1514 W Velvet Ln Spokane, WA 99208
Five Mile Prairie NeighborhoodEstimated Value: $495,000 - $565,000
4
Beds
3
Baths
2,300
Sq Ft
$232/Sq Ft
Est. Value
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 2017Located 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!
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
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
Total Days on Market
101
Current Estimated Value
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
Interest Rate
2.8%
Mortgage Type
VA
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
8.92%
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
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Similar Homes in Spokane, WA
Home Values in the Area
Average Home Value in this Area
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 | Schumacher Timothy J | $357,420 | |
| Closed | Kile Timothy J | $285,420 | |
| Closed | Schumacher Timothy J | $283,158 | |
| Closed | Schumacher Timothy J | $288,723 | |
| Previous Owner | Gates Brian J | $239,300 | |
| Previous Owner | Gates Brian J | $242,700 | |
| Previous Owner | Allen Jeffrey B | $36,000 | |
| Previous Owner | Lanzce G Douglass Inc | $30,570 | |
| Previous Owner | Allen Jeffrey B | $163,040 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 | $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
59 Total Sales
-
Sandi Snyder
Seller Co-Listing Agent in 2017
Sandi Snyder
Amplify Real Estate Services
(509) 590-1880
4 in this area
103 Total Sales
-
Ron Davidson
Buyer's Agent in 2017
Ron Davidson
Best Choice Realty
(509) 703-3171
1 in this area
32 Total Sales
Map
Source: Spokane Association of REALTORS®
MLS Number: 201720043
APN: 26244.1502
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Information is deemed reliable but not guaranteed.
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