8320 S Colwood Rd, Cheney, WA, 99004
About This Home
Welcome to this beautifully maintained 2023-built home in the desirable Needham Hill neighborhood! Offering 1,463 sq. ft., this low-maintenance residence features 3 bedrooms and 2 bathrooms with an inviting open-concept layout. The spacious primary suite includes a walk-in shower and generous closet space. Enjoy summer evenings under the custom pergola on the backyard patio, surrounded by a fully fenced yard with underground sprinklers, two flowering crabapple trees, and a 10x10 storage shed. Additional features include central A/C, a high-efficiency furnace, programmable thermostat, and attached 2-car garage. Conveniently located with quick freeway access, just minutes from downtown Spokane and Airway Heights. Enjoy the nearby community park with walking paths, splash pad, playground, and open green space. Low HOA dues make this move-in-ready home an exceptional value!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2023
Materials
- Roof: Composition
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Water Softener,Free-Standing Range,Dishwasher,Refrigerator,Disposal,Microwave,Washer,Dryer
Basement
- Basement: Slab
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Window features: Vinyl Frames
First Floor
- Level: First
Heating & Cooling
- Heating features: Electric,Forced Air,Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 1,463
- Total interior livable area: 1,463 sqft
Property
Details
- Parcel number: 24182.0507
Features
- Levels: One
- Stories: 1
- Fencing: Fenced Yard
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 5,572 sqft
- Features: Sprinkler - Automatic,Level,Open Lot,Plan Unit Dev
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
- Wildfire
- Heat Wave
- Inland Flooding
- Ice Storm
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Spokane County and Washington
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,047 | $24,564 |
| Home Insurance * | $133 | $1,596 |
| Property Taxes | $345 | $4,140 |
| Electricity | $149 | $1,793 |
| Total | $2,674 | $32,088 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Price change | $405,000 |
| 2026-07-08 | Price change | $414,950 |
| 2026-06-26 | Listed for sale | $422,775 |
| 2024-06-21 | Sold | $388,245 |
| 2024-05-13 | Pending sale | $386,995 |
| 2024-05-07 | Listed for sale | $386,995 |
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