3 months on rocket

Sale Pending

2523 E 1st Ave, Spokane, WA, 99202

$299,978

Home List Price

$3,562*

Closing Credit

3 Bedrooms
2 Baths
2,010 SqFt
$149/SqFt
House
Schools Nearby

Location

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2523 E 1st Ave, Spokane$299,978

Buyer Closing Credits

$3,562*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingNone
Year Built1928
HeatingElectric, Ductless
BasementYes
MLS #202411077
Lot Size0.16 Acres
StatusSale Pending
(Pending-Inspection)

About 2523 E 1st Ave

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Rancher
  • Year Built: 1928
  • Stories: 2
  • Living Area: 2,010 SqFt

Listing Office:

  • Office Name: Professional Realty Services
  • Office Phone: (888) 302-5550
  • Listing Agent: Mike Apele

Interior Features

Interior Information:

  • Appliances: Range, Gas Range, Refrigerator, Microwave
  • Basement: Yes
  • Flooring Type: Wood, Vinyl
  • Interior: Wood Floor, Vinyl, In-Law Floorplan

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Electric, Ductless

Other

Directions Information:

  • Directions: Head EAST on E Sprague Ave, Take a RIGHT heading SOUTH on S Smith St, Take a RIGHT on E 1st Ave heading WEST, home is on the RIGHT (NORTH) side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,978
  • Price Per SqFt: $149/SqFt

Tax Information:

  • Annual Amount: $1,855
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Spokane, WA.

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Spokane, WA

City

Med. Sold Price

$392.5K

Med. Price/SqFt

$201

Avg. Days On Market

24

# of Sold Homes

232

2523 E 1st Ave vs Spokane

90 DAYS ON ROCKET

+66 Days

$299,978

-$92.6K Less

$149/SqFt

-$53 Less

KEY TAKEAWAY

This property is $92.6K less than the Median Sold Price and $53/SqFt less than other homes in Spokane, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SARMLS
  • MLS Number: #202411077

Listing Office:

  • Office Name: Professional Realty Services
  • Office Phone: (888) 302-5550
  • Listing Agent: Mike Apele

IDX Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2024, 2:55:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 28, 2020Home Sold
$190,100

Tax History

YEARPROP. TAXASSESSMENT
2021$1,855$155,490
2020$1,697$136,980
2018$1,354$74,050
2017$1,035$74,050

History based on county public records data.

Payment Calculator

$1,565

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-230006
4
/10

  • Sheridan Elementary School

  • 3737 E 5th Ave

  • 0.85 miles

  • Public District Grades PK-6

school-card-donut-230007
3
/10

  • Grant Elementary School

  • 1300 E 9th Ave

  • 1.09 miles

  • Public District Grades KG-6

school-card-donut-230008
7
/10

  • Franklin Elementary School

  • 2627 E 17th Ave

  • 1.12 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,906. Most Spokane, WA residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2523 E 1st Ave

What is the listing price of this property?

The listing price of 2523 E 1st Ave property is $299,978.

What type of property is this?

The property 2523 E 1st Ave is a house located in Spokane, Washington, 99202.

Is this property for sale now?

Sale Pending: 2523 E 1st Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,855 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 28, 2020 for $190,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2523 E 1st Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2523 E 1st Ave is 2,010 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2523 E 1st Ave is 1928.

Rocket Homes›Washington›Spokane County›Spokane›99202›2523 E 1st Ave

This home is located at 2523 E 1st Ave in Spokane, WA and zip code 99202 in the East Central neighborhood. This 2,010 square foot home, which was built in 1928, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 25, 2024 and is currently priced at $299,978.

Spokane, WA housing market in March 2024 saw over 86 listings sold above listed price, more than 66 sold at listed price and over 80 sold below. The inventory of homes for sale in Spokane, WA between February 2024 and March 2024 increased by 16.4%. In March 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $392,597.

From Rocket Homes Real Estate and based on county public records data.

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