NOT LISTED FOR SALE

Estimated Value: $881,000 - $1,057,000

4 Beds
4 Baths
5,577 Sq Ft
$172/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $915,000 $164 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,810/month

71 Days on Market

Highlights

  • RV Access or Parking
  • 4.78 Acre Lot
  • Traditional Architecture
  • Midway Elementary School Rated A-
  • Territorial View
  • Jetted Tub in Primary Bathroom

About This Home

As of April 2023

Custom Home on nearly 5 acres within a few minutes from north side amenities in Mead Schools. The home features spacious rooms throughout, starting with the Foyer that opens to impressive staircase, Formal Living and Dining Room. Kitchen has great room concept and adjoins over sized family room, with access to the deck and private backyard. Upper level features a Large Master Suite with Full Bath, Dbl Sinks, Shower and Jetted Tub, as well as a spacious walk in Closet. Two of the other bedrooms both with their own private bathrooms. Lower level is unfinished with roughed in bathroom, 2 egress windows, ample space for family room and 2 to 3 more bedrooms. Recent updates include fresh interior paint, new carpet, as well as an Architectural Roof with a 40-year transferable warranty. Pavement all the way to the property, as well as the circular drive that adjoins the three-car attached garage. The shop structure has separate septic system, Electric Meter, Natural Gas & Hooked to Whitworth Water.

Last Agent to Sell the Property

Tony Vaughn

Windermere Manito, LLC License #102531 Listed on: 01/03/2023

Windermere Manito, LLC

Last Buyer's Agent

Eric Peterson

Keller Williams Spokane - Main License #50426

Keller Williams Spokane - Main

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,575

Year Built

  • Built in 2002

Lot Details

  • 4.78 Acre Lot
  • Level Lot
  • Open Lot
  • Sprinkler System
  • Garden

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,577 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Territorial Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Range
  • Indoor Grill
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • 4 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Workshop
  • Rough-In Basement Bathroom

Parking

  • 3 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Off-Street Parking
  • RV Access or Parking

Schools

  • Mountainside Middle School
  • Mt Spokane High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Well
  • Gas Water Heater
  • Septic System
  • High Speed Internet
  • Satellite Dish

Community Details

  • Building Patio
  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number 37202.9066

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,575

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Sub Type: Res/Site Blt
  • Access: Pub Rd, Paved
  • Class: Residential
  • Style Of Construction: 2 Story
  • Year Built: 2002
  • Lvt Date: 01/03/2023
  • Common Interest Community: No
  • Geo Address Line: 416 E Rhea Rd
  • Geo Primary City: Colbert
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/3/2023 5:51:24 PM
  • Geo Zoom Level: 15
  • Sr High: Mt Spokane
  • Year Renovated: 2022
  • Jr High: Mountainside
  • Allow Public Comments: No
  • High Speed Internet Avail: Yes
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 5577
  • Price Per Sq Ft: 164.07
  • Number of Stories: 2
  • Bathrooms: 4
  • Bedrooms: 4
  • Estimated First Floor Sq Ft: 1859
  • First Floor Bedrooms: 1
  • First Floor Bathrooms: 1
  • First Floor Family Room: 1
  • First Floor Fireplace: 1
  • Second Floor Estimated Sq Ft: 1628
  • Second Floor Bedrooms: 3
  • Second Floor Bathrooms: 3
  • Basement: Full, Unfinished, RI Bath, Workshop
  • Estimated Basement Sq Ft: 1859
  • Basement Percent: 100
  • Basement: Yes
  • Special Features: Mn Flr Util, Wood Flr, Vinyl Wn Fr, Multi Pn Wn
  • Design: Traditional
  • Dining Room: Formal, Informal, Kit Eat Sp, Eat Bar
  • Family/Recreation Room: 1st Flr, Off Kit, Great room, Formal LR
  • Features: Breakers, 200 AMP
  • Fireplace: Gas
  • Kitchen Appliances: Blt in R/O, Grll Top Rng, Pantry, Kit Island, Washer, Dryer
  • Primary Bedroom: Wlkin Clst, Full Bath, Dbl Sinks, 2nd Flr, Jetted Tub
  • Number of Family Rooms: 1
  • Number of Fireplaces: 1

Exterior Features

  • Exterior: Vinyl
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, RV Parking, Shop Area, Opener, Off St Prkg, Oversized
  • Garage Size: 3

Utilities

  • Heating/Cooling: Gas, Forced Air, Cent A/C
  • Power Company: Avista
  • Water Company: Whitworth

Condo/Co-op/Association

  • Amenities: Sat Dish, Deck, Patio, Gas Hot Wtr

Schools

  • School District: Mead
  • Middle School: Mountainside
  • High School: Mt Spokane
  • School District: Mead

Lot Info

  • Acres Mol: 4.78
  • Estimated Lot Sq Ft: 208217
  • Loc Dir E W: E
  • Loc Numberblk E W: 4
  • Loc Numberblks N S: 184
  • Lot Information: Spr Sys, Level, Open, Garden
  • Lot View: Territorial
  • Parcel Number: 37202.9066
  • Site Improvements: Septic Sys, Well Installed, Pub Wtr
  • Multiple Parcels: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Apr 14, 2023
Sold by
Albin Mark C and Albin Tracy J
Bought by
Gaines Michael O and Gaines Patricia M
Seller's Agent
Tony Vaughn
Windermere Manito, LLC
Buyer's Agent
Eric Peterson
Keller Williams Spokane - Main
List Price
$960,000
Sold Price
$915,000
Premium/Discount to List
-$45,000
-4.69%
Views
28
Current Estimated Value
$960,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,006
Avg. Annual Appreciation
2.34%
Original Mortgage
$715,000
Outstanding Balance
$698,933
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$263,431

Purchase Details

Closed on
Jun 2, 2005
Sold by
Thabel Hardeep
Bought by
Albin Mark C and Albin Tracy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 20, 2002
Sold by
Thabel Jaswant K
Bought by
Thabel Hardeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.04%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 18, 2000
Sold by
Thabel Jasbir S and Thabel Jaswant K
Bought by
Thabel Jaswant K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6%

Purchase Details

Closed on
Jan 13, 2000
Sold by
Singh Mukhtiar and Thabal Hardeep
Bought by
Thabal Hardeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6%

Purchase Details

Closed on
Jan 7, 2000
Sold by
Schreiner Peter
Bought by
Thabel Jaswant K and Thabal Hardeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6%

Purchase Details

Closed on
Jul 13, 1995
Sold by
Olsen Mark R and Olsen Christine A
Bought by
Schreiner Peter
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
Gaines Michael O $915,000 None Listed On Document
Albin Mark C $359,000 First American Title Ins
Thabel Hardeep -- First American Title Ins
Thabel Jaswant K -- Pioneer Title Company
Thabal Hardeep -- Pioneer Title Company
Thabel Jaswant K $60,000 --
Thabel Jaswant K $60,000 Pioneer Title Company
Schreiner Peter -- Transamerica Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaines Michael O $715,000
Previous Owner Albin Mark C $1,500,000
Previous Owner Albin Mark C $1,500,000
Previous Owner Albin Mark C $100,000
Previous Owner Albin Mark C $204,200
Previous Owner Albin Mark C $211,700
Previous Owner Albin Mark C $6,000
Previous Owner Albin Mark C $222,000
Previous Owner Thabal Hardeep $60,000
Previous Owner Thabel Hardeep $100,000
Previous Owner Thabel Jaswant K $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $915,000 0.0% $164 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $915,000 -2.6% $164 / Sq Ft
02/10/2023 02/10/23 Price Changed $939,000 -2.2% $168 / Sq Ft
01/03/2023 01/03/23 For Sale $960,000 -- $172 / 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 $8,575 $850,010 $169,810 $680,200
2023 $7,650 $898,420 $160,920 $737,500
2022 $7,186 $844,020 $160,920 $683,100
2021 $6,371 $604,630 $117,130 $487,500
2020 $5,782 $520,430 $97,130 $423,300
2019 $5,397 $490,110 $90,910 $399,200
2018 $6,031 $459,510 $90,910 $368,600
2017 $5,474 $420,010 $90,910 $329,100
2016 $5,251 $394,410 $90,910 $303,500
2015 $5,050 $389,710 $90,910 $298,800
2014 -- $331,140 $84,140 $247,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202310113

Spokane Association of REALTORS®

APN: 37202.9066