$579,895

5407 N Chase Rd Newman Lake, WA 99025

$6,886
Closing credit¹
1,408 sqft
4.6 acres
$412 / sqft
Multi-Family

Property details

About 5407 N Chase Rd

Discover this nearly 5-acre property in the prime location of Otis Orchards. This estate includes a cozy 2-bedroom, 2-bathroom home, a massive 60x32 steel-framed shop with new 12x10 garage doors, an RV pad equipped with its own utilities, a separate barn, a carport, and multiple storage sheds. The property is ideal for large animals and horses, featuring fencing on three sides. This is a perfect investment opportunity—build on the land, rent it out, and enjoy a steady monthly income.

Highlights

Home typeMulti Family
HeatingGas, Forced Air
StatusActive
(Chg price)
CoolingCentral Air
Size1,408 sqft
Lot size4.64 Acres
Year built1984
ParkingDetached, Carport, Slab/Strip, RV Parking, Workshop in Garage, Oversized
MLS #202510128
Garage4 spaces
ViewTerritorial

Summary

  • MLS Number: 202510128
  • MLS Name: SARMLS
  • Office Name: Keller Williams Spokane - Main
  • Office Phone: (509) 458-4000
  • Office Email: firmbroker@kwspokane.com
  • Listing Agent: Lee Arnold

IDX Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 1:55:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property exterior

$579,895

5407 N Chase Rd

$6,886

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 08, 2023
Home Sold
$499,000

Tax history

YearAssessmentProperty Tax
2024$356,660$3,751
2023$266,500$3,433
2022$266,500$3,428
2021$241,400$3,304
2020$218,780$3,174
2018$184,250$2,884
2017$179,050$2,840

History based on county public records data.

Nearby schools

5

East Farms STEAM Magnet School

Public District KG-6

0.1 mi

26203 E Rowan Ave

5

Otis Orchards Elementary School

Public District KG-6

2.6 mi

22000 E Wellesley Ave

6

Liberty Lake Elementary School

Public District 3-5

3.2 mi

23606 E Boone Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $66,595. The majority of Newman Lake, WA residents have income between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

13%
<35k
73%
35k-100k
12%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

21%
Single, No Kids
13%
Single, with Kids
35%
Married, No Kids
31%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
12%
12-17 yrs old
18%
18-34 yrs old
47%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • College FootballCollege Football

Where do the neighbors shop?

  • DillardsDillards
  • Dollar GeneralDollar General
  • Best BuyBest Buy

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Texas RoadhouseTexas Roadhouse
  • SonicSonic

What do the neighbors drive?

  • CadillacCadillac
  • RamRam
  • JeepJeep

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
  • Contemporary ChristianContemporary Christian
All data provided by Home Junction and Claritas

This home is located at 5407 N Chase Rd in Newman Lake, WA and zip code 99025. This 1,408 square foot home, which was built in 1984, sits on a 4.64 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 2, 2025 and is currently priced at $579,895.

While more than 1 listings in Newman Lake, WA in January 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below. In January 2025 in Newman Lake, WA there were 10.5% less homes for sale than in December. The median list price of listings available in January 2025 was $709,000, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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