NOT LISTED FOR SALE

1607 E 1st Ave Spokane, WA 99202

East Central Neighborhood

Estimated Value: $258,000 - $287,000

2 Beds
2 Baths
7,100 Sq Ft
$38/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $76,000 $11 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $1,627/month

312 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Utility Room
  • Sacajawea Middle School Rated A-
  • Forced Air Heating System
  • Fenced

About This Home

As of July 2017

Great Investment duplex, 5 minutes from downtown & on Bus route. Both sides have long term renters. Both units have W/D hookups, stove and refrigerators. Units have been painted inside and out, new carpet on one side and a plus is both units have separate fenced front yards. Definitely room to build garages or shop. Does need a little TLC..... VERY MOTIVATED SELLER --- Bring your offers!

Last Agent to Sell the Property

Cindy Carrigan

REAL Broker LLC License #21027304 Listed on: 09/22/2016

Last Buyer's Agent

Zac Scott

Avalon 24 Real Estate License #71486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 1946

Lot Details

  • 7,100 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Shake Siding
  • Cedar

Interior Spaces

  • 7,100 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Utility Room
  • Free-Standing Range

Parking

  • 2 Parking Spaces
  • Workshop in Garage
  • Alley Access
  • Off-Site Parking
  • RV Access or Parking

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35212.0107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,006

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Year Built: 1946
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fencing, Level, Corner Lot
  • Lot Size Acres: 0.2
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: None
  • Co List Office Phone: 509-458-4000
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Interior Features: Utility Room, Windows Vinyl, Multi Pn Wn
  • Reso Structure Type: One Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Appliances: Free-Standing Range, Refrigerator
  • Basement YN: No
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Shake Siding, Cedar

Garage/Parking

  • Parking Features: RV Parking, Workshop in Garage, Off Site, Alley Access
  • Total Parking Spaces: 2

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air, Ductless
  • NumberOfRanges: 2

Lot Info

  • Parcel Number: 35212.0107
  • Lot Size Sq Ft: 7100

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1006.29
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Jul 17, 2017
Sold by
Seipp William A
Bought by
Wong Jason
Seller's Agent
Cindy Carrigan
REAL Broker LLC
Buyer's Agent
Zac Scott
Avalon 24 Real Estate
List Price
$105,000
Sold Price
$76,000
Premium/Discount to List
-$29,000
-27.62%
Current Estimated Value
$269,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,737
Avg. Annual Appreciation
16.73%
Original Mortgage
$57,000
Outstanding Balance
$47,383
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$222,354

Purchase Details

Closed on
Jun 6, 2016
Sold by
Seipp William
Bought by
Seipp William A

Purchase Details

Closed on
Aug 25, 2010
Sold by
Seipp William
Bought by
The William Seipp Revocable Living Trust

Purchase Details

Closed on
Jul 25, 2003
Sold by
Ayers Jack Troy
Bought by
Seipp William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Wong Jason $76,000 Ticor
Seipp William A -- Stewart Title Of Spokane
The William Seipp Revocable Living Trust -- None Available
Seipp William A $58,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Jason $57,000
Previous Owner Seipp William A $46,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $76,000 -27.6% $11 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
09/22/2016 09/22/16 For Sale $105,000 -- $15 / 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 $2,309 $228,400 $75,000 $153,400
2024 $2,309 $232,200 $70,000 $162,200
2023 $2,056 $238,700 $70,000 $168,700
2022 $1,757 $209,680 $65,680 $144,000
2021 $1,600 $133,990 $37,490 $96,500
2020 $1,442 $116,280 $34,080 $82,200
2019 $924 $76,900 $22,500 $54,400
2018 $1,003 $71,750 $17,750 $54,000
2017 $985 $71,750 $17,750 $54,000
2016 $1,006 $71,750 $17,750 $54,000
2015 $1,028 $71,750 $17,750 $54,000
2014 -- $71,750 $17,750 $54,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cindy Carrigan

    Seller's Agent in 2017

    Cindy Carrigan

    REAL Broker LLC

    (509) 844-3664

    4 in this area

    339 Total Sales

    Cindy Carrigan
    Section Image
  • Zac Scott

    Buyer's Agent in 2017

    Zac Scott

    Avalon 24 Real Estate

    (509) 868-5244

    186 Total Sales

    Zac Scott
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201625043

Spokane Association of REALTORS®

APN: 35212.0107

Washington Spokane County Spokane 99202 East Central

1607 E 1st Ave, Spokane, WA

This home is located at 1607 E 1st Ave, Spokane, WA 99202 since 22 September 2016 and is currently estimated at $269,737, approximately $37 per square foot. This property was built in 1946. 1607 E 1st Ave is a home located in Spokane County with nearby schools including Stevens Elementary School, Sacajawea Middle School, and Lewis & Clark 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.
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