Value

Last Sold September 29, 2016

Last sale price $170,000 $79 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $2,322/month

70 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Fenced Yard
  • Patio
  • 3-minute walk to Sutton Park

About This Home

As of September 2016

Great brick duplex located just two blocks from Eastern Washington University. This home is in excellent shape and ready to go! 2 bedrooms/1 bathroom upstairs (1,082 sq ft) and 2 bedrooms/1 ba/laundry downstairs (1,082 sq ft). Downstairs unit, 1 bed/1 bath is rented to a church at $400/mo.

Last Agent to Sell the Property

Tom Balderree

Professional Realty Services License #49968 Listed on: 06/22/2016

Professional Realty Services

Last Buyer's Agent

Tracy Adams

Home Sales Spokane License #81043

Home Sales Spokane

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1952

Lot Details

  • 9,000 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Off-Site Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,164 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Dishwasher

Outdoor Features

  • Patio

Schools

  • Cheney Middle School
  • Cheney High School

Utilities

  • Forced Air Heating System
  • Furnace
  • Gas Available
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 13132.6406

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,790

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1952
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Sprinkler - Automatic, Corner Lot
  • Lot Size Acres: 0.21
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Cable TV, Patio, Gas, Laundry
  • Co List Office Phone: 509-489-7000
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Interior Features: Windows Vinyl, Multi Pn Wn
  • Reso Structure Type: One Story
  • Master Plan Zoning: R2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Rec/Family Area, Laundry
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Off Site

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air

Schools

  • Elementary School: Cheney
  • High School: Cheney
  • Middle Or Junior School: Cheney

Lot Info

  • Parcel Number: 13132.6406
  • Lot Size Sq Ft: 9000

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1790
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2016
Closed on
Sep 27, 2016
Sold by
Jasper Frank J and Jasper Patricia B
Bought by
Adams Estates Llc
Seller's Agent
Tom Balderree
Professional Realty Services
Buyer's Agent
Tracy Adams
Home Sales Spokane
List Price
$179,000
Sold Price
$170,000
Premium/Discount to List
-$9,000
-5.03%
Current Estimated Value
$389,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,578
Avg. Annual Appreciation
9.23%
Original Mortgage
$127,500
Outstanding Balance
$102,118
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$284,153

Purchase Details

Closed on
Aug 25, 2005
Sold by
Passey Jared L and Passey Sarah L
Bought by
Jasper Frank J and Jasper Patricia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 3, 1999
Sold by
Lybbert Larry H and Lybbert Ren E
Bought by
Passey Jared L and Passey Sarah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,562
Interest Rate
6.76%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Adams Estates Llc $170,000 First American Title Ins Co
Jasper Frank J $135,000 Spokane County Title Co
Passey Jared L $100,877 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Estates Llc $127,500
Previous Owner Jasper Frank J $121,500
Previous Owner Passey Jared L $99,562
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2016 09/29/16 Sold $170,000 -5.0% $79 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $179,000 -- $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 $3,420 $336,800 $75,000 $261,800
2024 $3,420 $310,100 $75,000 $235,100
2023 $2,450 $274,300 $75,000 $199,300
2022 $2,401 $292,200 $75,000 $217,200
2021 $2,260 $197,400 $31,500 $165,900
2020 $2,201 $180,200 $30,000 $150,200
2019 $1,903 $163,900 $28,000 $135,900
2018 $2,096 $157,200 $28,000 $129,200
2017 $1,817 $150,500 $28,000 $122,500
2016 $1,791 $142,900 $28,000 $114,900
2015 $1,762 $143,000 $28,000 $115,000
2014 -- $143,000 $28,000 $115,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201619931

Spokane Association of REALTORS®

APN: 13132.6406