NOT LISTED FOR SALE

2629 E Sprague Ave Spokane, WA 99202

East Central Neighborhood

Estimated Value: $188,000 - $195,533

0.14 Acre
$1,365,236 Price per Acre
6,000 Sq Ft Lot

Last Sold November 29, 2021

Last sale price $72,500

Est. 162% increase in value since last sale

Current estimated payment $1,069/month

42 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. Must be bought with 2623 E. Sprague, bordering 6000 SF lot. Billboard pays land owner 2000 per year lease . Can be re-negotiated in 2028. Lamar advertising has a 30 day 1st right of refusal.

Last Agent to Sell the Property

Kevin Mckee

EXIT Real Estate Professionals License #23078 Listed on: 09/02/2021

Co-Listed By

Luck MiriaCalluccie

G.K. Hansen Real Estate License #104974

Last Buyer's Agent

Bonnie White

Gladhart Realty, Inc. License #93002

Property Details

Property Type

  • Land

Lot Details

  • 6,000 Sq Ft Lot
  • Level Lot
  • Property is zoned CC2

Listing and Financial Details

  • Assessor Parcel Number 35164.2408

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Sub Type: Land
  • Access: Pub Rd, Paved
  • Class: Lots & Land
  • Zone: CC2
  • Lvt Date: 09/02/2021
  • Common Interest Community: No
  • Geo Address Line: 2629 E Sprague Ave
  • Geo Primary City: Spokane
  • Geo Quality: 1
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/3/2021 12:37:58 AM
  • 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: City
  • Sewage System: Swr Av Prop L
  • Water System: Wtr Av Prop L

Lot Info

  • Acres Mol: 0.14
  • Estimated Lot Sq Ft: 6000
  • Loc Dir E W: e
  • Loc Numberblk E W: 26
  • Estimated Lot Dimension Depth: 120
  • Estimated Lot Dimension Front: 50
  • Lot Information: Level, Bus Rt
  • Parcel Number: 35164.2408
  • Improvements: Curbed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 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
$190,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,786
Avg. Annual Appreciation
26.60%

Purchase Details

Listed on
Sep 2, 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

Closed on
Jan 16, 2008
Sold by
Marks Lizzie
Bought by
Marks Rose
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
Farraj Ibrahim S -- Wfg Insured
Farraj Ibrahim S $145,000 Wfg Insured
Marks Rose -- First American Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2021 11/29/21 Sold $72,500 -3.3% --
10/14/2021 10/14/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $75,000 -- --
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 $441 $30,500 $30,000 $500
2014 -- $30,500 $30,000 $500
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

  • L

    Seller Co-Listing Agent in 2021

    Luck MiriaCalluccie

    G.K. Hansen Real Estate

  • 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
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202121660

Spokane Association of REALTORS®

APN: 35164.2408

Washington Spokane County Spokane 99202 East Central

2629 E Sprague Ave, Spokane, WA

Not Listed for Sale

Lots

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