NOT LISTED FOR SALE

1612 W 7th Ave Spokane, WA 99204

Cliff-Cannon Neighborhood

Estimated Value: $786,000 - $1,278,000

2 Beds
7 Baths
5,178 Sq Ft
$189/Sq Ft Est. Value

Last Sold May 27, 2014

Last sale price $335,000 $65 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $5,987/month

299 Days on Market

Highlights

  • 0.48 Acre Lot
  • 2 Car Detached Garage
  • Laundry Facilities
  • Sacajawea Middle School Rated A-
  • Forced Air Heating System
  • Community Storage Space

About This Home

As of May 2014

Great 1890 Era South Hill Location with 2 buidings - both remodeled in 2012 with new roofs and exterior paint. Excellent for small business/owner live-in situation 3,200 SF with 10,300 cars per day for great business opportunity. Established rental income from 5 apartment units Main Building: 1st Floor - 1700 SF Office Space 2nd Floor - 3 rented apartments Carriage House: 1st Floor - Storage area & studio apartment 2nd floor - 1 BR apartment

Last Agent to Sell the Property

Guy Byrd

Cornerstone Property Advisors License #BYRD*GD410K Listed on: 08/01/2013

Last Buyer's Agent

Karene Garlich-Loman

EXIT Real Estate Professionals License #23971

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,582

Year Built

  • Built in 1893

Lot Details

  • 0.48

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Additional Features

  • 0.48 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 25244.3008

Community Details

Overview

  • 5 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,582

Year Built

Built in 1893

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1893
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • Lot Size Acres: 0.48
  • Road Frontage Type: Paved Road
  • Reso Association Amenities: Laundry, Storage
  • Co List Office Phone: 509-321-2000
  • MLS Status: Sold
  • Reso Structure Type: Two Story
  • Master Plan Zoning: O-35
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Full
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Heating: Forced Air

Lot Info

  • Parcel Number: 25244.3008
  • Lot Size Sq Ft: 21300

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2013
Closed on
May 21, 2014
Sold by
Thomsen George A and Gates Thomsen Shannon
Bought by
Srk Properties Llc
Seller's Agent
Guy Byrd
Cornerstone Property Advisors
Buyer's Agent
Karene Garlich-Loman
EXIT Real Estate Professionals
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$969,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,751
Avg. Annual Appreciation
9.94%
Original Mortgage
$325,000
Outstanding Balance
$249,651
Interest Rate
4.31%
Mortgage Type
Construction
Estimated Equity
$719,528

Purchase Details

Closed on
Aug 13, 2009
Sold by
Gates Kenneth W
Bought by
Thomsen George A and Gates Thomsen Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,500
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Srk Properties Llc $335,000 First American Title Company
Thomsen George A $224,359 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srk Properties Llc $325,000
Previous Owner Thomsen George A $278,500
Previous Owner Gates Kenneth W $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2014 05/27/14 Sold $335,000 -4.3% $65 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
08/01/2013 08/01/13 For Sale $350,000 -- $68 / 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 $7,582 $813,900 $170,400 $643,500
2024 $7,582 $765,200 $170,400 $594,800
2023 $7,473 $816,500 $170,400 $646,100
2022 $3,981 $765,200 $170,400 $594,800
2021 $4,223 $432,650 $117,150 $315,500
2020 $3,883 $392,050 $117,150 $274,900
2019 $3,542 $373,750 $117,150 $256,600
2018 $4,053 $368,850 $117,150 $251,700
2017 $3,903 $363,250 $117,150 $246,100
2016 $3,710 $343,250 $117,150 $226,100
2015 $3,792 $343,250 $117,150 $226,100
2014 -- $343,250 $117,150 $226,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Guy Byrd

    Cornerstone Property Advisors

  • Karene Garlich-Loman

    Buyer's Agent in 2014

    Karene Garlich-Loman

    EXIT Real Estate Professionals

    (509) 990-2525

    1 in this area

    117 Total Sales

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201325946

Spokane Association of REALTORS®

APN: 25244.3008

Washington Spokane County Spokane 99204 Cliff-Cannon

1612 W 7th Ave, Spokane, WA

This home is located at 1612 W 7th Ave, Spokane, WA 99204 since 01 August 2013 and is currently estimated at $978,007, approximately $188 per square foot. This property was built in 1893. 1612 W 7th Ave is a home located in Spokane County with nearby schools including Roosevelt 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.

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