NOT LISTED FOR SALE

1608 W Shannon Ave Spokane, WA 99205

Emerson Garfield Neighborhood

Estimated Value: $222,000 - $368,000

6 Beds
3 Baths
1,942 Sq Ft
$167/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $185,000 $95 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,073/month

26 Days on Market

Highlights

  • RV Access or Parking
  • City View
  • Property is near public transit
  • North Central High School Rated A-
  • Craftsman Architecture
  • Wood Frame Window

About This Home

As of August 2021

Amazing cash flow! Main house is a duplex (upper & lower). Lower unit (#1) 2 bed, 1 bath, upper unit (#2) 3 bed, 1 bath and stand alone bungalow in back (1608-1/2) is a 620 sq ft 2 bed 1 bath with a long-term tenant (10 years). Great opportunity to own a cash flowing rental near downtown.

Last Agent to Sell the Property

Jimmy Deringer

Keller Williams Spokane-Branch License #20107858 Listed on: 07/08/2021

Keller Williams Spokane-Branch

Last Buyer's Agent

Jessica Sewell

Prime Real Estate Group License #139490

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,077

Year Built

  • Built in 1903

Lot Details

  • 6,000 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Craftsman Architecture

Interior Spaces

  • 1-Story Property
  • Fireplace Features Masonry
  • Vinyl Clad Windows
  • Wood Frame Window
  • Utility Room
  • City Views
  • Free-Standing Range
  • Partially Finished Basement

Parking

  • Alley Access
  • Off-Site Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Shed

Location

  • Property is near public transit

Schools

  • Glover Middle School
  • North Central High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 25124.3513

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,077

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Year Built: 1903
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level, City Bus (w/in 6 blks), Fencing
  • Lot Size Acres: 0.01
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: City
  • Reso Association Amenities: Patio, None
  • Co List Office Phone: 509-458-4000
  • MLS Status: Sold
  • Architectural Style: Craftsman
  • Reso Fireplace Features: Masonry
  • Reso Interior Features: Utility Room, Windows Wood, Windows Vinyl
  • Reso Structure Type: One and a Half Story
  • Master Plan Zoning: RES
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Partial, Unfinished
  • Appliances: Free-Standing Range, Refrigerator
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Wood
  • Other Structures: Shed(s)

Garage/Parking

  • Parking Features: RV Parking, Off Site, Alley Access

Utilities

  • Heating: Oil, Baseboard

Schools

  • Elementary School: Audubon
  • High School: North Central
  • Middle Or Junior School: Glover

Lot Info

  • Parcel Number: 25124.3513
  • Lot Size Sq Ft: 6000
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2076.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Aug 23, 2021
Sold by
Taft Love Properties Llc
Bought by
Union Apartment Holding Llc
Seller's Agent
Jimmy Deringer
Keller Williams Spokane-Branch
Buyer's Agent
Jessica Sewell
Prime Real Estate Group
List Price
$215,000
Sold Price
$185,000
Premium/Discount to List
-$30,000
-13.95%
Current Estimated Value
$327,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,647
Avg. Annual Appreciation
15.01%

Purchase Details

Closed on
Feb 4, 2019
Sold by
Rutledge Michael
Bought by
Taft Love Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,134
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2017
Sold by
Red Wagon Holdings 7 Llc
Bought by
Rutledge Michael

Purchase Details

Listed on
Oct 21, 2016
Closed on
Nov 3, 2016
Sold by
Cobb Adam E and Cobb Sonja M
Bought by
Red Wagon Holdings 7 Llc
Seller's Agent
Marcos Nilson
Keller Williams Spokane - Main
Buyer's Agent
Jon Ehrlich
Coldwell Banker Tomlinson
List Price
$99,900
Sold Price
$95,000
Premium/Discount to List
-$4,900
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%
Original Mortgage
$106,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2009
Sold by
Cobb Adam E and Cobb Sonja M
Bought by
Cobb Adam E and Cobb Sonja M

Purchase Details

Closed on
Nov 21, 2005
Sold by
Troutt James F and Troutt Peggie J
Bought by
Cobb Adam E and Cobb Sonja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.07%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 29, 1995
Sold by
Troutt James F and Carothers Chester
Bought by
Troutt Ii James F and Troutt Peggie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
8.62%
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
Union Apartment Holding Llc $185,000 First American Title Ins Co
Taft Love Properties Llc $176,671 First American Title
Rutledge Michael -- First American Title Ins Co
Red Wagon Holdings 7 Llc $95,000 First American Title Ins Co
Cobb Adam E -- None Available
Cobb Adam E $133,000 Spokane County Title Co
Troutt Ii James F $25,250 Spokane County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taft Properties Llc $143,550
Previous Owner Taft Love Properties Llc $160,134
Previous Owner Rutledge Michael $91,000
Previous Owner Rutledge Michael $91,000
Previous Owner Red Wagon Holdings 7 Llc $106,000
Previous Owner Cobb Adam E $106,400
Previous Owner Troutt Ii James F $59,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $185,000 -14.0% $95 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $215,000 0.0% $111 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $215,000 +126.3% $111 / Sq Ft
11/08/2016 11/08/16 Sold $95,000 -4.9% $49 / Sq Ft
11/08/2016 11/08/16 Pending -- -- --
10/21/2016 10/21/16 For Sale $99,900 -- $51 / 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 $3,442 $331,600 $75,000 $256,600
2024 $3,442 $346,700 $66,000 $280,700
2023 $3,308 $345,700 $60,000 $285,700
2022 $2,574 $338,000 $50,000 $288,000
2021 $2,077 $174,200 $30,000 $144,200
2020 $2,089 $168,800 $24,500 $144,300
2019 $1,735 $144,900 $20,000 $124,900
2018 $1,920 $137,800 $18,000 $119,800
2017 $1,599 $116,800 $18,000 $98,800
2016 $1,582 $113,100 $18,000 $95,100
2015 $1,570 $109,800 $18,000 $91,800
2014 -- $113,600 $18,000 $95,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jimmy Deringer

    Keller Williams Spokane-Branch

    Section Image

  • J

    Buyer's Agent in 2021

    Jessica Sewell

    Prime Real Estate Group

    Section Image
  • Marcos Nilson

    Seller's Agent in 2016

    Marcos Nilson

    Keller Williams Spokane - Main

    (509) 270-0123

    102 Total Sales

    Section Image
  • Bryan Swanson

    Seller Co-Listing Agent in 2016

    Bryan Swanson

    Keller Williams Spokane - Main

    (509) 991-2120

    1 in this area

    80 Total Sales

    Section Image
  • Jon Ehrlich

    Buyer's Agent in 2016

    Jon Ehrlich

    Coldwell Banker Tomlinson

    (509) 714-2898

    4 in this area

    96 Total Sales

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202118522

Spokane Association of REALTORS®

APN: 25124.3513

Washington Spokane County Spokane 99205 Emerson Garfield

1608 W Shannon Ave, Spokane, WA

This home is located at 1608 W Shannon Ave, Spokane, WA 99205 since 08 July 2021 and is currently estimated at $324,925, approximately $167 per square foot. This property was built in 1903. 1608 W Shannon Ave is a home located in Spokane County with nearby schools including Audubon Elementary School, North Central High School, and Glover Middle 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.
Information is deemed reliable but not guaranteed.

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