NOT LISTED FOR SALE

1406 E Olympic Ave Spokane, WA 99207

Whitman Neighborhood

Estimated Value: $399,000 - $465,000

6 Beds
4 Baths
3,408 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $340,000 $100 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,542/month

2 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2021

Great investment opportunity with this side by side duplex just a few blocks North of Rogers High School. The first unit features 3 bedrooms 2 bathrooms with an updated kitchen, living/fam rooms up and down, additional rec room downstairs, and newer furnace. Unit 2 is 3 bed 1.5 bath with updates including vinyl flooring, appliances, and paint. There are two covered parking spaces and 2 uncovered parking spaces with alley access behind the units. This is a well cared for Duplex and is ready to rent.

Last Agent to Sell the Property

Peter Hagen

Synergy Properties Brokerage Phone: 509-850-1900 License #104273 Listed on: 03/27/2021

Synergy Properties

Last Buyer's Agent

Billy Deese

Deese Real Estate License #27657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,944

Year Built

  • Built in 1973

Lot Details

  • 5,950 Sq Ft Lot
  • Level Lot

Home Design

  • 3,408 Sq Ft Home
  • Duplex
  • Ranch Style House

Kitchen

  • Free-Standing Range

Basement

  • Basement Fills Entire Space Under The House
  • Basement with some natural light

Parking

  • 4 Parking Spaces
  • 1 Carport Space
  • Alley Access
  • Off-Site Parking

Schools

  • Gary Middle School
  • Rogers High School

Utilities

  • Forced Air Heating System
  • Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 36333.3409

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,944

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: None
  • Attribution Contact: Phone: 509-850-1900
  • Co List Office Phone: 509-922-3000
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Partially Finished, Daylight, Rec/Family Area, Laundry
  • Appliances: Free-Standing Range, Refrigerator

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Wood

Garage/Parking

  • Parking Features: Carport, Off Site, Alley Access
  • Total Parking Spaces: 4

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air
  • NumberOfRanges: 2

Schools

  • Elementary School: Whitman
  • High School: Rogers
  • Middle Or Junior School: Gary

Lot Info

  • Parcel Number: 36333.3409
  • Lot Size Sq Ft: 5950

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2944

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2021
Closed on
May 5, 2021
Sold by
Kimco Holdings Llc
Bought by
Farrell Patrick
Seller's Agent
Peter Hagen
Synergy Properties
Buyer's Agent
Billy Deese
Deese Real Estate
List Price
$339,000
Sold Price
$340,000
Premium/Discount to List
$1,000
0.29%
Current Estimated Value
$422,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,457
Avg. Annual Appreciation
4.78%
Original Mortgage
$255,000
Outstanding Balance
$231,094
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$191,363

Purchase Details

Listed on
Mar 27, 2021
Closed on
May 3, 2021
Sold by
Farrell Kristin
Bought by
Farrell Patrick
Seller's Agent
Peter Hagen
Synergy Properties
Buyer's Agent
Billy Deese
Deese Real Estate
List Price
$339,000
Sold Price
$340,000
Premium/Discount to List
$1,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Outstanding Balance
$231,094
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$191,363

Purchase Details

Closed on
Sep 23, 2011
Sold by
Kirschner Kimberly K and Johnson Lowell Andrew Joseph
Bought by
Kirschner Kimberly K and Johnson Barbara S

Purchase Details

Closed on
Sep 15, 2011
Sold by
Kirschner Kimberly K
Bought by
Kimco Holdings Llc

Purchase Details

Closed on
Jul 27, 2011
Sold by
Kirschner Kimberly K
Bought by
Kimco Holdings Llc

Purchase Details

Closed on
Jan 16, 2001
Sold by
Homestreet Bank
Bought by
Johnson Lowell and Johnson Barbara

Purchase Details

Closed on
Nov 6, 2000
Sold by
Decubellis Fred J and Decubellis Gloria A
Bought by
Homestreet Bank and Continental Svgs Bank
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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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
Farrell Patrick $340,000 Vista Title & Escrow Llc
Farrell Patrick -- Vista Title & Escrow Llc
Kirschner Kimberly K -- Inland Professional Title Ll
Kimco Holdings Llc -- Accommodation
Kimco Holdings Llc -- Accommodation
Johnson Lowell $51,500 First American Title Ins
Homestreet Bank $99,381 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrell Patrick $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2021 05/06/21 Sold $340,000 +0.3% $100 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $339,000 -- $99 / 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 $3,937 $361,000 $75,000 $286,000
2024 $3,937 $396,800 $65,000 $331,800
2023 $4,079 $427,100 $70,000 $357,100
2022 $3,446 $417,100 $60,000 $357,100
2021 $2,945 $247,400 $35,000 $212,400
2020 $2,518 $203,700 $28,000 $175,700
2019 $2,132 $178,200 $22,500 $155,700
2018 $2,262 $162,500 $20,000 $142,500
2017 $1,837 $134,300 $20,000 $114,300
2016 $1,726 $123,400 $20,000 $103,400
2015 $1,628 $113,900 $20,000 $93,900
2014 -- $107,600 $20,000 $87,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Peter Hagen

    Synergy Properties

    Section Image
  • Billy Deese

    Buyer's Agent in 2021

    Billy Deese

    Deese Real Estate

    (509) 590-5603

    5 in this area

    83 Total Sales

    Billy Deese
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202113200

Spokane Association of REALTORS®

APN: 36333.3409

Washington Spokane County Spokane 99207 Whitman

1406 E Olympic Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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