NOT LISTED FOR SALE

1601 Falcon Dr Ammon, ID 83406

Estimated Value: $3,895,178

52 Beds
26 Baths
24,700 Sq Ft
$158/Sq Ft Est. Value

Last Sold February 19, 2019

Current estimated payment $21,964/month

46 Days on Market

Highlights

  • No HOA
  • Hillcrest High School Rated 9+
  • Forced Air Heating and Cooling System

About This Home

As of February 2019

GREAT INVESTMENT OPPORTUNITY!!! This well maintained 26 unit apartment building has a fantastic location close to medical services, shopping, restaurants and theater. A 55 and older community with many long-standing tenants, rent received is $700/month per unit and currently the property is totally rented out. Each unit has 950 sq ft, 2 bedrooms, 1 bath, open main living area, laundry hook-ups, central air conditioning and gas heat plus covered parking. The buildings have BRAND NEW ROOFS, vinyl siding, vinyl windows and landscaped entrance.

Last Agent to Sell the Property

Anderson Hicks Group

Keller Williams Realty East Idaho Listed on: 10/05/2018

Keller Williams Realty East Idaho

Co-Listed By

Brennan Kurth

Keller Williams Realty East Idaho License #SP47503

Last Buyer's Agent

Randy Trane

Homestead Real Estate License #SP17749

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,765

Year Built

  • Built in 1998

Lot Details

  • 1.46

Home Design

  • 24,700 Sq Ft Home
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Kitchen

  • Oven
  • Microwave

Bedrooms and Bathrooms

  • 52 Bedrooms
  • 26 Full Bathrooms

Parking

  • 26 Parking Spaces
  • Off-Street Parking

Schools

  • Tie Breaker 93El Elementary School
  • Sandcreek 93Jh Middle School
  • Hillcrest 93HS High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • 1.46 Acre Lot

Community Details

  • No Home Owners Association
  • 26 Units
  • Monty Howell Bon Subdivision

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Tenant pays for electricity, gas
  • The owner pays for cable TV, grounds care, trash collection, water, sewer, insurance, snow removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,765

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Has Basement: None
  • Inclusions: Oven/Ranges, Microwaves
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 1.46
  • Co List Office Mls Id: 3046
  • Co List Office Phone: 208-529-8888
  • Subdivision Name: Monty Howell-Bon
  • Directions: From 17th ST & Hitt Rd: east on 17th St, left on Falcon. Units are on the east side of Falcon.
  • Above Grade Finished Sq Ft: 24700
  • New Construction: No
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Interior Amenities: Cable TV
  • Appliances: Separate Water Heaters, Microwave, Oven
  • Owner Pays: Cable TV, Grounds Care, Trash Collection, Water, Sewer, Insurance, Snow Removal
  • Full Bathrooms: 26
  • Total Bedrooms: 52
  • Living Area: 24700

Exterior Features

  • Exclusions: Tenants Personal Property
  • Roof: Composition
  • Lot Features: Near Mall/Shop
  • View: No
  • Construction Type: Frame, Vinyl
  • Foundation Details: Slab
  • Property Condition: Existing

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 26

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Hookups
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas, Separate Heat, Central H/A
  • Electric: Separate Power Meters, Rocky Mountain Power
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Sandcreek 93JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 63597.6
  • Zoning Description: General Zoning: Commercial,Specific Zoning: Ammon-C1-Limited Business Zone
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 22765

Multi Family

  • Number Of Units Total: 26
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Tie Breaker 93EL
  • HighSchool: Hillcrest 93HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Feb 14, 2019
Sold by
Smith Darvin S and Tien Phyllis C
Bought by
Smith D Scott and Tien Phyllis C
Seller's Agent
Anderson Hicks Group
Keller Williams Realty East Idaho
Buyer's Agent
Randy Trane
Homestead Real Estate
List Price
$2,500,000
Current Estimated Value
$3,895,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$1,687,500
Outstanding Balance
$1,483,615
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$2,411,563

Purchase Details

Listed on
Oct 5, 2018
Closed on
Feb 13, 2019
Sold by
Standfield Properties Llc
Bought by
Smith Darvin S and Tien Phyllis C
Seller's Agent
Anderson Hicks Group
Keller Williams Realty East Idaho
Buyer's Agent
Randy Trane
Homestead Real Estate
List Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,687,500
Outstanding Balance
$1,483,615
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$2,411,563

Purchase Details

Closed on
May 26, 2016
Sold by
Standfield Larry and Standfield Marilyn
Bought by
Standfield Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.58%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Smith D Scott -- Alliance Title Idaho Falls O
Smith Darvin S -- Alliance Title & Escrow Corp
Standfield Properties Llc -- Pioneer Title Co Bonneville
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Darvin S $1,687,500
Previous Owner Standfield Properties Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2019 02/19/19 Sold -- -- --
11/20/2018 11/20/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $2,500,000 -- $101 / 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 $19,405 $2,329,169 $381,924 $1,947,245
2024 $17,852 $2,329,169 $381,924 $1,947,245
2023 $16,468 $1,891,955 $381,924 $1,510,031
2022 $17,630 $1,891,955 $381,924 $1,510,031
2021 $19,227 $1,500,000 $381,924 $1,118,076
2019 $22,442 $1,500,000 $381,924 $1,118,076
2018 $22,874 $1,500,000 $381,924 $1,118,076
2017 $22,765 $1,500,000 $381,924 $1,118,076
2016 $16,613 $2,041,006 $381,924 $1,659,082
2015 $16,222 $1,039,211 $222,789 $816,422
2014 $416,947 $1,039,211 $222,789 $816,422
2013 $15,918 $1,039,211 $222,789 $816,422
Source: Public Records

Agents Affiliated with this Home

  • Anderson Hicks Group

    Seller's Agent in 2019

    Anderson Hicks Group

    Keller Williams Realty East Idaho

    (208) 403-0155

    1,103 Total Sales

    Anderson Hicks Group
    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Brennan Kurth

    Keller Williams Realty East Idaho

    (734) 478-6520

    1 Total Sale

    Brennan Kurth
    Section Image

  • R

    Buyer's Agent in 2019

    Randy Trane

    Homestead Real Estate

See All Agents

Map

Source: Snake River Regional MLS

MLS Number: 2118036

Snake River Regional MLS

APN: RPB3062003005A

Idaho Bonneville County Ammon 83406

1601 Falcon Dr, Ammon, ID

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Snake River Regional MLS Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.

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