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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Hearthstone Homes plans six houses in west Spokane neighborhood

The first four houses of a planned 16-rental-home development are under construction in a neighborhood just off the Fish Lake Trail in west Spokane, where the Grandview-Thorpe and Latah-Hangman neighborhoods meet.

Hearthstone Homes, which is owned by husband and wife Matt and Shannon Pool, is building the three-bedroom houses on Nettleton Lane, south of 16th Avenue. The homes will each have an attached garage and covered entry, according to documents filed with the city. Two of the houses will have two stories; the other two will be one-story ranchers.

Matt Pool, a real estate agent, said the idea for a 16-lot development of rentals came about five years ago, when he and his wife were coming up with “retirement plans.”

“I call them tiny houses – tiny compared to what I used to build,” said Pool, noting the homes range from 1,200 to 1,600 square feet. “They’re two-and-a-half minutes to downtown and right on the Fish Lake Trail. We have to put a pedestrian path to the Fish Lake Trail, which I think is super cool. You can ride your bike to work or whatever.”

The four proposed homes have different designs, and their names follow suit: Ponderosa, Aspen, Cedar and Fir. One side of Nettleton will feature ranchers, the other side will have two-story homes.

City documents value the two-story houses at about $190,000 and the ranchers at more than $160,000. Pool said he hopes to rent the houses for between $1,600 and $1,800 a month.

“They’re all three-bedroom, two-bath, with a two-car garage. And they’re all maintenance-free,” he said. “It’s pretty unique. I figure millennials and older people will like them.”

Financing for the project is through Gesa Credit Union.