NOT LISTED FOR SALE

Estimated Value: $347,000 - $468,000

5.02 Acres
$79,260 Price per Acre
218,671 Sq Ft Lot

Last Sold January 16, 2024

Last sale price $350,000

Est. 14% increase in value since last sale

Current estimated payment $2,402/month

70 Days on Market

Highlights

  • Water Views
  • 5.02 Acre Lot
  • High Speed Internet
  • Horses Allowed On Property
  • Oversized Lot
  • Level Lot

About This Lot

As of January 2024

Last 5 acre Morrison Ranch lot available that allows a daylight basement custom home! Come out, walk and fall in love with this incredible lot featuring beautiful views of Mt Spokane, Mica Peak and the Saltese Meadow. The Historic Morrison Ranch is a one-of-kind 5 acre luxury land/home development, limited to 3 of Spokane best builders. No HOA. Discover the balance of country living with city convenience in the beautiful Saltese Valley. Large animals and shops allowed. Avista gas, Vera power and water with 100gpm capacity. High speed internet provided by Comcast services. Easy access to miles of hiking, riding and biking trails.

Last Agent to Sell the Property

Anna Anderson

John L Scott, Inc. License #128594 Listed on: 10/06/2023

John L Scott, Inc.

Co-Listed By

Joanne Pettit

John L Scott, Inc. License #6118

John L Scott, Inc.

Last Buyer's Agent

Joanne Pettit

John L Scott, Inc. License #6118

John L Scott, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,500

Lot Details

  • 5.02 Acre Lot
  • Oversized Lot
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Mountain
  • Territorial

Schools

  • Greenacres Elementary And Middle School
  • Central Valley High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Gas Available
  • High Speed Internet

Community Details

  • Morrison Ranch Subdivision
  • The community has rules related to covenants, conditions, and restrictions
  • Planned Unit Development

Listing and Financial Details

  • Assessor Parcel Number 55293.1002

Property Details

Property Type

Land

Est. Annual Taxes

$2,500

Lot Details

0

Listing Details

  • Sub Type: Land
  • Access: Pub Rd, Paved
  • Class: Lots & Land
  • Options: Bld to Suit
  • Restrictions: No MH Allowed
  • Lvt Date: 10/06/2023
  • Common Interest Community: No
  • Geo Address Line: 2712 S Barker Rd
  • Geo Primary City: Greenacres
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 10/6/2023 5:38:45 PM
  • Geo Zoom Level: 15
  • Sr High: Central Valley
  • Jr High: Greenacres
  • Allow Public Comments: Yes
  • High Speed Internet Avail: Yes
  • Subdivision/Development: Morrison Ranch
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 1.58

Utilities

  • Utilities: Gas Av Prop L
  • Power Company: Vera
  • Water Company: Vera
  • Water System: Pub Wtr

Schools

  • School District: Central Valley
  • Elementary School: Greenacres
  • Middle School: Greenacres
  • High School: Central Valley
  • School District: Central Valley
  • Elementary School: Greenacres

Lot Info

  • Acres Mol: 5.02
  • Estimated Lot Sq Ft: 221284
  • Lot Information: View, Level, Open, Rolling, Oversized, Plan Unit Dev, CC & R, Surveyed, Horses Allowed
  • Lot View: Mountain, Territorial, Water
  • Parcel Number: 55293.1002

Tax Info

  • Taxes: 2,500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Jan 9, 2024
Sold by
Garcia Nicolas Aaron and Garcia Chelsea Erris
Bought by
Peacock Steven T and Peacock Jill A
Seller's Agent
Anna Anderson
John L Scott, Inc.
Buyer's Agent
Joanne Pettit
John L Scott, Inc.
List Price
$335,000
Sold Price
$350,000
Premium/Discount to List
$15,000
4.48%
Views
71
Current Estimated Value
$397,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,884
Avg. Annual Appreciation
7.65%
Original Mortgage
$227,500
Outstanding Balance
$212,771
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$185,113

Purchase Details

Closed on
Feb 14, 2022
Sold by
Chief Development Properties Llc
Bought by
Garcia Nicolas Aaron and Garcia Chelsea Erris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Peacock Steven T $350,000 Ticor Title
Garcia Nicolas Aaron $295,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peacock Steven T $227,500
Previous Owner Garcia Nicolas Aaron $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2024 01/16/24 Sold $350,000 +4.5% --
12/15/2023 12/15/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $335,000 -- --
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 $3,520 $331,200 $331,200 --
2024 $3,520 $342,870 $342,870 --
2023 $2,501 $285,890 $285,890 $0
2022 $244 $270,480 $270,480 $0
2021 $244 $21,520 $21,520 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202322932

Spokane Association of REALTORS®

APN: 55293.1002