Seller's Agent in 2024
Gregg Davis
KW Commercial
(208) 739-3175
4 in this area
24 Total Sales
2251 S Pond St Boise, ID 83705
Central Bench NeighborhoodEstimated Value: $762,000 - $2,913,894
8
Beds
6
Baths
14,592
Sq Ft
$130/Sq Ft
Est. Value
Highlights
- 1.06 Acre Lot
- Washer and Dryer
- Partially Fenced Property
- Forced Air Heating and Cooling System
About This Home
As of July 2024The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1,600+ per month and many that were leased near the beginning of the renovations are rented for less than $1,200 giving a buyer the opportunity to quickly raise rents on those that are under market as leases renew without requiring much additional investment from the buyer. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $29,495
Year Built
- Built in 1974
Lot Details
- 1.06 Acre Lot
- Partially Fenced Property
- Wood Fence
Home Design
- 14,592 Sq Ft Home
- Frame Construction
- Stucco
Parking
- 34 Parking Spaces
- Handicap Parking
Schools
- Hillcrest Elementary School
- South Boise Jr Middle School
- Borah High School
Additional Features
- Stove
- Washer and Dryer
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R1580500112, R1580500121, R1580500115, R1580500118
Community Details
Overview
- 16 Units
Building Details
- Operating Expense $84,761
- Gross Income $265,477
- Net Operating Income $180,716
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 19, 2017
Sold by
Forwood Debra D
Bought by
Jacent Properties Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
3.89%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jacent Properties Llc | -- | Nextitle Idaho |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pro Home Investments Llc | $1,675,000 | |
| Closed | Pro Home Investments Llc | $1,675,000 | |
| Closed | Jacent Properties Llc | $937,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2024 07/08/24 | Sold | -- | -- | -- |
| 04/23/2024 04/23/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | For Sale | $3,125,000 | -- | $214 / Sq Ft |
Source: Intermountain MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,374 | $726,500 | -- | -- |
| 2023 | $7,374 | $772,200 | $0 | $0 |
| 2022 | $6,186 | $713,400 | $0 | $0 |
| 2021 | $5,431 | $496,900 | $0 | $0 |
| 2020 | $5,045 | $424,900 | $0 | $0 |
| 2019 | $5,357 | $394,800 | $0 | $0 |
| 2018 | $5,085 | $334,900 | $0 | $0 |
| 2017 | $4,845 | $303,200 | $0 | $0 |
| 2016 | $4,431 | $270,600 | $0 | $0 |
| 2015 | $3,910 | $241,000 | $0 | $0 |
| 2012 | -- | $179,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Matt Bauscher
Amherst Madison
(208) 631-3870
14 in this area
1,042 Total Sales
Map
Source: Intermountain MLS
MLS Number: 98902895
APN: R1580500121
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