711 E Lake St Medical Lake, WA 99022
Estimated payment $1,873/month
Highlights
- Corner Lot
- 2 Car Detached Garage
- 1-Story Property
- Separate Outdoor Workshop
- Oversized Parking
- Forced Air Heating System
About This Home
Attention Investors: This is your opportunity to get into a massive potential investment at a very reasonable price in a small city with future growth heading its way! Several directions possible with this purchase as it is located in a great neighborhood just blocks from town center. Currently has 3 buildings on a large corner. Property is kitty corner from the school and across from 2 churches. 1 building is a single-family home, 1 was previously a business that is ready to be converted back to a single-family home and 1 is a large shop. Was previously 2 parcels and can be put back to 2 separate parcels w/lot segregation. Currently zoned R1,but may be opportunity for the right commercial or change of designation with approval by city. Level lot would be ideal for new built of large home as well. Major potential to think outside of the box to maximize ROI on this one!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,917
Year Built
- Built in 1939
Lot Details
- 0.3 Acre Lot
- Corner Lot
- Oversized Lot
- Level Lot
Parking
- 2 Car Detached Garage
- Oversized Parking
- Workshop in Garage
- Off-Site Parking
Interior Spaces
- 1,980 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Separate Outdoor Workshop
- Forced Air Heating System
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 14181.2303
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,917 | $223,080 | $52,580 | $170,500 |
| 2024 | $1,917 | $204,880 | $52,580 | $152,300 |
| 2023 | $1,601 | $204,180 | $52,580 | $151,600 |
| 2022 | $1,874 | $189,820 | $42,720 | $147,100 |
| 2021 | $1,974 | $181,330 | $39,430 | $141,900 |
| 2020 | $2,032 | $194,000 | $40,000 | $154,000 |
| 2019 | $1,620 | $155,030 | $39,430 | $115,600 |
| 2018 | $1,357 | $119,730 | $39,430 | $80,300 |
| 2017 | $1,259 | $114,230 | $39,430 | $74,800 |
| 2016 | $1,231 | $107,230 | $39,430 | $67,800 |
| 2015 | $1,271 | $107,130 | $39,430 | $67,700 |
| 2014 | -- | $112,330 | $39,430 | $72,900 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | For Sale | $325,000 | -- | $164 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $313 | First American Title Insurance | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $160,313 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $175,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Bargain Sale Deed | $39,900 | Transnation Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $270,000 | Purchase Money Mortgage | |
| Previous Owner | $165,000 | Purchase Money Mortgage |
Source: Spokane Association of REALTORS®
MLS Number: 202524217
APN: 14181.2303
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