NOT LISTED FOR SALE

2523 E 1st Ave Spokane, WA 99202

East Central Neighborhood

Estimated Value: $296,000 - $331,000

3 Beds
2 Baths
2,010 Sq Ft
$154/Sq Ft Est. Value

Last Sold February 13, 2024

Last sale price $305,000 $152 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,854/month

19 Days on Market

Highlights

  • Wood Flooring
  • In-Law or Guest Suite
  • Community Deck or Porch
  • Lewis & Clark High School Rated A
  • High Speed Internet
  • Level Lot

About This Home

As of February 2024

HUGE 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

Choice Realty

Last Buyer's Agent

Todd Springer

eXp Realty, LLC License #132532

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,407

Year Built

  • Built in 1928

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • Vinyl Siding
  • Cedar

Interior Spaces

  • 2,010 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Partially Finished Basement

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • 2 Bathrooms

Schools

  • Chase Middle School
  • Ferris High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Community Details

  • East Liberty Park Subdivision
  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number 35211.0507

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,407

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Year Built: 1928
  • Property Sub-Type: Residential
  • PropertyType: Residential
  • ResoLotFeatures: Level
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Cable TV, Deck, High Speed Internet
  • Co List Office Phone: (888) 302-5550
  • MLS Status: Sold
  • Subdivision Name: East-Liberty Park
  • Architectural Style: Rancher
  • Reso Interior Features: Wood Floor, Vinyl, In-Law Floorplan
  • New Construction: No
  • Reso Structure Type: One and a Half Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2014

Interior Features

  • Basement: Partial, Unfinished
  • Appliances: Free-Standing Range, Gas Range, Refrigerator, Microwave
  • Basement YN: Yes
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Vinyl Siding, Cedar

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Electric, Ductless

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Sheridan
  • High School: Ferris
  • Middle Or Junior School: Chase

Lot Info

  • Parcel Number: 35211.0507
  • Lot Size Sq Ft: 6970

Tax Info

  • Tax Annual Amount: 2407
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Mar 8, 2024
Sold by
Storrer Walker
Bought by
Laurie Zachary
Seller's Agent
Mike Apele
Choice Realty
Buyer's Agent
Todd Springer
eXp Realty, LLC
List Price
$299,978
Sold Price
$305,000
Premium/Discount to List
$5,022
1.67%
Views
118
Current Estimated Value
$308,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,605
Avg. Annual Appreciation
0.62%
Original Mortgage
$314,622
Outstanding Balance
$309,389
Interest Rate
6.63%
Mortgage Type
VA
Estimated Equity
-$784

Purchase Details

Listed on
May 27, 2020
Closed on
Jul 20, 2020
Sold by
Miner Michael A and Hapke Kathryn
Bought by
Storrer Walker
Seller's Agent
Seth Maefsky
Keller Williams Realty Coeur d
Buyer's Agent
Bo Apele
Professional Realty Services
List Price
$129,900
Sold Price
$190,100
Premium/Discount to List
$60,200
46.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
Original Mortgage
$142,575
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2013
Sold by
Rudisile Margaret A
Bought by
Miner Michael A and Hapke Miner Kathryn
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
Laurie Zachary $308,000 Vista Title
Storrer Walker $190,100 Nextitle
Miner Michael A $26,328 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laurie Zachary $314,622
Previous Owner Storrer Walker $142,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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
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 $2,907 $278,300 $75,000 $203,300
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
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mike Apele

    Choice Realty

    Section Image
  • Todd Springer

    Buyer's Agent in 2024

    Todd Springer

    eXp Realty, LLC

    (404) 516-1465

    6 in this area

    228 Total Sales

    Todd Springer
    Section Image
  • Seth Maefsky

    Seller's Agent in 2020

    Seth Maefsky

    Keller Williams Realty Coeur d

    (509) 922-7355

    9 in this area

    455 Total Sales

    Seth Maefsky
    Section Image

  • B

    Buyer's Agent in 2020

    Bo Apele

    Professional Realty Services

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202411077

Spokane Association of REALTORS®

APN: 35211.0507

Washington Spokane County Spokane 99202 East Central

2523 E 1st Ave, Spokane, WA

Not Listed for Sale

Detached

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