NOT LISTED FOR SALE

Estimated Value: $529,000 - $563,000

2 Beds
1 Bath
1,664 Sq Ft
$328/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $556,000 $334 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,165/month

1 Day on Market

Highlights

  • Barn
  • Property is near public transit
  • Oversized Lot
  • 1.08 Acre Lot
  • No HOA
  • Shed

About This Home

As of April 2024

MULTI-FAMILY RESIDENTIAL PARCEL. Welcome to your opportunity to invest in prime real estate in Spokane Valley! This expansive 1.08-acre parcel offers endless possibilities, situated in a highly desirable location zoned for Multi-Family Residential (MFR). Boasting versatility, the property allows for multiple permitted uses, making it ideal for investors and developers alike. Imagine building a multi-family dwelling (22 units per acre); a community hall, club or lodge; a church; a daycare; a bed and breakfast; a professional office building; a park; a school or vocational center; assisted living or nursing home; leasing to a communications company for a repeater facility or telecom wireless support tower; or a self-service storage facility. Don’t miss this rare opportunity to shape the future of Spokane Valley’s residential landscape. Whether you’re looking to expand your investment portfolio or embark on a new development project, this parcel offers the perfect canvas for realizing your vision.

Last Agent to Sell the Property

Rich King

Keller Williams Spokane - Main License #128097 Listed on: 04/05/2024

Last Buyer's Agent

Aryn Presta

Avalon 24 Real Estate License #133811

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,960

Year Built

  • Built in 1908

Lot Details

  • 1.08 Acre Lot
  • Fenced
  • Oversized Lot
  • Level Lot
  • Property is zoned MFR

Schools

  • Chase Middle School
  • Ferris High School

Additional Features

  • Shed
  • Property is near public transit
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 35242.9033

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,960

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Year Built: 1908
  • Property Sub-Type: Residential
  • PropertyType: Residential
  • ResoLotFeatures: Level, City Bus (w/in 6 blks), Oversized Lot, Fencing
  • Lot Size Acres: 1.08
  • Road Frontage Type: City Street, Paved Road
  • Co List Office Phone: (509) 458-4000
  • MLS Status: Sold
  • New Construction: No
  • Reso Structure Type: See Remarks
  • Master Plan Zoning: MFR
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: See Remarks

Exterior Features

  • Roof: See Remarks
  • Construction Type: See Remarks
  • Other Structures: Barn(s), Shed(s), See Remarks

Garage/Parking

  • Parking Features: See Remarks

Utilities

  • Cooling: See Remarks
  • Heating: See Remarks

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Sheridan
  • High School: Ferris
  • Middle Or Junior School: Chase

Lot Info

  • Parcel Number: 35242.9033
  • Lot Size Sq Ft: 47045
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 3960.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 24, 2024
Sold by
Kariuki Enoch
Bought by
Ivy & Iris Real Estate Partners Wa Llc
Seller's Agent
Rich King
Keller Williams Spokane - Main
Buyer's Agent
Aryn Presta
Avalon 24 Real Estate
List Price
$555,800
Sold Price
$556,000
Premium/Discount to List
$200
0.04%
Views
22
Current Estimated Value
$545,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,766
Avg. Annual Appreciation
-1.14%

Purchase Details

Listed on
Apr 5, 2024
Closed on
Apr 19, 2024
Sold by
Cherry Grove Cottages Llc
Bought by
Kariuki Enoch K
Seller's Agent
Rich King
Keller Williams Spokane - Main
Buyer's Agent
Aryn Presta
Avalon 24 Real Estate
List Price
$555,800
Sold Price
$556,000
Premium/Discount to List
$200
0.04%
Views
22

Purchase Details

Listed on
Jun 24, 2022
Closed on
Jul 28, 2022
Sold by
Parks Patricia F
Bought by
Cherry Grove Cottages Llc
Seller's Agent
Tom Clark
Coldwell Banker Tomlinson
Buyer's Agent
Kristina Carlson
eXp Realty, LLC Branch
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.11%
Original Mortgage
$315,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2004
Sold by
Wallace Donald G
Bought by
Derosier Sharon J and Williams David L

Purchase Details

Closed on
Oct 20, 1965
Sold by
Watson James H and Watson Freda R
Bought by
Parks Donald V and Parks Patricia F
Source: Public Records
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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
Ivy & Iris Real Estate Partners Wa Llc $313 None Listed On Document
Kariuki Enoch K $556,000 Ticor Title
Cherry Grove Cottages Llc -- None Listed On Document
Derosier Sharon J -- --
Parks Donald V -- Spokane County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cherry Grove Cottages Llc $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2024 04/25/24 Sold $556,000 0.0% $334 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $555,800 +29.3% $334 / Sq Ft
08/05/2022 08/05/22 Sold $430,000 -4.4% $258 / Sq Ft View Prior Sale
07/06/2022 07/06/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $450,000 -- $270 / 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 $3,771 $331,620 $329,320 $2,300
2024 $3,771 $351,380 $188,180 $163,200
2023 $3,220 $375,680 $188,180 $187,500
2022 $291 $308,620 $121,120 $187,500
2021 $295 $220,400 $89,000 $131,400
2020 $295 $209,800 $89,000 $120,800
2019 $280 $166,900 $53,400 $113,500
2018 $320 $141,800 $35,600 $106,200
2017 $316 $141,800 $35,600 $106,200
2016 $219 $134,700 $35,600 $99,100
2015 $43 $132,200 $35,600 $96,600
2014 -- $130,500 $35,600 $94,900
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202413956

Spokane Association of REALTORS®

APN: 35242.9033