NOT LISTED FOR SALE

16114 E Broadway Ave Unit 16116 Spokane Valley, WA 99037

Estimated Value: $250,000 - $327,790

2 Beds
1 Bath
1,344 Sq Ft
$221/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $285,000 $212 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,898/month

76 Days on Market

Highlights

  • Territorial View
  • Baseboard Heating
  • 1-Story Property
  • Eat-In Kitchen
  • Level Lot

About This Home

As of February 2023

Looking for your first investment property? This duplex just might be the thing you've been looking for. Units feature 2 bedrooms and 1 bathroom along with a covered carport and spacious yard. The layout in these units are great for folks looking for main-floor living. The living room is open to the kitchen which offers just enough space for a small 2-person dining table. Washer dryer is located in each unit inside the closet hallway. High visibility area that creates helps reduce vacancies. The current tenants have been living here for years. Similar units with slightly more updates are going for $1100 -$1300 per side. Take advantage of the spokane valley utility billing where owners pay only sewer and a much lower water bill compared to the city.

Last Agent to Sell the Property

Jeff Hornberger

The Hornberger Group, LLC License #27912 Listed on: 10/30/2022

Last Buyer's Agent

Joel Elgee

Avalon 24 Real Estate License #27675

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,887

Year Built

  • Built in 1971

Lot Details

  • 0.26 Acre Lot
  • Back Yard Fenced
  • Level Lot

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range

Laundry

  • Dryer
  • Washer

Schools

  • Progress Elementary School
  • Greenacres Middle School
  • Central Valley High School

Utilities

  • Baseboard Heating

Community Details

  • 2 Units
  • Water Sewer Expense $1,560

Listing and Financial Details

  • Assessor Parcel Number 45133.0107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,887

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1971
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 10/30/2022
  • Common Interest Community: No
  • Geo Address Line: 16114 E Broadway Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 10/30/2022 5:14:35 PM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Jr High: Greenacres
  • Allow Public Comments: No
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 1344
  • Price Per Sq Ft: 212.05
  • Number of Stories: 1
  • Basement: Slab
  • Special Features: Mn Flr Util, Alum Wn Fr
  • Design: Rancher
  • Dining Room: Kit Eat Sp
  • Family/Recreation Room: 1st Flr
  • Kitchen Appliances: Fr Stnd Rng, Refrig, Washer, Dryer
  • Primary Bedroom: 1st Flr
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: T-111
  • Roof: Comp

Garage/Parking

  • Carport Size: 2
  • Garage Parking: Carport
  • Garage Size: 0
  • Number Carports: 2

Utilities

  • Heating/Cooling: Basebd
  • Power Company: Vera
  • Water Company: Vera

Schools

  • School District: Central Valley
  • Elementary School: Progress
  • Middle School: Greenacres
  • High School: Central Valley
  • School District: Central Valley
  • Elementary School: Progress

Lot Info

  • Acres Mol: 0.26
  • Estimated Lot Sq Ft: 11617
  • Loc Dir E W: E
  • Loc Numberblk E W: 61
  • Lot Information: Fncd Bk Yd, Level, Bus Rt
  • Lot View: Territorial
  • Parcel Number: 45133.0107
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 7
  • Multiple Parcels: No

Tax Info

  • Taxes: 1887.29

Multi Family

  • Number Of Units: 2
  • Number Units A: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Ward Chris and Ward Beverly
Bought by
16114 E Broadway Llc
Current Estimated Value
$297,448

Purchase Details

Listed on
Oct 30, 2022
Closed on
Jan 28, 2023
Sold by
Hauge Michael A and Hauge Pandora
Bought by
Ward Chris and Ward Beverly
Seller's Agent
Jeff Hornberger
The Hornberger Group, LLC
Buyer's Agent
Joel Elgee
Avalon 24 Real Estate
List Price
$315,000
Sold Price
$285,000
Premium/Discount to List
-$30,000
-9.52%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.27%

Purchase Details

Closed on
May 25, 2017
Sold by
Schroeder George C
Bought by
Hauge Michael and Hauge Pandora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,525
Interest Rate
3.97%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
16114 E Broadway Llc $313 None Listed On Document
Ward Chris -- Wfg National Title
Hauge Michael $124,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hauge Michael $93,525
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $285,000 -4.7% $212 / Sq Ft
01/14/2023 01/14/23 Pending -- -- --
01/04/2023 01/04/23 Price Changed $299,000 -3.5% $222 / Sq Ft
11/30/2022 11/30/22 Price Changed $310,000 -1.6% $231 / Sq Ft
10/30/2022 10/30/22 For Sale $315,000 -- $234 / 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 $2,891 $261,300 $65,000 $196,300
2023 $2,336 $254,350 $71,250 $183,100
2022 $1,887 $233,150 $71,250 $161,900
2021 $1,902 $147,900 $47,500 $100,400
2020 $1,675 $131,600 $47,500 $84,100
2019 $1,531 $125,350 $42,750 $82,600
2018 $1,801 $123,450 $42,750 $80,700
2017 $1,638 $113,850 $42,750 $71,100
2016 $1,573 $105,800 $38,000 $67,800
2015 $1,599 $105,800 $38,000 $67,800
2014 -- $95,300 $28,500 $66,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hornberger

    Seller's Agent in 2023

    Jeff Hornberger

    The Hornberger Group, LLC

    (509) 994-5007

    10 in this area

    150 Total Sales

    Jeff Hornberger
    Section Image
  • Joel Elgee

    Buyer's Agent in 2023

    Joel Elgee

    Avalon 24 Real Estate

    (509) 868-5264

    14 in this area

    310 Total Sales

    Joel Elgee
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202224794

Spokane Association of REALTORS®

APN: 45133.0107

Washington Spokane County Spokane Valley 99037

16114 E Broadway Ave Unit 16116, Spokane Valley, WA

This home is located at 16114 E Broadway Ave Unit 16116, Spokane Valley, WA 99037 since 30 October 2022 and is currently estimated at $297,448, approximately $221 per square foot. This property was built in 1971. 16114 E Broadway Ave Unit 16116 is a home located in Spokane County with nearby schools including Progress Elementary School, Greenacres Middle School, and Central Valley 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.

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