NOT LISTED FOR SALE

Estimated Value: $405,118 - $557,000

8 Beds
2 Baths
-- Sq Ft
5,097 Sq Ft Lot

Last Sold March 16, 2022

Last sale price $437,500

Est. 5% increase in value since last sale

Current estimated payment $2,863/month

3 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Eat-In Kitchen
  • Level Lot
  • Wood Burning Fireplace

About This Home

As of March 2022

Come check out this well maintained duplex in Spokane. This duplex features a life-time steel roof, brick and wood exterior for low maintenance, covered carport, newer vinyl E windows, large bedrooms, updated flooring, new paint, newer sewer line, strong long term tenants, plus manageable landscaping. Each unit has 4 bedrooms and one bath, but each unit has room for a second bathroom! This duplex can be owner occupied or can bring in great investment income! Close to Gonzaga University and close to downtown, this duplex brings in great rent! Come see this duplex now! 623/625 E Gordon and 627/629 E Gordon (neighboring duplexes) can be sold as a package together at $850,000. See MLS listing #202211080 for more details. Pictures used for this listing are pictures from 623/625 E Gordon Ave to show the layout.

Last Agent to Sell the Property

Kris Zarek

Realty One Group Eclipse License #135095 Listed on: 02/07/2022

Realty One Group Eclipse

Last Buyer's Agent

Lee Ann Simon

R.H. Cooke & Associates License #103945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,023

Year Built

  • Built in 1968

Lot Details

  • Level Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • Wood Burning Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range

Parking

  • 4 Carport Spaces
  • Alley Access

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35054.1322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,023

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Easement, Paved
  • Class: Rental Income
  • Excluded Items: Washer and Dryer
  • Year Built: 1968
  • Style Of Construction: 1 Story
  • Lvt Date: 02/07/2022
  • Common Interest Community: No
  • Geo Address Line: 627 E Gordon Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 2/7/2022 6:36:11 PM
  • Geo Zoom Level: 15
  • Year Renovated: 2022
  • Allow Public Comments: Yes
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Full, Finished
  • Basement: Yes
  • Special Features: Wood Flr
  • Design: Rancher
  • Dining Room: Kit Eat Sp
  • Family/Recreation Room: 1st Flr
  • Features: 200 AMP
  • Fireplace: Wood
  • Kitchen Appliances: Fr Stnd Rng, Refrig
  • Primary Bedroom: 1st Flr
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: Brick, Wood
  • Roof: Comp

Garage/Parking

  • Carport Size: 4+
  • Garage Parking: Carport, Alley Access
  • Garage Size: 0
  • Number Carports: 2

Utilities

  • Heating/Cooling: Gas, Forced Air
  • Power Company: Avista
  • Water Company: City

Condo/Co-op/Association

  • Amenities: Cable TV, Gas Hot Wtr

Schools

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

Lot Info

  • Lot Information: Level
  • Parcel Number: 35054.1322
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Multi Family

  • Number Of Units: 2
  • Number Units A: 627
  • Number Units B: 629

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 14, 2022
Sold by
Hastings Jonathan G and Hastings Loretta M
Bought by
Cohen Joel and Cohen Sandi
Seller's Agent
Kris Zarek
Realty One Group Eclipse
Buyer's Agent
Lee Ann Simon
R.H. Cooke & Associates
List Price
$425,000
Sold Price
$437,500
Premium/Discount to List
$12,500
2.94%
Current Estimated Value
$459,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,530
Avg. Annual Appreciation
1.36%
Original Mortgage
$318,750
Outstanding Balance
$297,579
Interest Rate
3.85%
Mortgage Type
Balloon
Estimated Equity
$161,451

Purchase Details

Closed on
May 29, 2013
Sold by
Mckervey Properties Llc
Bought by
Hastings Jonathan G and Hastings Loretta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,965
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2010
Sold by
Mckervey Joseph H
Bought by
Mckervey Properties Llc
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
Cohen Joel $437,500 Gustafson Law Inc Ps
Hastings Jonathan G $100,230 Stewart Title Of Spokane
Mckervey Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Joel $318,750
Previous Owner Hastings Jonathan G $69,965
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2022 03/16/22 Sold $437,500 +2.9% --
02/10/2022 02/10/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $425,000 -- --
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 $5,023 $436,200 $90,000 $346,200
2024 $5,023 $506,500 $70,000 $436,500
2023 $4,220 $431,600 $65,000 $366,600
2022 $2,491 $431,600 $65,000 $366,600
2021 $2,212 $185,600 $35,000 $150,600
2020 $2,151 $173,900 $29,000 $144,900
2019 $1,728 $144,300 $23,500 $120,800
2018 $1,920 $137,800 $20,000 $117,800
2017 $1,762 $128,800 $20,000 $108,800
2016 $1,749 $125,100 $20,000 $105,100
2015 $1,674 $117,100 $20,000 $97,100
2014 -- $120,600 $20,000 $100,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202211078

Spokane Association of REALTORS®

APN: 35054.1322