NOT LISTED FOR SALE

1629 E Rowan Ave Unit 1631 E Rowan Ave Spokane, WA 99207

Whitman Neighborhood

Estimated Value: $316,172 - $381,000

4 Beds
2 Baths
1,960 Sq Ft
$179/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $329,000 $168 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,243/month

8 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Forced Air Heating and Cooling System
  • Baseboard Heating

About This Home

As of May 2022

Well located and tidy up and down duplex with great visibility on E Rowan Avenue. Located across from Whitman Elementary School, all services are conveniently available via Nevada, Division or Market Streets. Updated units each having a fireplace to attract and retain tenants as well as washer/dryer hookups. The exterior is low maintenance vinyl siding with vinyl windows. The roof was new in 2018 making this a virtual turnkey investment! Both units currently rented with room for rent increases. Storage shed and off street, uncovered parking in the back accessed via the alley.

Last Agent to Sell the Property

Jay Overholser

SDS Realty, Inc. License #43093 Listed on: 02/09/2022

Last Buyer's Agent

Chelsea McFarland

Prime Real Estate Group License #124056

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,973

Year Built

  • Built in 1972

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Fireplace in Primary Bedroom
  • 1,960 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Basement with some natural light
  • Free-Standing Range

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Available at Street

Community Details

  • 2 Units
  • Water Sewer Expense $2,580

Listing and Financial Details

  • Assessor Parcel Number 36332.2425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,973

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd
  • Class: Rental Income
  • Year Built: 1972
  • Style Of Construction: 1-1/2 Story
  • Lvt Date: 02/09/2022
  • Common Interest Community: No
  • Geo Address Line: 1629 E Rowan Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 2/9/2022 7:44:51 PM
  • Geo Zoom Level: 15
  • Allow Public Comments: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 1960
  • Price Per Sq Ft: 167.86
  • Number of Stories: 2
  • Basement: Daylight
  • Fireplace: Masonry
  • Kitchen Appliances: Fr Stnd Rng, Refrig
  • Primary Bedroom: Frplc
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: Vinyl
  • Roof: Comp

Garage/Parking

  • Garage Parking: Alley Access
  • Garage Size: 0
  • Number Parking Spaces: 4

Utilities

  • Heating/Cooling: Gas, Elec, Forced Air, Basebd
  • Power Company: Avista
  • Water Company: City

Schools

  • School District: Spokane Dist 81
  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 0.14
  • Estimated Lot Sq Ft: 6250
  • Loc Dir E W: e
  • Loc Numberblk E W: 16
  • Parcel Number: 36332.2425
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr, Gas Avail-St
  • Loc Numberblk N S: 57

Tax Info

  • Tax Database Id: 1
  • Taxes: 1973
  • Assessor Parcel Number: 36332.2425

Multi Family

  • Number Of Units: 2
  • Number Units A: 1
  • Number Units B: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2024
Sold by
Rezin Hanna
Bought by
Husain-Rezin Familytrust
Total Days on Market
8
Current Estimated Value
$351,793

Purchase Details

Listed on
Feb 9, 2022
Closed on
May 10, 2022
Sold by
Lilac City Properties Llc
Bought by
Husain Azam and Rezin Hanna
Seller's Agent
Jay Overholser
SDS Realty, Inc.
Buyer's Agent
Chelsea McFarland
Prime Real Estate Group
List Price
$329,000
Sold Price
$329,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.21%
Original Mortgage
$246,750
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2016
Sold by
Pavani Vijayalakshmi
Bought by
The Lilac City 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
$200,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2014
Sold by
Lilac City Properties Llc
Bought by
Rowan Avenue Trust

Purchase Details

Closed on
Mar 10, 2014
Sold by
Diprete Brenda and Diprete David
Bought by
Lilac City 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
$72,000
Interest Rate
4.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2011
Sold by
Diprete David
Bought by
Diprete Brenda

Purchase Details

Closed on
Jun 27, 2008
Sold by
Baker Terry C
Bought by
Diprete Brenda and Diprete David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,600
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2004
Sold by
Bates Garth and Penny Bates E
Bought by
Baker Terry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
Husain-Rezin Familytrust $313 None Listed On Document
Husain Azam -- First American Title
The Lilac City Properties Llc -- None Available
Rowan Avenue Trust -- None Available
Lilac City Properties Llc $90,000 Spokane County Title Co
Diprete Brenda -- None Available
Diprete Brenda $134,000 Stewart Title Of Spokane
Baker Terry C $110,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Husain Azam $246,750
Previous Owner Lilac City Properties Llc $200,000
Previous Owner Lilac City Properties Llc $72,000
Previous Owner Diprete Brenda $120,600
Previous Owner Baker Terry C $88,000
Closed Baker Terry C $11,265
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $329,000 0.0% $168 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $329,000 -- $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
2024 $3,317 $334,100 $70,000 $264,100
2023 $2,142 $334,100 $70,000 $264,100
2022 $1,973 $218,500 $60,000 $158,500
2021 $1,861 $156,000 $36,000 $120,000
2020 $1,755 $141,700 $34,000 $107,700
2019 $1,522 $127,000 $20,000 $107,000
2018 $1,543 $110,700 $20,000 $90,700
2017 $1,394 $101,800 $20,000 $81,800
2016 $1,347 $96,200 $20,000 $76,200
2015 $1,329 $92,900 $27,500 $65,400
2014 -- $108,800 $27,500 $81,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202211138

Spokane Association of REALTORS®

APN: 36332.2425