NOT LISTED FOR SALE

172 E 2nd S Rexburg, ID 83440

Estimated Value: $370,699 - $472,000

5 Beds
2 Baths
2,396 Sq Ft
$170/Sq Ft Est. Value

Last Sold March 31, 2021

Current estimated payment $2,466/month

1 Day on Market

Highlights

  • Deck
  • Attic
  • Storage
  • Madison Senior High School Rated A-
  • No HOA
  • Property is near schools

About This Home

As of March 2021

Investor opportunity! A rare duplex listing in an amazing location near BYU-I campus. Grandfathered duplex use in HDR-2 zoning, both units occupied, 7.3% cap rate. Includes shared laundry with washer and dryer. Five on-site paved parking spaces. Upstairs unit has boiler supplied baseboard heating. Walk to campus and shopping at Hemming Village.

Last Agent to Sell the Property

Aaron Richards

Idaho Agents Real Estate Listed on: 03/13/2021

Last Buyer's Agent

Aaron Richards

Idaho Agents Real Estate Listed on: 03/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,982

Year Built

  • Built in 1917 | Remodeled

Lot Details

  • 6,490 Sq Ft Lot
  • Many Trees
  • Garden

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Storage
  • Attic

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 5 Parking Spaces
  • Open Parking
  • Off-Street Parking

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Property is near schools

Community Details

  • No Home Owners Association
  • 2 Units
  • Parker Addition Mad Subdivision

Listing and Financial Details

  • Exclusions: Tenant's Private Property/Furnishings
  • Total Actual Rent $24,600
  • Tenant pays for cable TV, electricity, snow removal
  • The owner pays for sewer, gas, trash collection, grounds care, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,982

Year Built

Built in 1917 | Remodeled

Lot Details

0

Listing Details

  • Has Basement: Full, Egress Windows, Exterior Entry, Finished
  • Inclusions: Upstairs Unit Includes Kitchen Table & Chairs. Storage Shed In Back Yard. All Appliances Included (Washer/Dryer/2 Refrigerators/Dishwasher/2 Stoves/2 Microwaves/2disposals)
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.149
  • Subdivision Name: Parker Addition-Mad
  • Directions: State Highway 20 to Rexburg Main Street exit, take Main east and turn south on South 2nd East, turn west on East 2nd South, the property is on the left
  • Above Grade Finished Sq Ft: 1198
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Interior Amenities: Attic, Cable TV, Storage, Ceiling Fan(s), Newly Renovated, Separate Storage
  • Appliances: Common Water Heaters, Dishwasher, Microwave, Dryer, Washer, Refrigerator, Oven, Stove
  • Owner Pays: Sewer, Gas, Trash Collection, Grounds Care, Water
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1198
  • Living Area: 2396

Exterior Features

  • Exclusions: Tenant's Private Property/Furnishings
  • Roof: 3 Tab
  • Lot Features: Near University/College, Near Schools, Near Mall/Shop, Garden, Established Lawn, Many Trees, None
  • View: No
  • Construction Type: Brick, Poured, Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Hookups
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Natural Gas, Forced Air, See Remarks
  • Electric: Separate Power Meters, Rocky Mountain Power
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Madison 321JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6490.44
  • Zoning Description: General Zoning: Rx-Hgh Den Resi 2,Specific Zoning: Rexburg-High Density Resid 2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Cable TV, Electricity, Snow Removal

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1982

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 24600
  • 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
Mar 13, 2021
Closed on
Mar 23, 2021
Sold by
Maroon Matthew and Maroon Mary
Bought by
James Kenneth E and James Tracey
Seller's Agent
Aaron Richards
Idaho Agents Real Estate
Buyer's Agent
Aaron Richards
Idaho Agents Real Estate
List Price
$325,000
Current Estimated Value
$406,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%

Purchase Details

Listed on
Sep 5, 2019
Closed on
Nov 21, 2019
Sold by
Brown Charles
Bought by
Maroon Matthew and Maroon Mary
Seller's Agent
Anderson Hicks Group
Keller Williams Realty East Idaho
Buyer's Agent
Melissa Bernard
Keller Williams Realty East Idaho
List Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.21%
Original Mortgage
$198,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2014
Closed on
Apr 10, 2014
Sold by
Brown Jill
Bought by
Brown Charles
Seller's Agent
Shawn Anderson
Keller Williams Realty East Idaho
Buyer's Agent
Jason Grider
Keller Williams Realty East Idaho
List Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%

Purchase Details

Closed on
Dec 18, 2008
Sold by
Larsen Brent F and Larsen Patricia S
Bought by
Hayes Craig W and Hayes Shonda R
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
James Kenneth E -- Amerititle Idaho Falls
Maroon Matthew -- Amerititle Idaho Falls
Brown Charles -- Alliance Title Rexburg Offic
Hayes Craig W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maroon Matthew $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2021 03/31/21 Sold -- -- --
03/14/2021 03/14/21 Pending -- -- --
03/13/2021 03/13/21 For Sale $325,000 +18.2% $136 / Sq Ft
11/26/2019 11/26/19 Sold -- -- -- View Prior Sale
10/28/2019 10/28/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $275,000 +96.4% $122 / Sq Ft
04/15/2014 04/15/14 Sold -- -- -- View Prior Sale
03/19/2014 03/19/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $140,000 -- $62 / 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 $3,758 $371,729 $65,000 $306,729
2024 $3,758 $366,729 $60,000 $306,729
2023 $3,758 $347,262 $50,000 $297,262
2022 $4,039 $322,795 $35,000 $287,795
2021 $4,013 $271,610 $28,000 $243,610
2020 $1,982 $231,912 $28,000 $203,912
2019 $2,407 $138,776 $28,000 $110,776
2018 $2,219 $131,571 $28,000 $103,571
2017 $2,180 $125,752 $28,000 $97,752
2016 $2,120 $125,752 $28,000 $97,752
2015 $1,713 $138,404 $0 $0
2013 -- $100,885 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Aaron Richards

    Idaho Agents Real Estate

    Section Image
  • Anderson Hicks Group

    Seller's Agent in 2019

    Anderson Hicks Group

    Keller Williams Realty East Idaho

    (208) 403-0155

    1,137 Total Sales

    Anderson Hicks Group
    Section Image
  • Teresa Robertson

    Seller Co-Listing Agent in 2019

    Teresa Robertson

    Keller Williams Realty East Idaho

    (208) 406-3163

    175 Total Sales

    Teresa Robertson
    Section Image

  • M

    Buyer's Agent in 2019

    Melissa Bernard

    Keller Williams Realty East Idaho

    (208) 520-5688

    340 Total Sales

    Melissa Bernard
    Section Image

  • S

    Seller's Agent in 2014

    Shawn Anderson

    Keller Williams Realty East Idaho

    (208) 227-5317

    66 Total Sales

    Shawn Anderson
    Section Image

  • J

    Buyer's Agent in 2014

    Jason Grider

    Keller Williams Realty East Idaho

See All Agents

Map

Source: Snake River Regional MLS

MLS Number: 2135055

Snake River Regional MLS

APN: RPR000P0040020

Idaho Madison County Rexburg 83440

172 E 2nd S, Rexburg, ID

This home is located at 172 E 2nd S, Rexburg, ID 83440 since 13 March 2021 and is currently estimated at $406,175, approximately $169 per square foot. This property was built in 1917. 172 E 2nd S is a home located in Madison County with nearby schools including Lincoln Elementary School, Madison Junior High School, and Madison Senior High School.

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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