NOT LISTED FOR SALE

263 W 2nd S Rexburg, ID 83440

Estimated Value: $346,399

0.28 Acre
$1,219,715 Price per Acre
12,371 Sq Ft Lot

Last Sold October 22, 2021

Current estimated payment $2,283/month

715 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 253 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: 10/14/2019

Silvercreek Realty Group

Last Buyer's Agent

Rory Kunz

Edge Real Estate License #SP40611

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,037

Year Built

  • 1960

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 230 x 54
  • 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

$1,037

Year Built

1960

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Lot Size Acres: 0.284
  • Lot Size: 230 x 54
  • 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: 1960

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: 12371.04
  • Zoning Description: General Zoning: Rx High Density Re,Specific Zoning: Rexburg-High Density Resid 2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1037

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

Closed on
Aug 1, 2022
Sold by
Sundance Housing Llc
Bought by
Sundance Housing Llc
Total Days on Market
715
Current Estimated Value
$346,399

Purchase Details

Listed on
Oct 14, 2019
Closed on
Oct 21, 2021
Sold by
Fall River Recreational Properties Llc
Bought by
Sundance Housing Llc
Seller's Agent
Beth Hanson
Silvercreek Realty Group
Buyer's Agent
Rory Kunz
Edge Real Estate
List Price
$275,000
Sold Price
$400,000
Premium/Discount to List
$125,000
45.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,913,000
Interest Rate
3.11%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 14, 2019
Closed on
Oct 20, 2021
Sold by
Matkin Rodney D and Matkin Debbie 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
$400,000
Premium/Discount to List
$125,000
45.45%
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
Sundance Housing Llc -- Alliance Title
Sundance Housing Llc -- Accommodation/Courtesy Recordi
Fall River Recreational Proper -- Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 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 -- -- --
10/14/2019 10/14/19 For Sale $275,000 -- $311 / 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 $2,488 $198,062 $35,000 $163,062
2021 $1,273 $169,974 $28,000 $141,974
2020 $1,037 $142,887 $28,000 $114,887
2019 $1,057 $128,589 $28,000 $100,589
2018 $983 $114,941 $28,000 $86,941
2017 $994 $113,111 $28,000 $85,111
2016 $944 $110,366 $28,000 $82,366
2015 $921 $107,099 $0 $0
2013 -- $107,099 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2125603

Snake River Regional MLS

APN: RPR00SE0070190