Spokane County Initiates Foreclosure of a House and Its Surrounding Land

All those eager to buy a house in Spokane, Washington, can keep an eye on the public foreclosure auction of a property with 4 acres in the northern part of Spokane Valley. This property, owned by Spokane County, is located near Bigelow Gulch Road and was initially acquired by the county for the Bigelow Gulch Urban Connector road project.

Earlier this week, county commissioners held a public hearing on the sale of the property located at 5426 N. Otto Lane. According to county engineer Deborah Firkins, if the sale of this manufactured home, which includes four acres and an attached garage, is approved, it will soon be auctioned with an initial bid of $438,000.

Deborah Firkins mentioned that despite needing some maintenance, especially on its roof, the property is currently valued at $438,000. It is a house that features three bedrooms, a living room, a kitchen, a dining room, two bathrooms, and a family room.

If the Spokane County commissioners proceed with the foreclosure auction, the property will be sold via a quit-claim deed, and the closing costs will be shared equally with the new buyer. Meanwhile, the county will cover the cost of standard title insurance for the new owner.

To speak a bit more about the property, it is a combination of two parcels initially purchased by the county and then divided by the Bigelow Gulch Road project. Additionally, the county used a third adjacent property, creating three small sections of land on the southwest side of the road, which were consolidated into a new parcel.

In 2022, the East Valley School District purchased the southwest parcel for $65,000, expanding the East Valley Middle School grounds by 4.5 acres, enough to renovate the district’s sports fields in the vicinity.

Available Foreclosures:

Spokane Valley: 1 home available,

By Elías DaSilva | 29 de octubre de 2024.