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16423 E Valleyway Ave, Veradale, WA, 99037

5beds
3baths
2,584sqft
$624,900
$242price/sqft
$4,046/moest. monthly cost
$161,840/yrincome needed

About This Home

RARE SPOKANE VALLEY UNICORN — 2.7% ASSUMABLE LOAN! An incredible wealth-building and entertainer’s dream set on 1.4 private acres! Key Features: 5 Beds / 3 Baths (Includes 1 non-conforming bedroom) Instant Income: Successful, established Airbnb with a separate private entrance. Entertainer’s Yard: Fully fenced oasis featuring a sparkling pool and a massive concrete patio. Garage & Shop Space: Attached double garage PLUS a huge 24x34 detached shop—perfect for business, equipment, or toys. Developer Potential: Per the city, land holds 8-lot subdivision potential with a private road. Live in luxury while building wealth, or subdivide for a massive return on investment! (Buyer to verify all information and development potential with the City of Spokane Valley.)

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
60
BikeBikeable

Schools

7/10
7/10
Greenacres Middle SchoolGrades 6-80.6 mi
8/10
Ridgeline High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1959

Materials

  • Roof: Composition
  • Construction materials: Brick Veneer,Steel Frame

Type & Style

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

Interior

Appliances

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

Basement

  • Level: Basement

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • In-Law Floorplan
  • Window features: Wood Frames,Vinyl Frames,LVP/LVT Flr
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes

First Floor

  • Level: First
  • Area: 1292

Heating & Cooling

  • Heating features: Baseboard,Ductless
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 2,584
  • Total interior livable area: 2,584 sqft

Property

Details

  • Parcel number: 45134.0513

Features

  • Levels: One
  • Private pool: Yes
  • Pool features: In Ground
  • Has view: Yes
  • View description: Mountain(s),Territorial
  • Horses can be raised: Yes

Lot

  • Lot size: 1.40 Acres
  • Features: Sprinkler - Automatic,Level,Open Lot,Horses Allowed

Parking

  • Total spaces: 4
  • Parking features: Attached,Open
  • Attached garage spaces: 4
  • Covered spaces: 4

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 $3,159$37,908
Home Insurance *$166$1,992
Property Taxes $545$6,540
Electricity $176$2,120
Total$4,046$48,552
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,720/yr
40% on housing$121,380/yr
45% on housing$107,893/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

$242This listing

vs Other Active Listings

Avg $/sqft

ZIP 99037$213
Spokane County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 99037$202
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
2026-08-13Pending sale$624,900
2026-07-30Listed for sale$624,900
2018-08-07Sold$249,500
2004-02-02Sold$144,900

For Sale by Agent

AgentHunter Mackay
BrokerageeXp Realty, LLC

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