NOT LISTED FOR SALE

3565 Deloy Dr Idaho Falls, ID 83401

Estimated Value: $725,000 - $826,000

12 Beds
8 Baths
4,544 Sq Ft
$172/Sq Ft Est. Value

Last Sold May 29, 2014

Current estimated payment $4,450/month

720 Days on Market

Highlights

  • RV Access or Parking
  • Forced Air Heating and Cooling System
  • Level Lot
  • No HOA
  • 4 Car Garage
  • Wall to Wall Carpet

About This Home

As of May 2014

GREAT CHANCE FOR AN OWNER-USER TO BUY A NEWER FOUR UNIT BUILDING WITH GREAT TOWN-HOUSE FLOORPLANS AND ATTACHED GARAGE. IN GREAT SHAPE WITH LARGE BACK YARD AND AMPLE ON-SITE PARKING FOR CAMPERS AND BOATS. IDEAL FOR OWNER/INVESTOR. Property has been well maintained by the owner - all water heaters were reportedly replaced with high efficiency units and all units have individual electric and gas meters. Other amenities include a larger kitchen/eating area, W/D hookups and forced air heat & air-conditioning. Tenants pay all gas & electricity costs. Owner pays water, sewer & garbage (approx. $92/mo/unit). Many owners in Ammon and the county areas charge the tenants a utility surcharge to cover a portion of these expenses. Additionally property taxes are lower in the county. This is a must see property. Please call listing agent for showing. Tenants require a 24 hour notice and only one unit is shown until an offer is received. Investment perameters are based on an equalized rent of $725/month per unit and vacancy/expense ratio of 40% ; as follow: Gross rent multiplier (GRM) is 8.6 while the cap rate is 6.96%. Per unit value is $75,000 +/- which is only $66 per square foot. LIVE IN ONE AND HAVE THE OTHER THREE UNITS PAY THE MORTGAGE AND TAXES

Last Agent to Sell the Property

Doug Powell

SVN High Desert Commercial License #SP37708 Listed on: 04/30/2012

SVN High Desert Commercial

Last Buyer's Agent

Sheldon Dance

Keller Williams Realty East Idaho License #AB11157

Keller Williams Realty East Idaho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,873

Year Built

  • Built in 2005

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 125 x 100
  • Level Lot

Parking

  • 4 Car Garage
  • Open Parking
  • Off-Street Parking
  • RV Access or Parking

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,544 Sq Ft Home
  • Wall to Wall Carpet
  • Washer

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms

Schools

  • Iona 93El Elementary School
  • Rocky Mountain 93Jh Middle School
  • Bonneville 93HS High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 4 Units
  • Victor Hanks Bon Subdivision

Listing and Financial Details

  • Exclusions: Owner's And Tenants Personal Property
  • Total Actual Rent $33,360
  • Tenant pays for cable TV, gas, electricity, trash collection
  • The owner pays for insurance, grounds care, sewer, snow removal, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,873

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Has Basement: None
  • Inclusions: 4 Stoves, 4 Refrigerators, 4 Microwaves & 4 Dishwashers
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Lot Size Acres: 0.287
  • Lot Size: 125 x 100
  • Subdivision Name: Victor Hanks-Bon
  • Directions: North at Ammon Road going past Lincoln (go north), right on Deloy (going east). Property is 1/2 block east of Ammon Road on the north side of Deloy.
  • Above Grade Finished Sq Ft: 4544
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Interior Amenities: Other-See Remarks
  • Appliances: Separate Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove, Washer
  • Owner Pays: Insurance, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 12
  • Flooring: Carpet, Wall to Wall Carpet
  • Living Area: 4544

Exterior Features

  • Exclusions: Owner's And Tenants Personal Property
  • Roof: 3 Tab
  • View: None
  • Lot Features: Low Traffic, Established Lawn, Level
  • View: No
  • Construction Type: Frame, Vinyl
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing

Garage/Parking

  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Off Street, RV Access/Parking, Garage
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Hookups
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump, Separate Heat, Central H/A
  • Electric: Separate Power Meters, Fall River Power
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Schools

  • Middle Or Junior School: Rocky Mountain 93JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 12501.72
  • Zoning Description: General Zoning: Res-Multi-Family,Specific Zoning: Idaho Falls-R2-Mixed Res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 3873

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 33360
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Iona 93EL
  • HighSchool: Bonneville 93HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Smith Chandler and Smith Madalyn
Bought by
Smith Madalyn
Current Estimated Value
$781,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,125
Outstanding Balance
$530,520
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$214,480

Purchase Details

Closed on
Jun 3, 2020
Sold by
Barnes Sterling and Barnes Malinda
Bought by
Barnes Sterling N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2005
Sold by
Hancock Gene and Hancock Gene L
Bought by
Grosso David and Grosso Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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
Smith Madalyn -- Amerititle Idaho Falls
Barnes Sterling N -- Amerititle Idaho Falls
Grosso David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Madalyn $571,125
Closed Barnes Sterling N $330,000
Closed Barnes Sterling $214,500
Closed Grosso David $64,000
Closed Grosso David $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2014 05/29/14 Sold -- -- --
04/21/2014 04/21/14 Pending -- -- --
04/30/2012 04/30/12 For Sale $350,000 -- $77 / 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
2024 $3,889 $745,275 $56,313 $688,962
2023 $3,807 $711,272 $56,313 $654,959
2022 $4,063 $648,698 $49,000 $599,698
2021 $4,691 $475,239 $49,000 $426,239
2019 $4,628 $404,566 $36,000 $368,566
2018 $4,248 $402,012 $32,719 $369,293
2017 $3,513 $362,179 $27,250 $334,929
2016 $3,497 $298,880 $27,250 $271,630
2015 $3,278 $283,426 $24,219 $259,207
2014 $69,034 $283,426 $24,219 $259,207
2013 $3,561 $308,261 $24,218 $284,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 180037

Snake River Regional MLS

APN: RPO5263001041O