NOT LISTED FOR SALE

156 S 3rd E Rexburg, ID 83440

Estimated Value: $352,000 - $470,000

6 Beds
4 Baths
2,400 Sq Ft
$168/Sq Ft Est. Value

Last Sold August 31, 2021

Current estimated payment $2,338/month

3 Days on Market

Highlights

  • Deck
  • Property is near a park
  • No HOA
  • Madison Senior High School Rated A-
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

As of August 2021

There are a lot of possibilities with this recently renovated duplex. In 2017 this property was completely renovated and updated, the original home was moved off the foundation a new foundation was poured and the home was set back on the site and completely gutted and redone. There is a lot of character and charm to the way the home was finished, making it very easy to lease. Currently the owner is leasing out each apartment by the room and covering the utilities. The main level is being leased for a combined rent of $1300 per month and is occupied by 3 tenants. Utilities and access are completely separate for each unit making it easy to put that responsibility on the tenant. The basement is being leased for 870, 1 of the rooms is being left open for the owners that will use it occasionally when they are in town for business. Please take some time to look at the pictures to get a better idea of how the property was finished as well as the layout.

Last Agent to Sell the Property

Tony Stallings

Edge Real Estate License #AB28270 Listed on: 07/26/2021

Last Buyer's Agent

Tony Stallings

Edge Real Estate License #AB28270 Listed on: 07/26/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,082

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 0.28

Home Design

  • Duplex
  • Frame Construction
  • Architectural Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Window Egress

Parking

  • 6 Parking Spaces
  • Open Parking

Location

  • Property is near a park
  • Property is near schools

Schools

  • Lincoln 321El Elementary School
  • Madison 321Jh Middle School
  • Madison 321Hs High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts

Additional Features

  • Deck
  • 0.28 Acre Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Rigby Subdivision Mad

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • The owner pays for electricity, common area maintenance, sewer, gas, snow removal, insurance, trash collection, grounds care, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,082

Year Built

Built in 1940 | Remodeled

Lot Details

0

Listing Details

  • Has Basement: Full, Egress Windows, Exterior Entry, Finished
  • Inclusions: 2 Refrigerators, 2 Ranges, 2 Dishwashers, 2 Microwaves, 2 Washing Machines, 2 Dryers
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.276
  • Subdivision Name: Rigby Subdivision-Mad
  • Directions: Go east on Main St to 3rd E, then south to address.
  • Above Grade Finished Sq Ft: 1200
  • New Construction: No
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Appliances: Separate Water Heaters, Dishwasher, Microwave, Dryer, Washer, Refrigerator
  • Owner Pays: Electricity, Common Area Maintenance, Sewer, Gas, Snow Removal, Insurance, Trash Collection, Grounds Care, Water
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1200
  • Flooring: Hardwood
  • Living Area: 2400

Exterior Features

  • Exclusions: Tenants Personal Property
  • Roof: Architectural, Composition
  • Lot Features: Low Traffic, Near Park, Near University/College, Near Schools
  • View: No
  • Construction Type: Frame, Hardboard/Composition
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Included
  • Cooling: Central Air, Other-See Remarks
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, Separate Heat, Central H/A
  • Electric: Separate Power Meters, 220 Volts, Circuit Breakers, Rocky Mountain Power
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Madison 321JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 12022.56
  • Zoning Description: General Zoning: Rx Low Density Res,Specific Zoning: Rexburg-Low Density Residen 2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2082

Multi Family

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

MLS Schools

  • Elementary School: Lincoln 321EL
  • HighSchool: Madison 321HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Aug 30, 2021
Sold by
Sleight Holt and Sleight Katie
Bought by
Holt Katie Sleight
Seller's Agent
Tony Stallings
Edge Real Estate
Buyer's Agent
Tony Stallings
Edge Real Estate
List Price
$410,000
Current Estimated Value
$402,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.75%
Original Mortgage
$332,000
Outstanding Balance
$301,436
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$101,011

Purchase Details

Listed on
Jul 26, 2021
Closed on
Aug 17, 2021
Sold by
Barney Scott and Barney Savannah
Bought by
Holt Katie Sleight
Seller's Agent
Tony Stallings
Edge Real Estate
Buyer's Agent
Tony Stallings
Edge Real Estate
List Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Outstanding Balance
$301,436
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$101,011

Purchase Details

Closed on
Feb 22, 2021
Sold by
Barney Scott Carlson and Elg Savannah V
Bought by
Barney Scott and Barney Savannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Holt Katie Sleight -- First American Title
Holt Katie Sleight -- First American Title Rexburg
Barney Scott -- Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holt Katie Sleight $332,000
Closed Holt Katie Sleight $332,000
Previous Owner Barney Scott $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2021 08/31/21 Sold -- -- --
07/29/2021 07/29/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $410,000 +28.1% $171 / Sq Ft
03/14/2018 03/14/18 Sold -- -- -- View Prior Sale
01/21/2018 01/21/18 Pending -- -- --
11/15/2017 11/15/17 For Sale $320,000 +236.8% $133 / Sq Ft
03/23/2015 03/23/15 Sold -- -- -- View Prior Sale
03/03/2015 03/03/15 Pending -- -- --
07/31/2014 07/31/14 For Sale $95,000 -- $47 / 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 $2,443 $329,969 $65,000 $264,969
2024 $2,443 $324,969 $60,000 $264,969
2023 $2,443 $306,805 $50,000 $256,805
2022 $2,023 $283,640 $35,000 $248,640
2021 $2,577 $238,771 $28,000 $210,771
2020 $2,082 $204,503 $28,000 $176,503
2019 $2,213 $182,697 $28,000 $154,697
2018 $916 $166,629 $28,000 $138,629
2017 $1,728 $104,660 $28,000 $76,660
2016 $1,728 $102,205 $28,000 $74,205
2015 $792 $128,516 $0 $0
2013 -- $91,198 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2138451

Snake River Regional MLS

APN: RPR000R0083610