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$424,900

Beds
5
Baths
2.5
sq ft
3,013

405 W 7th Ave, Ritzville, WA 99169

405 W 7th Ave

Ritzville, WA 99169

  • 206 days on market
    • Price drop $10,000↓
MLS# 276665 This 5-bedroom, 3,013 SF home in charming Ritzville is packed with opportunities, including the potential for income production. The thoughtfully designed lower-level features two bedrooms, a bonus room (which could easily serve as a sixth bedroom, office, or recreational space), a bathroom, and a fully equipped kitchenette, perfect for a rental unit, short-term stays, or multi-generational living. On the main level, enjoy elegant bamboo flooring, a chef’s kitchen with granite countertops, a spacious master suite with a private bath, and an additional bathroom for added convenience. These flexible living spaces provide privacy and independence, making this property ideal for those looking to generate extra income while enjoying a beautiful home. Outside, the spacious lot includes a shop with a car lift, ideal for hobbyists or additional rental opportunities, plus an open slab porch with wood ceilings for relaxing evenings. Lawn maintenance is a breeze with underground sprinklers. Solar panels add energy efficiency, further enhancing the value of this home as a personal residence or investment property. Whether you’re seeking a family home with room to grow or a property with outstanding rental income potential, this is an opportunity not to be missed!

Details

Property type

Single Family Residence

Est. home value

$347,370

Lot size

7,405 sq ft

Price per sq ft

$142

Year built

1962

Annual property taxes

$3,938.23

Price History

12/13/2024
PacificRegionalMLS

PacificRegionalMLS #276665

Listed
$424,900
12/13/2024
PacificRegionalMLS

PacificRegionalMLS #276665

Removed
$424,900
10/18/2024
PacificRegionalMLS

PacificRegionalMLS #276665

Price change
$424,900
-2.3%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$48,962
Asking price
$424,900
Closing costs (~8% of asking)
-$33,992
Est. remaining loan balance
-$341,946
Cash to seller
$48,962

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jarl Enterprises Llc

Loan start date

May 2021

Original loan amount

$370,175

Est. remaining balance

$341,946

Interest rate

3.13%

Loan type

VA, 30 year

Seller

Thomas Leighty and Amanda Deruwe

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/04/2025 at 3:20 PM

Listing updated: 12/13/2024 at 9:51 AM

Listed by: Yasmin Barajas-Jimenez, Tri-Cities Realty Group, LLC. Phone #: (509) 546-2121

MLS: PacificRegionalMLS #276665

PacificRegionalMLS logo

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Disclaimers

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of the Pacific Regional 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. Real estate listings held by brokerage firms other than Tomo Real Estate, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Pacific Regional MLS. All Rights Reserved.