NOT LISTED FOR SALE
3 Beds
2 Baths
-- Sq Ft
1.26 Acre Lot

Sale Details

Date Sold: October 31, 2022

Last sale price $4,800,000

14 Days on Market

Highlights

  • 1.26 Acre Lot
  • Cooling Available
  • High Speed Internet
  • Hamblen Elementary School Rated A-
  • Laundry Facilities
  • Heating Available

About This Home

As of October 2022

Great investor opportunity on the South Hill! This 28 unit apartment complex is close to schools and shopping with a beautiful green area and mature trees on the property. (14) 1 Bed/1 Bath Units & (14) 2 Bed/1 Bath Units Upside on Rents Great South Hill Location $219,000 NOI 4.38% Cap Rate

Last Agent to Sell the Property

Ryan Towner

LT Real Estate License #24027253 Listed on: 09/16/2022

Last Buyer's Agent

MISC MISC

NON MLS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 1.26

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heating Available
  • High Speed Internet

Additional Features

  • 2-Story Property
  • 1.26 Acre Lot

Community Details

  • 28 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 35331.0308

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

1.26 Acres

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1976
  • Style Of Construction: 2 Story
  • Lvt Date: 09/16/2022
  • Common Interest Community: No
  • Geo Address Line: 2707 E 32nd Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/17/2022 12:03:24 AM
  • Geo Zoom Level: 15
  • Allow Public Comments: Yes
  • High Speed Internet Avail: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Number of Stories: 2
  • Number of Ranges: 28
  • Number of Refrigerators: 28

Exterior Features

  • Exterior: Vinyl
  • Roof: Comp

Garage/Parking

  • Garage Parking: Carport, Off St Prkg
  • Garage Size: 0

Utilities

  • Heating/Cooling: Elec
  • Power Company: Avista
  • Water Company: City

Condo/Co-op/Association

  • Common Amenities: Lndry

Schools

  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 1.26
  • Estimated Lot Sq Ft: 54670
  • Estimated Lot Dimension Depth: 136
  • Parcel Number: 35331.0308
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Additional Assessor Parcel Numbers: 35331.0312
  • Multiple Parcels: Yes

Multi Family

  • Number Of Units: 28
  • Number Units A: 14
  • Number Units B: 14

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Oct 28, 2022
Sold by
Bought by
Seller's Agent
Ryan Towner
LT Real Estate
Buyer's Agent
MISC MISC
NON MLS
List Price
$5,000,000
Sold Price
$4,800,000
Premium/Discount to List
-$200,000
-4%
Views
14

Purchase Details

Closed on
Mar 6, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,495
Interest Rate
0.0488%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.0699%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 14, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.0699%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- Accommodation
$1,365,000 First American Title Ins Co
-- First American Title Ins Co
-- First American Title Ins Co
-- Transnation Title
-- American Title Insurance
$610,000 First American Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $546,495
Previous Owner $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $4,800,000 -4.0% --
09/30/2022 09/30/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $5,000,000 -- --
Source: Spokane Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $37,610 $2,901,900 $437,360 $2,464,540
2025 $40,040 $3,700,200 $328,020 $3,372,180
2024 $40,040 $4,046,100 $328,020 $3,718,080
2023 $26,557 $4,051,900 $328,020 $3,723,880
2022 $22,705 $2,722,400 $273,350 $2,449,050
2021 $23,453 $1,977,500 $273,350 $1,704,150
2020 $21,496 $1,746,210 $273,350 $1,472,860
2019 $17,171 $1,439,150 $273,350 $1,165,800
2018 $18,259 $1,314,950 $273,350 $1,041,600
2017 $17,539 $1,286,350 $273,350 $1,013,000
2016 $17,512 $1,256,650 $273,350 $983,300
2015 $17,179 $1,206,150 $273,350 $932,800
2014 -- $1,189,850 $273,350 $916,500
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202222864

Spokane Association of REALTORS®
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