NOT LISTED FOR SALE

1511 S University Rd Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $368,932 - $403,000

5 Beds
3 Baths
2,540 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $135,000 $53 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $2,386/month

176 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Wood Burning Fireplace
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of July 2014

1960 Built Duplex right in the heart of Spokane Valley. Close to everything -- including right on a bus route. 1511 is a 2BD/1BA unit with a 1 car garage. Tenant is moving out end of July. 1513 has had the same tenant for 15 years. #BD/1.5BA + 2 car garage. Exterior paint 2 years ago. Gas Furnace with CAC. Strong rental history.

Last Agent to Sell the Property

Mary Butler

Professional Realty Services License #81239 Listed on: 01/06/2014

Professional Realty Services

Last Buyer's Agent

Brandon Marchand

Keller Williams Spokane - Main License #23628

Keller Williams Spokane - Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,750

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced Yard
  • Sprinkler System

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Free-Standing Range
  • Partially Finished Basement

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Furnace

Community Details

  • 2 Units
  • Water Sewer Expense $1,110

Listing and Financial Details

  • Assessor Parcel Number 45213.9213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,750

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1960
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Sprinkler - Automatic, City Bus (w/in 6 blks)
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: None
  • Co List Office Phone: 509-535-8400
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Fireplace Features: Woodburning Fireplce
  • Reso Structure Type: One Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Partially Finished
  • Appliances: Free-Standing Range, Refrigerator
  • Basement YN: Yes
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 1110

Lot Info

  • Parcel Number: 45213.9213
  • Lot Size Sq Ft: 10019

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2750
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2014
Closed on
Jun 25, 2014
Sold by
Boswell Noel
Bought by
Bingaman David
Seller's Agent
Mary Butler
Professional Realty Services
Buyer's Agent
Brandon Marchand
Keller Williams Spokane - Main
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Current Estimated Value
$387,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,983
Avg. Annual Appreciation
9.79%
Original Mortgage
$100,912
Outstanding Balance
$76,894
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$311,089

Purchase Details

Closed on
Apr 28, 2008
Sold by
Boswell John
Bought by
Boswell Noel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,688
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2005
Sold by
Christopher Jeffrey and Christopher Jeffrey W
Bought by
Christopher Jeffrey and Christopher Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 18, 2003
Sold by
Christopher Jennifer
Bought by
Christopher Jeffrey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bingaman David $135,000 First American Title Ins Co
Boswell Noel -- Pacific Nw Title
Boswell Noel $166,320 Pacific Nw Title
Christopher Jeffrey -- Spokane County Title Co
Christopher Jeffrey W -- Transnation Title Insurance
Christopher Jeffrey W $113,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bingaman David $100,912
Previous Owner Boswell Noel $149,688
Previous Owner Christopher Jeffrey $115,000
Previous Owner Christopher Jeffrey W $90,400
Closed Christopher Jeffrey W $22,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2014 07/01/14 Sold $135,000 -3.6% $53 / Sq Ft
07/01/2014 07/01/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $140,000 -- $55 / 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 $3,951 $347,300 $90,000 $257,300
2024 $3,951 $308,700 $85,000 $223,700
2023 $2,996 $277,900 $80,000 $197,900
2022 $2,607 $243,200 $56,000 $187,200
2021 $2,919 $184,600 $42,000 $142,600
2020 $2,672 $167,200 $37,800 $129,400
2019 $2,226 $161,600 $40,000 $121,600
2018 $2,401 $147,500 $30,000 $117,500
2017 $2,514 $139,300 $30,000 $109,300
2016 $2,463 $133,100 $30,000 $103,100
2015 $2,623 $149,200 $30,000 $119,200
2014 -- $142,200 $30,000 $112,200
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Butler

    Seller's Agent in 2014

    Mary Butler

    Professional Realty Services

    (509) 362-3362

    2 in this area

    36 Total Sales

    Mary Butler
    Section Image
  • Brandon Marchand

    Buyer's Agent in 2014

    Brandon Marchand

    Keller Williams Spokane - Main

    (509) 991-6146

    19 in this area

    489 Total Sales

    Brandon Marchand
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201410429

Spokane Association of REALTORS®

APN: 45213.9213

Washington Spokane County Spokane Valley 99206 Opportunity

1511 S University Rd, Spokane Valley, WA

This home is located at 1511 S University Rd, Spokane Valley, WA 99206 since 06 January 2014 and is currently estimated at $387,983, approximately $152 per square foot. This property was built in 1960. 1511 S University Rd is a home located in Spokane County with nearby schools including University Elementary School, Bowdish Middle School, and University 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.

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