NOT LISTED FOR SALE

2623 E Sprague Ave Spokane, WA 99202

East Central Neighborhood

Estimated Value: $156,000 - $370,000

0.14 Acre
$1,569,257 Price per Acre
6,000 Sq Ft Lot

Last Sold November 29, 2021

Last sale price $72,500 $35 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $1,224/month

38 Days on Market

About This Lot

As of November 2021

Commercial Level lot on E. Sprague in a targeted re-vitalize incentive zone. All kinds of possibilities. Perfect for a 1031 exchange. Opportunity zone gives you the ability to forgive some of your previous gains, and this property could have no taxes on your future gain. Zoning is CC2 6000 SF. Available with another bordering 6000 SF lot at 2629 E. Sprague.

Last Agent to Sell the Property

Kevin Mckee

EXIT Real Estate Professionals License #23078 Listed on: 09/06/2021

Last Buyer's Agent

Bonnie White

Gladhart Realty, Inc. License #93002

Property Details

Property Type

  • Land

Lot Details

  • 6,000 Sq Ft Lot
  • Property is zoned cc2

Listing and Financial Details

  • Assessor Parcel Number 35164.2409

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Sub Type: Land
  • Access: Pub Rd, Paved
  • Class: Lots & Land
  • Zone: cc2
  • Lvt Date: 09/06/2021
  • Common Interest Community: No
  • Geo Address Line: 2623 E Sprague Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/6/2021 8:52:14 PM
  • Geo Zoom Level: 15
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 12.08

Utilities

  • Utilities: Pwr Av Prop L
  • Power Company: avista
  • Water Company: spokane
  • Sewage System: Pub Sewer
  • Water System: Wtr Av Prop L

Lot Info

  • Acres Mol: 0.14
  • Estimated Lot Sq Ft: 6000
  • Loc Dir E W: e
  • Loc Dir N S: s
  • Loc Numberblk E W: 26
  • Estimated Lot Dimension Depth: 120
  • Estimated Lot Dimension Front: 50
  • Parcel Number: 35164.2409
  • Improvements: Curbed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Nov 10, 2021
Sold by
Farraj Rahmeh
Bought by
Farraj Ibrahim S
Seller's Agent
Kevin Mckee
EXIT Real Estate Professionals
Buyer's Agent
Bonnie White
Gladhart Realty, Inc.
List Price
$75,000
Sold Price
$72,500
Premium/Discount to List
-$2,500
-3.33%
Current Estimated Value
$219,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,196
Avg. Annual Appreciation
30.96%

Purchase Details

Listed on
Sep 6, 2021
Closed on
Nov 8, 2021
Sold by
Castaway Property Llc
Bought by
Farraj Ibrahim S
Seller's Agent
Kevin Mckee
EXIT Real Estate Professionals
Buyer's Agent
Bonnie White
Gladhart Realty, Inc.
List Price
$75,000
Sold Price
$72,500
Premium/Discount to List
-$2,500
-3.33%

Purchase Details

Listed on
Feb 24, 2018
Closed on
Dec 3, 2018
Sold by
Marks Elaine
Bought by
Castaway Properties Llc
Seller's Agent
Jennifer Huston
Realty One Group Eclipse
Buyer's Agent
Robert Gilles
G.K. Hansen Real Estate
List Price
$64,000
Sold Price
$95,000
Premium/Discount to List
$31,000
48.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.67%

Purchase Details

Closed on
Oct 18, 1996
Sold by
Marks Helen Marie and Marks Rose Marie
Bought by
Marks Ronnie and Marks Doddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Farraj Ibrahim S -- Wfg Insured
Farraj Ibrahim S $145,000 Wfg Insured
Castaway Properties Llc $95,000 First American Title Ins Co
Marks Ronnie -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marks Ronnie $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2021 11/29/21 Sold $72,500 -3.3% $35 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
09/06/2021 09/06/21 For Sale $75,000 -21.1% $36 / Sq Ft
12/07/2018 12/07/18 Sold $95,000 +48.4% $45 / Sq Ft View Prior Sale
02/24/2018 02/24/18 For Sale $64,000 -- $31 / 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 $902 $90,000 $90,000 --
2024 $902 $90,000 $90,000 --
2023 $421 $90,000 $90,000 $0
2022 $362 $42,000 $42,000 $0
2021 $367 $30,000 $30,000 $0
2020 $381 $30,000 $30,000 $0
2019 $365 $30,000 $30,000 $0
2018 $423 $30,000 $30,000 $0
2017 $416 $30,000 $30,000 $0
2016 $429 $30,000 $30,000 $0
2015 $434 $30,000 $30,000 $0
2014 -- $30,000 $30,000 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kevin Mckee

    EXIT Real Estate Professionals

    (509) 475-4002

    8 in this area

    35 Total Sales

    Kevin Mckee
    Section Image
  • Bonnie White

    Buyer's Agent in 2021

    Bonnie White

    Gladhart Realty, Inc.

    (509) 869-1869

    2 in this area

    43 Total Sales

    Bonnie White
    Section Image

  • J

    Seller's Agent in 2018

    Jennifer Huston

    Realty One Group Eclipse

    1 in this area

    12 Total Sales

    Jennifer Huston
    Section Image

  • R

    Buyer's Agent in 2018

    Robert Gilles

    G.K. Hansen Real Estate

    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202121805

Spokane Association of REALTORS®

APN: 35164.2409

Washington Spokane County Spokane 99202 East Central

2623 E Sprague Ave, Spokane, WA

Not Listed for Sale

Lots

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.

Nearby Homes