NOT LISTED FOR SALE

1621 4th St Cheney, WA 99004

Estimated Value: $308,000 - $351,000

4 Beds
2 Baths
1,638 Sq Ft
$197/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $265,000 $162 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,991/month

55 Days on Market

Highlights

  • Corner Lot
  • Shed
  • Utility Room
  • Halls are 32 inches wide or more
  • Baseboard Heating
  • Fenced

About This Home

As of February 2020

Please do not disturb tenants. Fantastic income producing opportunity with exceptional rental history in growing Cheney/Medical Lake area. Both units have 2 bedrooms and 1 bathroom. Easy maintenance brick building, new roof, rare off street parking for both units, storage space and new flooring in main living areas, kitchen and bathroom. Take confidence in a proven college campus rental investment.

Last Agent to Sell the Property

Jessica Smith

eXp Realty, LLC Branch License #110127 Listed on: 11/26/2019

eXp Realty, LLC Branch

Co-Listed By

Kristina Carlson

eXp Realty, LLC Branch License #130567

Last Buyer's Agent

Jennifer Randolph

Realty One Group Eclipse License #119128

Realty One Group Eclipse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,768

Year Built

  • Built in 1970

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Utility Room
  • Free-Standing Range

Parking

  • 8 Parking Spaces
  • Off-Site Parking

Accessible Home Design

  • Halls are 32 inches wide or more
  • Doors are 32 inches wide or more

Schools

  • Cheney Middle School
  • Cheney High School

Additional Features

  • Shed
  • Baseboard Heating

Community Details

  • 2 Units
  • Community Storage Space
  • Water Sewer Expense $360

Listing and Financial Details

  • Assessor Parcel Number 13124.3802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,768

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fencing, Corner Lot
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Storage
  • Co List Office Mls Id: SAR872
  • Co List Office Phone: 509-458-4000
  • Co List Office Phone: 509-458-4000
  • MLS Status: Sold
  • Reso Accessibility Features: Door Width 32 Inches or More, Hallways 32+
  • Architectural Style: Rancher
  • Reso Interior Features: Utility Room
  • Reso Structure Type: One Story
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Basement: Crawl Space
  • Appliances: Free-Standing Range, Refrigerator
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Parking Features: Off Site
  • Total Parking Spaces: 8

Utilities

  • Heating: Electric, Baseboard
  • NumberOfRanges: 2

Fee Information

  • Annual Water Sewer Expense: 360

Schools

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

Lot Info

  • Parcel Number: 13124.3802
  • Lot Size Sq Ft: 7000

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1767.79

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2022
Sold by
Revocable Trust
Bought by
Luo Weibiao and Li Jun
Current Estimated Value
$323,348

Purchase Details

Listed on
Nov 26, 2019
Closed on
Feb 5, 2020
Sold by
Edwards Richard A
Bought by
Gainer Clark A and The Darylyne Ruth Hatten Revocable Trust
Seller's Agent
Jessica Smith
eXp Realty, LLC Branch
Buyer's Agent
Jennifer Randolph
Realty One Group Eclipse
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%

Purchase Details

Closed on
Mar 29, 2018
Sold by
Edwards Judith A
Bought by
Edwards Living Trust and Edwards

Purchase Details

Closed on
Mar 19, 2018
Sold by
Edwards Richard A and The Estate Of Judith A Edwards
Bought by
Edwards Richard A and Edwards Living Trust

Purchase Details

Closed on
Sep 30, 2006
Sold by
Edwards Amanda R
Bought by
Edwards Richard A and Edwards Judith A

Purchase Details

Closed on
Jul 10, 2006
Sold by
Edwards Richard A and Edwards Judith A
Bought by
Edwards Richard A and Edwards Judith A

Purchase Details

Closed on
Sep 1, 1999
Sold by
Butcher Donald P
Bought by
Edwards Richard A and Edwards Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,380
Interest Rate
7.47%
Mortgage Type
FHA
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
Luo Weibiao -- First American Title
Gainer Clark A $265,000 First American Title Ins Co
Edwards Living Trust -- None Listed On Document
Edwards Richard A -- None Available
Edwards Richard A -- None Available
Edwards Richard A -- None Available
Edwards Richard A $90,500 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwards Richard A $70,380
Closed Edwards Richard A $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2020 02/06/20 Sold $265,000 -2.9% $162 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
12/30/2019 12/30/19 Price Changed $273,000 -0.7% $167 / Sq Ft
11/26/2019 11/26/19 For Sale $275,000 -- $168 / 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 $3,324 $307,400 $70,000 $237,400
2024 $3,324 $301,400 $75,000 $226,400
2023 $3,000 $265,200 $75,000 $190,200
2022 $3,070 $358,100 $75,000 $283,100
2021 $2,901 $253,700 $31,500 $222,200
2020 $1,985 $162,400 $30,000 $132,400
2019 $1,768 $152,200 $28,000 $124,200
2018 $1,833 $137,400 $28,000 $109,400
2017 $1,586 $131,300 $28,000 $103,300
2016 $1,520 $121,200 $28,000 $93,200
2015 $1,469 $119,100 $28,000 $91,100
2014 -- $119,100 $28,000 $91,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201926677

Spokane Association of REALTORS®

APN: 13124.3802