Welcome to this move-in-ready rancher with a full basement, offering 4 bedrooms and 2 bathrooms in a highly desirable Spokane Valley location. Recently updated with fresh paint and new carpet, this home also features original hardwood floors underneath—ready to be uncovered and restored for added charm. The kitchen includes brand-new appliances, and the home has been upgraded with a tankless water heater and a whole-house water filtration system for comfort and efficiency. Outside, enjoy the fully fenced backyard complete with a gazebo and central fire pit—perfect for relaxing or entertaining. A large shop provides space for your hobbies or storage, and there's even covered parking for your RV. Plus, an attached 2-car garage offers additional convenience. Located close to Valley schools, bus stops, shopping, and restaurants, this home has it all—updates, space, and a prime location. You won’t want to miss this one!
Single-familyProperty Type
1955Year Built
0.41 acresLot Size
$237Est. Price/Sq.Ft.
4 car garageParking
Listed by Christina Wyatt• Engel & Volkers Western Frontier
Listed by Connie Hamblen• Engel & Volkers Western Frontier
Central Valley Rancher On 0.41 Acre Lot. 4 Bedroom/2 Bathroom. Master + 2 Bedrooms, Large Family Room With Sliding Glass Door Out To The Private Backyard, Full Bath, Kitchen With SS Appliances, And High End Pellet Stove With Thermostat/Temp Controls All On Main Floor. In Full Basement You Will Find A Huge Family Room With Fire Place, 1 Non Egress Bedroom, Bathroom, And Large Laundry Room With Plenty Of Storage. Attached Oversized 2 Car Garage, 1024SF Shop With Oversize Door, Covered RV Parking. Custom Stick Built Gazebo With Fire Pit Makes Perfect For Backyard Entertaining. Deck, Covered Patio, Custom Built Storage Shed. Beautiful Landscaping, Raised Garden Beds, And Circular Driveway. Tons Of Off Street Parking. New Roofs On All Structures In The Last 7 Years. Emergency Generator Included And Home Is Wired For Easy Connection. This Home Has It All. Call To Schedule A Showing Today!
SPOKANEMLS as Distributed by MLS Grid #201513663
Apr 21, 2015
Sold
$168,000
$74/sq ft
Mar 12, 2015
Listed
$164,500
$73/sq ft
+15
Beautifully maintained and updated 4 br/3 ba (1 non-egress) rancher in Spokane Valley. This home features updated kitchen with high end appliances that stay, newer furnace and hot water tank, vinyl windows and more. Nice . 40 acre lot that is nicely landscaped with sprinkler system, trees and fenced. Located on S University that is very well maintained and not as busy. Check this home out, you will not be disappointed.
Public Records
Nov 22, 1988
Sold
$52,000
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,642 (+0.6%)
$90,000 + $343,700
$433,700
2025
$4,614 (+11.7%)
$90,000 + $343,700
$433,700
2024
$4,132 (+7.1%)
$81,000 + $350,700
$431,700
2023
$3,859 (+7.0%)
$72,000 + $331,900
$403,900
2022
$3,606 (−2.7%)
$49,500 + $259,500
$309,000
2021
$3,708 (+11.6%)
$49,500 + $248,200
$297,700
2020
$3,322 (+15.8%)
$40,500 + $230,200
$270,700
2019
$2,868 (+11.0%)
$40,000 + $203,900
$243,900
2018
$2,584 (+10.8%)
$40,000 + $127,200
$167,200
2017
$2,332 (+3.8%)
$40,000 + $127,200
$167,200
2016
$2,247 (+13.8%)
$40,000 + $116,100
$156,100
2015
$1,975
$35,000 + $99,500
$134,500
Tax history for 2318 S University Rd
Year
Property tax
Land + Additions
Assessment*
2026
$4,642 (+0.6%)
$90,000 + $343,700
$433,700
2025
$4,614 (+11.7%)
$90,000 + $343,700
$433,700
2024
$4,132 (+7.1%)
$81,000 + $350,700
$431,700
2023
$3,859 (+7.0%)
$72,000 + $331,900
$403,900
2022
$3,606 (−2.7%)
$49,500 + $259,500
$309,000
2021
$3,708 (+11.6%)
$49,500 + $248,200
$297,700
2020
$3,322 (+15.8%)
$40,500 + $230,200
$270,700
2019
$2,868 (+11.0%)
$40,000 + $203,900
$243,900
2018
$2,584 (+10.8%)
$40,000 + $127,200
$167,200
2017
$2,332 (+3.8%)
$40,000 + $127,200
$167,200
2016
$2,247 (+13.8%)
$40,000 + $116,100
$156,100
2015
$1,975
$35,000 + $99,500
$134,500
*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
Lot width
—
Lot depth
—
Lot size
0.41 Acres
Year renovated
2000
Sq. Ft.
1,984
Year built
1955
Style
Single Family Residential
County
Spokane County
APN
45291.0809
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
R-2
Single-Family Residential Suburban District
Single-Family Residential Suburban. Preserves existing single-family development patterns, while allowing for development that is similar in size and scale to the surrounding neighborhood.
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
Mar 5, 2026 • Final
Mechanical permit - residential or commercial
Work on a residential building.
HVAC
Dec 22, 2022 • Final
Approach
Install a second approach for a circular driveway.
Grading
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.
Property details
Parking
Parking Information
Parking Features: Attached, Detached, Carport, RV Access/Parking, Workshop in Garage, Garage Door Opener, Off Site, Oversized