NOT LISTED FOR SALE

4014 N Arden Rd Otis Orchards, WA 99027

Otis Orchards-East Farms Neighborhood

Estimated Value: $470,000 - $597,221

3 Beds
2 Baths
1,980 Sq Ft
$271/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $430,000 $217 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,418/month

6 Days on Market

About This Home

As of May 2023

Rare 7 acre horse property, 5 acres of timothy/Alfafa hay field, 3 stall barn + 4th/5th stall under lean-to on barn's east end Barn holds approximatley 10 tons of hay. West end garage style barn door damaged by 60+ mph Nov 15 & 16, '21 wind storm. Lots of storage space on lean-to barn south side. 3 car garage added in 2010 with work area. Former attached garage converted into a suite by a prior sellers with a full bathroom. Sellers used as Mother's apartment. Gas stove does not work. Front porch with remodeled roof was extended over a new porch & front door by a prior seller. Buyers & buyers agents please look past clutter at great value of horse property & home priced $120,100 under Assessed 2023 value. A new shingle roof installed on home after 2021 wind storm. Property sold "as is". For more info, review form 17 thoroughly Property will not be approved for VA or FHA financing. The listing agent is a long time, close personal friend of one of the sellers.

Last Agent to Sell the Property

Ray Murphy

Lakeshore Realty License #75229 Listed on: 03/15/2023

Last Buyer's Agent

Merri Joy Moylan

Kelly Right Real Estate of Spokane License #20114882

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2024
Sold by
Mertens Steven and Mertens Anna
Bought by
Mertens Jacob
Current Estimated Value
$537,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$79,453
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$458,102

Purchase Details

Listed on
Mar 15, 2023
Closed on
Apr 28, 2023
Sold by
Wallace Lynn J
Bought by
Mertens Steven and Mertens Anna
Seller's Agent
Ray Murphy
Lakeshore Realty
Buyer's Agent
Merri Joy Moylan
Kelly Right Real Estate of Spokane
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$330,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2015
Sold by
Thomas Dennis and Delisi Lesa
Bought by
Horton Danny D and Curtiss Vera Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,127
Interest Rate
3.73%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2009
Sold by
Yhalkee Nancy L and Bray Nancy L
Bought by
Thomas Dennis and Delisi Lesa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 10, 1999
Sold by
Osborn Thomas J and Osborn Stephanie L
Bought by
Bray Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,400
Interest Rate
7.7%

Purchase Details

Closed on
Sep 13, 1996
Sold by
Heid Forrest E and Heid Virginia R
Bought by
Osborn Thomas J and Osborn Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,250
Interest Rate
7.87%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Mertens Jacob $313 None Listed On Document
Mertens Steven -- None Listed On Document
Horton Danny D $269,000 Spokane County Title Company
Thomas Dennis $240,000 Spokane County Title Co
Bray Nancy L $139,000 Pacific Nw Title
Osborn Thomas J $122,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mertens Jacob $80,000
Previous Owner Mertens Steven $330,000
Previous Owner Horton Danny D $264,127
Previous Owner Thomas Dennis $235,653
Previous Owner Bray Nancy L $120,000
Previous Owner Bray Nancy L $71,000
Previous Owner Bray Nancy L $75,000
Previous Owner Bray Nancy L $53,400
Previous Owner Osborn Thomas J $121,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $430,000 +1.2% $217 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $425,000 -- $215 / 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
2024 $5,084 $507,200 $285,400 $221,800
2023 $5,438 $536,200 $285,400 $250,800
2022 $5,191 $545,100 $285,400 $259,700
2021 $4,876 $377,000 $187,700 $189,300
2020 $4,708 $346,800 $174,700 $172,100
2019 $4,245 $317,360 $153,160 $164,200
2018 $3,847 $265,450 $109,350 $156,100
2017 $3,728 $258,550 $109,350 $149,200
2016 $3,380 $235,850 $96,350 $139,500
2015 $3,426 $230,950 $96,350 $134,600
2014 -- $230,450 $96,350 $134,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ray Murphy

    Seller's Agent in 2023

    Ray Murphy

    Lakeshore Realty

    (208) 699-5048

    1 in this area

    18 Total Sales

    Ray Murphy
    Section Image
  • Merri Joy Moylan

    Buyer's Agent in 2023

    Merri Joy Moylan

    Kelly Right Real Estate of Spokane

    (208) 277-4613

    1 in this area

    78 Total Sales

    Merri Joy Moylan
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202312439

Spokane Association of REALTORS®

APN: 55032.9041

Washington Spokane County Otis Orchards 99027 Otis Orchards-East Farms

4014 N Arden Rd, Otis Orchards, WA

This home is located at 4014 N Arden Rd, Otis Orchards, WA 99027 since 15 March 2023 and is currently estimated at $537,555, approximately $271 per square foot. This property was built in 1942. 4014 N Arden Rd is a home located in Spokane County with nearby schools including Otis Orchards School, East Valley Middle School, and East Valley High School & Extension.

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