NOT LISTED FOR SALE

253 W 2nd S Rexburg, ID 83440

Estimated Value: $369,380

0.29 Acre
$1,282,569 Price per Acre
12,545 Sq Ft Lot

Last Sold October 22, 2021

Current estimated payment $2,329/month

714 Days on Market

Highlights

  • Property is near a park
  • Many Trees
  • 2-minute walk to Porter Park
  • Madison Senior High School Rated A-

About This Lot

As of October 2021

Within 2 BLOCKS of BYUI, this property is priced for RE-DEVELOPMENT. Perfect location for new multi-family/student housing directly south of Porter Park. ZONED HDR2, which will allow for a larger apartment complex when purchased with adjacent properties. Seller intends to sell this property simultaneously with separately owned, adjacent properties located at 263 W 2nd S and 271 W 2nd S. For additional information on acceptable use, zoning and seller disclosures, please contact listing agent.

Last Agent to Sell the Property

Beth Hanson

Silvercreek Realty Group License #SP30197 Listed on: 10/15/2019

Silvercreek Realty Group

Last Buyer's Agent

Rory Kunz

Edge Real Estate License #SP40611

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,048

Year Built

  • 1920

Lot Details

  • 0.29 Acre Lot
  • Many Trees

Location

  • Property is near a park
  • Property is near schools

Schools

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

Utilities

  • Gas Available

Community Details

  • Southend Addition Mad Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,048

Year Built

1920

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Lot Size Acres: 0.288
  • Road Surface Type: Paved
  • Subdivision Name: Southend Addition-Mad
  • Directions: From Hwy 33/Main Street Rexburg exit off Hwy 20, head East. Turn right at 3rd West, and left at 2nd South to property.
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Lot Features: Unknown Soil Type, Concrete Curbing, Established Lawn, Many Trees, Near Schools, Near Park, High Traffic, Near University/College

Utilities

  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Electric: Rocky Mountain Power
  • Electricity On Property: No
  • Water Source: Public
  • Gas Company: Available

Condo/Co-op/Association

  • Community Features: Curbs, Gutters In, Sidewalks

Schools

  • Middle Or Junior School: Madison 321JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 12545.28
  • Zoning Description: General Zoning: Rx-Hgh Den Resi 2,Specific Zoning: Rexburg-High Density Resid 2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1048

Multi Family

  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Kennedy 321EL
  • HighSchool: Madison 321HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2019
Closed on
Oct 20, 2021
Sold by
Carter Nina M
Bought by
Fall River Recreational Proper
Seller's Agent
Beth Hanson
Silvercreek Realty Group
Buyer's Agent
Rory Kunz
Edge Real Estate
List Price
$275,000
Sold Price
$387,500
Premium/Discount to List
$112,500
40.91%
Total Days on Market
714
Current Estimated Value
$369,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,120
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
Fall River Recreational Proper -- Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sundance Housing Llc $8,913,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold -- -- --
09/28/2021 09/28/21 Pending -- -- --
10/15/2019 10/15/19 For Sale $275,000 -- $309 / 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
2022 $2,431 $193,447 $35,000 $158,447
2021 $1,285 $171,638 $28,000 $143,638
2020 $628 $144,234 $28,000 $116,234
2019 $724 $129,942 $28,000 $101,942
2018 $972 $113,555 $28,000 $85,555
2017 $983 $111,754 $28,000 $83,754
2016 $933 $109,052 $28,000 $81,052
2015 $846 $98,124 $0 $0
2013 -- $98,124 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2125604

Snake River Regional MLS

APN: RPR00SE0070170