NOT LISTED FOR SALE

2407 S University Rd Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $424,258 - $557,000

5 Beds
3 Baths
2,080 Sq Ft
$223/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $474,000 $228 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,910/month

4 Days on Market

Highlights

  • 2 Car Attached Garage
  • Cooling Available
  • Heating Available

About This Home

As of October 2023

Investment Opportunity in top Spokane valley school district. Cosmetically upgraded with new floors, fresh paint, updated kitchens and bathrooms. Unit A has all new stainless steel GE Appliances along with an attached 2 car garage. Acquire a vacant duplex. Easily move in one side and rent out or Airbnb the other side for competitive market rates.

Last Agent to Sell the Property

Jared English

Congress Realty, Inc. License #50330 Listed on: 09/14/2023

Last Buyer's Agent

Leah Cunningham

Windermere Valley License #21006906

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,035

Year Built

  • Built in 1975

Lot Details

  • 0.3 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Hardboard

Interior Spaces

  • 2,080 Sq Ft Home
  • Crawl Space

Schools

  • University Elementary School
  • Bowdish Middle School
  • University High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 45283.2805

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,035

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd
  • Class: Rental Income
  • Year Built: 1975
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 09/14/2023
  • Common Interest Community: No
  • Geo Address Line: 2407 S University Rd
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/14/2023 8:36:25 PM
  • Geo Zoom Level: 15
  • Sr High: University
  • Jr High: Bowdish
  • Allow Public Comments: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Approx Sq Ft: 2080
  • Price Per Sq Ft: 227.88
  • Basement: Crawl, Slab

Exterior Features

  • Exterior: Brick, Hardboard
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 2

Utilities

  • Heating/Cooling: Elec
  • Power Company: Avista
  • Water Company: Spokane

Schools

  • School District: Central Valley
  • Elementary School: University
  • Middle School: Bowdish
  • High School: University
  • School District: Central Valley
  • Elementary School: University

Lot Info

  • Acres Mol: 0.3
  • Estimated Lot Sq Ft: 12982
  • Parcel Number: 45283.2805
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Tax Info

  • Taxes: 3035

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 26, 2023
Sold by
High Way Holdings Llc
Bought by
Meza Robert E
Seller's Agent
Jared English
Congress Realty, Inc.
Buyer's Agent
Leah Cunningham
Windermere Valley
List Price
$479,999
Sold Price
$474,000
Premium/Discount to List
-$5,999
-1.25%
Views
34
Current Estimated Value
$464,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,685
Avg. Annual Appreciation
-1.60%
Original Mortgage
$484,865
Outstanding Balance
$476,742
Interest Rate
7.18%
Mortgage Type
VA
Estimated Equity
-$16,784

Purchase Details

Closed on
Aug 9, 2018
Sold by
Ness Kenneth L
Bought by
High Way Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Meza Robert E $474,000 Vista Title
High Way Holdings Llc $160,000 Vista Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meza Robert E $484,865
Previous Owner Hih Way Holdings Llc $460,000
Previous Owner High Way Holdings Llc $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $474,000 -1.2% $228 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $479,999 -- $231 / 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 $4,792 $450,200 $110,000 $340,200
2024 $4,792 $443,500 $95,000 $348,500
2023 $3,035 $364,300 $80,000 $284,300
2022 $2,872 $307,900 $75,000 $232,900
2021 $2,394 $187,900 $50,000 $137,900
2020 $2,151 $170,900 $45,000 $125,900
2019 $2,399 $200,300 $40,000 $160,300
2018 $2,671 $185,800 $40,000 $145,800
2017 $2,598 $184,000 $40,000 $144,000
2016 $2,457 $168,400 $40,000 $128,400
2015 $2,522 $170,000 $40,000 $130,000
2014 -- $170,000 $40,000 $130,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jared English

    Congress Realty, Inc.

    (888) 881-4118

    1 in this area

    3,318 Total Sales

    Jared English
    Section Image
  • Leah Cunningham

    Buyer's Agent in 2023

    Leah Cunningham

    Windermere Valley

    (509) 995-2442

    7 in this area

    60 Total Sales

    Leah Cunningham
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202321846

Spokane Association of REALTORS®

APN: 45283.2805

Washington Spokane County Spokane Valley 99206 Opportunity

2407 S University Rd, Spokane Valley, WA

This home is located at 2407 S University Rd, Spokane Valley, WA 99206 since 14 September 2023 and is currently estimated at $464,315, approximately $223 per square foot. This property was built in 1975. 2407 S University Rd is a home located in Spokane County with nearby schools including University Elementary School, Bowdish Middle School, and University High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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