NOT LISTED FOR SALE

1722 3rd St Cheney, WA 99004

Estimated Value: $328,933 - $370,000

4 Beds
2 Baths
1,980 Sq Ft
$180/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $280,000 $141 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,305/month

8 Days on Market

Highlights

  • 838 Car Attached Garage
  • Heating Available
  • 4-minute walk to Centennial Park
  • High Speed Internet
  • 1-Story Property

About This Home

As of June 2021

EWU/Cheney investment opportunity. Well maintained duplex with good rental history . Side by side units are both 990 Sq Ft each, with 2 bedrooms, 1 bathroom, a living room and kitchen plus each unit has separate laundry. Sprinkler system. Newer TPO Roofing. Close to shopping, bowling, bus route, and restaurants. Landlord pays water bill, tenants responsible for electric, sewer, and garbage.

Last Listed By

Brad Foien

Cheney Realty, Inc. License #9107 Listed on: 04/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 1968

Lot Details

  • 7,000 Sq Ft Lot

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property

Kitchen

  • Free-Standing Range
  • Dishwasher

Parking

  • 838 Car Attached Garage
  • 2 Carport Spaces

Schools

  • CMS Middle School
  • Cheney High School

Utilities

  • Heating Available
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 13124.4411

Community Details

Overview

  • 2 Units
  • Cheney Callaways Subdivision

Building Details

  • Water Sewer Expense $480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,255

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Year Built: 1968
  • Property Sub-Type: Rental
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Paved Road
  • Co List Office Phone: 509-235-6191
  • MLS Status: Sold
  • Subdivision Name: Cheney Callaways
  • Architectural Style: Rancher
  • Master Plan Zoning: R2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: See Remarks
  • Construction Type: Wood

Garage/Parking

  • Parking Features: Attached, Carport
  • Total Parking Spaces: 838

Utilities

  • Heating: Electric
  • NumberOfRanges: 2

Fee Information

  • Annual Water Sewer Expense: 480

Schools

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

Lot Info

  • Parcel Number: 13124.4411
  • Lot Size Sq Ft: 7000
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2255
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 4, 2021
Sold by
Walker Keith and Walker Kathy
Bought by
Schmidt Michael K and Schmidt Audrea L
Seller's Agent
Brad Foien
Cheney Realty, Inc.
Buyer's Agent
Chelsea McFarland
Prime Real Estate Group
List Price
$280,000
Sold Price
$280,000
Total Days on Market
8
Current Estimated Value
$355,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,483
Avg. Annual Appreciation
6.23%
Original Mortgage
$210,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2016
Sold by
Walker Keith and Walker Kathy
Bought by
Keith & Kathy Walker Living Trust and Walker Kathy

Purchase Details

Closed on
Aug 1, 2005
Sold by
Mcmanis Elizabeth and Sturgeon Jann L
Bought by
Walker Keith W and Walker Kathy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,900
Interest Rate
5.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 25, 2005
Sold by
Sturgeon Frances I
Bought by
Mcmanis Elizabeth and Sturgeon Jann L

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
Schmidt Michael K $280,000 First American Title Ins Co
Keith & Kathy Walker Living Trust -- None Available
Walker Keith W $119,900 Spokane County Title Co
Mcmanis Elizabeth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Michael K $808,000
Closed Schmidt Michael K $210,000
Previous Owner Walker Keith W $101,500
Previous Owner Walker Keith W $95,900
Previous Owner Walker Keith W $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $280,000 0.0% $141 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $280,000 -- $141 / 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 $3,790 $343,800 $75,000 $268,800
2023 $2,702 $300,800 $75,000 $225,800
2022 $2,623 $322,300 $75,000 $247,300
2021 $2,255 $197,000 $31,500 $165,500
2020 $2,182 $178,600 $30,000 $148,600
2019 $1,940 $167,100 $28,000 $139,100
2018 $2,131 $159,800 $28,000 $131,800
2017 $1,841 $152,500 $28,000 $124,500
2016 $1,728 $137,900 $28,000 $109,900
2015 $1,669 $135,400 $28,000 $107,400
2014 -- $135,400 $28,000 $107,400
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202114284

Spokane Association of REALTORS®

APN: 13124.4411