NOT LISTED FOR SALE

1350 Lake Ave Idaho Falls, ID 83402

Estimated Value: $330,000 - $403,000

6 Beds
4 Baths
2,201 Sq Ft
$160/Sq Ft Est. Value

Last Sold March 06, 2015

Current estimated payment $2,116/month

471 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Heating Available
  • Adjacent to Greenbelt
  • Wood Siding

About This Home

As of March 2015

SELLER SAID REDUCE PRICE AGAIN! LOOKING FOR A GREAT INVESTMENT OPPORTUNITY? This 4-plex has been recently updated and has great occupancy history on record. Great cash flow. Call for a personal showing!

Last Agent to Sell the Property

Juan Murdoch

Keller Williams Realty East Idaho License #SP31686 Listed on: 10/16/2013

Keller Williams Realty East Idaho

Last Buyer's Agent

Michael Johnston

Keller Williams Realty East Idaho License #AB18345

Keller Williams Realty East Idaho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,841

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Adjacent to Greenbelt

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit

Schools

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

Utilities

  • No Cooling
  • Heating Available

Additional Features

  • Finished Basement

Community Details

  • No Home Owners Association
  • 4 Units
  • Riverside Subdivision Bon

Listing and Financial Details

  • Exclusions: Seller And Tenants Personal Property
  • Total Actual Rent $1,400
  • Tenant pays for electricity, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,841

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Has Basement: Finished
  • Inclusions: 4 Refrigerators, 4 Stoves
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Lot Size Acres: 0.16
  • Subdivision Name: Riverside Subdivision-Bon
  • Directions: From Broadway and Yellowstone, head north on Yellowstone, west on F street, north on Shoup, west on G, north on Lake to address.
  • Above Grade Finished Sq Ft: 1867
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Interior Amenities: None
  • Appliances: Refrigerator
  • Owner Pays: None
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 334
  • Living Area: 2201

Exterior Features

  • Exclusions: Seller And Tenants Personal Property
  • Roof: Composition
  • Lot Features: Near Green Belt, Near Mall/Shop, Near Public Transit
  • View: No
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: Updated/Remodeled

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Eagle Rock 91JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6969.6
  • Zoning Description: General Zoning: Res-Multi-Family,Specific Zoning: Not Verified
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1841

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 1400
  • 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
Oct 30, 2019
Sold by
Bailey Angela and Bailey Michael D
Bought by
Bailey Michael D and Bailey Jeffery D
Current Estimated Value
$351,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Outstanding Balance
$82,711
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$268,920

Purchase Details

Closed on
Jul 17, 2018
Sold by
Bailey Angela S and Bailey Michael D
Bought by
Bailey Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2018
Sold by
Bailey Michael D
Bought by
Bailey Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2018
Sold by
Oldham Properties Llc
Bought by
Bailey Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2011
Closed on
Jan 24, 2012
Sold by
Federal National Mortgage Association
Bought by
Gerber Mark and Gerber Heidi
Seller's Agent
Steve Anderson
Keller Williams Realty East Idaho
Buyer's Agent
Juan Murdoch
Keller Williams Realty East Idaho
List Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%
Original Mortgage
$63,750
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2011
Sold by
Mercer Gina M
Bought by
Federal National Mortgage Association
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
Bailey Michael D -- Amerititle Idaho Falls
Bailey Michael D -- First American Title Co
Bailey Enterprises Llc -- Accommodation
Bailey Michael D -- First American Title Company
Gerber Mark -- Alliance Title
Federal National Mortgage Association -- Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Michael D $123,750
Closed Bailey Michael D $126,000
Previous Owner Gerber Mark $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2015 03/06/15 Sold -- -- --
01/30/2015 01/30/15 Pending -- -- --
10/16/2013 10/16/13 For Sale $110,000 +29.4% $50 / Sq Ft
01/26/2012 01/26/12 Sold -- -- -- View Prior Sale
12/22/2011 12/22/11 Pending -- -- --
12/05/2011 12/05/11 For Sale $85,000 -- $39 / 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
2025 $3,315 $383,820 $69,300 $314,520
2024 $3,315 $352,830 $47,775 $305,055
2023 $3,348 $328,645 $47,775 $280,870
2022 $3,564 $284,220 $31,500 $252,720
2021 $1,956 $196,250 $31,500 $164,750
2019 $2,193 $124,320 $26,250 $98,070
2018 $2,008 $115,070 $23,870 $91,200
2017 $1,836 $99,630 $17,360 $82,270
2016 $1,791 $91,365 $15,785 $75,580
2015 $1,742 $85,995 $15,785 $70,210
2014 $45,309 $85,995 $15,785 $70,210
2013 $1,831 $93,805 $15,785 $78,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 189295

Snake River Regional MLS

APN: RPA2020090001A