NOT LISTED FOR SALE

Estimated Value: $184,051 - $294,000

0.14 Acre
$1,721,550 Price per Acre
6,000 Sq Ft Lot

Last Sold October 31, 2022

Last sale price $95,000

Est. 154% increase in value since last sale

Current estimated payment $1,321/month

49 Days on Market

About This Lot

As of October 2022

Multi-Family corner building lot! Build up to 4 units on this 50’ wide spot lot in a quiet & convenient South Hill neighborhood. Investors, this is the time to take advantage of Spokane‘s robust rental market with a stable investment and high potential net income. New construction 3 bed / 2.5 bath townhouse units should rent for $2,500/month. Contact us about plans in building your new multi-unit or bring your own builder. All utilities in the street making for easy connections. There is a newer built 24 x 30 shop that could be utilized after the build. Could even sub divide into 4 townhouse lots. This is a great location close to grocery/shopping, transit lines & I-90 in an established neighborhood tucked away from arterials and thru streets. Whether you’re a first time investor or looking to add to your portfolio, this property has potential to become a low maintenance cash-cow!

Last Agent to Sell the Property

Erik Dordal

Windermere City Group License #91026 Listed on: 09/01/2022

Windermere City Group

Last Buyer's Agent

Randy Huggins

Windermere Manito, LLC License #74845

Windermere Manito, LLC

Property Details

Property Type

  • Land

Lot Details

  • 6,000 Sq Ft Lot
  • Corner Lot
  • Landscaped with Trees
  • Property is zoned MDR

Outdoor Features

  • Shop

Schools

  • Sheridan Elementary School
  • Chase Middle School
  • Ferris High School

Utilities

  • Gas Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 35224.1224

Property Details

Property Type

Land

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Sub Type: Land
  • Access: Pub Rd, Paved
  • Class: Lots & Land
  • Zone: MDR
  • Lvt Date: 09/01/2022
  • Common Interest Community: No
  • Geo Address Line: 3930 E 7th Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 9/1/2022 3:47:12 PM
  • Geo Zoom Level: 15
  • Sr High: Ferris
  • Jr High: Chase
  • Allow Public Comments: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 15.83

Exterior Features

  • Out Buildings: Shop

Utilities

  • Utilities: Gas Av Prop L, Phn Av Prop L, Pwr Av Prop L, CTV Av Prop L
  • Power Company: Avista
  • Water Company: City
  • Sewage System: Pub Sewer, Swr Av Prop L
  • Water System: Pub Wtr, Wtr Av Prop L

Schools

  • School District: Spokane Dist 81
  • Elementary School: Sheridan

Lot Info

  • Acres Mol: 0.14
  • Estimated Lot Sq Ft: 6000
  • Loc Dir E W: E
  • Loc Dir N S: S
  • Loc Numberblk E W: 39
  • Loc Numberblks N S: 7
  • Estimated Lot Dimension Depth: 120
  • Estimated Lot Dimension Front: 50
  • Lot Information: Treed, Corner, Surveyed
  • Parcel Number: 35224.1224
  • Improvements: Curbed, Sidewalks
  • Multiple Parcels: No

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 35224.1224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Oct 25, 2022
Sold by
Urban Empire Homes Llc
Bought by
Fechner Ronald and Fechner Nancy
Seller's Agent
Erik Dordal
Windermere City Group
Buyer's Agent
Randy Huggins
Windermere Manito, LLC
List Price
$99,900
Sold Price
$95,000
Premium/Discount to List
-$4,900
-4.9%
Views
63
Current Estimated Value
$241,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,017
Avg. Annual Appreciation
32.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fechner Ronald -- Ticor Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $95,000 -4.9% --
10/20/2022 10/20/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $99,900 -- --
Source: Spokane Association of REALTORS®

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 $963 $106,700 $100,000 $6,700
2024 $963 $96,100 $90,000 $6,100
2023 $803 $96,100 $90,000 $6,100
2022 $0 $81,100 $75,000 $6,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202222041

Spokane Association of REALTORS®

APN: 35224.1224

Your Personal Tour Guide

Ask me questions while you tour the home.