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501 E Parker Dr, Colbert, WA, 99005

5beds
4baths
2,591sqft
$615,000
$237price/sqft
$3,949/moest. monthly cost
$157,960/yrincome needed

About This Home

Welcome to this beautifully updated 5-bedroom, 4-bathroom home offering almost 2,600 square feet of living space on a spacious .29-acre lot, perfectly situated close to Bidwell Park in the highly desirable Colbert area. Designed for both everyday living and entertaining, this home features an open, functional floor plan with generous living spaces and modern upgrades throughout. The kitchen is equipped with newer premium Café appliances, while the included newer LG washer and dryer add even more convenience. Technology meets comfort with an impressive array of smart home features, making it easy to control your home from anywhere. The heated and insulated 3-car garage provides the perfect space for vehicles, hobbies, or a workshop year-round. Outside, you’ll appreciate the newer exterior paint, dedicated RV and boat parking, a 30-amp RV hookup, and a 50-amp backup generator hookup—offering peace of mind and flexibility for every lifestyle. You don't want to miss this one, schedule your private showing today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

7/10
Midway Elementary SchoolGrades K-50.9 mi
6/10
Northwood Middle SchoolGrades 6-83.4 mi
7/10
Mt Spokane High SchoolGrades 9-124.4 mi

Construction

Condition

  • Year built: 2008

Materials

  • Roof: Composition
  • Construction materials: Masonite,Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

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

Basement

  • Level: Basement

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Daylight

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Cathedral Ceiling(s),Natural Woodwork
  • Window features: Skylight(s),Vinyl Frames
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes

First Floor

  • Level: First

Heating & Cooling

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

Interior Area

  • Total structure area: 2,591
  • Total interior livable area: 2,591 sqft

Property

Details

  • Parcel number: 37203.2908

Features

  • Fencing: Fenced Yard

Lot

  • Lot size: 0.29 Acres
  • Features: Sprinkler - Automatic,Open Lot,Cul-De-Sac,Irregular Lot,Surveyed

Parking

  • Total spaces: 3
  • Parking features: Attached,RV Access/Parking
  • Attached garage spaces: 3
  • Covered spaces: 3

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 WaveRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Ice Storm
Strong Wind
Wildfire
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 $3,109$37,308
Home Insurance *$157$1,884
Property Taxes $506$6,072
Electricity $177$2,126
Total$3,949$47,388
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,394/yr
40% on housing$118,470/yr
45% on housing$105,306/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

$237This listing

vs Other Active Listings

Avg $/sqft

ZIP 99005$230
Spokane County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 99005$231
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
2026-08-12Pending sale$615,000
2026-07-15Listed for sale$615,000
2009-07-01Sold$230,000

For Sale by Agent

AgentMichael Brunner
BrokerageThe Experience Northwest

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