$1,220,000
SOLD JAN 23, 2025

308 N Washington St Unit 312 and 316 Medical Lake, WA 99022

24 Beds
12 Baths
10,500 Sq Ft
0.44 Acres

Recently Sold

$116 Per Sq Ft

13% Below List Price

66 Days on Market

Highlights

  • 0.44 Acre Lot
  • Corner Lot
  • 1-Story Property
  • Wood Flooring
  • Wood Frame Window
  • Forced Air Heating System

About This Home

As of January 2025

This 6-plex consists of 3 duplexes on two parcels. Each unit contains 4 bedrooms & 2 baths w/ an eat-in kitchen, a good-sized living room on the main floor, & a large family room in the lower level. Appliances in each unit include a stove, refrigerator, plus a washer & dryer. They are centrally located in the heart of Medical Lake & offer a lot of amenities to residents. Gas forced air heat, gas hot water, 1,750 sqft of living area, full size washer/dryer & ample off-street parking. The current owner has replaced many windows w/ vinyl, there are hardwood floors under the carpet & overall, the property is well maintained. Fantastic rental history w/ tenants commuting from work at the EWU in Cheney, Airway Heights, Amazon Distribution Center & personnel from Fairchild Air Force Base! These will be perfect assets for your rental portfolio w/the opportunity for rents to grow. Current market rents allow for some improvement in rents. Currently there is one available unit to see while it is being renovated.

Last Agent to Sell the Property

Jonathan Bich

Coldwell Banker Tomlinson License #47887 Listed on: 09/06/2024

Coldwell Banker Tomlinson

Last Buyer's Agent

MISC MISC

NON MLS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,977

Year Built

  • Built in 1960

Lot Details

  • Oversized Lot
  • Level Lot
  • 14181.4111

Home Design

  • Hardboard

Interior Spaces

  • 10,500 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Wood Frame Window
  • Aluminum Window Frames
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Free-Standing Range

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 14 Parking Spaces
  • Alley Access
  • Off-Site Parking

Schools

  • Medical Lake Middle School
  • Medical Lk High School

Utilities

  • Forced Air Heating System
  • Furnace
  • Gas Available

Community Details

  • 6 Units
  • Water Sewer Expense $7,053

Listing and Financial Details

  • Assessor Parcel Number 14181.4110

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,977

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level, Corner Lot, Oversized Lot
  • Lot Size Acres: 0.44
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Gas, See Remarks
  • Co List Office Phone: +1 (509) 467-7400
  • MLS Status: Sold
  • Architectural Style: Townhouse
  • Reso Interior Features: Wood Floor, Windows Wood, Alum Wn Fr, Windows Vinyl
  • Reso Structure Type: One Story
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Full, Finished, Rec/Family Area, Laundry
  • Appliances: Free-Standing Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 24

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Hardboard Siding

Garage/Parking

  • Parking Features: Off Site, Alley Access
  • Total Parking Spaces: 14

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air
  • NumberOfRanges: 6

Fee Information

  • Annual Water Sewer Expense: 7053

Schools

  • Elementary School: Hallett
  • High School: Medical Lk
  • Middle Or Junior School: Medical Lake

Lot Info

  • Parcel Number: 14181.4110
  • Lot Size Sq Ft: 18600
  • Additional Parcels Description: 14181.4111
  • Additional Parcels: Yes

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 8977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Jan 15, 2025
Sold by
Lionne Verte Llc
Bought by
K308 Llc
Seller's Agent
Jonathan Bich
Coldwell Banker Tomlinson
Buyer's Agent
MISC MISC
NON MLS
List Price
$1,400,000
Sold Price
$1,220,000
Premium/Discount to List
-$180,000
-12.86%
Views
16
Current Estimated Value
$1,145,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,980
Avg. Annual Appreciation
-9.44%
Original Mortgage
$930,000
Outstanding Balance
$924,984
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$220,036

Purchase Details

Closed on
Jun 8, 2018
Sold by
Seelig Jennifer H
Bought by
Lionne Verte Llc

Purchase Details

Closed on
Jul 5, 2005
Sold by
Lake Richard S
Bought by
Lake Richard S and Lake Lisa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Lake Richard S
Bought by
Lake Richard S and Lake Living Trust

Purchase Details

Closed on
Mar 13, 2003
Sold by
Morse Barbara D
Bought by
Lake Richard S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1996
Sold by
Morse Norman V and Morse Lawrence V
Bought by
Morse Barbara D
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 Type Sale Price Title Company
Warranty Deed $1,220,000 Title One Title
Warranty Deed $1,220,000 Title One Title
Quit Claim Deed -- None Available
Quit Claim Deed -- Pacific Nw Title
Warranty Deed $305,000 Pacific Nw Title
Interfamily Deed Transfer -- --
Warranty Deed $183,000 Pacific Nw Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $930,000 New Conventional
Closed $930,000 New Conventional
Previous Owner $217,515 New Conventional
Previous Owner $244,000 Purchase Money Mortgage
Previous Owner $146,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Sold $1,220,000 -6.2% $116 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
10/12/2024 10/12/24 Price Changed $1,300,000 -3.7% $124 / Sq Ft
09/26/2024 09/26/24 Price Changed $1,350,000 -3.6% $129 / Sq Ft
09/06/2024 09/06/24 For Sale $1,400,000 -- $133 / 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 $6,265 $683,600 $70,000 $613,600
2024 $6,265 $672,500 $70,000 $602,500
2023 $5,617 $686,400 $65,000 $621,400
2022 $5,149 $669,600 $60,000 $609,600
2021 $5,181 $477,700 $25,000 $452,700
2020 $4,439 $425,100 $28,000 $397,100
2019 $3,615 $346,700 $28,000 $318,700
2018 $3,349 $296,400 $28,000 $268,400
2017 $3,164 $288,000 $28,000 $260,000
2016 $2,994 $261,700 $28,000 $233,700
2015 $3,163 $267,400 $28,000 $239,400
2014 -- $267,400 $28,000 $239,400
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Bich

    Seller's Agent in 2025

    Jonathan Bich

    Coldwell Banker Tomlinson

    (509) 475-1035

    7 in this area

    290 Total Sales

    Jonathan Bich
    Section Image

  • M

    Buyer's Agent in 2025

    MISC MISC

    NON MLS

See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202422528

Spokane Association of REALTORS®

APN: 14181.4110

Washington Spokane County Medical Lake 99022

308 N Washington St Unit 312 and 316, Medical Lake, WA

This home is located at 308 N Washington St Unit 312 and 316, Medical Lake, WA 99022 and is currently priced at $1,220,000, approximately $116 per square foot. This property was built in 1960. 308 N Washington St Unit 312 and 316 is a home located in Spokane County with nearby schools including Medical Lake High School.

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.
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