NOT LISTED FOR SALE

3204 S Inland Empire Way Spokane, WA 99224

Latah Valley Neighborhood

Estimated Value: $289,000 - $6,570,429

-- Bed
-- Bath
-- Sq Ft
10.78 Acres

Last Sold December 28, 2016

Last sale price $3,137,000

Est. 20% decrease in value since last sale

Current estimated payment $13,088/month

456 Days on Market

Highlights

  • City View
  • 10.78 Acre Lot
  • Ranch Style House
  • Wilson Elementary School Rated A-
  • Secluded Lot
  • Attached Garage

About This Home

As of December 2016

Spring Creek Community - 35 individual rental homes in a high growth area. Very low vacancy. Do not walk around units and please do not disturb on-site staff and tenants!!! Contact listing broker (Mitch Swenson at 509-623-1000) for more information.

Last Agent to Sell the Property

Mitch Swenson

NAI Black License #8982 Listed on: 09/29/2015

NAI Black

Last Buyer's Agent

Mitch Swenson

NAI Black License #8982 Listed on: 09/29/2015

NAI Black

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24

Year Built

  • Built in 1999

Lot Details

  • 10.78 Acre Lot
  • Secluded Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Vinyl Siding

Parking

  • Attached Garage
  • 35 Carport Spaces

Additional Features

  • City Views
  • Forced Air Heating System

Community Details

  • 35 Units

Listing and Financial Details

  • Assessor Parcel Number 25361.6001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Year Built: 1999
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Treed, Secluded
  • Lot Size Acres: 10.78
  • Road Frontage Type: City Street
  • View Type:Pond View: City
  • Reso Association Amenities: None
  • Co List Office Phone: 509-623-1000
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Reso Structure Type: One Story
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2003

Interior Features

  • Basement: None

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Attached, Carport

Utilities

  • Heating: Electric, Forced Air
  • NumberOfRanges: 35

Lot Info

  • Parcel Number: 25361.6001
  • Lot Size Sq Ft: 469577

Multi Family

  • Number Of Units Total: 35

Tax Info

  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2015
Closed on
Dec 9, 2016
Sold by
Rm Cm Llc
Bought by
Rh Spring Creek Llc
Seller's Agent
Mitch Swenson
NAI Black
Buyer's Agent
Mitch Swenson
NAI Black
List Price
$3,250,000
Sold Price
$3,137,000
Premium/Discount to List
-$113,000
-3.48%
Current Estimated Value
$2,500,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$636,857
Avg. Annual Appreciation
-2.53%
Original Mortgage
$2,039,050
Outstanding Balance
$296,352
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,203,791

Purchase Details

Closed on
Oct 22, 2004
Sold by
Spring Creek Community Llc
Bought by
Dm Properties Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1998
Sold by
Layton Brian C and Layton Dinah P
Bought by
Spring Creek Community Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.11%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 19, 1997
Sold by
Keller Barbara M and Keller Keith
Bought by
Layton Oliver L and Layton Charlotte E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,260
Interest Rate
6.25%
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
Rh Spring Creek Llc $3,077,000 First American Title Ins Co
Dm Properties Lp $2,794,750 First American Title Ins
Spring Creek Community Llc -- First American Title Ins
Layton Oliver L $100,328 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rh Spring Creek Llc $2,039,050
Previous Owner Dm Properties Lp $2,000,000
Previous Owner Spring Creek Community Llc $450,000
Previous Owner Layton Oliver L $80,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2016 12/28/16 Sold $3,137,000 -3.5% --
12/28/2016 12/28/16 Pending -- -- --
09/29/2015 09/29/15 For Sale $3,250,000 -- --
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 $24 $4,060 $4,060 --
2024 $24 $3,990 $3,990 --
2023 $0 $3,670 $3,670 $0
2022 $0 $3,670 $3,670 $0
2021 $0 $3,530 $3,530 $0
2020 $18 $3,530 $3,530 $0
2019 $0 $3,530 $3,530 $0
2018 $0 $3,530 $3,530 $0
2017 $0 $3,530 $3,530 $0
2016 -- $3,530 $3,530 $0
2015 -- $3,530 $3,530 $0
2014 -- $3,530 $3,530 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mitch Swenson

    Seller's Agent in 2016

    Mitch Swenson

    NAI Black

    (509) 623-1000

    2 Total Sales

    Mitch Swenson
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201525428

Spokane Association of REALTORS®

APN: 25361.0023

Washington Spokane County Spokane 99224 Latah Valley

3204 S Inland Empire Way, Spokane, WA

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