$895,000

515 S Shelley Lake Ln Spokane Valley, WA 99037

Estimated payment $5,512/month

Total Views 297
4 Beds
3 Baths
3,846 Sq Ft
$233 Price per Sq Ft

Highlights

  • Lake Front
  • 2 Fireplaces
  • Double Oven
  • Radiant Floor
  • Solid Surface Countertops
  • 3 Car Attached Garage

About This Home

Hurry to view one of the finest homes in the highly sought after gated Shelley Lake community situated in the Spokane Valley. This stunning waterfront home has jaw dropping views of the water, mountains, and trees that you will never get tired of. Not only does the home back to the private lake but it also abuts the lakefront paved pathway. The home was built by a local family who owned a flooring and countertop business and is loaded with every upgrade you could imagine; from radiant floor heat throughout the home plus central air conditioning, custom stone counters and flooring, kitchenette/wet bar downstairs, walk out basement, hot tub, concrete deck overlooking the water, and lots of recent updating. The oversized garage, gated & secure community plus easy access to shopping, schools, medical, and the freeway make this a waterfront dream home come true loaded with all the luxuries you’d hope to find in a custom home.

Listing Agent

Joel Elgee

Avalon 24 Real Estate License #27675 Listed on: 08/19/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,628

Year Built

  • Built in 2000

Lot Details

  • 9,148 Sq Ft Lot
  • Lake Front
  • Property fronts a private road
  • Open Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Water
  • Mountain
  • Territorial

Home Design

  • Brick or Stone Veneer
  • Vinyl Siding

Interior Spaces

  • 3,846 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Vinyl Clad Windows
  • Utility Room
  • Radiant Floor

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement with some natural light

Schools

  • Evergreen Middle School
  • Central Valley High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Hot Water Heating System
  • High Speed Internet

Additional Features

  • Air Purifier
  • Shed

Listing and Financial Details

  • Assessor Parcel Number 45242.1206

Community Details

Overview

  • Property has a Home Owners Association
  • Shelley Lake Subdivision

Recreation

  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,628

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Year Built: 2000
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLotFeatures: Views, Sprinkler - Automatic, Open Lot
  • Lot Size Acres: 0.21
  • Road Frontage Type: Private Road, Paved Road
  • View Type:Pond View: Mountain(s), Territorial, Water
  • Water Body Name: Shelley Lk
  • Co List Office Phone: +1 (208) 215-20
  • MLS Status: New
  • Subdivision Name: Shelley Lake
  • Architectural Style: Ranch
  • Reso Fireplace Features: Gas
  • Reso Interior Features: High Speed Internet, Pantry, Windows Vinyl, Central Vacuum
  • New Construction: No
  • ResoRoomType: Utility Room
  • Reso Structure Type: One Story
  • Master Plan Zoning: RES
  • HighSpeedInternet: Yes
  • SAR_NumberFireplaces: 2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Finished, Daylight, Rec/Family Area
  • Appliances: Gas Range, Double Oven, Dishwasher, Refrigerator, Disposal, Microwave, Hard Surface Counters
  • Other Equipment: Air Purifier
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Waterfront Features: Lake Front, Own Assoc, See Remarks
  • Construction Type: Stone Veneer, Vinyl Siding, See Remarks
  • Exterior Features: Spa/Hot Tub
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Garage Door Opener, Oversized

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air, Other
  • Heating: Natural Gas, Electric, Forced Air, Heat Pump, Hot Water, Radiant Floor, Humidity Control, See Remarks, Zoned

Condo/Co-op/Association

  • Senior Community: No
  • Association: Yes

Schools

  • Elementary School: Adams
  • High School: Central Valley
  • Middle Or Junior School: Evergreen

Lot Info

  • Parcel Number: 45242.1206
  • Lot Size Sq Ft: 9148
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 7628.22

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,629 $739,500 $190,000 $549,500
2024 $7,628 $722,600 $150,000 $572,600
2023 $6,974 $722,400 $90,000 $632,400
2022 $6,546 $737,300 $90,000 $647,300
2021 $6,690 $540,300 $70,000 $470,300
2020 $5,966 $489,400 $70,000 $419,400
2019 $5,315 $455,200 $65,000 $390,200
2018 $5,693 $405,000 $65,000 $340,000
2017 $5,323 $385,600 $65,000 $320,600
2016 $4,673 $327,800 $65,000 $262,800
2015 $4,638 $319,800 $57,000 $262,800
2014 -- $319,800 $57,000 $262,800
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $895,000 +98.9% $233 / Sq Ft
02/02/2017 02/02/17 Sold $450,000 +12.5% $122 / Sq Ft
12/29/2016 12/29/16 Pending -- -- --
12/29/2016 12/29/16 For Sale $400,000 -- $108 / Sq Ft
Source: Spokane Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 Ticor
Interfamily Deed Transfer -- Pacific Nw Title
Interfamily Deed Transfer -- --
Quit Claim Deed -- Transnation Title Insurance
Warranty Deed -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $440,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Previous Owner $98,000 Credit Line Revolving
Previous Owner $292,500 Purchase Money Mortgage
Source: Public Records

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Source: Spokane Association of REALTORS®

MLS Number: 202522668

Spokane Association of REALTORS®

APN: 45242.1206