NOT LISTED FOR SALE

505 E Gem Ln Colbert, WA 99005

Dartford Neighborhood

Estimated Value: $907,000 - $984,000

6 Beds
3 Baths
4,146 Sq Ft
$227/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $800,000 $193 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,757/month

About This Home

As of November 2021

This home is located at 505 E Gem Ln, Colbert, WA 99005 since 05 November 2021 and is currently estimated at $942,284, approximately $227 per square foot. This property was built in 1991. 505 E Gem Ln is a home located in Spokane County with nearby schools including Midway Elementary School, Mountainside Middle School, and Mt. Spokane High School.

Last Buyer's Agent

Jennifer Gilbert-Smith

Leading Advantage Realty License #18825

Leading Advantage Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1867428

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,601

Year Built

  • Built in 1991

Lot Details

  • 5

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Cement Board or Planked

Parking

  • Garage
  • Driveway

Utilities

  • Septic System

Community Details

  • Mead Community

Listing and Financial Details

  • Assessor Parcel Number 37173.9085

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,601

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Estimated Sq Ft: 4146
  • Square Footage Finished: 4146
  • Total Square Footage: 4146

Exterior Features

  • Exterior: Brick, Cement Planked
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached, Garage-Detached, Driveway Parking
  • Total Covered Parking: 6

Utilities

  • Sewer: Septic
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mead

Lot Info

  • Lot Sq Ft: 217800
  • Parcel Number: 37173.9085

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Nov 3, 2021
Sold by
Novelli Gerry and Gerry Novelli Revocable Living
Bought by
Hazard Cori and Hazard Cordell Marcus
Buyer's Agent
Jennifer Gilbert-Smith
Leading Advantage Realty
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$942,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,284
Avg. Annual Appreciation
4.20%
Original Mortgage
$828,800
Outstanding Balance
$758,284
Interest Rate
2.88%
Mortgage Type
VA
Estimated Equity
$184,000

Purchase Details

Closed on
Jul 12, 2011
Sold by
Novelli Gerry L and Nelson Gerry L
Bought by
Gerry Novelli Revocable Living Trust

Purchase Details

Closed on
Apr 8, 2011
Sold by
Honkala Randolph A and Honkala Renee C
Bought by
Nelson Gerry L

Purchase Details

Closed on
Jan 28, 2005
Sold by
Mitchell Jeffrey D
Bought by
Honkala Randy A and Honkala Renee C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2001
Sold by
Smith Michael Duane
Bought by
Schlabach John J and Land Management Trust

Purchase Details

Closed on
Dec 12, 1997
Sold by
Trail Jeffery A and Trail Kammy R
Bought by
Smith Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,920
Interest Rate
8.99%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Hazard Cori $800,000 Ticor Title Company
Gerry Novelli Revocable Living Trust -- None Available
Nelson Gerry L $457,280 First American Title Ins
Honkala Randy A $367,000 First American Title Ins
Schlabach John J -- --
Smith Michael D $239,900 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hazard Cori $828,800
Previous Owner Honkala Randy A $147,000
Previous Owner Smith Michael D $191,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2021 11/05/21 Sold $800,000 0.0% $193 / Sq Ft
11/05/2021 11/05/21 Sold $800,000 0.0% $193 / Sq Ft View Prior Sale
11/05/2021 11/05/21 For Sale $800,000 0.0% $193 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $800,000 -- $193 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $9,601 $906,960 $188,560 $718,400
2024 $9,601 $952,160 $168,360 $783,800
2023 $7,585 $916,720 $159,520 $757,200
2022 $7,321 $836,820 $159,520 $677,300
2021 $6,398 $607,180 $116,280 $490,900
2020 $6,014 $541,380 $96,280 $445,100
2019 $5,705 $518,260 $89,960 $428,300
2018 $6,198 $472,360 $89,960 $382,400
2017 $5,896 $452,560 $89,960 $362,600
2016 $6,041 $454,060 $89,960 $364,100
2015 $4,073 $419,260 $89,960 $329,300
2014 -- $408,270 $85,570 $322,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kyle Krug

    Seller's Agent in 2021

    Kyle Krug

    John L Scott, Inc.

    (509) 951-8792

    6 in this area

    189 Total Sales

    Kyle Krug
    Section Image
  • Jennifer Gilbert-Smith

    Buyer's Agent in 2021

    Jennifer Gilbert-Smith

    RE/MAX

    (253) 653-9033

    2 in this area

    56 Total Sales

    Jennifer Gilbert-Smith
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1867428

Northwest Multiple Listing Service (NWMLS)

APN: 37173.9085

Washington Spokane County Colbert 99005 Dartford

505 E Gem Ln, Colbert, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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