OPEN SUN 2PM - 2PM
$85K PRICE DROP
1971 Sheridan Place Richland, WA 99352
Meadow Springs NeighborhoodEstimated payment $3,098/month
Total Views
2,173
5
Beds
3
Baths
2,620
Sq Ft
$189
Price per Sq Ft
Highlights
- Cooling Available
- 1-Story Property
- Heating Available
- Orchard Elementary School Rated A
About This Home
MLS# 285130 Welcome to Meadow Springs—an established and sought-after neighborhood where timeless mid-century character meets modern comfort and versatility. This approximately 2,620 sq ft home, originally built in 1973, features a thoughtful 2015 addition and stylish updates throughout. Two self-contained studio apartments, each considered bedrooms, offer flexible options for multi-generational living, guest space, home offices, or creative retreats. Let your imagination run wild. Whether you're looking to live together while enjoying private space, accommodate extended family, or simply want extra room to grow, this rare Richland opportunity checks all the boxes. With off-street parking for all your extended family, beautiful finishes, and a versatile layout, this home offers comfort, function, and room for your lifestyle. This Meadow Springs gem is located in a fabulous neighborhood and close to everything.
Open House Schedule
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Sunday, August 03, 20252:00 to 2:00 pm8/3/2025 2:00:00 PM +00:008/3/2025 2:00:00 PM +00:00Spacious Home with Income Potential in a Prime Location This one-of-a-kind property offers the perfect blend of flexibility, function, and financial sense. Whether you're looking for a fabulous location, a home with room for every member of the family, or a way to generate rental income, this property delivers. With its thoughtful layout and versatile design, it’s ideal for multigenerational living, home-based businesses, or simply enjoying extra space. If you find yourself with more room than you need, the additional area offers fantastic income potential—a smart way to offset costs while maintaining privacy and comfort.Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,367
Year Built
- Built in 1973
Lot Details
- 0.3 Acre Lot
- Zoning described as Multi-Family RE
Home Design
- Concrete Foundation
- Composition Shingle Roof
Interior Spaces
- 2,620 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Shop
Utilities
- Cooling Available
- Heating Available
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,074 | $469,670 | $95,000 | $374,670 |
| 2023 | $3,340 | $435,610 | $95,000 | $340,610 |
| 2022 | $3,369 | $334,270 | $75,000 | $259,270 |
| 2021 | $3,161 | $303,770 | $75,000 | $228,770 |
| 2020 | $3,064 | $273,260 | $75,000 | $198,260 |
| 2019 | $2,849 | $250,390 | $75,000 | $175,390 |
| 2018 | $3,093 | $250,390 | $75,000 | $175,390 |
| 2017 | $2,018 | $227,510 | $75,000 | $152,510 |
| 2016 | $2,083 | $168,190 | $43,200 | $124,990 |
| 2015 | $2,104 | $139,000 | $43,200 | $95,800 |
| 2014 | -- | $139,000 | $43,200 | $95,800 |
| 2013 | -- | $139,000 | $43,200 | $95,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Price Changed | $495,000 | -4.7% | $189 / Sq Ft |
| 07/05/2025 07/05/25 | Price Changed | $519,500 | -0.1% | $198 / Sq Ft |
| 06/28/2025 06/28/25 | Price Changed | $520,000 | -10.3% | $198 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $580,000 | -- | $221 / Sq Ft |
Source: Pacific Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $343,203 | Cascade Title Company | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $25,000 | New Conventional | |
| Closed | $693 | FHA | |
| Closed | $12,500 | FHA | |
| Open | $40,040 | FHA | |
| Closed | $25,931 | FHA | |
| Open | $267,000 | FHA | |
| Previous Owner | $137,900 | New Conventional | |
| Previous Owner | $107,000 | New Conventional |
Source: Public Records
Similar Homes in Richland, WA
Source: Pacific Regional MLS
MLS Number: 285130
APN: 136982040002002
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