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    40XXX Madison Rd Elk, WA 99009

    For Sale
    $339,000

    Acreage - ELK, WA

    Lot size:
    39.55 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 40XXX Madison Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    49102.9061
    Exterior features
    Crossed Fence, Perimeter Fenced
    Fencing
    Fenced, Perimeter
    Lot size
    39.55 Acres

    Building Details

    Architectural style
    Other

    American Real Estate Associates, Inc. (509) 435-2424

    Listing agent Mindy Jo Lyons (509) 435-2424 License #22019979

    Listing date Sep 26, 2025

    MLS# 44946 Listing URL

    Copyright © 2025 Northeast Washington Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    40 Acres with Mountain Views

    This 40-acre parcel in Elk, WA, offers privacy and building potential. The cross-fenced land is suitable for animals or agriculture and features a mix of trees and open space, with views of Mt. Spokane. The property benefits from county road access and proximity to power sources. The area is known for good wells. The land is currently under an agricultural tax benefit. It is suitable for a dream home, hobby farm, or potential rural cluster development with the possibility of up to 4 residences.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Suggested Use

    Food Market Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk
    County
    Spokane
    State
    Washington
    Longitude
    -117.240549
    Latitude
    48.024835

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    FAQs

    What type of property is this?
    Land - 40 acres in Elk, WA with views and building potential.
    Where is this land located?
    The property is located at 40XXX Madison Rd Elk, WA.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: - Sweeping views of Mt. Spokane.; - 40 acres of land with ag tax benefits.; - Cross-fenced for animals or agriculture.
    (509) 435-2424
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40XXX Madison Rd Elk, WA 99009
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