$3,995,000
$505K PRICE DROP

Estimated payment $21,243/month

Total Views 34,384
5 Acres
$799,000 Price per Acre
217,800 Sq Ft Lot

About This Lot

Unlike anything else currently on the market in Meridian! This approximately 5.0 acre property affords prospective developer/builder buyers the opportunity to build the next large scale commercial /multi-family mixed-use project in the heart of Meridian. The property has Mixed-Use Neighborhood comprehensive plan zoning from the City of Meridian and is one of the last remaining parcels under that zoning classification. Situated in between Ustick and McMillan off of Locust Grove Rd, this sought-after property is flat, with utilities nearby and presents an amazing marketing window and access for the next luxury development in this area! Seller to entertain developer terms from qualified buyers.

Listing Agent

Christopher Foster

Primestreet Real Estate Brokerage Phone: 425-218-1932 Listed on: 05/08/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,744

Schools

  • Prospect Elementary School
  • Heritage Middle School
  • Rocky Mountain High School

Additional Features

  • 5 Acre Lot
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number R1608650375

Property Details

Property Type

Land

Est. Annual Taxes

$2,744

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 5
  • Ownership: Fee Simple
  • Subdivision Name: Crestwood Sub
  • Attribution Contact: Main: 425-218-1932
  • Special Features: None

Exterior Features

  • Waterfront: No

Utilities

  • Utilities: Electricity Available, Natural Gas Connected

Schools

  • Elementary School: Prospect Elementary
  • High School: Rocky Mountain
  • Middle Or Junior School: Heritage Middle School

Lot Info

  • Lot Features: 5 Acres - 9.9 Acres
  • Parcel Number: R1608650375
  • Current Use: 5+ Units, Condo/Townhouse
  • Lot Size Sq Ft: 217800
  • Zoning Description: RUT

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2744.36

Multi Family

  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $2,231 $806,300 -- --
2024 $2,505 $732,400 -- --
2023 $2,505 $705,800 $0 $0
2022 $2,744 $752,000 $0 $0
2021 $2,600 $570,000 $0 $0
2020 $2,495 $445,500 $0 $0
2019 $3,207 $459,100 $0 $0
2018 $3,025 $399,900 $0 $0
2017 $2,859 $365,200 $0 $0
2016 $2,763 $346,500 $0 $0
2015 $2,912 $328,200 $0 $0
2012 -- $271,800 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2025 04/03/25 For Sale $3,995,000 0.0% --
03/17/2025 03/17/25 Pending -- -- --
12/27/2024 12/27/24 Price Changed $3,995,000 -11.2% --
05/08/2023 05/08/23 For Sale $4,500,000 -- --
Source: Intermountain MLS

Source: Intermountain MLS

MLS Number: 98876542

Intermountain MLS

APN: R1608650375