NOT LISTED FOR SALE

2029 E Pacific Ave Spokane, WA 99202

East Central Neighborhood

Estimated Value: $324,149 - $360,000

4 Beds
2 Baths
1,770 Sq Ft
$194/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $305,000 $172 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,052/month

31 Days on Market

Highlights

  • Property is near public transit
  • Territorial View
  • Shed
  • Sacajawea Middle School Rated A-
  • Cul-De-Sac
  • Baseboard Heating

About This Home

As of September 2021

Great investment opportunity with steady rental history, nice curb appeal, in Lewis & Clark School District, and minutes to Gonzaga U. Great tenants! This well maintained duplex was built in 1988 and was remodeled in 2000. Upper Unit A has 2 bed/1 bath, 906 SF and lower Unit B has 2 bed/.75 bath, 864 SF. Both units have a range, fridge, dishwasher, & laundry hookups. Fenced corner lot w/sprinkler system & 6x 8 storage shed. Both sides are currently rented. Tenants pay power. Plenty of parking on the property. 1.5 miles to Gonzaga University. Minutes to downtown Spokane, the airport, and I-90. PLEASE don't approach property/tenants. Buyer will need to participate in Seller's 1031 Exchange. Call today and add this great property to your investment portfolio. Ask to see the 3D Virtual Tour

Last Agent to Sell the Property

Todd Bunger

Professional Realty Services License #98699 Listed on: 07/12/2021

Professional Realty Services

Last Buyer's Agent

Judith Torok

Prime Real Estate Group License #103090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1988

Lot Details

  • 7,100 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot
  • Open Lot

Home Design

  • Siding

Interior Spaces

  • 1,770 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Dishwasher

Parking

  • Alley Access
  • Off-Site Parking

Schools

  • Sacajewa Middle School
  • Lewis & Clark High School

Additional Features

  • Shed
  • Property is near public transit
  • Baseboard Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35212.0808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,098

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Year Built: 1988
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Views, Level, Open Lot, Cul-De-Sac, City Bus (w/in 6 blks)
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: Territorial
  • Reso Association Amenities: See Remarks
  • Co List Office Phone: 888-302-5550
  • MLS Status: Sold
  • Reso Structure Type: Two Story
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2000

Interior Features

  • Basement: Full, Finished
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Siding
  • Other Structures: Shed(s), See Remarks

Garage/Parking

  • Parking Features: Off Site, Alley Access

Utilities

  • Heating: Electric, Baseboard

Schools

  • Elementary School: Stevens
  • High School: Lewis & Clark
  • Middle Or Junior School: Sacajewa

Lot Info

  • Parcel Number: 35212.0808
  • Lot Size Sq Ft: 7100

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2098
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2022
Sold by
Sarwine Rentals Llc
Bought by
Sarwine Christopher T and Sarwine Christine Kay
Current Estimated Value
$344,037

Purchase Details

Closed on
Feb 19, 2022
Sold by
Sarwine Christopher T and Sarwine Bo Christine
Bought by
Sarwine Rentals Llc

Purchase Details

Listed on
Jul 12, 2021
Closed on
Sep 2, 2021
Sold by
Marovitch Paul
Bought by
Sarwine Christopher T and Sarwine Christine K
Seller's Agent
Todd Bunger
Professional Realty Services
Buyer's Agent
Judith Torok
Prime Real Estate Group
List Price
$349,000
Sold Price
$305,000
Premium/Discount to List
-$44,000
-12.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%
Original Mortgage
$228,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2020
Closed on
Jun 23, 2020
Sold by
Marovitch Jacquie
Bought by
Marovitch Paul
Seller's Agent
Peggy McCartney
John L Scott, Inc.
Buyer's Agent
Todd Bunger
Professional Realty Services
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.58%
Original Mortgage
$172,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2005
Sold by
Green Richard D and Green Colleen A
Bought by
Phillips Kelly and Phillips Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
6.36%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sarwine Christopher T $313 None Listed On Document
Sarwine Christopher T $313 None Listed On Document
Sarwine Rentals Llc $313 None Listed On Document
Sarwine Christopher T $305,000 First American Title Ins Co
Marovitch Paul -- Wfg National Title Co
Phillips Kelly $115,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarwine Christopher T $228,750
Previous Owner Marovitch Paul $172,000
Previous Owner Phillips Kelly $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2021 09/17/21 Sold $305,000 -4.7% $172 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
07/31/2021 07/31/21 Price Changed $320,000 -8.3% $181 / Sq Ft
07/23/2021 07/23/21 For Sale $349,000 +14.4% $197 / Sq Ft
07/21/2021 07/21/21 Off Market $305,000 -- --
07/12/2021 07/12/21 For Sale $349,000 +62.3% $197 / Sq Ft
06/23/2020 06/23/20 Sold $215,000 0.0% $121 / Sq Ft View Prior Sale
04/30/2020 04/30/20 Pending -- -- --
04/11/2020 04/11/20 For Sale $215,000 -- $121 / 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 $3,055 $300,600 $75,000 $225,600
2024 $3,055 $307,600 $70,000 $237,600
2023 $2,710 $317,100 $70,000 $247,100
2022 $2,298 $276,680 $65,680 $211,000
2021 $2,098 $175,990 $37,490 $138,500
2020 $1,846 $149,080 $34,080 $115,000
2019 $1,283 $107,000 $22,500 $84,500
2018 $1,520 $109,000 $18,000 $91,000
2017 $1,404 $102,500 $18,000 $84,500
2016 $1,423 $101,700 $18,000 $83,700
2015 $1,412 $98,700 $15,000 $83,700
2014 -- $106,200 $20,000 $86,200
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Bunger

    Seller's Agent in 2021

    Todd Bunger

    Professional Realty Services

    (360) 920-9237

    5 in this area

    76 Total Sales

    Todd Bunger
    Section Image
  • Judith Torok

    Buyer's Agent in 2021

    Judith Torok

    Prime Real Estate Group

    (509) 464-9516

    2 in this area

    51 Total Sales

    Judith Torok
    Section Image

  • P

    Seller's Agent in 2020

    Peggy McCartney

    John L Scott, Inc.

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202118732

Spokane Association of REALTORS®

APN: 35212.0808

Washington Spokane County Spokane 99202 East Central

2029 E Pacific Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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