NOT LISTED FOR SALE

228 E 2nd S Rexburg, ID 83440

Estimated Value: $333,000 - $364,000

7 Beds
3 Baths
2,220 Sq Ft
$155/Sq Ft Est. Value

Last Sold February 16, 2021

Current estimated payment $2,039/month

75 Days on Market

Highlights

  • Multiple Fireplaces
  • No HOA
  • Forced Air Heating System
  • Madison Senior High School Rated A-
  • Property is near schools
  • Ceiling Fan

About This Home

As of February 2021

This building is located a couple blocks from BYUI. There are a total of 3 units but the seller is selling it as a duplex. The upper loft unit is in need of some renovations. The main level and basement unit have been updated in the past couple years with new paint, laminate flooring kitchen cabinets and flooring. Currently the main level is leased at $1050 and the basement is leased at $700, rents could probably be pushed upward once the current contracts are up. Good rental history and could be used as an investment property or it could work good to live owner occupied on the main level and then lease out the other spaces.

Last Agent to Sell the Property

Tony Stallings

Edge Real Estate License #AB28270 Listed on: 11/02/2020

Last Buyer's Agent

Greg Sellers

Keller Williams Realty East Idaho

Keller Williams Realty East Idaho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1920

Lot Details

  • 6,490 Sq Ft Lot
  • Gentle Sloping Lot
  • Many Trees

Parking

  • Open Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Multiple Fireplaces
  • Wall to Wall Carpet
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near schools

Schools

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

Utilities

  • Shared Heating and Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

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

Listing and Financial Details

  • Exclusions: 2 Washers, 2 Dryers, Tenants Personal Property
  • Tenant pays for cable TV
  • The owner pays for electricity, common area maintenance, sewer, gas, insurance, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,436

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Has Basement: Full, Finished
  • Inclusions: 2 Refrigerators, 2 Ranges, 2 Dishwashers, 2 Microwaves
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.149
  • Subdivision Name: Rigby Subdivision-Mad
  • Directions: East on Main St. to 2nd East, South on 2nd East to 2nd South, East on 2nd South to address. South side of street.
  • Above Grade Finished Sq Ft: 1220
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Appliances: Common Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
  • Owner Pays: Electricity, Common Area Maintenance, Sewer, Gas, Insurance, Trash Collection, Water
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1000
  • Fireplace: Yes
  • Flooring: Wall to Wall Carpet
  • Living Area: 2220

Exterior Features

  • Exclusions: 2 Washers, 2 Dryers, Tenants Personal Property
  • Roof: Metal
  • Lot Features: Low Traffic, Near University/College, Near Schools, Established Lawn, Many Trees, Gentle Sloping
  • View: No
  • Construction Type: Brick, Frame
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Open Parking: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air, Common Heat, Fireplace(s)
  • Electric: Separate Power Meters, 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: 6490.44
  • Zoning Description: General Zoning: Rx-Low Den Resid 2,Specific Zoning: Rexburg-Low Density Residen 2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Cable TV, Other

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2436

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

Closed on
Jul 1, 2021
Sold by
Trt Entrprises Llc
Bought by
Taylor Tana Rae
Current Estimated Value
$343,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,900
Outstanding Balance
$194,565
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$149,374

Purchase Details

Closed on
Jun 29, 2021
Sold by
Rae Taylor Tana
Bought by
Trt 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
$214,900
Outstanding Balance
$194,565
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$149,374

Purchase Details

Listed on
Jan 31, 2013
Closed on
Apr 25, 2013
Sold by
Wray Dwight and Wray Jennifer
Bought by
Smith Justin and Smith Wendy
Seller's Agent
Ryan Lerwill
CountryWide Properties Inc.
Buyer's Agent
Connie Longhurst
Keller Williams Realty East Idaho
List Price
$219,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
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
Taylor Tana Rae -- Alliance Ttl Rexburg Office
Trt Properties Llc -- Alliance Title
Smith Justin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Tana Rae $214,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2021 02/16/21 Sold -- -- --
01/16/2021 01/16/21 Pending -- -- --
11/02/2020 11/02/20 For Sale $280,000 +27.9% $126 / Sq Ft
05/17/2013 05/17/13 Sold -- -- -- View Prior Sale
03/22/2013 03/22/13 Pending -- -- --
01/31/2013 01/31/13 For Sale $219,000 -- $99 / 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 $2,842 $287,448 $65,000 $222,448
2024 $2,937 $282,448 $60,000 $222,448
2023 $2,937 $265,599 $50,000 $215,599
2022 $3,173 $251,098 $35,000 $216,098
2021 $2,769 $191,704 $28,000 $163,704
2020 $2,267 $159,634 $28,000 $131,634
2019 $2,436 $143,402 $28,000 $115,402
2018 $2,295 $131,806 $28,000 $103,806
2017 $2,255 $128,678 $28,000 $100,678
2016 $2,194 $128,678 $28,000 $100,678
2015 $1,962 $141,031 $0 $0
2013 -- $114,286 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2133141

Snake River Regional MLS

APN: RPR000R0090150