Possibilities Await at 501 E Elm St! This is your chance to own a versatile 2 bed 1 bath house & 20x46 shop in a prime, convenient location— Imagine the flexibility: live in the house and run your business from the shop, or turn the home into an Airbnb while you work just steps away—the potential is real! The home itself has had all the big-ticket items taken care of, including updated electrical, plumbing, roof, kitchen, and furnace. The basement is a clean slate, ready for you to add value and build equity. You'll also love the fully fenced front yard, perfect for privacy and security. Some Fresh paint, New low maintenance landscaping, Sprinkler system, and ALL appliances stay. The shop is fully equipped, featuring a heated office and Bathroom as well as loft space—ideal for extra storage or an after-hours retreat or a hobbyist dream shop! Don’t wait—your home and business space is waiting for you! Become your own boss at 501 E Elm St.
Closed
$339,000
501 E Elm St, Spokane, WA 99218
2beds
--baths
1,560sqft
Single Family Residence
Built in 1943
6,098.4 Square Feet Lot
$336,400 Zestimate®
$217/sqft
$1,656 Estimated rent
Home value
$336,400
$309,000 - $367,000
$1,656/mo
Zestimate® history
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$2,044/mo
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List your homeWhat's special
Loft spaceExtra storageHobbyist dream shopSprinkler systemHeated officeFully fenced front yardNew low maintenance landscaping
Zillow last checked:
Listing updated:
Listed by:
Luke Mischke 509-499-0218,
Coldwell Banker Tomlinson
Source: SMLS as distributed by MLS GRID,MLS#: 202513220
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
First floor
- Level: First
- Area: 780 Square Feet
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Free-Standing Range, Microwave, Washer, Dryer
- Laundry: In Basement
Features
- Hard Surface Counters
- Basement: Full,Unfinished,Workshop
- Has fireplace: No
Interior area
- Total structure area: 1,560
- Total interior livable area: 1,560 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Workshop in Garage, Oversized
- Garage spaces: 4
Features
- Levels: One
- Fencing: Fenced,Fenced Yard
Lot
- Size: 6,098 sqft
- Features: Sprinkler - Automatic, Near Public Transit
Details
- Additional structures: Workshop
- Parcel number: 36173.0529
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Cedar
- Roof: Composition
Condition
- New construction: No
- Year built: 1943
Community & neighborhood
Location
- Region: Spokane
- Subdivision: North Y
Other
Other facts
- Listing terms: FHA,VA Loan,Conventional,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2025 | Sold | $339,000$217/sqft |
Source:  SMLS as distributed by MLS GRID #202513220 Report a problem | ||
| 3/17/2025 | Pending sale | $339,000$217/sqft |
Source: SMLS as distributed by MLS GRID #202513220 Report a problem | ||
| 3/14/2025 | Listed for sale | $339,000+182.5%$217/sqft |
Source: SMLS as distributed by MLS GRID #202513220 Report a problem | ||
| 5/15/2017 | Sold | $120,000+21.1%$77/sqft |
Source: Public Record Report a problem | ||
| 6/26/2014 | Sold | $99,107+0.1%$64/sqft |
Source: Public Record Report a problem | ||
| 3/25/2014 | Listed for sale | $99,000+54.7%$63/sqft |
Source: Tomlinson - Spokane, WA #201325818 Report a problem | ||
| 7/19/1995 | Sold | $64,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,513 +13.8% | $243,400 +2.6% |
| 2023 | $2,207 +6.7% | $237,200 +7.5% |
| 2022 | $2,069 +17% | $220,600 +27.4% |
| 2021 | $1,768 +6.9% | $173,100 +28.5% |
| 2020 | $1,654 +14.8% | $134,700 +13.6% |
| 2019 | $1,441 | $118,600 +2.5% |
| 2018 | $1,441 -12.3% | $115,700 +6.3% |
| 2017 | $1,644 +6.7% | $108,800 -0.5% |
| 2016 | $1,540 -1.1% | $109,400 -0.2% |
| 2015 | $1,558 | $109,600 +10.3% |
| 2014 | $1,558 | $99,400 |
| 2013 | $1,558 +13.8% | -- |
| 2011 | $1,369 +3.2% | -- |
| 2010 | $1,326 | -- |
| 2009 | $1,326 -1% | -- |
| 2008 | $1,340 | -- |
| 2007 | $1,340 +28.9% | $105,900 |
| 2005 | $1,039 +1.8% | -- |
| 2004 | $1,021 +0.7% | -- |
| 2003 | $1,013 | -- |
| 2002 | $1,013 +1.4% | -- |
| 2001 | $999 -6.5% | $59,200 |
| 1999 | $1,068 | $59,200 |
Find assessor info on the county website
Neighborhood: Country Homes
Nearby schools
GreatSchools rating
- 5/10Evergreen Elementary SchoolGrades: K-5Distance: 1.1 mi
- 7/10Highland Middle SchoolGrades: 6-8Distance: 2.7 mi
- 8/10Mead Senior High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Evergreen
- Middle: Highland
- High: Mead
- District: Mead
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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