NOT LISTED FOR SALE

1055 Lake Ave Idaho Falls, ID 83402

Estimated Value: $232,000 - $293,000

6 Beds
2 Baths
1,704 Sq Ft
$159/Sq Ft Est. Value

Last Sold October 01, 2019

Current estimated payment $1,633/month

18 Days on Market

Highlights

  • River Nearby
  • Adjacent to Greenbelt
  • Baseboard Heating
  • Property is near a park
  • No HOA

About This Home

As of October 2019

Great investment property! Duplex with 3 bedrooms and 1 bath on each level. Basement is currently being updated with new paint, some flooring, and lights. Close to downtown shopping, restaurants, and green belt.

Last Agent to Sell the Property

Gregg Jones

Axis Idaho Realty License #SP48640 Listed on: 07/25/2019

Last Buyer's Agent

Trent Tyler

Keller Williams Realty East Idaho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Adjacent to Greenbelt

Home Design

  • Duplex
  • Block Foundation
  • Metal Roof
  • Metal Siding

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • River Nearby

Location

  • Property is near a park
  • Property is near public transit

Schools

  • Bush 91El Elementary School
  • Eagle Rock 91Jh Middle School
  • Skyline 91HS High School

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 2 Units
  • Original Townsite Subdivision

Listing and Financial Details

  • Exclusions: Seller/Tenants Personal Property
  • Tenant pays for cable TV, trash collection, electricity, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,730

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Has Basement: Finished, Full
  • Inclusions: (2) Refrigerator, (2) Range/Oven
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.07
  • Subdivision Name: Original Townsite
  • Directions: From Broadway heading west to Memorial Dr. Take Right, Right on G st. Left on Lake Ave. to address on left
  • Above Grade Finished Sq Ft: 956
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Appliances: Separate Water Heaters
  • Owner Pays: None
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 748
  • Living Area: 1704

Exterior Features

  • Exclusions: Seller/Tenants Personal Property
  • Roof: Metal
  • Lot Features: Near Park, Near Stream/River, Near Green Belt, Near Public Transit
  • View: No
  • Construction Type: Metal
  • Foundation Details: Block
  • Property Condition: Existing

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Baseboard, Separate Heat
  • Electric: Separate Power Meters, Idaho Falls Power
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Schools

  • Middle Or Junior School: Eagle Rock 91JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 3049.2
  • Zoning Description: General Zoning: If Residence 3 A,Specific Zoning: Idaho Falls-R3a-Res Mixed Use
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Cable TV, Trash Collection, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1729.6

Multi Family

  • Number Of Units Total: 2
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Bush 91EL
  • HighSchool: Skyline 91HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2021
Sold by
Teton Property Management Llc
Bought by
Teton Property Group Z Llc
Current Estimated Value
$271,513

Purchase Details

Listed on
Jul 25, 2019
Closed on
Sep 26, 2019
Sold by
Gen7 Properties Llc
Bought by
Rice Matthew William and Rice Amanda Rose
Seller's Agent
Gregg Jones
Axis Idaho Realty
Buyer's Agent
Trent Tyler
Keller Williams Realty East Idaho
List Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.88%
Original Mortgage
$117,300
Outstanding Balance
$81,418
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$186,265

Purchase Details

Closed on
Jun 21, 2017
Sold by
1055 Lake Street Land Trust
Bought by
Gen7 Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Teton Property Group Z Llc -- Accommodation
Rice Matthew William -- Titleone Twin Falls
Gen7 Properties Llc -- Pioneer Title Co Of Bonnevil
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Matthew William $117,300
Previous Owner Blackburn Dianna L $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2019 10/01/19 Sold -- -- --
08/12/2019 08/12/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $145,000 -- $85 / Sq Ft
Source: Snake River Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,845 $199,520 $26,700 $172,820
2023 $1,844 $185,910 $26,700 $159,210
2022 $1,914 $155,745 $21,285 $134,460
2021 $1,999 $126,675 $21,285 $105,390
2019 $1,857 $110,685 $17,745 $92,940
2018 $1,730 $100,910 $16,140 $84,770
2017 $1,543 $89,115 $12,855 $76,260
2016 $1,541 $79,895 $11,685 $68,210
2015 $1,438 $78,095 $11,685 $66,410
2014 $43,004 $78,095 $11,685 $66,410
2013 $1,511 $80,455 $11,685 $68,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2123760

Snake River Regional MLS

APN: RPA1740058007A