NOT LISTED FOR SALE

Estimated Value: $490,477 - $513,000

4 Beds
3 Baths
2,094 Sq Ft
$238/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $440,000 $210 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,029/month

4 Days on Market

Highlights

  • 0.55 Acre Lot
  • Ranch Style House
  • 1 Car Attached Garage
  • Mountain View
  • Family Room Off Kitchen
  • Dual Closets

About This Home

As of December 2021

Updated duplex on huge lot in Central Valley School district! Seller has done all the hard work for you-brand new roof this year and newer appliances on both sides. Also includes brand new luxury vinyl plank flooring and both units have a toasty warm gas stove as well as mini splits. Unit #1 is a master bedroom with addl den/office and bath, master bath has been completely remodeled. Unit #2 is a 2bed/1 bath. Both units have an attached extra long tandem garage and covered back patios. Future potential for an expansion to existing duplex or a small casita in back. Seller nor list agent make no representations or warranties about the future development or expansion. Water is paid through county taxes. Seller pays $96 total in month sewer fees. Great income potential!

Last Agent to Sell the Property

Josie Krahn

Windermere Liberty Lake License #12879 Listed on: 10/21/2021

Windermere Liberty Lake

Last Buyer's Agent

Cami Flaget

Realty One Group Eclipse License #94664

Realty One Group Eclipse

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.55 Acre Lot
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Property Views

  • Mountain
  • Territorial

Home Design

  • Ranch Style House
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 2,094 Sq Ft Home
  • Family Room Off Kitchen

Kitchen

  • Stove
  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • Dual Closets
  • Primary Bathroom is a Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Central Valley High School

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heat Pump System
  • Private Water Source
  • Internet Available
  • Cable TV Available

Community Details

  • 2 Units
  • Building Patio

Listing and Financial Details

  • Assessor Parcel Number 55202.0264

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1990
  • Style Of Construction: 1 Story
  • Lvt Date: 10/21/2021
  • Common Interest Community: No
  • Geo Address Line: 18711 E 8th Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 10/21/2021 10:49:52 PM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Allow Public Comments: Yes
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 2094
  • Price Per Sq Ft: 210.12
  • Special Features: Mn Flr Util, Vinyl Wn Fr
  • Design: Rancher
  • Family/Recreation Room: 1st Flr, Off Kit
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Washer, Dryer
  • Primary Bedroom: Dbl Clst, Full Bath
  • Stove: Gas
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: T-111, Wood
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 1
  • Number Garages: 2

Utilities

  • Heating/Cooling: Gas, Elec, Htpump
  • Power Company: Avista

Condo/Co-op/Association

  • Amenities: Cable TV, Patio, Cable Internet

Schools

  • School District: Central Valley

Lot Info

  • Acres Mol: 0.55
  • Estimated Lot Sq Ft: 23958
  • Lot Information: Spr Sys, Level, Open
  • Lot View: Mountain, Territorial
  • Parcel Number: 55202.0264
  • Site Improvements: Pub Sewer, Swr Conn, Pvt Wtr

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 2, 2021
Sold by
Mills John A
Bought by
Demand Ryan D
Seller's Agent
Josie Krahn
Windermere Liberty Lake
Buyer's Agent
Cami Flaget
Realty One Group Eclipse
List Price
$435,000
Sold Price
$440,000
Premium/Discount to List
$5,000
1.15%
Current Estimated Value
$498,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,869
Avg. Annual Appreciation
3.09%
Original Mortgage
$330,000
Outstanding Balance
$302,178
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$196,691

Purchase Details

Listed on
Jul 25, 2016
Closed on
Oct 11, 2016
Sold by
Nelson Mark R
Bought by
Mills John A
Seller's Agent
Tom Hormel
RE/MAX Inland Empire
Buyer's Agent
Jack Morse
Windermere North
List Price
$250,000
Sold Price
$236,000
Premium/Discount to List
-$14,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.91%

Purchase Details

Closed on
Jun 8, 2010
Sold by
Dierks Larry D and Dierks Dawn M
Bought by
Nelson Mark R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Demand Ryan D $440,000 First American Title Ins Co
Demand Ryan D -- First American Title Ins Co
Mills John A $236,000 Stewart Title Of Spokane
Nelson Mark R $185,280 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demand Ryan D $330,000
Closed Demand Ryan D $330,000
Previous Owner Nelson Mark R $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2021 12/03/21 Sold $440,000 +1.1% $210 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $435,000 +84.3% $208 / Sq Ft
10/17/2016 10/17/16 Sold $236,000 -5.6% $113 / Sq Ft View Prior Sale
09/30/2016 09/30/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $250,000 -- $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 $5,042 $451,600 $130,000 $321,600
2024 $5,042 $436,600 $120,000 $316,600
2023 $4,600 $448,500 $120,000 $328,500
2022 $4,048 $442,600 $120,000 $322,600
2021 $3,961 $290,400 $85,000 $205,400
2020 $3,600 $265,400 $80,000 $185,400
2019 $3,273 $249,300 $70,000 $179,300
2018 $3,494 $223,600 $65,000 $158,600
2017 $3,104 $199,400 $65,000 $134,400
2016 $2,988 $185,100 $60,000 $125,100
2015 $2,890 $175,100 $50,000 $125,100
2014 -- $171,700 $50,000 $121,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202124200

Spokane Association of REALTORS®

APN: 55202.0264