NOT LISTED FOR SALE

1626 E 7th Ave Spokane, WA 99202

East Central Neighborhood

Estimated Value: $464,000 - $662,000

6 Beds
6 Baths
3,356 Sq Ft
$167/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $406,000 $121 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,350/month

Highlights

  • Fenced Yard
  • 2 Car Attached Garage
  • Heating Available
  • Sacajawea Middle School Rated A-
  • Patio

About This Home

As of March 2020

Own an investment property on the South Hill in the sought after Perry District. Play at the near by Grant Park and enjoy the gourmet restaurants, coffee, and ice cream. Only a few minutes from downtown. Each unit of this duplex features approximately 1678 sqft per side with an attached garage, 3 bedrooms, 3 bathrooms, washer and dryer hookups, and a fenced back yard. Rent rates in the area are $1350 - $1500 a month. Get even more as a VRBO or Airbnb.

Last Agent to Sell the Property

James Cote

Kelly Right Real Estate of Spokane License #120113 Listed on: 03/06/2020

Last Buyer's Agent

Patrick McHenry-Kroetch

Tamarack Realty License #120191

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,702

Year Built

  • Built in 2006

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced Yard

Parking

  • 2 Car Attached Garage
  • Off-Site Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,356 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Outdoor Features

  • Patio

Schools

  • Sacajawea Middl Middle School
  • Lewis & Clark High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Gas Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35213.2119

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,702

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Year Built: 2006
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Gravel
  • Reso Association Amenities: Patio, Gas, None
  • Co List Office Phone: 509-489-7000
  • MLS Status: Sold
  • Reso Interior Features: Windows Vinyl
  • Reso Structure Type: Two Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave
  • Basement YN: No
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Off Site
  • Total Parking Spaces: 4

Utilities

  • Heating: Electric, Ductless
  • NumberOfRanges: 2

Schools

  • Elementary School: Grant Element
  • High School: Lewis & Clark
  • Middle Or Junior School: Sacajawea Middl

Lot Info

  • Parcel Number: 35213.2119
  • Lot Size Sq Ft: 6750

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3702

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Mar 13, 2020
Sold by
Luse John M and Luse Rachel L
Bought by
Reuland Ralf and Reuland Mary
Seller's Agent
James Cote
Kelly Right Real Estate of Spokane
Buyer's Agent
Patrick McHenry-Kroetch
Tamarack Realty
List Price
$400,000
Sold Price
$406,000
Premium/Discount to List
$6,000
1.5%
Current Estimated Value
$559,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,906
Avg. Annual Appreciation
5.69%

Purchase Details

Closed on
Oct 11, 2017
Sold by
Moon Dillon J
Bought by
Luse John M and Luse Rachel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,155
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2017
Sold by
Moon Dillon J and Moon Dillion J
Bought by
Moon Melissa Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,155
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 22, 2014
Sold by
Moon Dillon J
Bought by
Moon Dillon J

Purchase Details

Closed on
Apr 6, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Moon Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2010
Sold by
Holan John F
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 13, 2007
Sold by
Holan John F
Bought by
Holan John F and Holan Living Trust

Purchase Details

Closed on
Sep 26, 2006
Sold by
Chumov Andrey and Chumov Iya
Bought by
Holan John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Hylton Keith and Bell Peyton
Bought by
Chumov Andrey and Chumov Iya
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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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
Reuland Ralf $406,000 Vista Title & Escrow Llc
Luse John M $265,000 Spokane County Title Company
Moon Melissa Ann -- None Available
Moon Dillon J -- None Available
Moon Melissa -- Spokane County Title Co
Federal Home Loan Mortgage Corp $192,472 Spokane County Title Co
Holan John F -- None Available
Holan John F $285,000 First American Title Ins
Chumov Andrey $8,500 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luse John M $256,155
Previous Owner Moon Melissa $124,500
Previous Owner Holan John F $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $406,000 +1.5% $121 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $400,000 -- $119 / 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 $5,413 $594,400 $95,000 $499,400
2024 $5,413 $546,000 $95,000 $451,000
2023 $5,284 $531,000 $80,000 $451,000
2022 $5,071 $540,700 $55,000 $485,700
2021 $4,726 $397,700 $43,300 $354,400
2020 $3,703 $300,000 $37,500 $262,500
2019 $2,971 $248,500 $35,000 $213,500
2018 $3,597 $258,660 $18,560 $240,100
2017 $3,680 $269,500 $35,000 $234,500
2016 $3,460 $247,900 $35,000 $212,900
2015 $3,284 $230,200 $25,000 $205,200
2014 -- $225,100 $25,000 $200,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    James Cote

    Kelly Right Real Estate of Spokane

    (509) 362-4977

    12 Total Sales

    James Cote
    Section Image
  • Patrick McHenry-Kroetch

    Buyer's Agent in 2020

    Patrick McHenry-Kroetch

    Tamarack Realty

    (509) 344-9002

    3 in this area

    209 Total Sales

    Patrick McHenry-Kroetch
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202012523

Spokane Association of REALTORS®

APN: 35213.2119

Washington Spokane County Spokane 99202 East Central

1626 E 7th Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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