8919 N Cedar Rd Spokane, WA 99208
Five Mile Prairie NeighborhoodEstimated payment $3,634/month
Highlights
- 4.83 Acre Lot
- 2 Fireplaces
- 2 Car Attached Garage
- Prairie View Elementary School Rated A-
- Oversized Lot
- Bungalow
About This Home
Rare 4.8-acre Development Opportunity + an existing home! Owned by the same family since the 1950s, this prime 4.8-acre property is ready for its next chapter. Zoned R1 (allowing up to 10 units per acre) This offers incredible potential for developers, investors, or those seeking a private retreat. A 2-bedroom, 1-bath, 2,363 sq. ft. vintage bungalow (built in 1924) sits on the property, full of character and awaiting restoration. Live in it while planning your vision, renting it out, or starting fresh. The land is cleared, level, and primed for development, with city water and sewer easily accessible from the street. Nestled in a highly desirable neighborhood surrounded by upscale homes, this is a rare investment opportunity in a rapidly growing area. Conveniently located near shopping, dining, parks, and more, this is your chance to secure a versatile property with endless possibilities. Don’t miss out, call today for details! THIS IS AN ESTATE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,738
Year Built
- Built in 1924
Lot Details
- 4.83 Acre Lot
- Oversized Lot
- Level Lot
- Open Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Bungalow
- Brick Exterior Construction
Interior Spaces
- 1.5-Story Property
- 2 Fireplaces
- Wood Burning Fireplace
- Self Contained Fireplace Unit Or Insert
- Utility Room
- Partially Finished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Schools
- Highland Middle School
- Mead High School
Utilities
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 26241.0019
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 | $4,738 | $520,550 | $284,050 | $236,500 |
| 2024 | $4,738 | $485,180 | $243,580 | $241,600 |
| 2023 | $3,947 | $422,880 | $181,280 | $241,600 |
| 2022 | $3,908 | $440,020 | $157,620 | $282,400 |
| 2021 | $3,619 | $334,360 | $125,960 | $208,400 |
| 2020 | $3,544 | $308,960 | $125,960 | $183,000 |
| 2019 | $3,134 | $279,660 | $105,960 | $173,700 |
| 2018 | $3,478 | $265,060 | $105,960 | $159,100 |
| 2017 | $3,022 | $232,060 | $105,960 | $126,100 |
| 2016 | $3,201 | $236,790 | $119,590 | $117,200 |
| 2015 | $3,075 | $234,290 | $119,590 | $114,700 |
| 2014 | -- | $230,490 | $119,590 | $110,900 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | Price Changed | $599,000 | -7.8% | -- |
| 07/01/2025 07/01/25 | Price Changed | $650,000 | -10.3% | -- |
| 06/02/2025 06/02/25 | Price Changed | $725,000 | -3.3% | -- |
| 05/15/2025 05/15/25 | Price Changed | $750,000 | -11.8% | -- |
| 05/08/2025 05/08/25 | Price Changed | $850,000 | -10.5% | -- |
| 04/18/2025 04/18/25 | For Sale | $950,000 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Future Advance Clause Open End Mortgage | |
| Closed | $33,360 | Unknown |
Source: Spokane Association of REALTORS®
MLS Number: 202515323
APN: 26241.0019
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