$579,885

5407 N Chase Rd Newman Lake, WA 99025

Otis Orchards-East Farms Neighborhood

Estimated payment $3,439/month

Total Views 11,760
2 Beds
2 Baths
1,408 Sq Ft
$412 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • Territorial View
  • Separate Outdoor Workshop
  • 4.64 Acre Lot
  • Fenced Yard
  • Oversized Lot

About This Home

Discover this nearly 5-acre property in the prime location of Otis Orchards. This estate includes a cozy 2-bedroom, 2-bathroom home, a massive 60x32 steel-framed shop with new 12x10 garage doors, an RV pad equipped with its own utilities, a separate barn, a carport, and multiple storage sheds. The property is ideal for large animals and horses, featuring fencing on three sides. This is a perfect investment opportunity—build on the land, rent it out, and enjoy a steady monthly income.

Listing Agent

Lee Arnold

Keller Williams Spokane - Main Brokerage Phone: (801) 574-4020 License #25890 Listed on: 01/02/2025

Keller Williams Spokane - Main

Co-Listing Agent

Michelle Eyraud-Mendez

Cogo Realty Brokerage Phone: (801) 574-4020 License #22037767

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,643

Year Built

  • Built in 1984

Lot Details

  • 4.64 Acre Lot
  • Fenced Yard
  • Oversized Lot
  • Level Lot

Parking

  • 4 Car Detached Garage
  • 1 Carport Space
  • Workshop in Garage

Home Design

  • Brick or Stone Veneer
  • Metal Roof

Interior Spaces

  • 1,408 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Utility Room
  • Territorial Views
  • Free-Standing Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Schools

  • East Valley Middle School
  • East Valley High School

Additional Features

  • Horses Allowed On Property
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 56364.0209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,643

Year Built

Built in 1984

Lot Details

0

Parking

4

Listing Details

  • Year Built: 1984
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Views, Fenced Yard, Level, Oversized Lot, Horses Allowed
  • Lot Size Acres: 4.64
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: Territorial
  • Reso Association Amenities: None
  • Co List Office Mls Id: SAR1665
  • Co List Office Phone: +1 (208) 620-91
  • Attribution Contact: Main: (801) 574-4020
  • Co List Office Phone: +1 (509) 458-40
  • MLS Status: Active
  • Architectural Style: Ranch
  • Reso Interior Features: Hot Water, Windows Vinyl
  • ResoRoomType: Utility Room
  • Reso Structure Type: One Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Appliances: Free-Standing Range, Refrigerator
  • Total Bedrooms: 2

Exterior Features

  • Roof: Metal
  • Construction Type: Stone Veneer, Wood Siding
  • Other Structures: Workshop, Shed(s)
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Detached, Carport, Slab, RV Access/Parking, Workshop in Garage, Oversized

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • NumberOfRanges: 1

Schools

  • Elementary School: East Farms
  • High School: East Valley
  • Middle Or Junior School: East Valley

Lot Info

  • Parcel Number: 56364.0209
  • Lot Size Sq Ft: 202118
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3643.4

Map

Range of Values:

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Average Value
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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 $4,721 $490,640 $178,240 $312,400
2024 $4,721 $462,060 $160,960 $301,100
2023 $3,752 $351,760 $160,960 $190,800
2022 $3,429 $356,660 $160,960 $195,700
2021 $3,305 $241,400 $101,400 $140,000
2020 $3,174 $218,780 $94,580 $124,200
2019 $2,884 $200,550 $81,850 $118,700
2018 $2,841 $184,250 $81,850 $102,400
2017 $2,753 $179,050 $81,850 $97,200
2016 $2,657 $174,750 $81,850 $92,900
2015 $2,738 $174,750 $81,850 $92,900
2014 -- $174,750 $81,850 $92,900
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Price Changed $579,885 0.0% $412 / Sq Ft
08/12/2025 08/12/25 Price Changed $579,886 0.0% $412 / Sq Ft
07/16/2025 07/16/25 Price Changed $579,887 0.0% $412 / Sq Ft
06/04/2025 06/04/25 Price Changed $579,888 0.0% $412 / Sq Ft
05/28/2025 05/28/25 Price Changed $579,889 0.0% $412 / Sq Ft
05/22/2025 05/22/25 Price Changed $579,890 0.0% $412 / Sq Ft
04/10/2025 04/10/25 Price Changed $579,891 0.0% $412 / Sq Ft
04/03/2025 04/03/25 Price Changed $579,892 0.0% $412 / Sq Ft
03/20/2025 03/20/25 Price Changed $579,893 0.0% $412 / Sq Ft
03/11/2025 03/11/25 Price Changed $579,894 0.0% $412 / Sq Ft
02/20/2025 02/20/25 Price Changed $579,895 0.0% $412 / Sq Ft
02/12/2025 02/12/25 Price Changed $579,896 0.0% $412 / Sq Ft
02/05/2025 02/05/25 Price Changed $579,897 0.0% $412 / Sq Ft
01/23/2025 01/23/25 Price Changed $579,898 0.0% $412 / Sq Ft
01/17/2025 01/17/25 Price Changed $579,899 0.0% $412 / Sq Ft
01/02/2025 01/02/25 For Sale $579,900 -- $412 / Sq Ft
Source: Spokane Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title
Special Warranty Deed -- Transnation Title Ins Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $473,500 New Conventional
Source: Public Records

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Source: Spokane Association of REALTORS®

MLS Number: 202510128

Spokane Association of REALTORS®

APN: 56364.0209

Washington Spokane County Newman Lake 99025 Otis Orchards-East Farms

5407 N Chase Rd, Newman Lake, WA

This home is located at 5407 N Chase Rd, Newman Lake, WA 99025 and is currently priced at $579,885, approximately $411 per square foot. This property was built in 1984. 5407 N Chase Rd is a home located in Spokane County with nearby schools including East Farms School, East Valley Middle School, and East Valley High School & Extension.

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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.
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Lee Arnold
Listing Agent
Lee Arnold
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Keller Williams Spokane - Main
(800) 341-9918