Listed by Kidder Mathews, Bought with eXp Realty
$300,000
SOLD SEP 10, 2024
7 Beds
-- Bath
2,605 Sq Ft
9,570 Sq Ft Lot

Recently Sold

$115 Per Sq Ft

54% Below List Price

29 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • Sacajawea Middle School Rated A-
  • Patio
  • 3-minute walk to Coeur D'Alene Park

About This Home

As of September 2024

Well-maintained, value-add duplex and triplex in Spokane's highly desired Brownes Addition neighborhood. With immediate opportunity to push rents combined with the ability to acquire residential financing, buyers will be well positioned make lucrative returns. Ownership has put ample capital improvements into the property since acquiring the buildings, including new roofs in 2020.

Last Agent to Sell the Property

Max Frame

Kidder Mathews License #130533 Listed on: 07/25/2024

Last Buyer's Agent

Hunter Mackay

eXp Realty License #20123491

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2269897

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,427

Year Built

  • Built in 1889

Lot Details

  • 9,570 Sq Ft Lot
  • Property is in good condition

Home Design

  • Composition Roof

Interior Spaces

  • 2,605 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25241.2110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,427

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1889
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2605
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.0%
  • Special Features: VirtualTour
  • Cumulative Days on Market: 243

Interior Features

  • Possible Use: Commercial
  • Possible Bedrooms: 7
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Window Unit A/C
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Avista
  • SewerCompany: City of Spokane
  • WaterCompany: City of Spokane
  • WaterSewerGarbage: 2466

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 2466

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 25241.2110
  • Lot Size Acres: 0.2197
  • Lot Size: 9570
  • Lot Size Sq Ft: 9570
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: County Assessor
  • MLSSquareFootageSource: County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.73
  • LeasedItems: None
  • TotalMonthlyIncome: 5046

Multi Family

  • Gross Scheduled Income: 60552
  • Net Operating Income: 28536
  • Number Of Units Total: 5
  • Electric Expense: 2466
  • Insurance Expense: 3000
  • Leasable Area: 2470
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5427
  • AdditionalTaxIds: 25241.2110,25241.2111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Aug 28, 2024
Sold by
Espanola Partners Llc
Bought by
Mikulski George
Seller's Agent
Max Frame
Kidder Mathews
Buyer's Agent
Hunter Mackay
eXp Realty
List Price
$650,000
Sold Price
$300,000
Premium/Discount to List
-$350,000
-53.85%
Views
18
Current Estimated Value
$380,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,908
Avg. Annual Appreciation
38.40%
Original Mortgage
$285,000
Outstanding Balance
$283,263
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$103,293

Purchase Details

Closed on
Nov 13, 2018
Sold by
Inland Empire Holdings Llc
Bought by
Espanola Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,887,500
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2017
Sold by
Clear Properties I Llc
Bought by
Brownes Addition Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2017
Sold by
Paine Penee M
Bought by
Kraiker Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2001
Sold by
Paine John C
Bought by
Paine Penee M
Source: Public Records

Similar Homes in Spokane, WA

  • 2022 W Dean Ave, Spokane, WA 99201

    $340,000

    • 5 Beds
    • 2 Baths
    • 2,146 Sq Ft
    • 2022 W Dean Ave
    • Spokane, WA

    This Cute Duplex is right across the street from a quaint little bakery, and just a few blocks from Kendall Yards and the amazing My Fresh Basket for all your groceries, etc. This would be an excellent location for an Airbnb...close to downtown, the Podium, the Spokane Arena, the New One Spokane Stadium. Also nearby is the Flour Mill, Riverfront Park and both Sacred Heart and Deaconess Hospital.

    Michael Gilroy Amplify Real Estate Services

    Section Image
  • 2524 W Dean Ave, Spokane, WA 99201

    $259,999

    • 5 Beds
    • 3 Baths
    • 2,271 Sq Ft
    • 2524 W Dean Ave
    • Spokane, WA

    Investor special. Triplex near Kendall Yards is ready to be remodeled. New electric with separate metered gas. There is alley access with lots of parking in the back. House Hack or Rent all 3 units to cash flow. Rents are based on historical listings.

    Karl Kennedy Keller Williams Spokane - Main

    Section Image
  • 618 E Broad Ave, Spokane, WA 99207

    $300,000

    • 5 Beds
    • 2 Baths
    • 2,538 Sq Ft
    • 618 E Broad Ave
    • Spokane, WA

    This unique Spokane home offers a rare opportunity for homeowners seeking flexible living options with the potential to help offset mortgage payments. Featuring two bedrooms on the main floor, two bedrooms in the basement, and a separate upstairs unit with its own private entrance, this home provides versatility for a variety of lifestyles. The upstairs space includes one bedroom, a

    Nick Briggs Windermere City Group

    Section Image
  • 3013 E Broad Ave, Spokane, WA 99217

    $299,900

    • 5 Beds
    • 2 Baths
    • 2,320 Sq Ft
    • 3013 E Broad Ave
    • Spokane, WA

    Investor alert or perfect house-hacking opportunity for owner occupant! This freshly updated duplex features a 3 bed, 1 bath upper unit and a 2 bed, 1 bath lower unit-both vacant and move-in ready. The upper unit previously rented for $1,300/month; the lower could potentially rent for $1,000/month. Fresh paint inside and out, all-new flooring, and a 2023 roof make this property a low-maintenance

    Cindy Carrigan REAL Broker LLC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $300,000 None Listed On Document
Warranty Deed $3,842,500 First American Title Ins Co
Warranty Deed $140,539 First American Title Ins Co
Warranty Deed $220,000 Spokane County Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,000 New Conventional
Previous Owner $2,887,500 Commercial
Previous Owner $105,000 Commercial
Previous Owner $165,000 Commercial
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $11,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Sold $300,000 -53.8% $115 / Sq Ft
07/25/2024 07/25/24 For Sale $650,000 -- $250 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $2,764 $278,200 $75,000 $203,200
2023 $2,486 $278,200 $75,000 $203,200
2022 $2,413 $253,720 $57,420 $196,300
2021 $2,279 $191,290 $40,190 $151,100
2020 $2,160 $174,590 $40,190 $134,400
2019 $1,854 $154,890 $40,190 $114,700
2018 $2,121 $152,290 $40,190 $112,100
2017 $1,900 $138,880 $51,680 $87,200
2016 $1,914 $136,880 $51,680 $85,200
2015 $1,901 $133,080 $51,680 $81,400
2014 -- $128,480 $51,680 $76,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2269897

Northwest Multiple Listing Service (NWMLS)

APN: 25241.2110