NOT LISTED FOR SALE

2541 W Malad St Boise, ID 83705

Vista Neighborhood

Estimated Value: $954,000 - $1,011,000

8 Beds
4 Baths
3,920 Sq Ft
$252/Sq Ft Est. Value

Last Sold April 29, 2024

Current estimated payment $6,198/month

103 Days on Market

Highlights

  • 8 Car Detached Garage
  • Property is near a bus stop
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Wood Fence

About This Home

As of April 2024

Attention all investors! Hurry to check out this fantastic investment opportunity! Close to Boise State University, downtown and I84, you can't beat the location. Beyond that, the property is meticulously maintained and not a fixer. New vinyl windows in all units, window blinds, and window A/C units. The exterior and interior paint, sinks, toilets, carpet and fence are only a few years old and in great shape! You will not believe how well cared for everything is. There are garages with openers and keyless entry for tenant ease. The downstairs units have a nice, private fenced grassy area, while the upstairs tenants get a deck to hang out on.

Last Agent to Sell the Property

Dianne Berning

Silvercreek Realty Group Listed on: 12/29/2023

Silvercreek Realty Group

Co-Listed By

Sara Hanigan

Silvercreek Realty Group

Last Buyer's Agent

Hunter Christian

The Agency Boise

The Agency Boise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,739

Year Built

  • Built in 1993

Lot Details

  • 7,841

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 3,920 Sq Ft Home
  • Laminate Flooring
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Car Detached Garage
  • Driveway
  • Open Parking

Schools

  • Hawthorne Elementary School
  • South Boise Jr Middle School
  • Boise High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Wood Fence
  • Property is near a bus stop

Listing and Financial Details

  • Total Actual Rent $5,335
  • Assessor Parcel Number R5254370050

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $5,031
  • Net Operating Income $56,439

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,739

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Year Built: 1993
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Co List Office Mls Id: 10107
  • Co List Office Phone: 208-377-0422
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Heating: Wall Furnace
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Total Bedrooms: 8
  • Flooring: Laminate
  • Living Area: 3920

Exterior Features

  • Roof: Composition
  • Fencing: Wood
  • Construction Type: Frame, HardiPlank Type
  • Foundation Details: Crawl Space

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Detached, Finished Driveway
  • Total Parking Spaces: 8

Utilities

  • Cooling: Wall/Window Unit(s)
  • Electric: 0
  • Water Source: City Service
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Hawthorne
  • Junior High Dist: Boise School District #1
  • High School: Boise
  • Middle Or Junior School: South Boise Jr

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Bus on City Route, Sidewalks
  • Parcel Number: R5254370050
  • Current Use: 2-4 Units
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9739

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 56439
  • Annual Operating Expense: 5031
  • Total Actual Rent: 5335
  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Apr 29, 2024
Sold by
Thom Jay M and Thom Lori A
Bought by
Wide Kiwi Llc
Seller's Agent
Dianne Berning
Silvercreek Realty Group
Buyer's Agent
Hunter Christian
The Agency Boise
List Price
$1,040,000
Views
101
Current Estimated Value
$990,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.22%
Original Mortgage
$710,000
Outstanding Balance
$703,070
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$284,780

Purchase Details

Closed on
Feb 8, 2022
Sold by
Vern Johnston David and Vern Ellen Kathy
Bought by
Thom Jay and Thom Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2012
Sold by
Double J Property Management Llc
Bought by
Johnston David Vern and Johnston Kathy Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,500
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2007
Sold by
Johnston David Vern and Johnston Kathy Ellen
Bought by
Double J Property Management Llc
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
Wide Kiwi Llc -- Fidelity National Title
Thom Jay M -- Fidelity National Title
Thom Jay -- Title One Title
Johnston David Vern -- None Available
Double J Property Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wide Kiwi Llc $710,000
Previous Owner Thom Jay $600,000
Previous Owner Johnston David Vern $149,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold -- -- --
04/10/2024 04/10/24 Pending -- -- --
03/26/2024 03/26/24 Price Changed $999,000 -3.9% $255 / Sq Ft
12/29/2023 12/29/23 For Sale $1,040,000 -- $265 / Sq Ft
Source: Intermountain 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
2024 $9,632 $836,300 -- --
2023 $9,632 $1,018,800 $0 $0
2022 $7,390 $851,200 $0 $0
2021 $6,891 $629,600 $0 $0
2020 $6,319 $531,700 $0 $0
2019 $6,298 $463,700 $0 $0
2018 $5,376 $353,700 $0 $0
2017 $5,154 $322,100 $0 $0
2016 $4,207 $256,500 $0 $0
2015 $3,857 $228,000 $0 $0
2012 -- $182,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dianne Berning

    Seller's Agent in 2024

    Dianne Berning

    Silvercreek Realty Group

    (208) 440-4524

    2 in this area

    61 Total Sales

    Section Image
  • Sara Hanigan

    Seller Co-Listing Agent in 2024

    Sara Hanigan

    Silvercreek Realty Group

    (208) 850-9746

    3 in this area

    54 Total Sales

    Section Image

  • H

    Buyer's Agent in 2024

    Hunter Christian

    The Agency Boise

    (208) 500-1139

    2 in this area

    16 Total Sales

    Section Image
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Map

Source: Intermountain MLS

MLS Number: 98897295

Intermountain MLS

APN: R5254370050

Idaho Ada County Boise 83705 Vista

2541 W Malad St, Boise, ID

This home is located at 2541 W Malad St, Boise, ID 83705 since 29 December 2023 and is currently estimated at $987,333, approximately $251 per square foot. This property was built in 1993. 2541 W Malad St is a home located in Ada County with nearby schools including Hawthorne Elementary School, South Junior High School, and Borah 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.

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Information provided by IMLS is deemed reliable but not guaranteed.

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