240 S Cheney Spangle Rd, Cheney, WA 99004 Property Records

Spokane County property record for 240 S Cheney Spangle Rd, Cheney, WA 99004

Property Summary

Property Type	Apartments (5+ Units)
Details	3.5 ba · 222,806 sqft · built 2008
Lot Size	13 acres (566,280 sqft)
Owner	Company Name on File
Last Sale	$18,000,000 (Jun 2026)
Tax Bill	$300,151 (2026)
Deeds & Mortgages	Jun 2026 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`13135.9022`

Property Details

APN / Parcel Number

Primary APN	`13135.9022`

Interior

Full Baths	3.5 Baths
Half Baths	5 Half Baths
Total Rooms	7 Rooms
Units	417 Units
Stories	1 Story
Building Area	222,806 sqft Total Area
1st Floor Area	7,030 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2008
Effective Year Built	Effective 2012
Architectural Style	Ranch
Exterior Material	Wood
Roof Type	Gable
Roof Material	Composition Shingle
Lot Area	566,280 sqft
Garage Type	Detached
Garage Area	682 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Open Concrete/Masonry Porch
Porch Area	16,038 sqft
Patio Area	774 sqft
Total Buildings	10 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	240 S CHENEY SPANGLE RD
City	CHENEY
State	WA
Zip	99004-5137
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	R-3H
Legal Description	13-23-41; COMM AT S 1/4; TH S894955E 1330.52FT; TH N000709E 1132.42FT TO POB; N895614W 204.34FT; TH N735044W 150.20FT; TH S821453W 220.38FT; N074507W 54.23FT; N483041W 226.32FT; N311912W 72.74FT; N142838E 147.66FT; TH N753122W 5.60FT; TH N142838E 34.
Legal Range	41
Legal Township	23
Legal Section	13
Jurisdiction	SPOKANE WA
Township / Civil Division	AMBER-CHENEY SOUTH
Census Block Group	1
Census Block	1019
Census Tract	14200

Owner

240 S Cheney Spangle Rd, a residential property, is owned by a company that bought it in June 2026.

Source: Spokane County records, as of September 16, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on File
Mailing Address	651 OLD MT PLEASANT AVE, 110, LIVINGSTON, NJ 07039
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 25, 2026 · Amount on File
Deed Sale	Jun 25, 2026 · Amount on File
Deed Document Number	20267497485
Prior Transfer Date	Feb 19, 1999
Prior Transfer Doc	0004652422
Record Updated	Oct 29, 2026

June 2026: Bargain and Sale Deed, Transfer

Document Type	Bargain and Sale Deed
Jurisdiction	SPOKANE WA
Recording Date	Jun 25, 2026
Property Address	240 S CHENEY SPANGLE RD, CHENEY, WA 99004-5137
Document Number	0007497485
Instrument Date	Jun 9, 2026
Instrument	20267497485
Transaction Type	Transfer
Record Updated	Jul 6, 2026
Title Company	SIMPLE TITLE, SIMPLIFILE

Transaction

Amount	Amount on Record
Tax	$60,507,080.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership

Mortgage

Document Number	0007497485,
Date	Jun 25, 2026
Instrument	20267497485

Lender

Name	LADDER CAPITAL REALTY II LLC

Agreement

Type	Conventional Mortgage
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Rate	6.36%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

Tax Assessment & Valuation

The 2026 property tax bill for 240 S Cheney Spangle Rd was $300,151, down 4.7% from the year before.

Source: Spokane County assessment roll, as of September 16, 2026

Property Jurisdictions

Type	Name
State	Washington
County	Spokane County
Municipality	Cheney City
Unified School District	Cheney School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$300,151.00 (-4.73%)	$26,111,340 (-3.4%) Land $1,698,840 Building $24,412,500	$26,111,340 (-3.4%) Land $1,698,840 Building $24,412,500
2025	$315,069.00	$27,031,600 (-14.3%) Land $1,698,840 Building $25,332,760	$27,031,600 (-14.3%) Land $1,698,840 Building $25,332,760
2024		$31,543,000 (+58.72%) Land $1,415,700 Building $30,127,300	$31,543,000 (+58.72%) Land $1,415,700 Building $30,127,300
2023	$263,260.00 (+19.99%)	$19,873,600 Land $1,415,700 Building $18,457,900	$19,873,600 Land $1,415,700 Building $18,457,900
2022	$219,403.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 240 S Cheney Spangle Rd in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2022.

Source: FEMA National Flood Hazard Layer, effective September 27, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force
Nearby Flood Claims	1 (2022)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Jun 2022 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 240 S Cheney Spangle Rd is high, ranking above 75% of the US, with a 0.4% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	High above 75% of the US · above 51% of Washington
Wildfire Likelihood	0.4% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF CHENEY serves 16,954 people · EPA ID WA5312400
Water Source	Groundwater
Last State Inspection	Oct 2021
Lead	1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 40 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
DCI Cable	1,000 / 100

May also be available: Verizon.

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