NOT LISTED FOR SALE
2 Beds
4 Baths
1,170 Sq Ft
8,712 Sq Ft Lot

About This Home

Welcome to Cherry Lane Commons, a newly renovated, hidden-gem in the Boise/Vista area!

Filled with tons of character and charm, our newly renovated apartments include brand new stainless steel kitchen appliances, washers and dryers, bathroom and light fixtures, cabinetry, and brand new flooring. Our 2-bedroom apartments range from 1,147-1,170 sq feet and our 1-bedroom apartments range from 787-827 sq feet, while providing uniquely-designed floor plans that are rare to find in the rental market today!

Potential renter must make 2.5X the monthly rent to qualify for residency.

Cherry Lane Commons is conveniently located just minutes from major freeways (I-84), the Boise Airport, shopping and dining in Downtown Boise, Ann Morrison and other scenic parks, the Valley Regional Transit bus line, and the Boise Greenbelt are also in close proximity.

These won’t last long, so schedule a tour or inquire about these apartments today!

There is a $30.00 application fee per applicant 18 years of age and older. Residents will pay a monthly flat fee for trash, in addition to monthly rent. Water, sewer, Idaho Power, Intermountain Gas, and cable/internet are all paid separately by the resident.

All HomeRiver Group residents are enrolled in the Resident Benefits Package (RBP) for $39.95 month which includes a convenient option for renters insurance, HVAC air filter delivery (for applicable properties), credit building to help boost your credit score with timely rent payments, $1M Identity Protection, move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! More details will be provided upon application.

A refundable security deposit will be due within 24 hours of approval and is equal to one month's rent. An additional deposit may be required depending on qualifying factors.

A one-time non-refundable administration fee of $150 will be due at lease signing. $350 of the security deposit will be a non-refundable charge, and withheld, at the end of the lease for floor cleaning.

Please note that, once approved, we require that residents take possession of the property within 7 days. If the property is not yet available for move-in, we require that the move-in date be set to within 7 days of the expected availability date.

Pet Policy: 2 Pet Max, 50 lb. limit. Pets will be approved on a case by case basis and a pet screening will be completed prior to move in, breed restrictions apply. Fees: $300 non-refundable pet fee per pet, $40 monthly pet rent per pet. We do not charge additional deposits or fees for documented service/companion animals.

Information deemed reliable but not guaranteed. Renter is to verify all information.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2021
Sold by
Pink Dogwood Llc
Bought by
Rh Vi Boise Cl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$428,297
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 3, 2021
Sold by
Melhorn Michael and Melhorn Stephanie
Bought by
Pink Dogwood Llc

Purchase Details

Closed on
Mar 21, 2019
Sold by
Bjm Of Idaho Llc
Bought by
Melhorn Michael and Melhorn Stephanie

Purchase Details

Closed on
Dec 24, 2012
Sold by
H & M Properties Llc
Bought by
Bjm Of Idaho Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 1999
Sold by
Mccracken Dennis and Mccracken Dana
Bought by
H & M Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Rh Vi Boise Cl Llc -- Title One Title
Pink Dogwood Llc -- Accommodation
Melhorn Michael -- Titleone Boise
Bjm Of Idaho Llc -- Pioneer Title Company Of Ada
H & M Properties Llc -- Transnation Title & Escrow I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rh Vi Boise Cl Llc $470,000
Previous Owner Melhorn Michael $485,699
Previous Owner Bjm Of Idaho Llc $262,500
Previous Owner Bjm Of Idaho Llc $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 For Rent $1,550 0.0% --
07/13/2023 07/13/23 For Rent $1,550 0.0% --
06/19/2023 06/19/23 For Rent $1,550 0.0% --
04/20/2023 04/20/23 Price Changed $1,550 -6.1% $2 / Sq Ft
02/28/2023 02/28/23 Price Changed $1,650 -5.7% $2 / Sq Ft
01/31/2023 01/31/23 Price Changed $1,750 +12.9% $2 / Sq Ft
01/25/2023 01/25/23 For Rent $1,550 -- --

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 $8,547 $958,200 -- --
2024 $8,240 $941,000 -- --
2023 $8,331 $871,400 $0 $0
2022 $7,008 $807,100 $0 $0
2021 $6,321 $577,400 $0 $0
2020 $5,218 $439,000 $0 $0
2019 $5,549 $408,500 $0 $0
2018 $5,395 $355,000 $0 $0
2017 $5,464 $341,500 $0 $0
2016 $5,180 $315,900 $0 $0
2015 $4,420 $266,200 $0 $0
2012 -- $211,600 $0 $0
Source: Public Records

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