NOT LISTED FOR SALE

318 N Bannen Rd Spokane Valley, WA 99216

Estimated Value: $385,773 - $485,000

4 Beds
4 Baths
1,792 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 18, 2016

Last sale price $125,000 $70 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $2,618/month

73 Days on Market

Highlights

  • Territorial View
  • Shed
  • Playground
  • 4 Car Attached Garage
  • Baseboard Heating
  • High Speed Internet

About This Home

As of August 2016

Investor alert! Central Valley duplex with huge sweat equity upside! Two, 2 bedroom, 1.5 bath units in up trending neighborhood. Each unit even has a fireplace. It is like 1971 all over again. Bring your skills and update these units and building. Close to schools and bus lines. Side by side units for privacy with carport and storage space as buffer zone. Fenced backyards all on a quiet, tree lined street. Great flip or income opportunity. SELLER FINANCING OFFERED! Carpe diem!

Last Agent to Sell the Property

Ann Hinand

Tamarack Realty License #88678 Listed on: 06/06/2016

Last Buyer's Agent

Mike Eichorn

eXp Realty, LLC License #80274

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,869

Year Built

  • Built in 1971

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • Split Foyer
  • Flat Roof Shape

Interior Spaces

  • 1,792 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Basement

Parking

  • 4 Car Attached Garage
  • 2 Carport Spaces
  • Shared Driveway

Outdoor Features

  • Shed
  • Playground

Schools

  • North Pines Middle School
  • Central Valley High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Community Storage Space

Listing and Financial Details

  • Assessor Parcel Number 45143.9172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,869

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Year Built: 1971
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level
  • Lot Size Acres: 0.2
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: Territorial
  • Reso Association Amenities: Cable TV, High Speed Internet, Play Area, Storage
  • Co List Office Phone: 509-922-7076
  • MLS Status: Sold
  • Architectural Style: Other
  • Reso Structure Type: Split Entry
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Basement YN: Yes
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Construction Type: Wood
  • Other Structures: Shed(s)

Garage/Parking

  • Parking Features: Attached, Carport, Shared Driveway
  • Total Parking Spaces: 4

Utilities

  • Heating: Baseboard
  • NumberOfRanges: 2

Schools

  • Elementary School: Progress
  • High School: Central Valley
  • Middle Or Junior School: North Pines

Lot Info

  • Parcel Number: 45143.9172
  • Lot Size Sq Ft: 8712

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1869
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2023
Sold by
Sperline Living Trust
Bought by
Sperline Chase A
Current Estimated Value
$432,693

Purchase Details

Listed on
Jun 6, 2016
Closed on
Aug 15, 2016
Sold by
Farline Ruth E
Bought by
Sperline Alan K and Sperline Pamela R
Seller's Agent
Ann Hinand
Tamarack Realty
Buyer's Agent
Mike Eichorn
eXp Realty, LLC
List Price
$159,900
Sold Price
$125,000
Premium/Discount to List
-$34,900
-21.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.50%
Original Mortgage
$85,000
Interest Rate
3.41%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Sperline Chase A -- None Listed On Document
Sperline Alan K $125,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sperline Alan K $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2016 08/18/16 Sold $125,000 -21.8% $70 / Sq Ft
08/18/2016 08/18/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $159,900 -- $89 / 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 $3,891 $362,800 $90,000 $272,800
2024 $3,891 $357,200 $80,000 $277,200
2023 $2,961 $333,600 $75,000 $258,600
2022 $2,961 $299,950 $61,750 $238,200
2021 $2,666 $210,080 $40,380 $169,700
2020 $2,232 $177,600 $36,100 $141,500
2019 $1,937 $160,400 $32,300 $128,100
2018 $2,056 $141,700 $32,300 $109,400
2017 $1,892 $132,400 $32,300 $100,100
2016 $1,996 $126,700 $30,400 $96,300
2015 $1,812 $120,600 $30,400 $90,200
2014 -- $118,400 $28,500 $89,900
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ann Hinand

    Seller's Agent in 2016

    Ann Hinand

    Tamarack Realty

    (509) 999-6354

    29 Total Sales

    Ann Hinand
    Section Image

  • M

    Buyer's Agent in 2016

    Mike Eichorn

    eXp Realty, LLC

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201618973

Spokane Association of REALTORS®

APN: 45143.9172

Washington Spokane County Spokane Valley 99216

318 N Bannen Rd, Spokane Valley, WA

This home is located at 318 N Bannen Rd, Spokane Valley, WA 99216 since 06 June 2016 and is currently estimated at $432,693, approximately $241 per square foot. This property was built in 1971. 318 N Bannen Rd is a home located in Spokane County with nearby schools including Progress Elementary School, North Pines Middle School, and Central Valley 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.
Information is deemed reliable but not guaranteed.

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