NOT LISTED FOR SALE

1608 3rd St Cheney, WA 99004

Estimated Value: $293,000 - $355,000

4 Beds
2 Baths
1,638 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $339,008 $207 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,933/month

5 Days on Market

Highlights

  • Fenced Yard
  • Shed
  • Utility Room
  • Patio
  • Baseboard Heating
  • Community Storage Space

About This Home

As of August 2024

Don’t miss this incredible investment opportunity located in the desirable Cheney area. This low maintenance brick duplex has been completely updated with new vinyl windows, new appliances and a new roof. These units are easy to rent and feature 2 bedrooms, 1 bath, informal dining, new LVP flooring, storage unit, stackable washer and dryers, electric baseboard heat, and portable A/C units. Each slider leads to a privately cedar fenced yard and patio. 1608 is leased until September 30, 2024 and 1610 is leased until February 15, 2025.

Last Agent to Sell the Property

Stacey Watson

Coldwell Banker Tomlinson License #104374 Listed on: 07/12/2024

Last Buyer's Agent

Steve Wright

Redfin License #20110342

Redfin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 1970

Lot Details

  • 6,000 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Utility Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Site Parking

Outdoor Features

  • Patio
  • Shed

Schools

  • Cheney Middle School
  • Cheney High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • 2 Units
  • Community Storage Space

Listing and Financial Details

  • Assessor Parcel Number 13124.3806

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,553

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Patio, Storage, See Remarks
  • Co List Office Phone: 509-467-7400
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Interior Features: Utility Room, Windows Vinyl
  • Reso Structure Type: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Pantry, Washer, Dryer
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle, See Remarks
  • Construction Type: Brick
  • Other Structures: Shed(s)

Garage/Parking

  • Parking Features: Off Site
  • Total Parking Spaces: 2

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Baseboard
  • NumberOfRanges: 2

Schools

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

Lot Info

  • Parcel Number: 13124.3806
  • Lot Size Sq Ft: 6000

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2553

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 14, 2024
Sold by
Dixon Troy A and Dixon Jessica Mccrea
Bought by
Lawter Amanda and Lawter Cory
Seller's Agent
Stacey Watson
Coldwell Banker Tomlinson
Buyer's Agent
Steve Wright
Redfin
List Price
$349,900
Sold Price
$339,008
Premium/Discount to List
-$10,892
-3.11%
Views
4
Current Estimated Value
$320,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,034
Avg. Annual Appreciation
-3.70%
Original Mortgage
$254,256
Outstanding Balance
$251,423
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$69,551

Purchase Details

Closed on
Feb 16, 2022
Sold by
Sun Liu and Sun Michelle
Bought by
Dixon Troy A and Dixon Jessica Mccrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
3.55%
Mortgage Type
New Conventional

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
$88,000
Interest Rate
4.77%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lawter Amanda $339,008 First American Title Insurance
Dixon Troy A $285,000 Commonwealth Land Title
Liu Yigang $110,000 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawter Amanda $254,256
Previous Owner Dixon Troy A $213,750
Previous Owner Liu Yigang $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2024 08/19/24 Sold $339,008 -3.1% $207 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $349,900 -- $214 / 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 $3,201 $317,700 $50,000 $267,700
2024 $3,201 $290,200 $55,000 $235,200
2023 $2,442 $272,600 $75,000 $197,600
2022 $2,233 $291,200 $75,000 $216,200
2021 $2,094 $182,800 $31,500 $151,300
2020 $2,034 $166,400 $30,000 $136,400
2019 $1,811 $155,900 $28,000 $127,900
2018 $1,879 $140,900 $28,000 $112,900
2017 $1,627 $134,700 $28,000 $106,700
2016 $1,554 $123,900 $28,000 $95,900
2015 $1,500 $121,700 $28,000 $93,700
2014 -- $121,700 $28,000 $93,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202419699

Spokane Association of REALTORS®

APN: 13124.3806