Last Sold Price
2 beds1 bath1,560 sqft$217/sqft
501 E Elm Rd, Spokane, WA 99218

Description

Possibilities Await at 501 E Elm St! This is your chance to own a versatile 2 bed 1 bath house & 20x46 shop in a prime, convenient location— Imagine the flexibility: live in the house and run your business from the shop, or turn the home into an Airbnb while you work just steps away—the potential is real! The home itself has had all the big-ticket items taken care of, including updated electrical, plumbing, roof, kitchen, and furnace. The basement is a clean slate, ready for you to add value and...Possibilities Await at 501 E Elm St! This is your chance to own a versatile 2 bed 1 bath house & 20x46 shop in a prime, convenient location— Imagine the flexibility: live in the house and run your business from the shop, or turn the home into an Airbnb while you work just steps away—the potential is real! The home itself has had all the big-ticket items taken care of, including updated electrical, plumbing, roof, kitchen, and furnace. The basement is a clean slate, ready for you to add value and build equity. You'll also love the fully fenced front yard, perfect for privacy and security. Some Fresh paint, New low maintenance landscaping, Sprinkler system, and ALL appliances stay. The shop is fully equipped, featuring a heated office and Bathroom as well as loft space—ideal for extra storage or an after-hours retreat or a hobbyist dream shop! Don’t wait—your home and business space is waiting for you! Become your own boss at 501 E Elm St.
LISTING CLOSED: 03/26/2025 12:00 AM

  1. Listed by Luke Mischke • Coldwell Banker Tomlinson
    P: (509) 499-0218 lukemischkerealestate@gmail.com

Property Details for 501 East Elm Road

Status
MLS #
202513220
Days on Market
1
Taxes
$2,523 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Residential
Year Built
1943
Lot Size
0.14 AC / 6,133 SF
Parking Features
Detached, Workshop in Garage, Oversized
Architectural Style
Bungalow
Subdivision Name
North Y
Zoning
Res

Location

Listing Courtesy of Coldwell Banker Tomlinson

Sold By eXp Realty 4 Degrees

Add your commute

Building Information for 501 East Elm Road

Stories-Year Built1943Building Size-Lot Size0.14 AC / 6,133 SF

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$1,933 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,723

Property Taxes

$210

HOA Dues

$0

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Property Information for 501 East Elm Road

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.40
  • Other Structures: Workshop
  • Directions: GPS Is Correct.
  • New Construction: No
  • Class: Residential
  • Latitude: 47.75
Taxes and HOA
  • Tax Annual Amount: $2,523.00
  • Additional Parcels: No
  • Association: No
  • Parcel Number: 36173.0529
Parking
  • Garage Spaces: 4.00
Virtual Tour
School Information
  • Middle Or Junior School: Highland
Property
Lot Information
  • Lot Features: Fencing, Fenced Yard, Sprinkler - Automatic, City Bus (w/in 6 blks)
  • Lot Size Acres: 0.14
  • Lot Size Square Feet: 6133.0
Property and Assessments
  • Construction Materials: Cedar
  • Senior Community: No
  • 1031 Exchange: No
  • FIPS: 53063
  • Year Built: 1943
  • First Photo Additional Detail: 2025-03-14T16:47:59.2
Utilities
  • High Speed Internet: Yes
Interior and Exterior Features
Exterior Features
  • Area: A342/141
  • Structure Type: One Story
  • Road Frontage Type: City Street
  • Roof: Composition Shingle
Interior Features
  • Basement: Yes
  • Heating: Gas Hot Air Furnace, Forced Air
  • Appliances: Free-Standing Range, Microwave, Washer, Dryer, Hrd Surface Counters
  • Basement: Full, Unfinished, Laundry, Workshop
  • Features: 200 AMP
  • Cooling: Central Air
Room Information
Bedrooms
  • Bedrooms Total: 2
Bathrooms
  • Bathrooms Total Integer: 1
Dining Room
  • Dining Room Features: Informal
Family Room
  • Family/Recreation Room Features: 1st Flr
Room 1
  • Room Area: 780.0
  • Room Area Units: Square Feet
  • Room Level: First
  • Room Type: First Floor
Rental
Rental Information
  • Occupant Type: Owner

Property History for 501 East Elm Road

DateEvent & SourcePriceAppreciation
Mar 26, 2025

Sold

SPOKANEMLS #202513220

$339,000
Mar 24, 2025

Sold (Public Record)

Public Record #1553587199

$339,000

+14.1% / yr

Mar 14, 2025

Pending

SPOKANEMLS #202513220

DateEvent & SourcePrice
03/26/2025

Sold

SPOKANEMLS #202513220

$339,000
03/24/2025

Sold (Public Record)

Public Record #1553587199

$339,000

+14.1% / yr

03/14/2025

Pending

SPOKANEMLS #202513220

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 501 East Elm Road

Taxable ValueLand$75,000Additions$222,800Total$297,800
Tax Record2026$3,065 ($255 / month)
Home Facts
Beds2Baths1Total Finished SqFt780 SqFtAbove Ground SqFt780 SqFtLot Size6,133 SqFtStyleSingle Family ResidenceYear Built1943Year Renovated2023ZoningMDRCountySPOKANEAPN36173.0529

Schools near 501 East Elm Road

This home is within Mead School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Evergreen Elementary School
PublicK to 5

Northwood Middle School
Public6 to 8

Mead Senior High School
Public9 to 12

Mead Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 501 East Elm Road, Spokane, WA 99218
$339,000
2
1
1,560
6,133
2
1
780
6,174
2
1
790
6,552
$121,000
2
1
902
6,098
$108,150
3
1
1,566
6,553
$340,000
2
1
1,073
7,800

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Tomlinson

Based on information submitted to the MLS GRID as of 03/27/2025 09:40 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.