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2642 E 38th Ave, Spokane, WA, 99223

5beds
3baths
2,500sqft
$515,000
$206price/sqft
$3,356/moest. monthly cost
$134,240/yrincome needed

About This Home

Wonderful main-floor living rancher with the space, layout, and setting you’ve been looking for. Large windows fill the home with natural light and overlook the private, beautifully landscaped backyard with Japanese maples, garden beds, and mature plantings. The living room features a cozy gas fireplace, and the updated kitchen offers granite countertops, stainless steel appliances, and easy access to the covered patio and backyard. This 5-bedroom, 3-bath home includes three main-floor bedrooms, including a spacious main-floor primary suite and laundry. Downstairs offers two additional bedrooms, a rec room, and a full bathroom—ideal for guests, hobbies, or extra living space. Enjoy Spokane’s spring and summer weather in the lush backyard, perfect for relaxing or entertaining. Convenient South Hill location near Trader Joe’s, shopping, restaurants, Ferris, and Hamblen. A wonderful place to call home!

Getting Around

46
WalkingCar-Dependent
41
TransitSome Transit
57
BikeBikeable

Schools

8/10
Hamblen Elementary SchoolGrades PK-60.4 mi
8/10
7/10
Ferris High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1975

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch,Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Free-Standing Range,Dishwasher,Refrigerator,Disposal,Microwave

Basement

  • Level: Basement

Basement

  • Has basement: Yes
  • Basement: Partial,Finished,Rec/Family Area

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • Hard Surface Counters
  • Window features: Wood Frames,Multi-Pane Windows
  • Number of fireplaces: 1
  • Fireplace features: Masonry,Gas,Insert
  • Fireplace: Yes

First Floor

  • Level: First
  • Area: 1372

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,500
  • Total interior livable area: 2,500 sqft

Property

Details

  • Parcel number: 35334.0403

Features

  • Levels: One
  • Stories: 1
  • Fencing: Fenced Yard

Lot

  • Lot size: 9,112 sqft
  • Features: Sprinkler - Automatic,Level

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Ice Storm
Winter Weather

FEMA Declared Disasters in Spokane County and Washington

Fire
Flood
Mud Landslide
Other
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,604$31,248
Home Insurance *$151$1,812
Property Taxes $430$5,160
Electricity $171$2,052
Total$3,356$40,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,062/yr
40% on housing$100,680/yr
45% on housing$89,493/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 99223$246
Spokane County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 99223$210
Spokane County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Price change$515,000
2026-07-23Price change$529,900
2026-07-14Price change$539,900
2026-06-27Listed for sale$550,000
2026-05-28Listing removed$3,250
2026-05-21Listed for rent$3,250
2024-05-26Listing removed--
2024-04-24Listed for rent$2,950
2021-04-22Sold$550,000
2021-03-23Pending sale$420,000
2021-03-20Listed for sale$420,000

For Sale by Agent

AgentMarc Nilson
BrokerageKeller Williams Spokane - Main

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