NOT LISTED FOR SALE

407 E Broad Ave Spokane, WA 99207

Nevada Lidgerwood Neighborhood

Estimated Value: $317,000 - $376,000

4 Beds
2 Baths
1,637 Sq Ft
$208/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $355,000 $217 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,036/month

2 Days on Market

Highlights

  • 2 Car Attached Garage
  • Level Lot
  • 1-Story Property

About This Home

As of March 2022

Great investment property centrally located. Blocks away from shopping, parks, schools, and public transit. Vinyl siding and windows. Sprinkler system. Long term tenants and under market rents.

Last Agent to Sell the Property

josh thosath

NuKey Realty & Property Mgmt, License #24986 Listed on: 02/24/2022

Last Buyer's Agent

Jon Ehrlich

Coldwell Banker Tomlinson License #25845

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1996

Lot Details

  • Level Lot
  • Sprinkler System

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,637 Sq Ft Home
  • 1-Story Property

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Parking

  • 2 Car Attached Garage
  • Alley Access

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 2 Units
  • Water Sewer Expense $261,860

Listing and Financial Details

  • Assessor Parcel Number 36323.1519

Property Details

Home Type

Multi-Family

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Excluded Items: Tenant belongings
  • Year Built: 1996
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 02/24/2022
  • Common Interest Community: No
  • Geo Address Line: 407 E Broad Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 2/24/2022 10:20:44 PM
  • Geo Zoom Level: 15
  • Allow Public Comments: No
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 1637
  • Price Per Sq Ft: 216.86
  • Number of Stories: 1
  • Basement: Slab
  • Special Features: Mn Flr Util, Vinyl Wn Fr
  • Design: Rancher
  • Features: Breakers
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Microwave
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: Vinyl
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, Alley Access
  • Garage Size: 2
  • Number Garages: 2

Utilities

  • Heating/Cooling: El Wall Unit, Wall A/C
  • Power Company: Avista
  • Water Company: City of Sp

Schools

  • School District: Spokane Dist 81

Lot Info

  • Loc Dir E W: E
  • Loc Numberblk E W: 4
  • Lot Information: Spr Sys, Level
  • Parcel Number: 36323.1519
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 48
  • Multiple Parcels: No

Multi Family

  • Number Air Cond: 2
  • Number Of Units: 2
  • Number Units A: 1
  • Number Units B: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
Diamond Rock Financial Llc
Bought by
Diamond Rock Properties Llc
Current Estimated Value
$341,056

Purchase Details

Closed on
Feb 4, 2025
Sold by
Gratus Investments Llc
Bought by
Diamond Rock Financial Llc

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 18, 2022
Sold by
407 Broad Llc
Bought by
Gratus Investments Llc
Seller's Agent
josh thosath
NuKey Realty & Property Mgmt,
Buyer's Agent
Jon Ehrlich
Coldwell Banker Tomlinson
List Price
$365,000
Sold Price
$355,000
Premium/Discount to List
-$10,000
-2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.05%
Original Mortgage
$385,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2013
Sold by
Spring Living Trust and Spring Jeffrey D
Bought by
Chartwell Properties Llc

Purchase Details

Closed on
Aug 8, 2013
Sold by
Chartwell Properties Llc
Bought by
Spring Jeffrey D and Spring Constance L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,300
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2005
Sold by
Spring James J and Spring Vikki E
Bought by
Chartwell Properties Llc

Purchase Details

Closed on
Nov 1, 2005
Sold by
Chartwell Properties Llc
Bought by
Spring James J and Spring Vikki E

Purchase Details

Closed on
Aug 3, 1997
Sold by
Kerr Richard L and Kerr Ann L
Bought by
Chartwell Properties Llc

Purchase Details

Closed on
Aug 21, 1996
Sold by
Kerr Hansen Corp
Bought by
Kerr Richard L and Kerr Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.42%

Purchase Details

Closed on
Feb 28, 1996
Sold by
Freese Harold W and Freese Wanda L
Bought by
Kerr Hansen Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.04%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Diamond Rock Properties Llc $313 Accommodation/Courtesy Recordi
Diamond Rock Financial Llc -- First American Title Insurance
Gratus Investments Llc -- New Title Company Name
Chartwell Properties Llc -- None Available
Spring Jeffrey D -- Spokane County Title Co
Chartwell Properties Llc -- Transnation Title
Spring James J -- Transnation Title
Chartwell Properties Llc -- Chicago Title Insurance Co
Kerr Richard L -- Transnation Title Ins Co
Kerr Hansen Corp $19,500 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gratus Investments Llc $385,000
Previous Owner Spring Jeffrey D $85,300
Previous Owner Kerr Richard L $104,000
Previous Owner Kerr Hansen Corp $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $355,000 -2.7% $217 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $365,000 -- $223 / 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 $3,055 $331,400 $68,000 $263,400
2024 $3,055 $307,600 $60,000 $247,600
2023 $2,962 $302,600 $55,000 $247,600
2022 $2,442 $302,600 $55,000 $247,600
2021 $2,242 $188,100 $30,000 $158,100
2020 $2,021 $163,300 $30,000 $133,300
2019 $1,681 $140,400 $22,000 $118,400
2018 $1,760 $126,300 $20,000 $106,300
2017 $1,661 $121,400 $20,000 $101,400
2016 $1,708 $122,100 $20,000 $102,100
2015 $1,808 $126,500 $27,500 $99,000
2014 -- $111,300 $27,500 $83,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • josh thosath

    Seller's Agent in 2022

    josh thosath

    NuKey Realty & Property Mgmt,

    (509) 202-9929

    5 in this area

    26 Total Sales

    josh thosath
    Section Image
  • Jon Ehrlich

    Buyer's Agent in 2022

    Jon Ehrlich

    Coldwell Banker Tomlinson

    (509) 714-2898

    5 in this area

    90 Total Sales

    Jon Ehrlich
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202211654

Spokane Association of REALTORS®

APN: 36323.1519

Washington Spokane County Spokane 99207 Nevada Lidgerwood

407 E Broad Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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