NOT LISTED FOR SALE

2828 E 35th Ave Spokane, WA 99223

Lincoln Heights Neighborhood

Estimated Value: $705,000

2 Beds
2 Baths
14,400 Sq Ft
$49/Sq Ft Est. Value

Last Sold July 02, 2019

Last sale price $1,100,000 $76 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $4,399/month

44 Days on Market

Highlights

  • 0.43 Acre Lot
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Craftsman Architecture
  • Patio
  • Wood Burning Fireplace

About This Home

As of July 2019

8-unit townhouse apartment building. Good rental history. All units are identical and in good condition, updated about 10 years ago with new roof, new kitchens, new bathrooms, and vinyl windows.

Last Agent to Sell the Property

Bob Cooke

R.H. Cooke & Associates License #12404 Listed on: 03/07/2019

Last Buyer's Agent

Bob Cooke

R.H. Cooke & Associates License #12404 Listed on: 03/07/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,107

Year Built

  • Built in 1978

Lot Details

  • 0.43 Acre Lot
  • Property fronts a private road
  • Corner Lot
  • Level Lot

Parking

  • 8 Car Garage
  • 7 Carport Spaces
  • Assigned Parking

Home Design

  • Craftsman Architecture

Interior Spaces

  • 14,400 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Vinyl Clad Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Furnace

Community Details

Overview

  • 8 Units

Building Details

  • Fuel Expense $367
  • Water Sewer Expense $10,073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,107

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • Year Built: 1978
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level, Corner Lot
  • Lot Size Acres: 0.43
  • Road Frontage Type: Private Road, Paved Road
  • Reso Association Amenities: Patio, None
  • Co List Office Phone: 509-327-2282
  • MLS Status: Sold
  • Architectural Style: Craftsman
  • Reso Fireplace Features: Masonry, Woodburning Fireplce
  • Reso Interior Features: Windows Vinyl
  • Reso Structure Type: Two Story
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2007

Interior Features

  • Basement: Full
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave
  • Basement YN: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 8
  • Parking Features: Carport, Assigned
  • Total Parking Spaces: 7

Utilities

  • Cooling: Central Air
  • Heating: Gas Hot Air Furnace, Forced Air
  • NumberOfRanges: 8

Fee Information

  • Annual Fuel Expense: 367
  • Annual Water Sewer Expense: 10073

Lot Info

  • Lot Size Sq Ft: 18800

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 8107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2019
Closed on
Jun 20, 2019
Sold by
Spokane Property Group Llc
Bought by
Cooke Development Corporation
Seller's Agent
Bob Cooke
R.H. Cooke & Associates
Buyer's Agent
Bob Cooke
R.H. Cooke & Associates
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Current Estimated Value
$705,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$395,000
Original Mortgage
$825,000
Outstanding Balance
$723,906
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2014
Sold by
Mccullar Family Llc
Bought by
Spokane Property Group Llc

Purchase Details

Closed on
Feb 5, 2013
Sold by
Orcutt James A and Orcutt Jodie A
Bought by
Mccullar Family Llc

Purchase Details

Closed on
Feb 13, 2012
Sold by
Petersen Lori A
Bought by
Orcutt James A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cooke Development Corporation $1,100,000 None Available
Spokane Property Group Llc -- None Available
Mccullar Family Llc $660,280 Inland Professional Title Ll
Orcutt James A $738,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooke Development Corporation $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2019 07/02/19 Sold $1,100,000 -8.3% $76 / Sq Ft
04/20/2019 04/20/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $1,200,000 -- $83 / 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
2022 $2,319 $276,170 $44,670 $231,500
2021 $2,134 $179,010 $18,810 $160,200
2020 $2,011 $162,510 $18,810 $143,700
2019 $1,013 $84,400 $9,400 $75,000
2018 $1,065 $76,200 $9,400 $66,800
2017 $1,009 $73,500 $9,400 $64,100
2016 $1,092 $77,900 $9,400 $68,500
2015 $956 $66,700 $9,400 $57,300
2014 -- $66,700 $9,400 $57,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bob Cooke

    Seller's Agent in 2019

    Bob Cooke

    R.H. Cooke & Associates

    (509) 998-0808

    1 in this area

    128 Total Sales

    Bob Cooke
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201912329

Spokane Association of REALTORS®

APN: 35331.4004

Washington Spokane County Spokane 99223 Lincoln Heights

2828 E 35th Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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