$256,000
SOLD NOV 5, 2021
4 Beds
2 Baths
-- Sq Ft
0.97 Acres

Recently Sold

2% Above List Price

13 Days on Market

Highlights

  • RV Access or Parking
  • Secluded Lot
  • Ranch Style House
  • 0.97 Acre Lot
  • Territorial View
  • 1 Car Attached Garage

About This Home

As of June 2023

Older and basic duplex with 2 bedrooms, 1 bath each side. Tenants love the room, space for plenty of cars, pets, and toys, and location between Cheney (EWU) and Spokane, with easy access to the airport, 1.2 miles to Scribner trailhead for Fish Lake trail and 4.1 miles to Fish Lake beach. Always rented. Almost 1 acre lot abutting Marshall Creek. Substantial work has been done including exterior painting, some new windows, some interior work and painting, new septic, and new well. Long term tenant on left side currently paying $520, and has just signed a 1 yr renewal at $575 for Oct 1-Sept 2022. There is income potential from the well (see seller's disclosures). Right side is vacant. Information is deemed accurate but buyer is to verify all info.

Last Agent to Sell the Property

Deepak Malhotra

Cheney Realty, Inc. License #49942 Listed on: 08/28/2021

Last Buyer's Agent

Jarrod John

4 Degrees Real Estate License #112330

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,058

Year Built

  • Built in 1942

Lot Details

  • 0.97 Acre Lot
  • Home fronts a stream
  • Back and Front Yard Fenced
  • Secluded Lot
  • Level Lot
  • Irregular Lot

Home Design

  • Duplex
  • Ranch Style House
  • Metal Roof
  • Wood Siding

Parking

  • 1 Car Attached Garage
  • Carport
  • RV Access or Parking

Utilities

  • Cooling Available
  • Baseboard Heating
  • Shared Well
  • Well
  • Septic System

Additional Features

  • Territorial Views
  • Free-Standing Range

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 24153.9095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,058

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Easement, Gravel, Pvt Rd
  • Class: Rental Income
  • Excluded Items: Tenant property
  • Year Built: 1942
  • Zone: RCV
  • Style Of Construction: Duplex Side-Side
  • Lvt Date: 08/29/2021
  • Common Interest Community: No
  • Geo Quality: 1
  • Geo Update Timestamp: 8/30/2021 1:22:32 AM
  • Geo Zoom Level: 17
  • Year Renovated: 2011
  • Allow Public Comments: No
  • Property Sub Type: MultiFamily

Interior Features

  • Special Features: Mn Flr Util
  • Design: Rancher
  • Kitchen Appliances: Fr Stnd Rng, Refrig
  • Primary Bedroom: 1st Flr
  • Number of Ranges: 2
  • Number of Refrigerators: 2

Exterior Features

  • Exterior: Wood
  • Roof: Metal
  • Waterfront Property: Stream

Garage/Parking

  • Garage Parking: Attached, Carport, RV Parking
  • Garage Size: 1

Utilities

  • Heating/Cooling: Elec, Basebd
  • Power Company: Avista
  • Water Company: Private

Schools

  • School District: Cheney
  • School District: Cheney

Lot Info

  • Acres Mol: 0.97
  • Estimated Lot Sq Ft: 42121
  • Loc Dir E W: W
  • Loc Dir N S: S
  • Loc Numberblk E W: 52
  • Lot Information: Fncd Frt Yd, Fncd Bk Yd, Level, Secluded, Irreg, Surveyed
  • Lot View: Territorial
  • Parcel Number: 24153.9095
  • Site Improvements: Septic Sys, Well Installed, Shared Well
  • Loc Numberblk N S: 93

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 24153.9095

Multi Family

  • Number Of Units: 2
  • Number Units A: 1
  • Number Units B: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Oct 1, 2021
Sold by
O Morchoe Llc
Bought by
Hornbaker Hannah V
Seller's Agent
Deepak Malhotra
Cheney Realty, Inc.
Buyer's Agent
Jarrod John
4 Degrees Real Estate
List Price
$249,900
Sold Price
$256,000
Premium/Discount to List
$6,100
2.44%
Current Estimated Value
$342,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,832
Avg. Annual Appreciation
8.28%
Original Mortgage
$251,363
Outstanding Balance
$230,467
Interest Rate
2.88%
Mortgage Type
FHA
Estimated Equity
$117,519

Purchase Details

Closed on
Jul 31, 2015
Sold by
Dittrich Wallace A and Dittrich Angela M
Bought by
O Morchoe Llc

Purchase Details

Closed on
Jul 21, 2015
Sold by
Sutor Molly P
Bought by
O Morchoe Llc

Purchase Details

Closed on
Jul 13, 2015
Sold by
Mcdonell John T and Mcdonell Richard R
Bought by
O Morchoe Llc

Purchase Details

Closed on
Nov 23, 2011
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Omorchoe Llc

Purchase Details

Closed on
Feb 2, 2011
Sold by
Evans William V
Bought by
The Bank Of New York Mellon Trust Compan and The Bank Of New York

Purchase Details

Closed on
Aug 22, 2005
Sold by
Evans William V Bill
Bought by
Evans Consulting Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 11, 2005
Sold by
Evans Consulting Inc
Bought by
Evans William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $256,000 First American Title Ins Co
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Special Warranty Deed $40,380 First American Title Ins Co
Trustee Deed $68,250 Spokane County Title Co
Quit Claim Deed -- Pacific Nw Title
Quit Claim Deed -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $251,363 FHA
Previous Owner $60,250 Credit Line Revolving
Previous Owner $100,000 Unknown
Previous Owner $106,250 Fannie Mae Freddie Mac
Previous Owner $125,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $345,000 -1.4% $250 / Sq Ft
05/14/2023 05/14/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $349,900 +36.7% $254 / Sq Ft
11/05/2021 11/05/21 Sold $256,000 +2.4% --
09/10/2021 09/10/21 Pending -- -- --
08/28/2021 08/28/21 For Sale $249,900 -- --
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 $3,058 $315,400 $90,000 $225,400
2024 $3,058 $312,400 $70,000 $242,400
2023 $1,979 $235,300 $40,000 $195,300
2022 $1,979 $235,300 $40,000 $195,300
2021 $1,509 $134,700 $27,500 $107,200
2020 $1,582 $135,300 $30,000 $105,300
2019 $1,392 $125,500 $30,000 $95,500
2018 $1,324 $101,200 $20,000 $81,200
2017 $1,191 $101,200 $20,000 $81,200
2016 $1,192 $97,400 $20,000 $77,400
2015 $1,120 $88,800 $20,000 $68,800
2014 -- $85,400 $20,000 $65,400
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202121424

Spokane Association of REALTORS®

APN: 24153.9095