NOT LISTED FOR SALE

507 N Sommer Rd Spokane Valley, WA 99037

Estimated Value: $453,000 - $773,000

6 Beds
4 Baths
4,200 Sq Ft
$144/Sq Ft Est. Value

Last Sold February 10, 2016

Last sale price $232,500 $55 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $3,762/month

89 Days on Market

Highlights

  • RV Access or Parking
  • Cul-De-Sac
  • Patio
  • Fenced Yard
  • 2 Car Attached Garage
  • Baseboard Heating

About This Home

As of February 2016

Great rental opportunity for your investors! This duplex has 2100 sq ft on each side. fenced back yards, 1 car garage on each unit. Large open living room, bright kitchen and dining room. Basement has 1 bed, 1 bath and additional family room. The top floor has 3 bedrooms and 1 bath.

Last Agent to Sell the Property

Seth Maefsky

Keller Williams Realty Coeur d License #25177 Listed on: 11/13/2015

Keller Williams Realty Coeur d

Last Buyer's Agent

Matt Pool

Realty One Group Eclipse License #113580

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,764

Year Built

  • Built in 1977

Lot Details

  • 0.27 Acre Lot
  • Cul-De-Sac
  • Fenced Yard
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Off-Site Parking
  • RV Access or Parking

Home Design

  • Siding

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Greenacres Middle School
  • Central Valley High School

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Gas Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 45144.2703

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,764

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1977
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Level, Cul-De-Sac
  • Lot Size Acres: 0.27
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Patio, Gas
  • Co List Office Phone: 509-458-4000
  • MLS Status: Sold
  • Architectural Style: Other
  • Reso Interior Features: Utility Room
  • Reso Structure Type: Two Story
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Rec/Family Area
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Disposal, Washer, Dryer
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, RV Parking, Off Site
  • Total Parking Spaces: 4

Utilities

  • Heating: Electric, Baseboard, Ductless
  • NumberOfRanges: 2

Schools

  • Elementary School: Progress
  • High School: Central Valley
  • Middle Or Junior School: Greenacres

Lot Info

  • Parcel Number: 45144.2703
  • Lot Size Sq Ft: 11761

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2764
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2015
Closed on
Jan 22, 2016
Sold by
Tactay Manuel E
Bought by
Tactay Terencia C
Seller's Agent
Seth Maefsky
Keller Williams Realty Coeur d
Buyer's Agent
Matt Pool
Realty One Group Eclipse
List Price
$245,000
Sold Price
$232,500
Premium/Discount to List
-$12,500
-5.1%
Current Estimated Value
$606,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,881
Avg. Annual Appreciation
10.75%
Original Mortgage
$41,000
Outstanding Balance
$3,232
Interest Rate
3.72%
Mortgage Type
Unknown
Estimated Equity
$614,406

Purchase Details

Closed on
Nov 29, 2007
Sold by
Folsom Todd A and Folsom Eleanor
Bought by
Seymour Dennis M and Seymour Melinda H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,050
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2003
Sold by
Hoy Gretchen E
Bought by
Folsom Todd A and Folsom Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,900
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2001
Sold by
Jefvert Warren K
Bought by
Hoy Gretchen E
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
Tactay Terencia C -- First American Title Ins Co
Tactay Terencia C $232,500 First American Title Ins Co
Seymour Dennis M $224,500 Pacific Nw Title
Folsom Todd A $147,400 First American Title Ins
Hoy Gretchen E -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tactay Terencia C $41,000
Previous Owner Seymour Dennis M $198,620
Previous Owner Seymour Dennis M $202,050
Previous Owner Folsom Todd A $117,900
Closed Folsom Todd A $22,110
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2016 02/10/16 Sold $232,500 -5.1% $55 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
11/13/2015 11/13/15 For Sale $245,000 -- $58 / 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 $5,579 $523,000 $90,000 $433,000
2024 $5,579 $518,900 $80,000 $438,900
2023 $4,543 $513,900 $75,000 $438,900
2022 $4,178 $469,300 $65,000 $404,300
2021 $4,196 $334,500 $42,500 $292,000
2020 $3,551 $286,700 $38,000 $248,700
2019 $3,103 $261,100 $34,000 $227,100
2018 $3,260 $228,000 $34,000 $194,000
2017 $2,975 $211,500 $34,000 $177,500
2016 $2,950 $203,300 $32,000 $171,300
2015 $2,843 $192,400 $32,000 $160,400
2014 -- $186,100 $30,000 $156,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Seth Maefsky

    Seller's Agent in 2016

    Seth Maefsky

    Keller Williams Realty Coeur d

    (509) 922-7355

    9 in this area

    467 Total Sales

    Seth Maefsky
    Section Image

  • M

    Buyer's Agent in 2016

    Matt Pool

    Realty One Group Eclipse

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201527294

Spokane Association of REALTORS®

APN: 45144.2703

Washington Spokane County Spokane Valley 99037

507 N Sommer Rd, Spokane Valley, WA

This home is located at 507 N Sommer Rd, Spokane Valley, WA 99037 since 13 November 2015 and is currently estimated at $606,381, approximately $144 per square foot. This property was built in 1977. 507 N Sommer Rd is a home located in Spokane County with nearby schools including Progress Elementary School, North Pines Middle School, and Central Valley High School.

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.

Spokane Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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