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505 East Gem Lane

505 East Gem Lane, Colbert, WA 99005
Property in Spokane
Sold Nov 08, 2021
$800,000
$828,800 by American Pacific Mortgage Corp
Mortgage Due Dec 01, 2051
Sold Apr 14, 2011
$457,280
505 East Gem Lane in Colbert, WA was first built in 1991 and is 33 years old. Although, the building on the property was most recently renovated and altered in 2010. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 13 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 505 East Gem Lane has 3,938 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 2,073 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 203,861 square feet.

Learn more about the property and building on this page. There is a patio. The home has a hip style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 1,078 sqft. There are a total of 5 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 3, 2021 for $800,000. That's $153.14 per sqft. Prior to that sales transaction, the property was also sold in Apr 8, 2011 for $457,280. 505 East Gem Lane was last assessed in 2023. The total value of the property was assessed at $916,720. Specifically, the land the property is located on was valued at $159,520. While improvements on the property were assessed at a total of $757,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,585. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1991
  • Effective Year Built: 2010
  • Building Count: 2
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 2,073
  • Garage Type: Attached
  • Garage Square Area: 1,078
  • Parking Space Count: 5
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 203,861
  • Total Building Area: 5,224
  • Gross Building Area: 5,224
  • Building Area: 3,938
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 3,938
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SP 83-235
  • Land Acres: 4.68
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: 17-27-43 TR C & PTN OF GEM LANE OF SP83-235 BEING A PTN OF S1/2 OF SW1/4 8402140331

Ownership

  • Current Owner : HAZARD CORI
  • Current Owner 2: HAZARD CORDELL MARCUS
  • Previous Owner : NOVELLI GERRY
  • Previous Owner 2: GERRY NOVELLI REVOCABLE LIVING
  • Owner Before Previous Owner: HONKALA RANDOLPH A
  • Owner Before Previous Owner 2: HONKALA RENEE C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mead School District
  • Census Tract: 010305

Zoning

  • Zoning: RT

Geography

  • Assessors Map Reference: 11A
  • Subdivision Tract Number: C
  • Parcel: 37173.9085
  • Meridian: SEC 17 TWN 27 RNG 43
  • Municipality: MEAD
  • Latitude: 47.8325
  • Longitude: -117.403

    Address

  • Full Address: 505 E Gem Ln
  • Address - House Number: 505
  • Street Direction: E
  • Address - Street Name: Gem
  • Address - Suffix Type: Ln
  • State: WA
  • City Name: Colbert
  • Carrier Code: R004
  • 4-Digit Zip Code: 9384
  • Zip Code: 99005

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,585
  • Tax Rate Code Area: 1200

    Appraisal Valuation

  • Standard Deviation: 0.1526
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 81
  • Final Value: 914,220
  • High Value: 1,053,756
  • Low Value: 774,683

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $828,800
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 08, 2021
  • First Open Lien Mortgage Loan Amount: $828,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $916,720
  • Market Land Value: $159,520
  • Market Improvement Value: $757,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $916,720
  • Assessed Land Value: $159,520
  • Assessed Improvements Value: $757,200

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Transaction ID: 11863605804
  • Current Sale Price: $800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7147182
  • Previous Sale Recording Date: Apr 14, 2011
  • Previous Sale Contract Date: Apr 08, 2011
  • Previous Sale Amount: $457,280
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 08, 2021
  • First Mortgage Loan Amount: $828,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Dec 01, 2051

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 505 East Gem Lane located in?
The 505 East Gem Lane is a located in the neighborhood of Spokane in Spokane, Colbert.
What is the average sales price for listings in 505 East Gem Lane?
The average sales price for units in 505 East Gem Lane is $0 currently.

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