Can you say TURN KEY? This adorable 3 bed, 2 bath Valley bungalow offers BRAND NEW roof, windows, gas furnace, kitchen cabinets, appliances, paint and the list goes on all while nestled on 1/3+ of an acre. Have you been looking for a lot to build your dream shop? This is it! This home also offers two fireplaces and two family rooms. Minutes from downtown, Centennial Trail and shopping. Hop on this while you can, it won’t last long!
Great Investment opportunity in quiet Valley neighborhood on a double lot. Apartment upstairs with separate entrance. Interior stairway still in place, just boarded over, so there is potential for converting back into a single family residence. Hardwood floors inside and partially finished basement too. Detached garage and storage too. CV Schools! Be very careful on the exterior stairs, not very solid.
Public Records
Sep 1, 1994
Sold
$8,336
$4/sq ft
Public Records
Jun 22, 1979
Sold
$75,000
$35/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$3,936 (−0.2%)
$80,000 + $289,400
$369,400
2025
$3,943 (+11.4%)
$80,000 + $289,400
$369,400
2024
$3,540 (+3.9%)
$75,000 + $293,500
$368,500
2023
$3,407 (+9.2%)
$68,250 + $287,300
$355,550
2022
$3,120 (+2.0%)
$47,250 + $219,500
$266,750
2021
$3,058 (+113.1%)
$47,250 + $197,600
$244,850
2020
$1,435 (−15.9%)
$42,000 + $72,700
$114,700
2019
$1,706 (−9.4%)
$36,750 + $106,800
$143,550
2018
$1,883 (+6.9%)
$33,600 + $92,000
$125,600
2017
$1,762 (+5.9%)
$33,600 + $92,000
$125,600
2016
$1,664 (−1.7%)
$33,600 + $81,200
$114,800
2015
$1,692
$33,600 + $81,200
$114,800
Tax history for 1506 N Herald Rd
Year
Property tax
Land + Additions
Assessment*
2026
$3,936 (−0.2%)
$80,000 + $289,400
$369,400
2025
$3,943 (+11.4%)
$80,000 + $289,400
$369,400
2024
$3,540 (+3.9%)
$75,000 + $293,500
$368,500
2023
$3,407 (+9.2%)
$68,250 + $287,300
$355,550
2022
$3,120 (+2.0%)
$47,250 + $219,500
$266,750
2021
$3,058 (+113.1%)
$47,250 + $197,600
$244,850
2020
$1,435 (−15.9%)
$42,000 + $72,700
$114,700
2019
$1,706 (−9.4%)
$36,750 + $106,800
$143,550
2018
$1,883 (+6.9%)
$33,600 + $92,000
$125,600
2017
$1,762 (+5.9%)
$33,600 + $92,000
$125,600
2016
$1,664 (−1.7%)
$33,600 + $81,200
$114,800
2015
$1,692
$33,600 + $81,200
$114,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
1.34
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
2000
Sq. Ft.
2,383
Year built
1947
Style
Single Family Residential
County
Spokane County
APN
45171.0522
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
R-3
Single-Family Residential District
Single-Family Residential. Allows for single-family residential development that provides flexibility and promotes reinvestment in existing single-family neighborhoods.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Bed & breakfast
Educational/school
Golf related
Cemetery
Park & open space
Feb 5, 2026 • Final
Mechanical permit - residential or commercial
Work on a residential building.
HVAC
Feb 5, 2026 • Final
Residential - new building or addition
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.