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1661 E Olympic Ave, Spokane, WA, 99207

5beds
2baths
1,536sqft
$325,000
$212price/sqft
$2,172/moest. monthly cost
$86,880/yrincome needed

About This Home

Fully remodeled 5 bedroom, 2 bathroom home in Spokane on a desirable corner lot—with true bedrooms (all with egress windows) and modern updates throughout. This move-in ready home features a brand new roof, new siding, new vinyl windows, new flooring, and fresh interior & exterior paint. The fully updated kitchen includes new cabinets, countertops, and stainless steel appliances, while both bathrooms have been completely remodeled with modern finishes. Enjoy the charm of refinished hardwood floors combined with the reliability of major system upgrades, including a new hot water tank. Outside, you’ll find a fully fenced backyard—perfect for pets, kids, or entertaining—plus an oversized garage with dedicated workspace, ideal for storage, hobbies, or projects. Homes with this many true bedrooms and this level of renovation are rare at this price point. If you’re searching for a turnkey 5 bedroom home in Spokane, this is one of best values currently available.

Getting Around

47
WalkingCar-Dependent
42
TransitSome Transit
56
BikeBikeable

Schools

6/10
Whitman Elementary SchoolGrades PK-50.3 mi
4/10
Garry Middle SchoolGrades 6-80.8 mi
3/10
Rogers High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1948

Materials

  • Roof: Composition
  • Construction materials: Shake Siding,Cedar,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Free-Standing Range,Dishwasher,Refrigerator,Microwave
  • Laundry features: In Basement

Basement

  • Level: Basement

Basement

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

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2

Features

  • Flooring: Wood

First Floor

  • Level: First
  • Area: 768

Heating

  • Heating features: Ductless

Interior Area

  • Total structure area: 1,536
  • Total interior livable area: 1,536 sqft

Other

  • Level: Second

Property

Details

  • Parcel number: 36333.3224

Features

  • Levels: One
  • Fencing: Fenced Yard,Fenced
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 5,950 sqft
  • Features: Level,Corner Lot,Oversized Lot

Parking

  • Total spaces: 1
  • Parking features: Detached,Oversized
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm

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 $1,643$19,716
Home Insurance *$120$1,440
Property Taxes $260$3,120
Electricity $149$1,793
Total$2,172$26,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$74,468/yr
40% on housing$65,160/yr
45% on housing$57,920/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

$212This listing

vs Other Active Listings

Avg $/sqft

ZIP 99207$132
Spokane County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 99207$182
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)

No zestimate history available

Price History

DateEventPrice
2026-05-01Price change$325,000
2026-04-23Listed for sale$349,900
2025-09-25Sold$95,000

For Sale by Agent

AgentJosh Saiz, Kelly Right Real Estate of Spokane
BrokerageKelly Right Real Estate of Spokane

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