Seller's Agent in 2021
Erik Dordal
Windermere City Group
(509) 939-7647
5 in this area
321 Total Sales
7314 E 7th Ave Spokane Valley, WA 99212
Dishman Hills NeighborhoodEstimated Value: $584,000 - $595,000
8
Beds
4
Baths
2,984
Sq Ft
$198/Sq Ft
Est. Value
Highlights
- Wood Frame Window
- Level Lot
- 1-Story Property
- Forced Air Heating System
- Community Storage Space
- 5-minute walk to Edgecliff Park
About This Home
As of April 20214-units in two separate side-by-side duplex buildings on 1 lot right next to Edgecliff Park in Spokane Valley. Huge upside potential with rents way below market rates! All units are 2 bed / 1 bath with their own washer/dryer and a comfortable layout. Two residences have a bonus 3rd room which could be used as office space, additional family room or possibly extra bedroom. Ample off street parking & individual storage units. Pleasant setting with a courtyard between the buildings, located on a dead-end street directly adjacent to a quiet park and some newer constructed duplexes & single family homes. Could use a little TLC but reflected in the price. Even as is, gross rents at market rates for the four units should easily be $3200 to $3600, and closer to $5000 a month if renovated! Sewer is in and fully paid for! Super low price per unit that’s tough to beat in this market!
Last Agent to Sell the Property
Windermere City Group License #91026 Listed on: 04/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,742
Year Built
- Built in 1942
Lot Details
- 15,240 Sq Ft Lot
- Level Lot
Parking
- Off-Site Parking
Home Design
- Hardboard
Interior Spaces
- 2,984 Sq Ft Home
- 1-Story Property
- Wood Frame Window
- Free-Standing Range
Schools
- Chase Middle School
- Ferris High School
Utilities
- Forced Air Heating System
- Furnace
Community Details
- 4 Units
- Community Storage Space
Listing and Financial Details
- Assessor Parcel Number 35241.4001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2021
Closed on
Apr 19, 2021
Sold by
Ju David and Ju Gloria
Bought by
Secured Investment High Yield Fund Ii Ll
Seller's Agent
Erik Dordal
Windermere City Group
Buyer's Agent
Lee Arnold
Keller Williams Spokane - Main
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,082
Avg. Annual Appreciation
3.66%
Purchase Details
Closed on
Sep 23, 2010
Sold by
Ju David
Bought by
Ju David and Ju Gloria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,472
Interest Rate
4.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 28, 2006
Sold by
Ju Gloria
Bought by
Ju David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,100
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 30, 2004
Sold by
Stephens Tracy J
Bought by
Spear Mark D and Spear Karen S
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Secured Investment High Yield Fund Ii Ll | -- | First American Title | |
| Secured Investment High Yield Fund Ii Ll | $495,000 | First American Title | |
| Ju David | -- | Spokane County Title Co | |
| Ju David | -- | Spokane County Title Co | |
| Ju David | $210,000 | Spokane County Title Co | |
| Spear Mark D | $89,546 | Spokane County Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ju David | $113,472 | |
| Previous Owner | Ju David | $116,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2021 04/23/21 | Sold | $495,000 | -1.0% | $166 / Sq Ft |
| 04/05/2021 04/05/21 | Pending | -- | -- | -- |
| 04/01/2021 04/01/21 | For Sale | $499,900 | -- | $168 / Sq Ft |
Source: Spokane Association of REALTORS®
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 | $5,972 | $568,800 | $125,000 | $443,800 |
| 2024 | $5,972 | $551,200 | $95,000 | $456,200 |
| 2023 | $5,016 | $536,200 | $80,000 | $456,200 |
| 2022 | $4,049 | $475,400 | $80,000 | $395,400 |
| 2021 | $3,842 | $297,530 | $37,130 | $260,400 |
| 2020 | $3,793 | $282,750 | $33,750 | $249,000 |
| 2019 | $2,642 | $203,150 | $33,750 | $169,400 |
| 2018 | $2,772 | $182,550 | $33,750 | $148,800 |
| 2017 | $2,874 | $192,750 | $33,750 | $159,000 |
| 2016 | $2,708 | $176,950 | $33,750 | $143,200 |
| 2015 | $2,754 | $176,950 | $33,750 | $143,200 |
| 2014 | -- | $173,150 | $33,750 | $139,400 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Erik Dordal
-
Lee Arnold
Buyer's Agent in 2021
Lee Arnold
Keller Williams Spokane - Main
(800) 341-9918
17 in this area
210 Total Sales
Map
Source: Spokane Association of REALTORS®
MLS Number: 202113400
APN: 35241.4001
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Based on information submitted to the MLS GRID
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