NOT LISTED FOR SALE

1605 3rd St Cheney, WA 99004

Estimated Value: $325,189 - $358,000

4 Beds
2 Baths
1,693 Sq Ft
$197/Sq Ft Est. Value

Last Sold February 10, 2021

Last sale price $210,000 $124 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,023/month

22 Days on Market

Highlights

  • Contemporary Architecture
  • Baseboard Heating
  • Level Lot
  • Landscaped with Trees
  • High Speed Internet

About This Home

As of February 2021

Well maintained and managed duplex, close to EWU, Betz Elementary, Cheney Middle School, and Cheney High School. Each unit features 2 bedrooms, 1 bath, free standing range, refrigerator, and pantry in both units. New carpet and vinyl in upper unit. Off street parking. Rents are currently under market value, Unit 1 - is being left empty for new owner, Unit 2 - $565/month. Great opportunity to own an investment property in a growing market.

Last Agent to Sell the Property

Brad Foien

Cheney Realty, Inc. License #9107 Listed on: 01/06/2021

Last Buyer's Agent

Brad Foien

Cheney Realty, Inc. License #9107 Listed on: 01/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,791

Year Built

  • Built in 1970

Lot Details

  • 8,100 Sq Ft Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Duplex
  • Contemporary Architecture
  • Siding

Interior Spaces

  • 1,693 Sq Ft Home
  • Aluminum Window Frames
  • Basement Fills Entire Space Under The House
  • Free-Standing Range

Parking

  • 4 Parking Spaces
  • Off-Site Parking

Schools

  • Cheney Middle School
  • Cheney High School

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • 2 Units
  • Water Sewer Expense $960

Listing and Financial Details

  • Assessor Parcel Number 13124.3915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,791

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Treed, Level
  • Lot Size Acres: 0.19
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: None
  • Co List Office Phone: 509-235-6191
  • MLS Status: Sold
  • Architectural Style: Contemporary
  • Reso Interior Features: Alum Wn Fr
  • Reso Structure Type: Duplex
  • Master Plan Zoning: Res
  • HighSpeedInternet: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished
  • Appliances: Free-Standing Range, Refrigerator, Pantry

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Siding, Wood

Garage/Parking

  • Parking Features: Off Site
  • Total Parking Spaces: 4

Utilities

  • Heating: Electric, Baseboard
  • NumberOfRanges: 2

Fee Information

  • Annual Water Sewer Expense: 960

Schools

  • Elementary School: Cheney
  • High School: Cheney
  • Middle Or Junior School: Cheney

Lot Info

  • Parcel Number: 13124.3915
  • Lot Size Sq Ft: 8100
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1791
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Christian Darla Kay and Estate Of Jeremy Michael Chris
Bought by
Right Shania Annette Wright and Wright Michael Timothy
Current Estimated Value
$334,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Outstanding Balance
$150,736
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$183,561

Purchase Details

Listed on
Jan 6, 2021
Closed on
Feb 9, 2021
Sold by
Montecucco Management Inc
Bought by
Christian Jeremy M
Seller's Agent
Brad Foien
Cheney Realty, Inc.
Buyer's Agent
Brad Foien
Cheney Realty, Inc.
List Price
$235,000
Sold Price
$210,000
Premium/Discount to List
-$25,000
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.95%
Original Mortgage
$200,000
Interest Rate
2.6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 31, 2000
Sold by
Kessler Thomas E and Kessler Colleen
Bought by
Montecucco Management Inc

Purchase Details

Closed on
Sep 14, 1998
Sold by
Hood Edwin L and Hood Edwin L
Bought by
Kessler Colleen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Right Shania Annette Wright $309,500 Cw Title And Escrow
Christian Jeremy M $210,000 First American Title
Montecucco Management Inc -- First American Title Ins
Kessler Colleen -- --
Hood Edwin L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Right Shania Annette Wright $164,500
Previous Owner Christian Jeremy M $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2021 02/10/21 Sold $210,000 -10.6% $124 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $235,000 -- $139 / 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 $3,328 $302,600 $70,000 $232,600
2024 $3,328 $301,800 $75,000 $226,800
2023 $2,379 $265,500 $75,000 $190,500
2022 $2,217 $283,700 $75,000 $208,700
2021 $1,840 $160,500 $31,500 $129,000
2020 $1,791 $146,400 $30,000 $116,400
2019 $1,541 $132,600 $28,000 $104,600
2018 $1,696 $127,100 $28,000 $99,100
2017 $1,469 $121,600 $28,000 $93,600
2016 $1,450 $115,600 $28,000 $87,600
2015 $1,401 $113,600 $28,000 $85,600
2014 -- $113,600 $28,000 $85,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202110170

Spokane Association of REALTORS®

APN: 13124.3915