Score
0Spokane, WA
912 W 23rd Ave
531K
4 beds
3 baths
2,937 sqft
4 bd • 3 ba • 2,937 sf
This analysis was generated on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$530,600
Price/Sq.Ft
$181
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 912 W 23rd Ave, Spokane, WA 99203 offers excellent value at $180.66/sqft, which is significantly lower than the average price for similar homes in the area (typically ranging from $200-$250/sqft). With 2,937 sqft, it provides ample space, surpassing the average home size in Spokane by approximately 30%. The 4 bedroom, 3 bathroom layout is ideal for families or those needing extra space. Its location in the desirable South Hill neighborhood adds to its appeal, known for good schools and proximity to amenities. The brick chimney and shake siding suggest a well-built, potentially older home with character, which is highly sought after in Spokane's market.
The Bad
The lack of detailed information about the year built, property features, and utility systems is concerning. This could indicate an older home (potentially pre-1950s) which may require significant updates or repairs. The absence of a garage in the image could be a drawback, as covered parking is valuable in Spokane's climate. The property's price of $530,600 is above the median home value in Spokane (typically around $300,000-$350,000), which may limit the pool of potential buyers. The landscaping appears minimal, which could require additional investment to improve curb appeal.
The Ugly
Given the potential age of the home, there could be serious hidden issues such as outdated electrical systems, plumbing problems, or foundation issues. These could cost tens of thousands to repair. The shake siding, while attractive, can be prone to moisture damage and may need replacement if not properly maintained, potentially costing $20,000-$30,000. The brick chimney might require repointing or structural repairs, which can range from $1,000 to $5,000. If the home hasn't been updated, it may have hazardous materials like lead paint or asbestos, requiring specialized (and costly) removal during any renovations.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $150,000+ annually, based on the purchase price and potential renovation costs. It's ideal for families or professionals who value space and are willing to invest in updates. The South Hill location makes it perfect for those prioritizing good schools and a family-friendly neighborhood. It could also appeal to buyers who appreciate historic homes and are prepared for the challenges of maintaining an older property. Investors looking for a long-term rental property could benefit from the strong rental market for larger homes in Spokane, with potential monthly rents around $2,270 for a four-bedroom home.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to the high purchase price and potential renovation costs. It's also not ideal for buyers looking for a move-in ready home or those unwilling to take on potential major repairs. The property may not suit those requiring a garage or ample off-street parking. Investors looking for immediate cash flow or a quick flip may find the potential renovation needs too demanding.
Demographics
Area Median Income
$85,516
Property History
Price History
Ownership Timeline
$405,000Financed
Jan 6, 2021Terry D Lawhead, Dorothy KarisgodtKela Karlsgodt, Adam Karlsgodt
Warranty Deed
Standard Sale (Purchase/Resales)
$123,500Financed
Aug 12, 1996Mark A Chelini, Wendy A Currin CheliniTerry Lawhead, Dorothy L Maceachern
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$930
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$530,600
Price/sqft
$181
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$703,000
24.5%
Your price is 24.5% below average
Median Price
$689,000
23.0%
Based on 6 recent sales
Price per Sq.Ft
$233
22.5%
Your price is 22.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 501 W 25th Ave, Spokane, WA 99203 | $710,000 | 2,916 | 4 | 3 | $24334.8% | 10/4/2024 |
| 1220 W 13th Ave, Spokane, WA 99204 | $469,000 | 2,589 | 4 | 3 | $1810.3% | 9/19/2024 |
| 3725 S Lamonte St, Spokane, WA 99203 | $605,000 | 3,056 | 5 | 3 | $1989.6% | 8/20/2024 |
| 1027 W 25th Ave, Spokane, WA 99203 | $689,000 | 2,580 | 4 | 3 | $26747.8% | 9/13/2024 |
| 227 W 28TH Ave, Spokane, WA 99203 | $460,000 | 3,504 | 4 | 3 | $13127.3% | 9/5/2024 |
| 927 W 20th Ave, Spokane, WA 99203 | $1,285,000 | 3,401 | 4 | 3 | $378109.1% | 8/23/2024 |
501 W 25th Ave, Spokane, WA 99203
Price: $710,000
Sq.Ft: 2,916
Beds/Baths: 4/3
$/Sq.Ft:
$24334.8%
Sale Date: 10/4/2024
1220 W 13th Ave, Spokane, WA 99204
Price: $469,000
Sq.Ft: 2,589
Beds/Baths: 4/3
$/Sq.Ft:
$1810.3%
Sale Date: 9/19/2024
3725 S Lamonte St, Spokane, WA 99203
Price: $605,000
Sq.Ft: 3,056
Beds/Baths: 5/3
$/Sq.Ft:
$1989.6%
Sale Date: 8/20/2024
1027 W 25th Ave, Spokane, WA 99203
Price: $689,000
Sq.Ft: 2,580
Beds/Baths: 4/3
$/Sq.Ft:
$26747.8%
Sale Date: 9/13/2024
227 W 28TH Ave, Spokane, WA 99203
Price: $460,000
Sq.Ft: 3,504
Beds/Baths: 4/3
$/Sq.Ft:
$13127.3%
Sale Date: 9/5/2024
927 W 20th Ave, Spokane, WA 99203
Price: $1,285,000
Sq.Ft: 3,401
Beds/Baths: 4/3
$/Sq.Ft:
$378109.1%
Sale Date: 8/23/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
