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7511 Southwest Terrace Drive

7511 Southwest Terrace Drive, Cheney, WA 99004
Property in Spokane
Sold Jan 19, 2022
Transfer
$323,033 by Nationstar Mortgage Llc
Mortgage Due Jan 01, 2052
Sold Jul 29, 2015
$265,000
$265,000 by Wms Series Llc
Mortgage Due Aug 01, 2045
7511 Southwest Terrace Drive in Cheney, WA was first built in 2011 and is 13 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 4 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7511 Southwest Terrace Drive has 2,570 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. In total, the area measurement of the land is 17,010 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 758 sqft. There are a total of 3 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 average. The exterior walls of the home are made of wood. 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 forced air unit and being fueled with gas. Prior to that sales transaction, the property was also sold in Jul 27, 2015 for $265,000. 7511 Southwest Terrace Drive was last assessed in 2023. The total value of the property was assessed at $477,500. Specifically, the land the property is located on was valued at $90,000. While improvements on the property were assessed at a total of $387,500. 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 $3,977. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 758
  • Parking Space Count: 3
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 17,010
  • Total Building Area: 3,328
  • Gross Building Area: 3,328
  • Building Area: 2,570
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,570
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST TERRACE 3RD ADD
  • Land Acres: 0.391
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: WEST TERRACE 3RD ADD PUD LT 5 BLK 3

Ownership

  • Current Owner : CLINE KRISTINA
  • Previous Owner : SHERMAN JOHN
  • Owner Before Previous Owner: JOHNSON JOHN H
  • Owner Before Previous Owner 2: JOHNSON TINA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cheney School District
  • Census Tract: 014100

Zoning

  • Zoning: LDR

Geography

  • Parcel: 24074.1005
  • Block: 3
  • Lot: 5
  • Meridian: SEC 07 TWN 24N RNG 42E
  • Municipality: CHENEY
  • Latitude: 47.5846
  • Longitude: -117.544

    Address

  • Full Address: 7511 S West Terrace Dr
  • Address - House Number: 7511
  • Street Direction: S
  • Address - Street Name: West Terrace
  • Address - Suffix Type: Dr
  • State: WA
  • City Name: Cheney
  • Carrier Code: R007
  • 4-Digit Zip Code: 8585
  • Zip Code: 99004

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,977
  • Tax Rate Code Area: 1880

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 79
  • Final Value: 529,310
  • High Value: 616,211
  • Low Value: 442,409

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $555,033
  • First Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 19, 2022
  • First Open Lien Mortgage Loan Amount: $323,033
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052
  • Second Open Lien Mortgage Lender: PENRITH HOME LOANS LLC
  • Second Open Lien Mortgage Recording Date: Feb 14, 2022
  • Second Open Lien Mortgage Loan Amount: $232,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $477,500
  • Market Land Value: $90,000
  • Market Improvement Value: $387,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $477,500
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $387,500

    Sales

  • Current Sale Contract Date: Dec 27, 2021
  • Current Sale Recording Date: Jan 19, 2022
  • Current Sale Transaction ID: 11877471799
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 7173168
  • Previous Sale Recording Date: Jul 29, 2015
  • Previous Sale Contract Date: Jul 27, 2015
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 19, 2022
  • First Mortgage Loan Amount: $323,033
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WMS SERIES LLC
  • Previous Mortgage Transaction Date: Jul 29, 2015
  • Previous Mortgage Loan Amount: $265,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Aug 01, 2045

About Spokane



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Frequently Asked Questions

What neighborhood is 7511 Southwest Terrace Drive located in?
The 7511 Southwest Terrace Drive is a located in the neighborhood of Spokane in Spokane, Cheney.
What is the average sales price for listings in 7511 Southwest Terrace Drive?
The average sales price for units in 7511 Southwest Terrace Drive is $0 currently.

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