NOT LISTED FOR SALE

1501 - 1524 E Metler Ln Spokane, WA 99218

Estimated Value: $625,926 - $702,000

3 Beds
2 Baths
-- Sq Ft
1.8 Acres

Last Sold May 18, 2022

Last sale price $5,150,000

Current estimated payment $4,344/month

7 Days on Market

Highlights

  • 2 Car Attached Garage
  • Eat-In Kitchen
  • Walk-In Closet
  • Farwell Elementary School Rated A-
  • Building Patio
  • Central Air

About This Home

As of May 2022

Investment opportunity! 100% occupied, 6 new construction duplexes in Mead School District in growing Spokane, WA. These new construction homes offer an open floor plan for social gatherings, along with the latest features and amenities in every room. Each home is 1,500 square feet with 3 spacious bedrooms, 1 guest bathroom, and a luxurious master en-suite bathroom. Beautiful LVP hardwood flooring and no steps throughout the home. No detail was overlooked with the beautiful quartz countertops, stainless steel appliances, soft-close cabinetry, and modern lighting throughout. Room to move rents! Please do NOT disturb tenants.

Last Agent to Sell the Property

Jordan Tampien

4 Degrees Real Estate License #25708 Listed on: 03/28/2022

4 Degrees Real Estate

Last Buyer's Agent

Jodi Long

eXp Realty, LLC License #110670

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,379

Year Built

  • Built in 2020

Lot Details

  • 1.8 Acre Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • 200+ Amp Service

Community Details

  • 12 Units
  • Building Patio

Listing and Financial Details

  • Assessor Parcel Number 36092.1103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,379

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 2020
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 03/28/2022
  • Common Interest Community: No
  • Geo Address Line: 1501 E Metler Ln # 1524
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 3/29/2022 5:22:06 AM
  • Geo Zoom Level: 15
  • Allow Public Comments: No
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Number of Stories: 1
  • Basement: Slab
  • Special Features: Mn Flr Util, Vinyl Wn Fr
  • Design: Rancher
  • Dining Room: Kit Eat Sp
  • Family/Recreation Room: 1st Flr
  • Features: 200 AMP
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig
  • Primary Bedroom: Wlkin Clst, Full Bath
  • Number of Ranges: 12
  • Number of Refrigerators: 12

Exterior Features

  • Exterior: Fiber Cement
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, Off St Prkg
  • Garage Size: 2
  • Number Garages: 12

Utilities

  • Heating/Cooling: Gas, Elec, Cent A/C

Condo/Co-op/Association

  • Amenities: Patio

Schools

  • School District: Mead
  • School District: Mead

Lot Info

  • Acres Mol: 1.8
  • Estimated Lot Sq Ft: 78408
  • Lot Information: Spr Sys, Level
  • Parcel Number: 36092.1103
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Additional Assessor Parcel Numbers: 36092.1104, 36092.1105, 36092.1106, 36092.1102, 36092.1101
  • Multiple Parcels: Yes

Multi Family

  • Number Air Cond: 12
  • Number Of Units: 12
  • Number Units A: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Edmonds Vista Llc and Edmonds Square Llc
Bought by
Edmonds Square Llc
Total Days on Market
7
Current Estimated Value
$678,982

Purchase Details

Listed on
Mar 28, 2022
Closed on
May 18, 2022
Sold by
Catchers Grove Llc
Bought by
Edmonds Vista Llc and Edmonds Square Llc
Seller's Agent
Jordan Tampien
4 Degrees Real Estate
Buyer's Agent
Jodi Long
eXp Realty, LLC
List Price
$4,800,000
Sold Price
$5,150,000
Premium/Discount to List
$350,000
7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-48.77%
Original Mortgage
$2,465,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2019
Sold by
Farr Krista and Farr Aaron
Bought by
Catchers Grove Llc
Source: Public Records

Similar Homes in Spokane, WA

  • 9104 N Wall St Unit 9106 N Wall St, Spokane, WA 99218

    $535,000

    • 6 Beds
    • 2 Baths
    • 9104 N Wall St
    • Unit 9106 N Wall St
    • Spokane, WA

    Just minutes from Whitworth University, this spacious duplex sits on a large lot, presenting a prime investment opportunity. With private entrances and separate garages, this property has original charms, like woodburning fireplaces and midcentury touches. It offers a durable brick exterior and a highly functional layout, making it an excellent candidate for modern updates too. Each unit features

    Isaac Lanctot Heart and Homes NW Realty

    Section Image
  • 1324 W Dalke Ave, Spokane, WA 99205

    $539,900

    • 4 Beds
    • 3 Baths
    • 1,694 Sq Ft
    • 1324 W Dalke Ave
    • Spokane, WA

    Under construction! This is the best priced new construction duplex you’ll find in the region, and it’s located in a quiet & pleasant northwest Spokane neighborhood. Perfect if you’re looking a turn key, low maintenance investment at a great entry price. This single-story duplex offers two distinct units which provides great diversification on your investment: a 3 bed / 2 bath unit in the front;

    Erik Dordal Windermere City Group

    Section Image
  • 5201 E Upriver Dr, Spokane, WA 99217

    $539,000

    • 4 Beds
    • 2 Baths
    • 3,114 Sq Ft
    • 5201 E Upriver Dr
    • Spokane, WA

    Beautiful views from this 2016 two story duplex nestled just across the street from the banks of the Spokane River. Centrally located in Spokane Valley and right on the Centennial Trail at Upriver drive. This 4 bedroom 2 bathroom (2/1 on each site) townhouse-styled duplex offers an open floor plan, large kitchen with tons of storage, main floor washer/dryer and attached oversized one car garage

    Chris Nye MLS4owners.com

    Section Image
  • 1004 E Mission Ave, Spokane, WA 99202

    $600,000

    • 7 Beds
    • 3 Baths
    • 4,162 Sq Ft
    • 1004 E Mission Ave
    • Spokane, WA

    Price Reduction! MUST SEE-Money-Making Home. This beautiful, spacious & unique 1907 Victorian style home, corner lot in the desirable GU district. Perfect to LIVE IN & rent out 2 available units. Enjoy the beautiful woodwork, staircase, stained-glass windows & front porch. It has 7 bedrooms, 4 baths, 3 kitchens. The upstairs has 2 bedrooms, 1 shared bath and a café room, rented out as Airbnb. 1

    Katy Azar Designed Real Estate

    Section Image
  • 918 E Mission Ave, Spokane, WA 99202

    $650,000

    • 9 Beds
    • 3 Baths
    • 3,988 Sq Ft
    • 918 E Mission Ave
    • Spokane, WA

    The perfect rental just blocks from Gonzaga University. Located in the Hamilton corridor and zoned commercial allows for a multitude of uses including multi-family and commercial...the sky's the limit! Currently a 9 bedroom student rental house. Was previously a duplex so this home has 2 furnaces, 2 a/c units, 2 kitchens, 2 w/d hookups, plus lots of elbow room for tenants, tons of parking (font

    Bryan Swanson Keller Williams Spokane - Main

    Section Image
  • 2514 E Hartson Ave, Spokane, WA 99202

    $520,000

    • 6 Beds
    • 2 Baths
    • 2,160 Sq Ft
    • 2514 E Hartson Ave
    • Spokane, WA

    Duplex with a great rental history. $3700/mo rental income! 3 Bedroom - 1 Bath each side with 1 car garage w/ openers and alley access for each unit. Nice size rooms, living and kitchen are very open with lots of room. New water heater in each unit, newer interior paint and floorings in each unit too! Live in one unit and rent out the other side to make your mortgage payment lower. Central

    Seth Maefsky Keller Williams Realty Coeur d

    Section Image
  • 716 S Lincoln Place, Spokane, WA 99204

    $520,000

    • 5 Beds
    • 3 Baths
    • 3,469 Sq Ft
    • 716 S Lincoln Place
    • Spokane, WA

    Nestled in the desirable South Hill neighborhood, this triplex offers an exceptional investment opportunity! Its prime location is just behind the area's major hospitals, stores, and restaurants. This well-maintained property features separate entrances, perfect for multi-generational living or rental income opportunities. Each unit has been renovated with newer electric wiring throughout. 2

    Miki Peck Windermere Manito, LLC

    Section Image
  • 1725 E 13th Ave, Spokane, WA 99202

    $530,000

    • 6 Beds
    • 2 Baths
    • 2,574 Sq Ft
    • 1725 E 13th Ave
    • Spokane, WA

    Opportunity to purchase a well-maintained, prime value-add opportunity in Spokane's South Perry District. With each duplex unit featuring large unit layouts with in-unit laundry and carport parking, this is a great investment opportunity for both owner-user and investment buyers. Additionally, buyers have the opportunity to make this a portfolio purchase with the seller's duplexes located at 9724

    Max Frame Kidder Mathews

    Section Image
  • 807 W 12th Ave, Spokane, WA 99204

    $530,000

    • 5 Beds
    • 2 Baths
    • 807 W 12th Ave
    • Spokane, WA

    Potential owner occupied, rental income, in-law set up, or use it as one big home...so many possibilities. Three blocks to Huckleberry's, a block from the bus line, a minute to downtown, and a few blocks from Cliff Park. The location couldn't be better! Remodeled in 2018, this home is dialed in and ready for you to call it home. Box beams and beautiful hard wood floors on the main level. The

    Chris Zeller Windermere North

    Section Image
See All Homes in Spokane

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Edmonds Square Llc $313 None Listed On Document
Edmonds Vista Llc -- First American Title
Catchers Grove Llc $141,180 First American Title Ins Co
Farr Krista -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edmonds Vista Llc $2,465,000
Previous Owner Catches Grove Llc $2,602,500
Previous Owner Catchers Grove Llc $1,833,000
Previous Owner Catchers Grove Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2022 05/18/22 Sold $5,150,000 +7.3% --
04/04/2022 04/04/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $4,800,000 -- --
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
2024 $6,379 $621,900 $100,000 $521,900
2023 $5,801 $621,900 $100,000 $521,900
2022 $5,696 $621,400 $85,000 $536,400
2021 $5,131 $444,200 $60,000 $384,200
2020 $685 $55,000 $55,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Tampien

    Seller's Agent in 2022

    Jordan Tampien

    4 Degrees Real Estate

    (509) 499-2231

    53 Total Sales

    Section Image
  • Jodi Long

    Buyer's Agent in 2022

    Jodi Long

    eXp Realty, LLC

    (509) 217-9564

    57 Total Sales

    Jodi Long
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202212980

Spokane Association of REALTORS®

APN: 36092.1103

Washington Spokane County Spokane 99218

1501 - 1524 E Metler Ln, Spokane, WA

This home is located at 1501 - 1524 E Metler Ln, Spokane, WA 99218 since 28 March 2022 and is currently estimated at $678,982. This property was built in 2020. 1501 - 1524 E Metler Ln is a home located in Spokane County with nearby schools including Farwell Elementary School, Northwood Middle School, and Mead Senior 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.

Nearby Homes