NOT LISTED FOR SALE

Estimated Value: $235,000 - $301,000

4 Beds
2 Baths
2,148 Sq Ft
$126/Sq Ft Est. Value

Last Sold March 14, 2023

Last sale price $241,025 $112 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,656/month

About This Home

As of March 2023

Pending before listing.

Last Agent to Sell the Property

Patrick Kendrick

REAL Broker LLC License #23022863 Listed on: 03/14/2023

REAL Broker LLC

Last Buyer's Agent

Justin Knittel

R.H. Cooke & Associates License #21018984

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,604

Year Built

  • Built in 1905

Lot Details

  • 4,356

Parking

  • 1 Carport Space

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • 4,356 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 25132.3009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,604

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1905
  • Style Of Construction: 1 Story
  • Lvt Date: 03/15/2023
  • Common Interest Community: No
  • Geo Address Line: 2527 W Mallon Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 3/15/2023 10:19:24 PM
  • Geo Zoom Level: 15
  • Allow Public Comments: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Roof: Comp

Garage/Parking

  • Carport Size: 1
  • Garage Size: 0

Schools

  • School District: Spokane Dist 81
  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 0.1
  • Estimated Lot Sq Ft: 4356
  • Parcel Number: 25132.3009

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 25132.3009

Multi Family

  • Number Of Units: 1
  • Number Units A: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
Mar 13, 2023
Sold by
Rathbun Family Ventures Llc
Bought by
Knittel Justin
Seller's Agent
Patrick Kendrick
REAL Broker LLC
Buyer's Agent
Justin Knittel
R.H. Cooke & Associates
List Price
$241,025
Sold Price
$241,025
Total Days on Market
0
Current Estimated Value
$271,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,143
Avg. Annual Appreciation
5.40%
Original Mortgage
$236,025
Outstanding Balance
$229,930
Interest Rate
6.13%
Mortgage Type
Construction
Estimated Equity
$41,238

Purchase Details

Closed on
Apr 28, 2017
Sold by
Rathbun Andrew M and Rathbun Melody A
Bought by
Rathbun Family Ventures Llc

Purchase Details

Closed on
Jul 14, 2008
Sold by
Lear Michael T
Bought by
Rathbun Andrew M and Rathbun Melody A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2001
Sold by
Lear Darci D
Bought by
Lear Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,620
Interest Rate
7.15%

Purchase Details

Closed on
Dec 1, 1999
Sold by
Williams Jerry G and Williams Barbara A
Bought by
Lear Michael T and Lear Darci D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,868
Interest Rate
7.95%
Source: Public Records

Similar Homes in Spokane, WA

  • 420 E Sanson Ave, Spokane, WA 99207

    $315,000

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 420 E Sanson Ave
    • Spokane, WA

    Centrally located duplex in North Spokane! Take advantage of the opportunity to build equity, add an investment property to your portfolio or even Owner Occupy! Each unit features 2 bedrooms, 1 bathroom with in-unit laundry hookups and a covered carport.

    Kim Hynes Windermere Valley

    Section Image
  • 2524 W Dean Ave, Spokane, WA 99201

    $259,999

    • 5 Beds
    • 3 Baths
    • 2,271 Sq Ft
    • 2524 W Dean Ave
    • Spokane, WA

    Investor special. Triplex near Kendall Yards is ready to be remodeled. New electric with separate metered gas. There is alley access with lots of parking in the back. House Hack or Rent all 3 units to cash flow. Rents are based on historical listings.

    Karl Kennedy Keller Williams Spokane - Main

    Section Image
  • 2613 W Gardner Ave, Spokane, WA 99201

    $289,000

    • 3 Beds
    • 3 Baths
    • 1,622 Sq Ft
    • 2613 W Gardner Ave
    • Spokane, WA

    Investor Alert! Great opportunity for an affordable, cash flowing Tri-Plex. 3 units each with 1 bedroom/ 1 bathroom, all on separate meters. Existing tenants. Just a short walk to local restaurants, close to Kendall Yards, a five-minute drive to downtown Spokane, and only 15 minutes from the airport.

    Kristina Northcutt John L Scott, Inc.

    Section Image
  • 2101 W Mallon Ave, Spokane, WA 99201

    $330,000

    • 2 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 2101 W Mallon Ave
    • Spokane, WA

    Nestled in the heart of Spokane's vibrant Kendall Yards neighborhood, this duplex presents an exceptional investment opportunity. Featuring two charming one-bedroom, one-bath units arranged in an over/under configuration, this property offers a blend of comfort and convenience. Each unit boasts modern amenities and thoughtful design, ensuring an inviting living space for tenants. The upper unit

    Jessica Rafter Rafter Realty, LLC

    Section Image
  • 2022 W Dean Ave, Spokane, WA 99201

    $340,000

    • 5 Beds
    • 2 Baths
    • 2,146 Sq Ft
    • 2022 W Dean Ave
    • Spokane, WA

    This Cute Duplex is right across the street from a quaint little bakery, and just a few blocks from Kendall Yards and the amazing My Fresh Basket for all your groceries, etc. This would be an excellent location for an Airbnb...close to downtown, the Podium, the Spokane Arena, the New One Spokane Stadium. Also nearby is the Flour Mill, Riverfront Park and both Sacred Heart and Deaconess Hospital.

    Michael Gilroy Amplify Real Estate Services

    Section Image
  • 1514 N Cedar St, Spokane, WA 99201

    $319,000

    • 2 Beds
    • 3 Baths
    • 1514 N Cedar St
    • Spokane, WA

    Don’t miss this incredible investment opportunity at 1514 N Cedar! Whether you're looking to "house hack" and live in the spacious 2-bed, 1-bath unit while collecting rent from the two already-rented studio units, or you want to capitalize on passive income from all three, this property has serious potential. With the two studios already occupied, you’re set for immediate cash flow. The 2-bed

    Billy Deese Deese Real Estate

    Section Image
  • 1616 N Cedar St, Spokane, WA 99205

    $319,500

    • 4 Beds
    • 2 Baths
    • 1616 N Cedar St
    • Spokane, WA

    A Fantastic Opportunity in Spokane! Unlock your real estate goals with this duplex, perfect for savvy investors or aspiring homeowners. Add a performing asset to your portfolio or live affordably by letting a tenant help pay your mortgage. Updated and full of charm, this property is ready for its next chapter and features two distinct units: Downstairs:A spacious 3-bedroom, 1-bathroom home

    Justin La Torre R.H. Cooke & Associates

    Section Image
  • 1207 W Shannon Ave, Spokane, WA 99205

    $341,500

    • 4 Beds
    • 2 Baths
    • 2,624 Sq Ft
    • 1207 W Shannon Ave
    • Spokane, WA

    Rare Investment Opportunity! This beautifully maintained duplex offers vintage character and modern convenience in a prime location, centrally situated in Northwest Spokane. It is currently fully rented until July 2026 This property provides a steady income stream, with the potential to convert back to a single-family residence once the lease term ends. Unit 1 features a remodeled kitchen and a

    Toby Blodgett eXp Realty, LLC

    Section Image
  • 902 W Nora Ave Unit 902 W. Nora Unit B, Spokane, WA 99205

    $295,000

    • 4 Beds
    • 2 Baths
    • 3,655 Sq Ft
    • 902 W Nora Ave
    • Unit 902 W. Nora Unit B
    • Spokane, WA

    Built in 1904, this beautiful Victorian home has been converted into two apartments. One unit is the main floor, and the other is upstairs, each with its entrance. Each unit has two bedrooms and one full bathroom. Features include beautiful wood flooring throughout each unit, under the carpet, natural woodwork, on a large corner lot, and tons of character—new LVP flooring throughout kitchens and

    Deanna Martin Professional Realty Services

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Knittel Justin -- --
Rathbun Family Ventures Llc -- None Available
Rathbun Andrew M $95,000 Pacific Northwest Title
Lear Michael T -- Spokane County Title Co
Lear Michael T $86,000 Spokane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knittel Justin $236,025
Previous Owner Rathbun Andrew M $89,650
Previous Owner Rathbun Andrew M $85,500
Previous Owner Lear Michael T $84,620
Previous Owner Lear Michael T $85,868
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2023 03/14/23 Sold $241,025 0.0% $112 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $241,025 -- $112 / 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
2024 $2,604 $262,000 $80,000 $182,000
2023 $2,603 $251,500 $65,000 $186,500
2022 $2,150 $265,700 $65,000 $200,700
2021 $1,907 $159,900 $23,000 $136,900
2020 $1,754 $141,600 $18,000 $123,600
2019 $1,481 $123,600 $18,000 $105,600
2018 $1,543 $110,700 $18,000 $92,700
2017 $1,434 $104,700 $18,000 $86,700
2016 $1,352 $96,600 $18,000 $78,600
2015 $1,382 $96,600 $18,000 $78,600
2014 -- $99,800 $20,000 $79,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202312457

Spokane Association of REALTORS®

APN: 25132.3009