NOT LISTED FOR SALE

Estimated Value: $235,000 - $393,000

4 Beds
2 Baths
1,276 Sq Ft
$246/Sq Ft Est. Value

Last Sold February 27, 2018

Last sale price $125,000 $98 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,953/month

47 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • 1-Story Property
  • 1 Car Detached Garage

About This Home

As of February 2018

Income generating property! Are you looking for your next investment property? Well look no further. This duplex is already fully rented, and is producing income at below market rent. It's very rare that we see duplexes go up for sale in the Shadle area, so don't miss your chance to take a look at this one. Both of the units in the duplex are 2 bed and 1 bath. The property also has a newer roof. Very convenient location, close to Shadle Park H.S, shopping & great walk-ability make it very desirable.

Last Agent to Sell the Property

Alex Ganea

Engel & Volkers Western Frontier License #24586 Listed on: 01/11/2018

Engel & Volkers Western Frontier

Co-Listed By

Ben Baker

Engel & Volkers Western Frontier License #128623

Last Buyer's Agent

Billy Deese

Deese Real Estate License #27657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,507

Year Built

  • Built in 1951

Lot Details

  • 6,521 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • 1 Carport Space

Interior Spaces

  • 1-Story Property
  • City Views
  • Free-Standing Range

Laundry

  • Dryer
  • Washer

Schools

  • Shadle Park High School

Utilities

  • Forced Air Heating System
  • Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 26352.1015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,507

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1951
  • Property Sub-Type: Rental
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • View Type:Pond View: City
  • Co List Office Mls Id: SAR1352
  • Co List Office Phone: 509-232-3021
  • Co List Office Phone: 509-232-3021
  • MLS Status: Sold
  • Architectural Style: Rancher
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Free-Standing Range, Refrigerator, Washer, Dryer
  • Basement YN: No
  • Stories: 1

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Fiber Cement

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Carport
  • Total Parking Spaces: 759

Utilities

  • Heating: Gas Hot Air Furnace, Forced Air

Schools

  • High School: Shadle Park

Lot Info

  • Parcel Number: 26352.1015
  • Lot Size Sq Ft: 6521

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1507
  • Tax Database ID: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2018
Sold by
Siemens Robin
Bought by
Siemens Robin and Siemens Ginger
Total Days on Market
47
Current Estimated Value
$314,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,500
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2018
Closed on
Feb 20, 2018
Sold by
Siemens Ginger Lee
Bought by
Siemens Robin
Seller's Agent
Alex Ganea
Engel & Volkers Western Frontier
Buyer's Agent
Billy Deese
Deese Real Estate
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.55%
Original Mortgage
$1,450,000
Outstanding Balance
$1,244,809
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$930,371

Purchase Details

Listed on
Jan 11, 2018
Closed on
Feb 16, 2018
Sold by
High Way Home Buyers Llc
Bought by
Siemens Robin
Seller's Agent
Alex Ganea
Engel & Volkers Western Frontier
Buyer's Agent
Billy Deese
Deese Real Estate
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$1,244,809
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$930,371

Purchase Details

Closed on
Dec 18, 2017
Sold by
Whyatt Rentals
Bought by
High Way Home Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$1,244,809
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$930,371

Purchase Details

Closed on
Jun 16, 2009
Sold by
Whyatt Floyd R and Whyatt Hazel E
Bought by
Whyatt Rentals Llc
Source: Public Records

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Range of Values:

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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
Siemens Robin -- First American Title Ins Co
Siemens Robin -- First American Title Ins Co
Siemens Robin $125,000 First American Title Ins Co
High Way Home Buyers Llc $46,535 None Available
Whyatt Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siemens Robin $135,000
Closed Siemens Robin $138,500
Open Siemens Robin $1,450,000
Previous Owner High Way Home Buyers Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2018 02/27/18 Sold $125,000 -16.6% $98 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $149,900 -- $117 / 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
2024 $2,310 $232,300 $60,000 $172,300
2023 $2,255 $247,000 $55,000 $192,000
2022 $2,079 $230,100 $50,000 $180,100
2021 $1,739 $145,700 $32,000 $113,700
2020 $1,612 $130,100 $30,000 $100,100
2019 $1,464 $122,200 $27,500 $94,700
2018 $1,785 $128,100 $27,500 $100,600
2017 $1,514 $110,600 $27,500 $83,100
2016 $1,423 $101,700 $27,500 $74,200
2015 $1,416 $99,000 $27,500 $71,500
2014 -- $96,300 $27,500 $68,800
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 201810569

Spokane Association of REALTORS®

APN: 26352.1015