NOT LISTED FOR SALE

504 E Montgomery Ave Spokane, WA 99207

Logan Neighborhood

Estimated Value: $319,000 - $450,000

5 Beds
2 Baths
2,278 Sq Ft
$163/Sq Ft Est. Value

Last Sold September 10, 2013

Last sale price $90,000 $40 Per Sq Ft

Est. 312% increase in value since last sale

Current estimated payment $2,211/month

46 Days on Market

Highlights

  • Victorian Architecture
  • Corner Lot
  • 1 Car Detached Garage
  • Lewis & Clark High School Rated A
  • Fenced Yard
  • Bay Window

About This Home

As of September 2013

Wonderful Investment Opportunity! Seller only wants an owner contract! Great Duplex that has great rental history. Vintage Apt Building- fenced yard- great storage- your opportunity to build long term equity and have cash flow! This duplex has a great rental history - 2 bedroom unit on main floor, 2 bedroom unit upstairs.

Last Agent to Sell the Property

Leif Tangvald

Kelly Right Real Estate of Spokane License #50130 Listed on: 07/10/2013

Last Buyer's Agent

Stacey Peters

Professional Realty Services License #112157

Professional Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,855

Year Built

  • Built in 1902

Lot Details

  • 7,500 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Level Lot
  • Open Lot

Parking

  • 1 Car Detached Garage
  • Off-Site Parking

Home Design

  • Victorian Architecture
  • Asbestos

Interior Spaces

  • 2,278 Sq Ft Home
  • 2-Story Property
  • Bay Window
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Free-Standing Range

Outdoor Features

  • Patio
  • Playground

Schools

  • Shaw Middle School
  • Rogers High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35083.0705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,855

Year Built

Built in 1902

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1902
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Level, Open Lot, Corner Lot
  • Lot Size Acres: 0.22
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Cable TV, Patio, High Speed Internet, Play Area
  • Co List Office Phone: 509-926-2006
  • MLS Status: Sold
  • Architectural Style: Victorian
  • Reso Interior Features: Window Bay Bow
  • Reso Structure Type: Two Story
  • Master Plan Zoning: RES
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1990

Interior Features

  • Basement: Full, Unfinished
  • Appliances: Free-Standing Range, Refrigerator
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Asbestos

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Site

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Baseboard
  • NumberOfRanges: 2

Schools

  • Elementary School: Logan
  • High School: Rogers
  • Middle Or Junior School: Shaw

Lot Info

  • Parcel Number: 35083.0705
  • Lot Size Sq Ft: 7500

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1855
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2013
Closed on
Aug 5, 2013
Sold by
Jodka Fran Abelman
Bought by
Koller Gregory J and Koller Cynthia A
Seller's Agent
Leif Tangvald
Kelly Right Real Estate of Spokane
Buyer's Agent
Stacey Peters
Professional Realty Services
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Current Estimated Value
$371,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,209
Avg. Annual Appreciation
12.96%
Original Mortgage
$75,000
Outstanding Balance
$56,020
Interest Rate
4.27%
Mortgage Type
Seller Take Back
Estimated Equity
$335,218

Purchase Details

Closed on
Sep 2, 2003
Sold by
Abelman Frances M
Bought by
Abelman Jodka Family Trust

Purchase Details

Closed on
Jan 20, 1998
Sold by
Fairburn Rachel
Bought by
Abelman Fran
Source: Public Records

Range of Values:

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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
Koller Gregory J $90,280 Spokane County Title Co
Abelman Jodka Family Trust -- First American Title Ins Co
Abelman Fran -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koller Gregory J $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2013 09/10/13 Sold $90,000 -5.3% $40 / Sq Ft
08/25/2013 08/25/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $95,000 -- $42 / 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 $2,910 $340,300 $75,000 $265,300
2024 $2,910 $293,000 $70,000 $223,000
2023 $2,820 $288,000 $65,000 $223,000
2022 $2,676 $288,000 $65,000 $223,000
2021 $2,483 $208,500 $25,000 $183,500
2020 $2,378 $192,300 $25,000 $167,300
2019 $2,068 $172,800 $23,000 $149,800
2018 $2,014 $144,600 $20,000 $124,600
2017 $1,830 $133,800 $20,000 $113,800
2016 $1,677 $119,900 $20,000 $99,900
2015 $1,876 $131,300 $20,000 $111,300
2014 -- $131,300 $20,000 $111,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201320631

Spokane Association of REALTORS®

APN: 35083.0705