NOT LISTED FOR SALE

1512 W College Ave Unit 1510 W College Ave Spokane, WA 99201

West Central Neighborhood

Estimated Value: $460,633 - $574,000

4 Beds
2 Baths
-- Sq Ft
4,000 Sq Ft Lot

Last Sold April 14, 2023

Last sale price $475,000

Est. 11% increase in value since last sale

Current estimated payment $3,123/month

19 Days on Market

Highlights

  • Victorian Architecture
  • Formal Dining Room
  • High Speed Internet
  • North Central High School Rated A-
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of April 2023

Step into the most charming duplex in Kendall Yards! Now is your chance to pick up this lovely, well established income property with a location that can't be beat. Just blocks up from the awesome Kendall Yards district with shopping, restaurants, the Centennial trail and more! This is also minutes from Downtown, and our famous Riverfront Park too! Each side of this duplex has two bedrooms, and one bath with a lovely front living space and kitchen. Both sides also have full laundry on the main floor. Nicely updated and as a great bonus, both sides will also come fully furnished! There is nothing left to do but pick up where the current owners are at! This property has been successfully run as a short term rental, longer term rental, and airbnb in the past, and has a fantastic history of income production! Be sure to set up your own showing to see it in person!

Last Agent to Sell the Property

Sara Koenig

American R.E. Associates, Inc License #126555 Listed on: 02/17/2023

Last Buyer's Agent

Kyle Taylor

Deese Real Estate License #138922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,885

Year Built

  • Built in 1889

Lot Details

  • 4,000 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Victorian Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Alley Access
  • Off-Street Parking

Schools

  • Holmes Elementary School
  • Glover Middle School
  • North Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 25134.0205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,885

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1889
  • Style Of Construction: 1-1/2 Story
  • Lvt Date: 02/17/2023
  • Common Interest Community: No
  • Geo Address Line: 1512 W College Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 2/17/2023 5:29:04 PM
  • Geo Zoom Level: 15
  • Sr High: North Central
  • Year Renovated: 2017
  • Jr High: Glover
  • Allow Public Comments: No
  • High Speed Internet Avail: Yes
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Crawl
  • Special Features: Mn Flr Util
  • Design: Victorian
  • Dining Room: Formal
  • Family/Recreation Room: 1st Flr
  • Features: 200 AMP
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Microwave, Washer, Dryer
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: Wood
  • Roof: Comp

Garage/Parking

  • Carport Size: 0
  • Garage Parking: Off St Prkg, Alley Access
  • Garage Size: 0

Utilities

  • Heating/Cooling: Gas, Forced Air, Wind A/C
  • Power Company: Avista
  • Water Company: Avista

Schools

  • School District: Spokane Dist 81
  • Elementary School: Holmes

Lot Info

  • Acres Mol: 0.09
  • Estimated Lot Sq Ft: 4000
  • Lot Information: Fncd Bk Yd
  • Parcel Number: 25134.0205
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Tax Info

  • Taxes: 3885

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
Feb 17, 2023
Closed on
Apr 13, 2023
Sold by
Obsidian Group Llc
Bought by
Sears Erin N and Sears Marvin C
Seller's Agent
Sara Koenig
American R.E. Associates, Inc
Buyer's Agent
Kyle Taylor
Deese Real Estate
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%
Views
107
Current Estimated Value
$525,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,658
Avg. Annual Appreciation
4.05%
Original Mortgage
$356,250
Outstanding Balance
$346,439
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$179,219

Purchase Details

Closed on
Dec 2, 2019
Sold by
Bryan Richard A and Bryan Jennifer M
Bought by
Obsidian Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2019
Sold by
Strickler Balin B and Strickler Judy A
Bought by
Bryan Richard A and Bryan Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2017
Sold by
Metters Michael B and Olson Lisa D
Bought by
Strickler Balin B and Strickler Judy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2006
Sold by
Armstrong Sharon Brogdon
Bought by
Metters Michael B and Olson Lisa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
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
Sears Erin N -- Vista Title And Escrow Llc
Obsidian Group Llc -- Accommodation
Bryan Richard A $425,000 First American Title
Strickler Balin B $155,000 Spokane County Title Company
Metters Michael B $80,000 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sears Erin N $356,250
Previous Owner Bryan Richard A $318,750
Previous Owner Strickler Balin B $108,750
Previous Owner Metters Michael B $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2023 04/14/23 Sold $475,000 -5.0% --
03/08/2023 03/08/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $499,900 -- --
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 $4,458 $468,400 $70,000 $398,400
2024 $4,458 $449,400 $65,000 $384,400
2023 $3,886 $441,700 $50,000 $391,700
2022 $3,587 $397,300 $45,000 $352,300
2021 $3,294 $276,900 $15,000 $261,900
2020 $2,560 $207,100 $18,000 $189,100
2019 $1,719 $143,600 $18,000 $125,600
2018 $1,681 $120,600 $18,000 $102,600
2017 $1,389 $101,400 $18,000 $83,400
2016 $1,077 $76,800 $18,000 $58,800
2015 $1,100 $76,800 $18,000 $58,800
2014 -- $78,800 $20,000 $58,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202311546

Spokane Association of REALTORS®

APN: 25134.0205