NOT LISTED FOR SALE

1602 3rd St Unit 1604 3rd st Cheney, WA 99004

Estimated Value: $316,593 - $352,000

4 Beds
2 Baths
1,638 Sq Ft
$204/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $285,000 $174 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,155/month

1 Day on Market

Highlights

  • Ranch Style House
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Dual Closets
  • Dining Room

About This Home

As of February 2022

Great 1970 brick duplex, short walk to EWU. Each unit has 2 bedrooms, 1 bathroom plus storage unit for each tenant. Low rents currently and with some elbow grease could be brought up to market rents in the area.

Last Listed By

Marcus Fleming

Amplify Real Estate Services License #138017 Listed on: 01/21/2022

Amplify Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,390

Year Built

  • Built in 1970

Lot Details

  • 8,000 Sq Ft Lot

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Dual Closets
  • 1,638 Sq Ft Home
  • Dining Room
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Cheney Elementary And Middle School
  • Cheney High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

  • 2 Units
  • Water Sewer Expense $480

Listing and Financial Details

  • Assessor Parcel Number 13124.3805

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,390

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1970
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 01/21/2022
  • Common Interest Community: No
  • Geo Address Line: 1602 3rd St
  • Geo Primary City: Cheney
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/22/2022 2:48:01 AM
  • Geo Zoom Level: 15
  • Sr High: Cheney
  • Jr High: Cheney
  • Allow Public Comments: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Approx Sq Ft: 1638
  • Price Per Sq Ft: 173.99
  • Basement: Crawl
  • Design: Rancher
  • Dining Room: Informal
  • Family/Recreation Room: 1st Flr
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Washer, Dryer
  • Primary Bedroom: Dbl Clst

Exterior Features

  • Exterior: Brick
  • Roof: Comp

Garage/Parking

  • Garage Size: 0

Utilities

  • Heating/Cooling: Elec, Basebd, El Wall Unit, Wall A/C

Schools

  • School District: Cheney
  • Elementary School: Cheney
  • Middle School: Cheney
  • High School: Cheney
  • School District: Cheney
  • Elementary School: Cheney

Lot Info

  • Acres Mol: 0.18
  • Estimated Lot Sq Ft: 8000
  • Parcel Number: 13124.3805
  • Site Improvements: Pub Sewer, Swr Conn

Multi Family

  • Number Of Units: 2
  • Number Units A: 1602
  • Number Units B: 1604

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Feb 10, 2022
Sold by
Sun Liu and Sun Michelle
Bought by
Dixon Sierra N
Seller's Agent
Marcus Fleming
Amplify Real Estate Services
Buyer's Agent
Stacey Watson
Coldwell Banker Tomlinson
List Price
$290,000
Sold Price
$285,000
Premium/Discount to List
-$5,000
-1.72%
Total Days on Market
1
Current Estimated Value
$334,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,398
Avg. Annual Appreciation
5.06%
Original Mortgage
$228,000
Outstanding Balance
$213,717
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$120,681

Purchase Details

Closed on
Apr 18, 2005
Sold by
Butcher Donald P
Bought by
Liu Yigang and Liu Michelle Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.77%
Mortgage Type
Negative Amortization

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
Dixon Sierra N $285,000 Commonwealth Land Title
Liu Yigang $105,000 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Sierra N $228,000
Previous Owner Liu Yigang $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $285,000 -1.7% $174 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $290,000 -- $177 / 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
2024 $3,390 $307,400 $75,000 $232,400
2023 $2,421 $270,300 $75,000 $195,300
2022 $2,206 $288,700 $75,000 $213,700
2021 $2,069 $180,600 $31,500 $149,100
2020 $2,004 $164,000 $30,000 $134,000
2019 $1,785 $153,700 $28,000 $125,700
2018 $1,854 $139,000 $28,000 $111,000
2017 $1,606 $133,000 $28,000 $105,000
2016 $1,532 $122,200 $28,000 $94,200
2015 $1,480 $120,000 $28,000 $92,000
2014 -- $120,000 $28,000 $92,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202210645

Spokane Association of REALTORS®

APN: 13124.3805