NOT LISTED FOR SALE

504 E Olympic Ave Unit 506 E Olympic Ave Spokane, WA 99207

Nevada Lidgerwood Neighborhood

Estimated Value: $428,000 - $496,000

7 Beds
4 Baths
2,501 Sq Ft
$182/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $420,000 $168 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,733/month

35 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Forced Air Heating and Cooling System
  • City View
  • 3 Car Attached Garage
  • Dining Room

About This Home

As of November 2021

Investment or multi-family opportunity! Visit 504 and enjoy 2 Bedrooms 1 full bath with main floor laundry. Full kitchen with gas stove, informal dining, family room complete with wood fireplace. Downstairs of 504 is a full dwelling space with 2 legal bedrooms and 3/4 bathroom. Kitchen with stove, fridge, family room and laundry room. 2 car garage and half bath in garage, extra space for shop area, complete with power, garage door openers and cement flooring. Attached is unit 506 with single car garage, powered garage door opener and cement flooring. Above the garage are 3 large bedrooms, 1.75 baths, complete kitchen with new appliances and laundry. Each unit is very spacious with ample storage. This property is in pristine condition! All custom remodel!

Last Agent to Sell the Property

Lenae Thornton

Keller Williams Spokane - Main License #27451 Listed on: 08/26/2021

Keller Williams Spokane - Main

Last Buyer's Agent

Dain Adams

Synergy Properties License #21026736

Synergy Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,720

Year Built

  • Built in 1912

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Composition Roof
  • Hardboard

Interior Spaces

  • 2,501 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Dining Room
  • City Views

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Laundry in Basement

Parking

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

Schools

  • Lidgerwood Elementary School
  • Garry Middle School
  • Rogers High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 36323.1311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,720

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1912
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 08/26/2021
  • Common Interest Community: No
  • Geo Address Line: 504 E Olympic Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 8/27/2021 5:36:20 AM
  • Geo Zoom Level: 15
  • Sr High: Rogers
  • Year Renovated: 1984
  • Jr High: Garry
  • Allow Public Comments: No
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 2501
  • Price Per Sq Ft: 167.93
  • Number of Stories: 1
  • Basement: Full, Finished, Fam/Rec Rm, Lndry
  • Basement: Yes
  • Special Features: Mn Flr Util, In-Law Setup
  • Design: Rancher
  • Dining Room: Informal
  • Family/Recreation Room: Bsmt, 1st Flr, 2nd Flr
  • Features: 200 AMP, Breakers
  • Fireplace: Wood
  • Kitchen Appliances: Fr Stnd Rng, Gas Rng, D/W, Refrig, Microwave, Washer, Dryer
  • Primary Bedroom: 1st Flr
  • Number of Ranges: 3
  • Number of Refrigerators: 3

Exterior Features

  • Exterior: Hardboard
  • Roof: Comp

Garage/Parking

  • Carport Size: 0
  • Garage Parking: Attached, RV Parking, Opener, Shop Area, Off St Prkg
  • Garage Size: 3
  • Number Garages: 3
  • Number Parking Spaces: 3

Utilities

  • Heating/Cooling: Gas, Elec, Forced Air, Basebd, Wall A/C
  • Power Company: Avista
  • Water Company: City

Condo/Co-op/Association

  • Amenities: Gas Hot Wtr

Schools

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

Lot Info

  • Acres Mol: 0.14
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Dimension Depth: 119
  • Estimated Lot Dimension Front: 50
  • Lot Information: Level, Corner
  • Lot View: City
  • Parcel Number: 36323.1311
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Tax Info

  • Taxes: 2720

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

Listed on
Aug 26, 2021
Closed on
Nov 2, 2021
Sold by
Beyer Donald D and Beyer Mary L
Bought by
Prestige Woodwide Properies Llc
Seller's Agent
Lenae Thornton
Keller Williams Spokane - Main
Buyer's Agent
Dain Adams
Synergy Properties
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%
Current Estimated Value
$455,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,333
Avg. Annual Appreciation
1.97%
Original Mortgage
$390,000
Outstanding Balance
$356,818
Interest Rate
2.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$98,515
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Prestige Woodwide Properies Llc $420,000 Nextitle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prestige Woodwide Properies Llc $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $420,000 -3.4% $168 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $435,000 -- $174 / 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 $4,255 $434,600 $68,000 $366,600
2024 $4,255 $428,900 $60,000 $368,900
2023 $4,145 $423,900 $55,000 $368,900
2022 $3,099 $423,900 $55,000 $368,900
2021 $2,720 $228,500 $30,000 $198,500
2020 $2,424 $196,100 $30,000 $166,100
2019 $2,149 $179,600 $22,000 $157,600
2018 $2,278 $163,600 $20,000 $143,600
2017 $2,117 $154,800 $20,000 $134,800
2016 $2,013 $144,000 $20,000 $124,000
2015 $1,957 $137,000 $27,500 $109,500
2014 -- $137,000 $27,500 $109,500
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lenae Thornton

    Seller's Agent in 2021

    Lenae Thornton

    Keller Williams Spokane - Main

    (509) 209-0741

    16 in this area

    130 Total Sales

    Lenae Thornton
    Section Image

  • D

    Buyer's Agent in 2021

    Dain Adams

    Synergy Properties

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202121295

Spokane Association of REALTORS®

APN: 36323.1311

Washington Spokane County Spokane 99207 Nevada Lidgerwood

504 E Olympic Ave Unit 506 E Olympic Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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