NOT LISTED FOR SALE

14713 E Mission Ave Unit 14715 E Mission Spokane Valley, WA 99216

Estimated Value: $547,000 - $609,000

10 Beds
4 Baths
3,800 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $590,000 $155 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,546/month

27 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Cooling System Mounted In Outer Wall Opening
  • Den
  • Building Patio
  • Dining Room

About This Home

As of July 2023

Welcome to the Spokane Valley's finest income property! This spacious duplex, conveniently located on a bus route and near shopping, offers a remarkable investment opportunity. Boasting an impressive size that surpasses typical duplexes in the area, each unit features 5 bedrooms, 2 bathrooms, and a generous 1,900 square feet of living space. The current tenants have taken exceptional care of the recently renovated property. The modern updates enhance the overall appeal and ensure a contemporary living experience. Nestled on a large lot, this duplex provides ample outdoor space accessible via walkout basements for relaxation and recreation. Additionally, each unit has the convenience of a private 1-car garage that leads into the kitchen. Each garage opens electrically for easy access. Parking will never be an issue, as multiple off-street spaces are available for both tenants and their guests. The property has a strong capitalization rate, even after accounting for professional management fees.

Last Agent to Sell the Property

Aaron Lennon

Coldwell Banker Tomlinson License #108877 Listed on: 05/29/2023

Last Buyer's Agent

Matt Brunner

REAL Broker LLC License #97277

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,531

Year Built

  • Built in 1977

Lot Details

  • 0.42 Acre Lot
  • Back Yard Fenced

Home Design

  • Ranch Style House
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 3,800 Sq Ft Home
  • Dining Room
  • Den

Kitchen

  • Built-In Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Schools

  • Progress Elementary School
  • North Pines Middle School
  • Central Valley High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • 200+ Amp Service
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 45141.0912

Community Details

Overview

  • 2 Units

Amenities

  • Building Patio
  • Community Deck or Porch

Building Details

  • Insurance Expense $1,500
  • Other Expense $4,500
  • Water Sewer Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,531

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd
  • Class: Rental Income
  • Year Built: 1977
  • Style Of Construction: 1 Story
  • Lvt Date: 05/29/2023
  • Common Interest Community: No
  • Geo Address Line: 14713 E Mission Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 5/30/2023 5:50:02 PM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Year Renovated: 2023
  • Jr High: North Pines
  • Allow Public Comments: Yes
  • High Speed Internet Avail: Yes
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 3800
  • Price Per Sq Ft: 155.26
  • Basement: Full
  • Special Features: Alum Wn Fr, Vinyl Wn Fr
  • Design: Rancher
  • Dining Room: Informal
  • Family/Recreation Room: Bsmt, 1st Flr, Den or Office
  • Features: 200 AMP
  • Kitchen Appliances: Blt in R/O, Fr Stnd Rng, D/W, Refrig, Disposal, Microwave
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: T-111
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, Off St Prkg
  • Garage Size: 2
  • Number Garages: 2
  • Number Parking Spaces: 4

Utilities

  • Heating/Cooling: Elec, Basebd, Wind A/C, Wall A/C
  • Power Company: Avista
  • Water Company: Vera

Condo/Co-op/Association

  • Amenities: Cable TV, Deck, Patio, Cable Internet, DSL

Schools

  • School District: Central Valley
  • Elementary School: Progress

Lot Info

  • Acres Mol: 0.42
  • Estimated Lot Sq Ft: 18295
  • Loc Dir E W: E
  • Loc Numberblk E W: 147
  • Lot Information: Fncd Bk Yd
  • Parcel Number: 45141.0912
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 15
  • Multiple Parcels: No

Tax Info

  • Taxes: 4531

Multi Family

  • Number Of Units: 2
  • Number Units A: 1
  • Number Units B: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2023
Closed on
Jul 31, 2023
Sold by
Thomson Christopher and Thomson Jessica A
Bought by
Cosby Stephanie and Hutchinson Steven
Seller's Agent
Aaron Lennon
Coldwell Banker Tomlinson
Buyer's Agent
Matt Brunner
REAL Broker LLC
List Price
$615,000
Sold Price
$590,000
Premium/Discount to List
-$25,000
-4.07%
Views
83
Current Estimated Value
$582,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,825
Avg. Annual Appreciation
-0.59%
Original Mortgage
$579,313
Outstanding Balance
$565,815
Interest Rate
6.69%
Mortgage Type
FHA
Estimated Equity
$16,360

Purchase Details

Closed on
Apr 25, 2013
Sold by
Sanders Roger K and Sanders Pamela J
Bought by
Thomson Christopher and Thomson Jessica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,252
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 2003
Sold by
Sanders Pamela
Bought by
Sanders Roger K and Sanders Pamela J

Purchase Details

Closed on
Dec 10, 2002
Sold by
Sanders Pamela Hoitink
Bought by
Sanders Pamela
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
Cosby Stephanie $590,000 Ticor Title
Thomson Christopher $234,780 First American Title Ins Co
Sanders Roger K -- First American Title Ins Co
Sanders Pamela -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cosby Stephanie $579,313
Previous Owner Thomson Christopher $230,252
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $590,000 -4.1% $155 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $615,000 0.0% $162 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/29/2023 05/29/23 For Sale $615,000 -- $162 / 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 $5,918 $552,500 $93,500 $459,000
2024 $5,918 $551,400 $82,500 $468,900
2023 $4,531 $510,800 $77,000 $433,800
2022 $4,177 $468,040 $64,840 $403,200
2021 $4,112 $327,690 $42,390 $285,300
2020 $3,456 $278,810 $37,910 $240,900
2019 $3,004 $252,520 $33,920 $218,600
2018 $3,157 $220,620 $33,920 $186,700
2017 $3,097 $220,420 $33,920 $186,500
2016 $3,098 $213,720 $31,920 $181,800
2015 $2,985 $202,220 $31,920 $170,300
2014 -- $165,930 $29,930 $136,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Aaron Lennon

    Seller's Agent in 2023

    Aaron Lennon

    Coldwell Banker Tomlinson

    (509) 869-2613

    4 in this area

    74 Total Sales

    Aaron Lennon
    Section Image
  • Matt Brunner

    Buyer's Agent in 2023

    Matt Brunner

    REAL Broker LLC

    (509) 217-7444

    3 in this area

    115 Total Sales

    Matt Brunner
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202316227

Spokane Association of REALTORS®

APN: 45141.0912

Washington Spokane County Spokane Valley 99216

14713 E Mission Ave Unit 14715 E Mission, Spokane Valley, WA

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