16402 South Sherman Road

16402 South Sherman Road has been categorized by the local assessors in Cheney, WA as a residential type of property. The building on the property was first built in 1994 and is 30 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 16402 South Sherman Road has 1,940 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 207,346 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a mobile home 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. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable 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 no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. 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, 16402 South Sherman Road sold most recently in Jul 25, 2016 for a total of $179,000. If you work out the math, that's approximately a cost of $92.27 per sqft. Before that, the property was also sold for $129,000 in Jun 20, 2003. 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 $2,974 in taxes each year. 16402 South Sherman Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $362,680. If we break it down further, the land itself was valued at $100,080. Improvements to the property, however, were assessed at a total of $262,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.