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$899,000

2067 days
Unimproved Land
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Great Potential housing development opportunity in fast growing, desirable Medical Lake location! A total of 38.25-acres on the outermost edge of the city limits with a previous preliminary plat (not-recorded, available upon request) which produced 86 lots varying from 5,781 SqFt to 14,597 SqFt. Surrounded by nice homes on large acre parcels and directly across from Waterfront Park with lakefront views of Medical Lake and the beautiful walking trail that wraps around the lake. The city recently approved additional water meters, adding tremendous value to this opportunity. Many possibilities here; Pursue the plat for 86 lots? Split into 5-acre lots for higher-end homes? Construct a retirement community? Or...? Come see it today to explore the possibilities and realize YOUR vision for this phenomenal piece of property!

Sale Summary

Sold Price

$750,000

List Price

$899,000

Sale vs List

-17%

Close Date

Jun 4, 2021

Financing

Cash

Buyer's Agent

Bo Apele

Property Details

Property Type

Unimproved Land

County

Spokane

Lot Size

38.25 acres

Schools

Elementary: Medical Lake, Middle: Medical Lk, High: Medical Lk

Days to Sell

134 days

MLS #

SAR202110591

Parcel #

14192.0002

Annual Taxes

$1,228

MLS Area

A420/095

MLS Class

Lots & Land

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

MLS Status

Sold

Listed On

Jan 20, 2021

Went Pending

Jan 24, 2021

Status Changed

Jan 10, 2022

Last MLS Update

Nov 22, 2024

MLS Branch

449

School Information

Elementary

Medical Lake

Middle School

Medical Lk

High School

Medical Lk

Home Features & Details

Utilities

Sewer ConnectedPwr Av Prop L

Water Source

Public

Sewer

Public Sewer

Views

Water

Waterfront

Sec LotPond

Lot Features

ViewsTreedSecluded

Listed By

Bo Apele

Professional Realty Services

Estimated Monthly Payment

$4,870/mo

Estimated at 6.5% APR, 30-year fixed. For informational purposes only.

Property Highlights

Lot Size38.25 acres
StatusClosed

Location

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