NOT LISTED FOR SALE

Estimated Value: $454,813 - $496,000

4 Beds
2 Baths
2,238 Sq Ft
$210/Sq Ft Est. Value

Last Sold June 28, 2017

Last sale price $200,000 $89 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $2,922/month

406 Days on Market

Highlights

  • Wood Burning Stove
  • Corner Lot
  • 2 Car Attached Garage
  • 2 Fireplaces
  • Formal Dining Room
  • Eat-In Kitchen

About This Home

As of June 2017

Great Ponderosa Ridge house on large corner lot. Close to schools & parks.

Last Agent to Sell the Property

Julie Cope

John L Scott, Inc. License #117333 Listed on: 04/14/2016

John L Scott, Inc.

Last Buyer's Agent

Brad Boswell

RE/MAX of Spokane License #14425

RE/MAX of Spokane

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,636

Year Built

  • Built in 1978

Lot Details

  • 0.48 Acre Lot
  • Fenced Front Yard
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,238 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Formal Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Laundry in Basement

Schools

  • Ponderosa Elementary School
  • Horizon Middle School
  • University High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Ponderosa Ridge Subdivision
  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number 45321.1615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,636

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Sub Type: Res/Site Blt
  • Access: Pub Rd
  • Class: Residential
  • Style Of Construction: Duplex Up-Down
  • Year Built: 1978
  • Lvt Date: 04/14/2016
  • Geo Address Line: 3715 S Mercy Ct
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Secondary City: Spokane Co.
  • Geo Subdivision: WA
  • Geo Update Timestamp: 6/29/2017 6:41:24 PM
  • Geo Zoom Level: 15
  • Sr High: University
  • Jr High: Horizon
  • Subdivision/Development: Ponderosa Ridge
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Total Approx Sq Ft: 2238
  • Price Per Sq Ft: 89.37
  • Number of Stories: 2
  • Bathrooms: 2
  • Bedrooms: 4
  • Estimated First Floor Sq Ft: 1152
  • First Floor Bedrooms: 2
  • First Floor Bathrooms: 1
  • First Floor Family Room: 1
  • First Floor Fireplace: 1
  • Basement: Full, Finished, Fam/Rec Rm, Lndry
  • Estimated Basement Sq Ft: 1086
  • Basement Percent: 100
  • Basement: Yes
  • Basement Bedrooms: 2
  • Basement Bathrooms: 1
  • Basement Family Room: 1
  • Basement Fireplace: 1
  • Dining Room: Formal, Kit Eat Sp
  • Family/Recreation Room: Bsmt, 1st Flr
  • Fireplace: Wood
  • Number of Family Rooms: 2
  • Number of Fireplaces: 2
  • Stove: Wood Burn

Exterior Features

  • Exterior: Wood
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 2

Utilities

  • Heating/Cooling: Gas, Forced Air
  • Power Company: Avista

Condo/Co-op/Association

  • Amenities: Deck

Schools

  • School District: Central Valley
  • Elementary School: Ponderosa
  • Middle School: Horizon
  • High School: University
  • School District: Central Valley
  • Elementary School: Ponderosa

Lot Info

  • Acres Mol: 0.48
  • Estimated Lot Sq Ft: 21202
  • Loc Dir E W: E
  • Loc Dir N S: S
  • Loc Numberblk E W: 104
  • Loc Numberblks N S: 37
  • Lot Information: Fncd Frt Yd, Level, Corner
  • Parcel Number: 45321.1615
  • Site Improvements: Pub Sewer, Pub Wtr

Tax Info

  • Tax Database Id: 1
  • Taxes: 2636.13
  • Assessor Parcel Number: 45321.1615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jun 6, 2017
Sold by
Nye Lianne K
Bought by
Kerbs Korina C
Seller's Agent
Julie Cope
John L Scott, Inc.
Buyer's Agent
Brad Boswell
RE/MAX of Spokane
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%
Current Estimated Value
$468,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,953
Avg. Annual Appreciation
10.88%
Original Mortgage
$160,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2006
Sold by
Nye Jeffrey D
Bought by
Nye Lianne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,900
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 17, 2003
Sold by
Shaw Arthur
Bought by
Shaw Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,818
Interest Rate
5.18%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 1995
Sold by
Puseman Gary L
Bought by
Rausch David J and Rausch Ellen Adele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,245
Interest Rate
7.92%
Mortgage Type
Assumption
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
Kerbs Korina C $200,000 First American Title Ins Co
Nye Lianne K -- Stewart Title Of Spokane
Nye Lianne K $234,900 Stewart Title Of Spokane
Shaw Kimberly A -- Transnation Title Ins Co
Shaw Kimberly A -- Transnation Title Ins Co
Rausch David J $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerbs Korina C $255,000
Closed Kerbs Korina C $160,000
Previous Owner Nye Jeffrey D $236,060
Previous Owner Nye Lianne K $234,900
Previous Owner Shaw Kimberly A $128,000
Previous Owner Shaw Kimberly A $32,000
Previous Owner Shaw Kimberly A $135,818
Previous Owner Rausch David J $121,245
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $200,000 -7.0% $89 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
04/14/2016 04/14/16 For Sale $215,000 -- $96 / 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 $4,408 $422,100 $110,000 $312,100
2024 $4,408 $414,000 $105,000 $309,000
2023 $3,913 $411,900 $85,000 $326,900
2022 $3,906 $409,700 $85,000 $324,700
2021 $3,609 $289,700 $65,000 $224,700
2020 $3,302 $269,100 $66,000 $203,100
2019 $2,986 $254,100 $66,000 $188,100
2018 $2,969 $209,700 $49,500 $160,200
2017 $2,676 $192,300 $49,500 $142,800
2016 $2,636 $183,600 $49,500 $134,100
2015 $2,501 $171,100 $49,500 $121,600
2014 -- $166,600 $45,000 $121,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201615497

Spokane Association of REALTORS®

APN: 45321.1615