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$550,000
Joey Costello
Windermere North Spokane
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Make a winning offer with the help of a local expert
About This Home
Exceptional investment opportunity on this nearly one-acre parcel! The property's current zoning permits high-density development, capable of accommodating 28+ units, making it an excellent option for investors looking to tap into the increasing demand in the market. The existing 3-bedroom, 1-bathroom house, spanning 1,428 square feet, provides an immediate income-generating opportunity. You can rent out the house while you meticulously plan and develop your vision for this valuable parcel, offsetting your investment costs and enhancing your overall return on investment. The expansive acreage invites creative minds to explore a range of possibilities, whether it's apartments, multi-family units, condominiums, townhomes, or other high-density residential projects.
Sale Summary
Sold Price
$450,000
List Price
$550,000
Sale vs List
-18%
Close Date
Dec 11, 2023
Financing
Cash
Buyer's Agent
Megan Wiks
Property Details
Property Type
Single Family Residence
Year Built
1929
County
Spokane
Lot Size
0.94 acres
Living Area
1,428 sqft
Price / Sqft
$385
Garage
2-car
HOA
None
Schools
Elementary: Mead, Middle: Highland, High: Mead
Days to Sell
39 days
MLS #
SAR202323983
Parcel #
36173.1214
Annual Taxes
$3,133.81
Total Building Area
1,428 sqft
MLS Area
A331/058
MLS Class
Residential
Listing Terms
Conventional, Cash
Road Frontage
City Street
Street Direction
E
MLS Status
Sold
Listed On
Nov 1, 2023
Went Pending
Dec 6, 2023
Status Changed
Dec 11, 2023
Last MLS Update
Dec 12, 2023
MLS Branch
1069
School Information
Elementary
Mead
Middle School
Highland
High School
Mead
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Views
Parking
Lot Features
Other Structures
Listed By
Courtney Hansen
eXp Realty, LLC Branch
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$2,979/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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