NOT LISTED FOR SALE

5724 N Nevada St Spokane, WA 99208

Nevada Lidgerwood Neighborhood

Estimated Value: $381,000 - $410,000

Studio
2 Baths
2,016 Sq Ft
$196/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $375,000 $186 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,275/month

100 Days on Market

Highlights

  • Attached Garage
  • Cooling Available
  • Heating Available

About This Home

As of July 2022

Charming 6 bedroom home rented out by the bedroom. Can be purchased as a part of a larger portfolio at a discount. Call listing agent for more information. NOI - $35,958 7.99% Cap Rate !!

Last Agent to Sell the Property

Devin Mecham

NAI Black License #22006882 Listed on: 01/10/2022

NAI Black

Last Buyer's Agent

Devin Mecham

NAI Black License #22006882 Listed on: 01/10/2022

NAI Black

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 4,356

Parking

  • Attached Garage

Home Design

  • Split Level Home
  • Composition Roof
  • Hardboard

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,356 Sq Ft Lot

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 36321.2129

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd
  • Class: Rental Income
  • Year Built: 1953
  • Style Of Construction: Split Entry
  • Lvt Date: 01/10/2022
  • Common Interest Community: No
  • Geo Address Line: 5724 N Nevada St
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/11/2022 12:16:24 AM
  • Geo Zoom Level: 15
  • Allow Public Comments: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Exterior: Hardboard
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 0

Utilities

  • Heating/Cooling: Elec

Schools

  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 0.1
  • Estimated Lot Sq Ft: 4356
  • Parcel Number: 36321.2129
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Multiple Parcels: No

Multi Family

  • Number Of Units: 6
  • Number Units A: 1
  • Number Units B: 3
  • Number Units C: 1
  • Number Units D: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Jun 14, 2022
Sold by
Vintage Rentals Llc
Bought by
Gingko Property Wa Llc
Seller's Agent
Devin Mecham
NAI Black
Buyer's Agent
Devin Mecham
NAI Black
List Price
$450,000
Sold Price
$375,000
Premium/Discount to List
-$75,000
-16.67%
Current Estimated Value
$368,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,983
Avg. Annual Appreciation
1.47%
Original Mortgage
$1,399,500
Outstanding Balance
$1,321,670
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
-$926,104

Purchase Details

Closed on
Feb 20, 2015
Sold by
Kelley Keith T and Kelley Kendra S
Bought by
Vintage Rentals Llc

Purchase Details

Closed on
Jan 10, 2013
Sold by
Kelley Developments Llc
Bought by
Kelley Keith T and Kelley Kendra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2010
Sold by
Piraeus Llc
Bought by
Kelley Developments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
5.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 24, 2008
Sold by
Howry Beatrice M
Bought by
Piraeus Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gingko Property Wa Llc -- First American Title
Vintage Rentals Llc -- Spokane County Title Company
Kelley Keith T -- First American Title Ins Co
Kelley Developments Llc $137,280 Pacific Northwest Title
Piraeus Llc $69,900 Stewart Title Of Spokane
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gingko Property Wa Llc $1,399,500
Previous Owner Kelley Keith T $91,000
Previous Owner Kelley Developments Llc $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Sold $375,000 -11.8% $186 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
03/18/2022 03/18/22 Price Changed $425,000 -5.6% $211 / Sq Ft
01/10/2022 01/10/22 For Sale $450,000 -- $223 / Sq Ft
Source: Spokane Association of REALTORS®

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 $3,696 $380,140 $48,240 $331,900
2024 $3,696 $372,440 $48,240 $324,200
2023 $2,799 $372,440 $48,240 $324,200
2022 $2,560 $285,800 $33,500 $252,300
2021 $2,364 $198,440 $14,740 $183,700
2020 $1,988 $160,630 $12,730 $147,900
2019 $1,782 $148,820 $10,720 $138,100
2018 $1,880 $134,920 $10,720 $124,200
2017 $1,673 $122,220 $10,720 $111,500
2016 $1,602 $114,520 $10,720 $103,800
2015 $1,605 $112,220 $10,720 $101,500
2014 -- $114,000 $12,000 $102,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Devin Mecham

    Seller's Agent in 2022

    Devin Mecham

    NAI Black

    (509) 724-9555

    1 in this area

    17 Total Sales

    Devin Mecham
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202210274

Spokane Association of REALTORS®

APN: 36321.2129

Washington Spokane County Spokane 99208 Nevada Lidgerwood

5724 N Nevada St, Spokane, WA

Not Listed for Sale

MultiFamily

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® Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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