
2523 E 1st Ave Spokane, WA 99202
East Central NeighborhoodEstimated Value: $284,000 - $327,000
About This Home
As of February 2024HUGE Opportunity for a Owner-Occupant to Significantly Offset Mortgage Payment or Great Rental Income Property w/ADU (remodeled in July 2021) ADU Leased @ $1,200/month since 2021. Freshly updated main home offers a fairly open floor plan in a convenient, central location that’s close to everything. Property has been a tremendous asset for the current owners, who purchased it as an investment and are only selling now to free up funds for another investment. This home also presents a great opportunity for owner-occupants to significantly reduce their mortgage payment via the studio (ADU) that reliably brings in $1,200/month. ADU tenant currently has no plans to vacate, but has offered $1,700/month to lease main home. Seller is keeping main home vacant for potential owner-occupant purchasers as well as investors. Sellers have never had an issue procuring tenants, and the main home was only recently vacated. Either way you slice it, this is a fantastic deal!
Last Agent to Sell the Property
Mike Apele
Choice Realty License #110029 Listed on: 01/25/2024

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,407
Year Built
- Built in 1928
Lot Details
- 6,970 Sq Ft Lot
Home Design
- Vinyl Siding
- Cedar
Interior Spaces
- 2,010 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
Kitchen
- Gas Range
- Free-Standing Range
- Microwave
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Schools
- Chase Middle School
- Ferris High School
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Community Details
- East Liberty Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 35211.0507
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Similar Homes in Spokane, WA
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Laurie Zachary | $308,000 | Vista Title | |
Storrer Walker | $190,100 | Nextitle | |
Miner Michael A | $26,328 | Spokane County Title Co |
Mortgage History
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Laurie Zachary | $314,622 | |
Previous Owner | Storrer Walker | $142,575 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
02/13/2024 02/13/24 | Sold | $305,000 | +1.7% | $152 / Sq Ft |
02/13/2024 02/13/24 | Pending | -- | -- | -- |
01/25/2024 01/25/24 | For Sale | $299,978 | +57.8% | $149 / Sq Ft |
07/02/2020 07/02/20 | Sold | $190,100 | -1.0% | $95 / Sq Ft |
06/01/2020 06/01/20 | Price Changed | $192,000 | +47.8% | $96 / Sq Ft |
06/01/2020 06/01/20 | Pending | -- | -- | -- |
05/27/2020 05/27/20 | For Sale | $129,900 | -- | $65 / Sq Ft |
Tax History Compared to Growth
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 | $2,907 | $292,600 | $70,000 | $222,600 |
2023 | $2,407 | $263,300 | $70,000 | $193,300 |
2022 | $2,040 | $245,680 | $65,680 | $180,000 |
2021 | $1,855 | $155,490 | $37,490 | $118,000 |
2020 | $1,697 | $136,980 | $34,080 | $102,900 |
2019 | $1,355 | $113,000 | $22,500 | $90,500 |
2018 | $1,035 | $74,050 | $17,750 | $56,300 |
2017 | $1,016 | $74,050 | $17,750 | $56,300 |
2016 | $1,005 | $71,650 | $17,750 | $53,900 |
2015 | $1,031 | $71,950 | $17,750 | $54,200 |
2014 | -- | $71,950 | $17,750 | $54,200 |
2013 | -- | $0 | $0 | $0 |
Agents Affiliated with this Home
-
M
Seller's Agent in 2024
Mike Apele
Choice Realty
(509) 230-3560
-
Buyer's Agent in 2024
Todd Springer
eXp Realty, LLC
(404) 516-1465
6 in this area
213 Total Sales
-
Seller's Agent in 2020
Seth Maefsky
Keller Williams Realty Coeur d
(509) 922-7355
11 in this area
470 Total Sales
-
Buyer's Agent in 2020
Bo Apele
Professional Realty Services
(509) 953-4942
Map
Source: Spokane Association of REALTORS®
MLS Number: 202411077

APN: 35211.0507
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