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16120 East 16th Avenue

16120 East 16th Avenue, Veradale, WA 99037
Property in Spokane Valley
Sold Jun 22, 2021
$628,000
$463,000 by Envoy Mortgage Ltd
Mortgage Due Jul 01, 2051
Sold Mar 24, 2000
Transfer
$157,500 by Continental Svgs Bk
Mortgage Due Apr 01, 2030
16120 East 16th Avenue has been categorized by the local assessors in Veradale, WA as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 11 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 16120 East 16th Avenue has 2,761 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 721 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 24,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 762 sqft. According to our sources, there are a total of 3 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16120 East 16th Avenue sold most recently in Jun 18, 2021 for a total of $628,000. If you work out the math, that's approximately a cost of $169.55 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,219 in taxes each year. 16120 East 16th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $607,100. If we break it down further, the land itself was valued at $115,000. Improvements to the property, however, were assessed at a total of $492,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Hardboard Siding

Parking

Open Parking
Oversized Parking
RV Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 721
  • Garage Type: Attached
  • Garage Square Area: 762
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 24,000
  • Total Building Area: 3,704
  • Gross Building Area: 3,704
  • Building Area: 2,761
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,761
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIDGEMONT ESTATES NORTH 8TH ADD
  • Land Acres: 0.551
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: RIDGEMONT ESTATES NORTH 8TH ADDITION LT 6 BLK 3

Ownership

  • Current Owner : COCHRANE MARIE C
  • Current Owner 2: COCHRANE MICHAEL D
  • Previous Owner : KOLB WILLIAM O
  • Previous Owner 2: KOLB LEANNA J
  • Owner Before Previous Owner: HARLEY C DOUGLASS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Central Valley School District
  • Census Tract: 013003

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 21M
  • Parcel: 45252.4906
  • Block: 3
  • Lot: 6
  • Meridian: SEC 25 TWN 25N RNG 44E
  • Municipality: SPOKANE VAL FRMRLY PTN OF 1400
  • Latitude: 47.6421
  • Longitude: -117.188

    Address

  • Full Address: 16120 E 16th Ave
  • Address - House Number: 16120
  • Street Direction: E
  • Address - Street Name: 16th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Spokane Valley
  • Carrier Code: R009
  • 4-Digit Zip Code: 9214
  • Zip Code: 99037

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,219
  • Tax Rate Code Area: 0144

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 79
  • Final Value: 670,621
  • High Value: 780,827
  • Low Value: 560,415

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $463,000
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Jun 22, 2021
  • First Open Lien Mortgage Loan Amount: $463,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $607,100
  • Market Land Value: $115,000
  • Market Improvement Value: $492,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $607,100
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $492,100

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Transaction ID: 11840483325
  • Current Sale Price: $628,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7090875
  • Previous Sale Recording Date: Mar 24, 2000
  • Previous Sale Contract Date: Mar 19, 2000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: Jun 22, 2021
  • First Mortgage Loan Amount: $463,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CONTINENTAL SVGS BK
  • Previous Mortgage Transaction Date: Mar 24, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $157,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2030

About Spokane Valley



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Frequently Asked Questions

What neighborhood is 16120 East 16th Avenue located in?
The 16120 East 16th Avenue is a located in the neighborhood of Spokane Valley in Spokane Valley, Veradale.
What is the average sales price for listings in 16120 East 16th Avenue?
The average sales price for units in 16120 East 16th Avenue is $0 currently.

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