NOT LISTED FOR SALE

5508 E Commerce Ave Spokane, WA 99212

Chief Garry Park Neighborhood

Estimated Value: $261,013 - $290,000

2 Beds
1 Bath
1,600 Sq Ft
$172/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $242,000 $151 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,645/month

138 Days on Market

Highlights

  • RV Access or Parking
  • Oversized Parking
  • Bungalow
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of December 2021

Great Starter or rental 2/1 bed/bath. Excellent family friendly neighborhood, close to public park. Big shop 24' by 24'. Fenced back yard. Possible 2 bedrooms in basement non-egress. New roof, vinyl siding and windows through out. Newer furnace and hot water tank. Needs cosmetic work but great potential.

Last Agent to Sell the Property

William Rauch

Realty Mart, LLC License #21005315 Listed on: 06/04/2021

Last Buyer's Agent

Terry White

Live Real Estate, LLC License #27077

Live Real Estate, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1943

Lot Details

  • 5,000 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot

Home Design

  • Bungalow
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Dining Room
  • Free-Standing Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Workshop in Garage
  • Alley Access
  • RV Access or Parking

Outdoor Features

  • Shop

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Available at Street
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 35114.1605

Home Details

Home Type

Single Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Sub Type: Res/Site Blt
  • Access: Pub Rd, Paved
  • Class: Residential
  • Style Of Construction: 1 Story
  • Year Built: 1943
  • Lvt Date: 06/04/2021
  • Common Interest Community: No
  • Geo Address Line: 5508 E Commerce Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 6/4/2021 7:06:11 PM
  • Geo Zoom Level: 15
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Approx Sq Ft: 1600
  • Price Per Sq Ft: 151.25
  • Bathrooms: 1
  • Bedrooms: 2
  • Estimated First Floor Sq Ft: 800
  • First Floor Bedrooms: 2
  • First Floor Fireplace: 1
  • Basement: Full, Part Fin, Lndry
  • Estimated Basement Sq Ft: 800
  • Basement: Yes
  • Design: Bungalow
  • Dining Room: Informal
  • Features: 200 AMP
  • Fireplace: Insert, Wood
  • Kitchen Appliances: Fr Stnd Rng, Refrig
  • Number of Fireplaces: 1

Exterior Features

  • Exterior: Vinyl
  • Out Buildings: Shop
  • Roof: Comp

Garage/Parking

  • Garage Parking: Detached, RV Parking, Shop Area, Alley Access, Oversized
  • Garage Size: 2

Utilities

  • Heating/Cooling: Gas, Forced Air

Lot Info

  • Acres Mol: 0.12
  • Estimated Lot Sq Ft: 5000
  • Lot Information: Fncd Bk Yd, Level
  • Parcel Number: 35114.1605
  • Site Improvements: Pub Sewer, Swr Avail-St, Pub Wtr, Gas Avail-St

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Nov 23, 2021
Sold by
Burkett Debra K and Burkett Steve R
Bought by
Shugert Robert Eric
Seller's Agent
William Rauch
Realty Mart, LLC
Buyer's Agent
Terry White
Live Real Estate, LLC
List Price
$249,900
Sold Price
$242,000
Premium/Discount to List
-$7,900
-3.16%
Current Estimated Value
$275,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,003
Avg. Annual Appreciation
3.18%
Original Mortgage
$193,600
Outstanding Balance
$177,548
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$97,455

Purchase Details

Closed on
Feb 20, 1998
Sold by
Burkett Debra K and Durland Debra K
Bought by
Burkett Steven R and Burkett Debra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,125
Interest Rate
9.37%
Mortgage Type
Purchase Money Mortgage
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
Shugert Robert Eric $242,000 Wfg Natioinal Title
Burkett Steven R -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shugert Robert Eric $193,600
Previous Owner Burkett Steven R $43,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2021 12/02/21 Sold $242,000 +7.6% $151 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/16/2021 10/16/21 Price Changed $224,900 -10.0% $141 / Sq Ft
10/13/2021 10/13/21 For Sale $249,900 0.0% $156 / Sq Ft
10/13/2021 10/13/21 Price Changed $249,900 +3.3% $156 / Sq Ft
07/15/2021 07/15/21 Off Market $242,000 -- --
06/04/2021 06/04/21 For Sale $260,000 -- $163 / 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 $2,450 $257,600 $60,000 $197,600
2024 $2,450 $254,900 $60,000 $194,900
2023 $2,316 $256,200 $50,000 $206,200
2022 $1,662 $244,900 $50,000 $194,900
2021 $1,589 $131,800 $33,500 $98,300
2020 $1,620 $119,500 $25,000 $94,500
2019 $1,375 $111,700 $25,000 $86,700
2018 $1,585 $106,500 $25,000 $81,500
2017 $1,203 $81,700 $15,000 $66,700
2016 $1,202 $80,100 $15,000 $65,100
2015 $1,194 $77,400 $15,000 $62,400
2014 -- $75,700 $15,000 $60,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Rauch

    Seller's Agent in 2021

    William Rauch

    Realty Mart, LLC

    (509) 995-9930

    1 in this area

    14 Total Sales

    William Rauch
    Section Image

  • T

    Buyer's Agent in 2021

    Terry White

    Live Real Estate, LLC

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202116695

Spokane Association of REALTORS®

APN: 35114.1605

Washington Spokane County Spokane 99212 Chief Garry Park

5508 E Commerce Ave, Spokane, WA

Not Listed for Sale

Detached

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