NOT LISTED FOR SALE

1503 W 7th Ave Spokane, WA 99204

Cliff-Cannon Neighborhood

Estimated Value: $572,000 - $791,000

4 Beds
4 Baths
3,945 Sq Ft
$172/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $590,000 $150 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,050/month

112 Days on Market

Highlights

  • City View
  • Victorian Architecture
  • Fenced Yard
  • Sacajawea Middle School Rated A-
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of April 2021

Investor Alert! Property is currently leased out on the 2 main floors with Real Estate tenants and has 2 Airbnb’s that have stayed consistent through Covid-19. Management of the 2 Airbnb’s can continue or be taken over. Tenants are NNN at $1,600/month and the attic Airbnb averages $1400 gross as well. Both tenants can remain or move out for an owner/occupy situation.

Last Agent to Sell the Property

Danny Patterson

Synergy Properties License #114652 Listed on: 09/15/2020

Last Buyer's Agent

Nicholas Portrey

4 Degrees Real Estate License #137386

4 Degrees Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,695

Year Built

  • Built in 1902

Lot Details

  • 7,100 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Open Lot
  • Sprinkler System
  • Hillside Location
  • Landscaped with Trees

Parking

  • 1 Car Detached Garage
  • Off-Site Parking

Home Design

  • Quadruplex
  • Victorian Architecture
  • Vinyl Siding

Interior Spaces

  • 3,945 Sq Ft Home
  • 3-Story Property
  • Self Contained Fireplace Unit Or Insert
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

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

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Halls are 32 inches wide or more
  • Doors are 32 inches wide or more
  • Ramp on the main level

Outdoor Features

  • Patio

Schools

  • Sacajawea Middle School
  • Lewis & Clark High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Furnace
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25244.3401

Community Details

Overview

  • 4 Units

Amenities

  • Community Deck or Porch
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,695

Year Built

Built in 1902

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1902
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Sprinkler - Automatic, Treed, Open Lot, Hillside, Corner Lot
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: City
  • Reso Association Amenities: Cable TV, Deck, Patio, High Speed Internet, Laundry
  • Co List Office Phone: 509-624-4400
  • MLS Status: Sold
  • Reso Accessibility Features: Door Width 32 Inches or More, Hallways 32+, Ramp - Main Level
  • Architectural Style: Victorian
  • Reso Fireplace Features: Insert
  • Reso Structure Type: Four Level
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Rec/Family Area, Laundry, Walk-Out Access
  • Appliances: Built-In Range/Oven, Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer
  • Basement YN: Yes
  • Stories: 3

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Site
  • Total Parking Spaces: 2400

Utilities

  • Heating: Gas Hot Air Furnace, Electric, Ductless

Schools

  • Elementary School: Roosevelt
  • High School: Lewis & Clark
  • Middle Or Junior School: Sacajawea

Lot Info

  • Parcel Number: 25244.3401
  • Lot Size Sq Ft: 7100

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3695
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Apr 8, 2021
Sold by
Team American Ada Llc
Bought by
Gaglia Aaron C and Thomas Michelle V
Seller's Agent
Danny Patterson
Synergy Properties
Buyer's Agent
Nicholas Portrey
4 Degrees Real Estate
List Price
$625,000
Sold Price
$590,000
Premium/Discount to List
-$35,000
-5.6%
Current Estimated Value
$677,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,364
Avg. Annual Appreciation
2.95%
Original Mortgage
$570,308
Outstanding Balance
$514,919
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$162,445

Purchase Details

Closed on
Oct 8, 2019
Sold by
Stanzak David P and Stanzak Margo L
Bought by
Team Americanada Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 1997
Sold by
Portrey Robert C and Portrey Esther M
Bought by
Stanzak David P and Dalager Margo L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,959
Interest Rate
7.63%
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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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
Gaglia Aaron C $590,000 Nextitle
Team Americanada Llc $325,000 First American Title Ins Co
Stanzak David P $125,000 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaglia Aaron C $570,308
Previous Owner Team Americanada Llc $291,000
Previous Owner Stanzak David P $123,959
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2021 04/15/21 Sold $590,000 -5.6% $150 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $625,000 +5.9% $158 / Sq Ft
12/31/2020 12/31/20 Off Market $590,000 -- --
11/03/2020 11/03/20 Price Changed $625,000 -3.7% $158 / Sq Ft
09/15/2020 09/15/20 For Sale $649,000 -- $165 / 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 $6,099 $602,700 $105,000 $497,700
2024 $6,099 $615,300 $90,000 $525,300
2023 $6,350 $639,700 $90,000 $549,700
2022 $6,134 $650,000 $90,000 $560,000
2021 $3,755 $315,750 $39,050 $276,700
2020 $3,695 $299,350 $39,050 $260,300
2019 $3,509 $293,650 $39,050 $254,600
2018 $2,866 $205,950 $39,050 $166,900
2017 $2,762 $202,150 $39,050 $163,100
2016 $2,635 $188,650 $39,050 $149,600
2015 $2,693 $188,650 $39,050 $149,600
2014 -- $188,650 $39,050 $149,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Danny Patterson

    Synergy Properties

    Section Image

  • N

    Buyer's Agent in 2021

    Nicholas Portrey

    4 Degrees Real Estate

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202022181

Spokane Association of REALTORS®

APN: 25244.3401

Washington Spokane County Spokane 99204 Cliff-Cannon

1503 W 7th Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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