NOT LISTED FOR SALE

1514 W Velvet Ln Spokane, WA 99208

Five Mile Prairie Neighborhood

Estimated Value: $492,000 - $561,000

4 Beds
3 Baths
2,300 Sq Ft
$230/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $279,500 $122 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,394/month

101 Days on Market

Highlights

  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Building Patio
  • Prairie View Elementary School Rated A-
  • 3 Car Attached Garage
  • Walk-In Closet

About This Home

As of October 2017

Located in Mead School District, this home is 2300 finished SF featuring 4 bedrooms and 3 baths, gas fireplace, cathedral ceilings, sprinkler system with fenced backyard. Lower level is fully finished with large bonus family room. Great 5 Mile location!

Last Agent to Sell the Property

Michelle Becker

Windermere North License #95582 Listed on: 06/30/2017

Co-Listed By

Sandi Snyder

Amplify Real Estate Services License #118461

Last Buyer's Agent

Ron Davidson

Best Choice Realty License #27332

Best Choice Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,912

Year Built

  • Built in 2005

Lot Details

  • Back Yard Fenced
  • Level Lot
  • Sprinkler System

HOA Fees

  • $170 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Composition Roof
  • T111 Siding
  • Stone Exterior Construction

Interior Spaces

  • 2,300 Sq Ft Home
  • Gas Fireplace
  • Dining Room

Kitchen

  • Breakfast Bar
  • Stove
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms

Basement

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Schools

  • Prairie View Elementary School
  • Northwood Middle School
  • Mead High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26244.1502

Community Details

Overview

  • Summer Hill Subdivision

Amenities

  • Building Patio
  • Community Deck or Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,912

Year Built

Built in 2005

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Sub Type: Res/Site Blt
  • Access: Pub Rd, Paved
  • Class: Residential
  • Style Of Construction: Split Entry
  • Year Built: 2005
  • Lvt Date: 06/30/2017
  • Geo Address Line: 1514 W Velvet Ln
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Secondary City: Spokane
  • Geo Subdivision: WA
  • Geo Update Timestamp: 10/20/2017 7:38:26 PM
  • Geo Zoom Level: 15
  • Sr High: Mead
  • Jr High: Northwood
  • Subdivision/Development: Summer Hill
  • Property Sub Type: Detached

Interior Features

  • Total Approx Sq Ft: 2300
  • Price Per Sq Ft: 121.52
  • Bathrooms: 3
  • Bedrooms: 4
  • First Floor Bedrooms: 2
  • First Floor Bathrooms: 2
  • First Floor Family Room: 1
  • First Floor Fireplace: 1
  • Basement: Full, Finished, Fam/Rec Rm, Lndry
  • Basement: Yes
  • Basement Bedrooms: 2
  • Basement Bathrooms: 1
  • Basement Family Room: 1
  • Special Features: Cath Cling, Vinyl Wn Fr, Multi Pn Wn
  • Design: Contemp
  • Dining Room: Informal, Eat Bar
  • Family/Recreation Room: Bsmt, 1st Flr
  • Features: 200 AMP
  • Fireplace: Gas
  • Kitchen Appliances: Fr Stnd Rng, D/W, Disposal, Microwave, Pantry
  • Primary Bedroom: Wlkin Clst, Full Bath, 1st Flr
  • Number of Family Rooms: 2
  • Number of Fireplaces: 1
  • Stove: Gas

Exterior Features

  • Exterior: Stone, T-111
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, Opener
  • Garage Size: 3

Utilities

  • Heating/Cooling: Gas, Forced Air, Cent A/C

Condo/Co-op/Association

  • Amenities: Cable TV, Deck, Patio, Gas Hot Wtr

Schools

  • School District: Mead
  • Elementary School: Prairie View
  • Middle School: Northwood
  • High School: Mead
  • School District: Mead
  • Elementary School: Prairie View

Lot Info

  • Loc Dir E W: W
  • Loc Numberblk E W: 15
  • Loc Numberblks N S: 86
  • Lot Information: Fncd Bk Yd, Spr Sys, Level
  • Monthly Assessment: 170
  • Parcel Number: 26244.1502
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 26244.1502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2020
Sold by
Kile Emily J and Kile Timothy J
Bought by
Kile Timothy J
Current Estimated Value
$528,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,420
Outstanding Balance
$253,403
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$275,522

Purchase Details

Listed on
Jun 30, 2017
Closed on
Oct 13, 2017
Sold by
Gates Brian J and Gates Deborah K
Bought by
Schumacher Timothy J and Schumacher Brenda
Seller's Agent
Michelle Becker
Windermere North
Buyer's Agent
Ron Davidson
Best Choice Realty
List Price
$284,500
Sold Price
$279,500
Premium/Discount to List
-$5,000
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$288,723
Interest Rate
3.78%
Mortgage Type
VA

Purchase Details

Closed on
Aug 15, 2008
Sold by
Allen Jeffrey B and Allen Ruthy A
Bought by
Gates Brian J and Gates Deborah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,700
Interest Rate
6.37%
Mortgage Type
VA

Purchase Details

Closed on
Mar 13, 2006
Sold by
Lanzce G Douglass Inc
Bought by
Allen Jeffrey B and Allen Ruthy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,570
Interest Rate
6.18%
Mortgage Type
Stand Alone Second
Source: Public Records

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
Kile Timothy J -- None Available
Schumacher Timothy J $279,500 First American Title Ins Co
Gates Brian J $234,950 Spokane County Title Co
Allen Jeffrey B $203,800 Stewart Title Of Spokane
Lanzce G Douglass Inc -- Stewart Title Of Spokane
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kile Timothy J $285,420
Closed Schumacher Timothy J $288,723
Previous Owner Gates Brian J $242,700
Previous Owner Lanzce G Douglass Inc $30,570
Previous Owner Allen Jeffrey B $163,040
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $279,500 -1.8% $122 / Sq Ft
10/09/2017 10/09/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $284,500 -- $124 / 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 $4,912 $495,000 $120,000 $375,000
2024 $4,912 $503,000 $110,000 $393,000
2023 $4,555 $509,500 $110,000 $399,500
2022 $3,968 $508,100 $110,000 $398,100
2021 $3,696 $341,500 $54,000 $287,500
2020 $3,371 $293,900 $44,000 $249,900
2019 $2,886 $257,500 $44,000 $213,500
2018 $2,994 $228,200 $44,000 $184,200
2017 $2,780 $213,500 $44,000 $169,500
2016 $2,854 $211,100 $44,000 $167,100
2015 $2,742 $208,900 $35,000 $173,900
2014 -- $206,700 $35,000 $171,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Becker

    Seller's Agent in 2017

    Michelle Becker

    Windermere North

    (509) 435-5341

    5 in this area

    58 Total Sales

    Michelle Becker
    Section Image
  • Sandi Snyder

    Seller Co-Listing Agent in 2017

    Sandi Snyder

    Amplify Real Estate Services

    (509) 590-1880

    3 in this area

    97 Total Sales

    Sandi Snyder
    Section Image
  • Ron Davidson

    Buyer's Agent in 2017

    Ron Davidson

    Best Choice Realty

    (509) 703-3171

    1 in this area

    28 Total Sales

    Ron Davidson
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 201720043

Spokane Association of REALTORS®

APN: 26244.1502

Washington Spokane County Spokane 99208 Five Mile Prairie

1514 W Velvet Ln, Spokane, WA

This home is located at 1514 W Velvet Ln, Spokane, WA 99208 since 30 June 2017 and is currently estimated at $528,925, approximately $229 per square foot. This property was built in 2005. 1514 W Velvet Ln is a home located in Spokane County with nearby schools including Prairie View 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