NOT LISTED FOR SALE

140 7th St Idaho Falls, ID 83401

Estimated Value: $443,000 - $540,000

6 Beds
4 Baths
4,950 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 26, 2021

Current estimated payment $3,046/month

1 Day on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Many Trees
  • Property is near schools

About This Home

As of May 2021

Welcome to 140 7th St! This gorgeous brick property has tons of character & great cash-flow as a valuable investment opportunity. Located across from the city pool! Four units total include two 1-bed 1-bath apartments and two 2-bed 1-bath apartments. Unit 3 is currently vacant and available for showings anytime - carpet is being replaced Mon/Tues 4/26-27 so showings can begin Wed 4/28. Unit 2 had carpet replaced Fall 2020. Separate utility meters & basement storage. Come check it out today and make this property your newest asset! Contact Listing Office for current lease info.

Last Agent to Sell the Property

Dave Nelson

Keller Williams Realty East Idaho License #SP28192 Listed on: 04/26/2021

Keller Williams Realty East Idaho

Last Buyer's Agent

Dave Nelson

Keller Williams Realty East Idaho License #SP28192 Listed on: 04/26/2021

Keller Williams Realty East Idaho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,302

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • Many Trees

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction
  • Built-Up Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near schools

Schools

  • Hawthorne 91El Elementary School
  • Taylor View 91Jh Middle School
  • Idaho Falls 91HS High School

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Crows Addition Bon Subdivision

Listing and Financial Details

  • Exclusions: Sellers & Tenants Personal Property
  • Total Actual Rent $32,600
  • Tenant pays for electricity, sewer, water
  • The owner pays for common area maintenance, snow removal, insurance, trash collection, grounds care

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,302

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Has Basement: Full
  • Inclusions: All Kitchen Appliances Currently In Units
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Lot Size Acres: 0.14
  • Subdivision Name: Crows Addition-Bon
  • Directions: S Blvd to East on 7th St. Units are on the right, across from City pool.
  • Above Grade Finished Sq Ft: 3350
  • New Construction: No
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Interior Amenities: None
  • Appliances: Refrigerator, Oven, Stove
  • Owner Pays: Common Area Maintenance, Other, Snow Removal, Insurance, Trash Collection, Grounds Care
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1600
  • Living Area: 4950

Exterior Features

  • Exclusions: Sellers & Tenants Personal Property
  • Roof: Built-Up
  • Lot Features: Low Traffic, Near Schools, Established Lawn, Many Trees
  • View: No
  • Construction Type: Frame, Brick
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing

Garage/Parking

  • Open Parking: Yes

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Common Area, Laundry Hookups
  • 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
  • Association: No

Schools

  • Middle Or Junior School: Taylor View 91JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6098.4
  • Zoning Description: General Zoning: Bonneville Residen,Specific Zoning: Idaho Falls-Tn-Traditional Nbh
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3301.6

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 32600
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Hawthorne 91EL
  • HighSchool: Idaho Falls 91HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2025
Sold by
Franklin Ventures Llc
Bought by
Franklin Holdings Llc
Current Estimated Value
$487,464

Purchase Details

Closed on
Jul 14, 2022
Sold by
Mark Franklin
Bought by
Franklin Ventures Llc

Purchase Details

Listed on
Apr 26, 2021
Closed on
May 21, 2021
Sold by
Ruppel Peter H
Bought by
Franklin Mark
Seller's Agent
Dave Nelson
Keller Williams Realty East Idaho
Buyer's Agent
Dave Nelson
Keller Williams Realty East Idaho
List Price
$379,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$292,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2017
Closed on
Oct 10, 2017
Sold by
Toomer Christopher V
Bought by
Ruppel Peter H
Seller's Agent
Tina Miller
Assist 2 Sell The Realty Team
Buyer's Agent
Tina Miller
Assist 2 Sell The Realty Team
List Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.38%

Purchase Details

Closed on
Feb 1, 2012
Sold by
Tw Ventures Llc
Bought by
Toomer Christy and Toomer Christopher V

Purchase Details

Closed on
Feb 11, 2011
Sold by
Toomer Christopher and Toomer Christy
Bought by
Toomer Christopher and Toomer Christy A

Purchase Details

Closed on
Nov 6, 2009
Sold by
Toomer Christy and Toomer Christopher
Bought by
Tw Ventures

Purchase Details

Closed on
Apr 26, 2006
Sold by
Donahoo Michael N and Donahoo Jennifer
Bought by
Toomer Christopher and Toomer Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2006
Sold by
Snell Jeremy A and Snell Alyssa M
Bought by
Donahoo Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Franklin Holdings Llc -- None Listed On Document
Franklin Holdings Llc -- None Listed On Document
Franklin Ventures Llc -- None Listed On Document
Franklin Mark -- Amerititle Idaho Falls
Ruppel Peter H -- Alliance Title & Escrow Corp
Toomer Christy -- Titleone Corp
Toomer Christopher -- --
Tw Ventures -- --
Toomer Christopher -- None Available
Donahoo Michael B -- None Available
Snell Jeremy A -- Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franklin Mark $292,500
Previous Owner Toomer Christopher $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2021 05/26/21 Sold -- -- --
04/27/2021 04/27/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $379,900 +112.2% $77 / Sq Ft
10/13/2017 10/13/17 Sold -- -- -- View Prior Sale
09/06/2017 09/06/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $179,000 -- $35 / 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 $5,873 $652,806 $64,078 $588,728
2024 $5,873 $626,850 $44,180 $582,670
2023 $5,838 $621,760 $44,180 $577,580
2022 $6,195 $524,441 $30,141 $494,300
2021 $5,665 $367,411 $30,141 $337,270
2019 $3,787 $224,855 $25,125 $199,730
2018 $3,279 $206,009 $22,859 $183,150
2017 $3,093 $168,485 $16,625 $151,860
2016 $2,915 $160,192 $15,102 $145,090
2015 $2,854 $146,752 $15,102 $131,650
2014 $70,179 $146,752 $15,102 $131,650
2013 $2,886 $153,311 $15,101 $138,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2135983

Snake River Regional MLS

APN: RPA0540028013A