HUGE Opportunity for a Owner-Occupant to Significantly Offset Mortgage Payment or Great Rental Income Property w/ADU (remodeled in July 2021) ADU Leased @ $1,200/month since 2021. Freshly updated main home offers a fairly open floor plan in a convenient, central location that’s close to everything. Property has been a tremendous asset for the current owners, who purchased it as an investment and are only selling now to free up funds for another investment. This home also presents a great opportunity for owner-occupants to significantly reduce their mortgage payment via the studio (ADU) that reliably brings in $1,200/month. ADU tenant currently has no plans to vacate, but has offered $1,700/month to lease main home. Seller is keeping main home vacant for potential owner-occupant purchasers as well as investors. Sellers have never had an issue procuring tenants, and the main home was only recently vacated. Either way you slice it, this is a fantastic deal!
Closed
$305,000
2523 E 1st Ave, Spokane, WA 99202
3beds
--baths
2,010sqft
Single Family Residence
Built in 1928
6,969.6 Square Feet Lot
$323,800 Zestimate®
$152/sqft
$1,993 Estimated rent
Home value
$323,800
$308,000 - $340,000
$1,993/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mike Apele 509-230-3560,
Professional Realty Services
Source: SMLS as distributed by MLS GRID,MLS#: 202411077
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
First floor
- Level: First
- Area: 1016 Square Feet
Other
- Level: Second
- Area: 630 Square Feet
Heating
- Electric, Ductless
Appliances
- Included: Free-Standing Range, Gas Range, Refrigerator, Microwave
Features
- In-Law Floorplan
- Flooring: Wood
- Windows: Windows Vinyl
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,010
- Total interior livable area: 2,010 sqft
Property
Parking
- Parking features: None
Features
- Levels: One and One Half
- Stories: 2
Lot
- Size: 6,969 sqft
- Features: Level
Details
- Parcel number: 35211.0507
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Cedar
- Roof: Composition
Condition
- New construction: No
- Year built: 1928
Community & neighborhood
Location
- Region: Spokane
- Subdivision: East-Liberty Park
Other
Other facts
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2024 | Pending sale | $299,978-1.6%$149/sqft |
Source:  SMLS as distributed by MLS GRID #202411077 Report a problem | ||
| 2/13/2024 | Sold | $305,000+1.7%$152/sqft |
Source: SMLS as distributed by MLS GRID #202411077 Report a problem | ||
| 1/25/2024 | Listed for sale | $299,978-15.5%$149/sqft |
Source: SMLS as distributed by MLS GRID #202411077 Report a problem | ||
| 9/15/2021 | Listing removed | -- |
Source: SMLS as distributed by MLS GRID #202119861 Report a problem | ||
| 8/20/2021 | Price change | $354,900-1.4%$177/sqft |
Source: SMLS as distributed by MLS GRID #202119861 Report a problem | ||
| 7/31/2021 | Listed for sale | $359,900+89.3%$179/sqft |
Source: SMLS as distributed by MLS GRID #202119844 Report a problem | ||
| 7/2/2020 | Sold | $190,100-1%$95/sqft |
Source: SMLS as distributed by MLS GRID #202016149 Report a problem | ||
| 6/17/2020 | Pending sale | $192,000$96/sqft |
Source: Keller Williams Realty Spokane #202016151 Report a problem | ||
| 6/17/2020 | Price change | $192,000+13%$96/sqft |
Source: Keller Williams Realty Spokane #202016151 Report a problem | ||
| 5/27/2020 | Listed for sale | $169,900+30.8%$85/sqft |
Source: Keller Williams Spokane - Main #202016151 Report a problem | ||
| 9/21/2017 | Listing removed | $129,900$65/sqft |
Source: Spokane #201723103 Report a problem | ||
| 8/17/2017 | Listed for sale | $129,900+23.7%$65/sqft |
Source: Keller Williams Spokane - Main #201723097 Report a problem | ||
| 5/2/2017 | Listing removed | $105,000$52/sqft |
Source: Spokane #201616825 Report a problem | ||
| 4/26/2017 | Listed for sale | $105,000$52/sqft |
Source: Spokane #201616825 Report a problem | ||
| 11/29/2016 | Listing removed | $105,000$52/sqft |
Source: Keller Williams - Spokane #201616825 Report a problem | ||
| 9/22/2016 | Price change | $105,000-4.5%$52/sqft |
Source: Keller Williams - Spokane #201616825 Report a problem | ||
| 7/26/2016 | Price change | $109,900+2.8%$55/sqft |
Source: Keller Williams - Spokane #201616825 Report a problem | ||
| 4/27/2016 | Listed for sale | $106,900$53/sqft |
Source: Keller Williams Spokane - Main #201616825 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,907 +13.7% | $292,600 +11.1% |
| 2023 | $2,555 +6.1% | $263,300 +7.2% |
| 2022 | $2,407 +29.8% | $245,680 +41.3% |
| 2021 | $1,855 +9.3% | $173,900 +27% |
| 2020 | $1,697 +25.3% | $136,980 +21.2% |
| 2019 | $1,355 | $113,000 +52.6% |
| 2018 | $1,355 +30.9% | $74,050 |
| 2017 | $1,035 +1.8% | $74,050 +3.3% |
| 2016 | $1,016 -1.5% | $71,650 -0.4% |
| 2015 | $1,031 | $71,950 |
| 2014 | $1,031 | $71,950 |
| 2013 | $1,031 -3.1% | -- |
| 2011 | $1,064 +22.4% | -- |
| 2010 | $869 | -- |
Find assessor info on the county website
Neighborhood: East Central
Nearby schools
GreatSchools rating
- 4/10Sheridan Elementary SchoolGrades: PK-6Distance: 0.8 mi
- 6/10Chase Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Ferris High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Sheridan
- Middle: Chase
- High: Ferris
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$323,800
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- Washington
- Spokane County
- Spokane
- 99202
- East Central
- 2523 E 1st Ave
Nearby cities
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