NOT LISTED FOR SALE

Estimated Value: $409,796 - $671,000

12 Beds
4 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $620,000

Est. 20% decrease in value since last sale

Current estimated payment $2,939/month

3 Days on Market

Highlights

  • Territorial View
  • Cooling Available
  • Baseboard Heating
  • Ranch Style House

About This Home

As of December 2021

Incredible investment opportunity! These 2 duplexes are side-by-side, fully occupied and all tenants are up to date on rents. No missed rent payments during pandemic or moratorium! Each unit features 3 bedrooms, 1 bathroom, laundry, and a full basement with room to add another bedroom and bathroom if desired. 1632 sq ft. on each side of the duplex. Carports and off-street parking are available. Each unit is separately metered. There is room for rental increases. Centrally located, close to Holy Family, bus routes, shopping, dining, other amenities. These homes must be sold together and units will be shown with acceptance of offer, proof of funds and earnest money deposit. Please do not disturb the tenants.

Last Agent to Sell the Property

Aaron Farr

REAL Broker LLC License #22007554 Listed on: 11/18/2021

REAL Broker LLC

Last Buyer's Agent

Sarah Knight

Windermere Manito, LLC License #128133

Windermere Manito, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,769

Year Built

  • Built in 1977

Lot Details

  • 7,492

Parking

  • 4 Carport Spaces

Home Design

  • Ranch Style House
  • Composition Roof
  • T111 Siding
  • Stone Exterior Construction

Kitchen

  • Free-Standing Range
  • Dishwasher

Utilities

  • Cooling Available
  • Baseboard Heating

Additional Features

  • Territorial Views
  • Basement Fills Entire Space Under The House

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 36322.0121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,769

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1977
  • Style Of Construction: 1 Story
  • Lvt Date: 11/18/2021
  • Common Interest Community: No
  • Geo Address Line: 6118 N Wiscomb St
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 11/18/2021 9:16:34 PM
  • Geo Zoom Level: 15
  • Allow Public Comments: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Full
  • Design: Rancher
  • Family/Recreation Room: 1st Flr
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig
  • Estimated Unit D Sq Ft: 1632

Exterior Features

  • Exterior: Stone, T-111
  • Roof: Comp

Garage/Parking

  • Carport Size: 4+
  • Garage Parking: Carport
  • Garage Size: 0

Utilities

  • Heating/Cooling: Elec, Basebd

Schools

  • School District: Spokane Dist 81
  • School District: Spokane Dist 81

Lot Info

  • Lot Information: Bus Rt
  • Lot View: Territorial
  • Parcel Number: 36322.0121
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Additional Assessor Parcel Numbers: 36322.0122
  • Multiple Parcels: Yes

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2022
Sold by
Shield Investment Group
Bought by
Star Estates Llc
Current Estimated Value
$495,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$806,461
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
-$311,262

Purchase Details

Listed on
Nov 18, 2021
Closed on
Dec 29, 2021
Sold by
Maiani Marino J and Maiani Emily E
Bought by
Shield Investment Group
Seller's Agent
Aaron Farr
REAL Broker LLC
Buyer's Agent
Sarah Knight
Windermere Manito, LLC
List Price
$660,000
Sold Price
$620,000
Premium/Discount to List
-$40,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.80%

Purchase Details

Closed on
Dec 5, 2018
Sold by
Ferraro Orlando and Ferraro Linda K
Bought by
Maiani Marino J and Maiani Emily E

Purchase Details

Closed on
Oct 26, 2000
Sold by
Tappin Marilyn
Bought by
Ferraro Orlando and Ferraro Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,257
Interest Rate
7.89%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Star Estates Llc -- New Title Company Name
Shield Investment Group $620,000 Wfg Natl Ttl Co Of Eastern W
Maiani Marino J $129,000 Wfg National Title Co
Ferraro Orlando $90,250 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Star Estates Llc $850,000
Previous Owner Ferraro Orlando $89,257
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $620,000 -6.1% --
11/21/2021 11/21/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $660,000 -- --
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 $3,769 $407,900 $68,000 $339,900
2024 $3,769 $379,800 $60,000 $319,800
2023 $3,273 $374,800 $55,000 $319,800
2022 $2,658 $334,500 $55,000 $279,500
2021 $2,505 $210,300 $30,000 $180,300
2020 $2,235 $180,700 $30,000 $150,700
2019 $1,839 $153,600 $22,000 $131,600
2018 $2,167 $155,600 $40,000 $115,600
2017 $2,055 $150,300 $40,000 $110,300
2016 $2,091 $149,600 $40,000 $109,600
2015 $2,090 $146,300 $40,000 $106,300
2014 -- $129,900 $40,000 $89,900
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202125219

Spokane Association of REALTORS®

APN: 36322.0121