NOT LISTED FOR SALE

371 S 3rd W Rigby, ID 83442

Estimated Value: $363,000

16 Beds
8 Baths
6,176 Sq Ft
$59/Sq Ft Est. Value

Last Sold March 14, 2017

Current estimated payment $2,170/month

Highlights

  • No HOA
  • Heating unit installed on the ceiling
  • Wood Siding

About This Home

As of March 2017

Awesome investment opportunity on TWO fourplexes in Rigby! 8 units total with great rental history and maintenance care! Zero vacancy in 2016 with many long term renters, that speaks for itself. 2 Bedroom, 1 bath units complete with refrigerators, dishwashers, oven/ranges, garbage disposals and laundry hook ups. Perfect location, only 10 minutes from Rexburg and Idaho Falls. Plenty of parking available with a paved lot, full landscaping and automatic sprinkler system. Many updates including but not limited to: metal roof, newer style appliances, tile floors and updated carpeting. Storage shed is included, currently houses lawn equipment.

Last Agent to Sell the Property

Dakri Bernard

Keller Williams Realty East Idaho License #SP36362 Listed on: 01/19/2017

Keller Williams Realty East Idaho

Last Buyer's Agent

Ryan Webster

Keller Williams Realty East Idaho License #SP30269

Keller Williams Realty East Idaho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,998

Year Built

  • Built in 1978

Lot Details

  • 0.55 Acre Lot
  • Sprinkler System

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Natural lighting in basement
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Parking

  • Open Parking
  • Off-Street Parking

Schools

  • Jefferson Elementary #251
  • Rigby Middle School
  • Rigby 251Hs High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Exclusions: Tenant's Personal Property
  • Total Actual Rent $525
  • Tenant pays for cable TV, gas, electricity, sewer, trash collection
  • The owner pays for common area maintenance, insurance, grounds care, snow removal, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,998

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Has Basement: Daylight
  • Inclusions: Dishwasher, Garbage Disposal, Stove/Oven, Refrigerator In Every Unit.
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.55
  • Subdivision Name: None
  • Directions: From Hwy 20 take exit 320. Head west on 2nd S. Take 2nd to Lemmon Lane
  • Above Grade Finished Sq Ft: 3088
  • New Construction: No
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Appliances: Separate Water Heaters, Dishwasher, Refrigerator, Oven
  • Owner Pays: Common Area Maintenance, Insurance, Grounds Care, Snow Removal, Water
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Below Grade Sq Ft: 3088
  • Living Area: 6176

Exterior Features

  • Exclusions: Tenant's Personal Property
  • Roof: Metal
  • Lot Features: Low Traffic, Established Lawn, Sprinkler-Auto, Sprinkler System-Full
  • View: No
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Hookups
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ceiling, Separate Heat
  • Electric: Separate Power Meters, Rocky Mountain Power
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Rigby Middle School

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 23958
  • Zoning Description: General Zoning: Res-Multi-Family,Specific Zoning: Rigby-R2-Residential-Multi Fam
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 6998

Multi Family

  • Number Of Units Total: 8
  • Total Actual Rent: 525
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Jefferson Elementary #251
  • HighSchool: Rigby 251HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2018
Sold by
Farmer Robert J and Farmer Linda E
Bought by
Lowder Jed and Lowder Vicki
Current Estimated Value
$363,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$150,287
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$212,713

Purchase Details

Listed on
Jan 19, 2017
Closed on
Mar 13, 2017
Sold by
D Paul Enterprises Llc
Bought by
Farmer Robert R and Farmer Linda E
Seller's Agent
Dakri Bernard
Keller Williams Realty East Idaho
Buyer's Agent
Ryan Webster
Keller Williams Realty East Idaho
List Price
$418,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.85%
Original Mortgage
$159,750
Interest Rate
4.19%
Mortgage Type
New Conventional
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
Lowder Jed -- Alliance Title Rexburg Offic
Farmer Robert R -- Amerititle Idaho Falls
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lowder Jed $175,000
Previous Owner Farmer Robert R $159,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2017 03/14/17 Sold -- -- --
01/20/2017 01/20/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $418,000 -- $68 / 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 $2,956 $277,200 $0 $0
2023 $2,956 $264,000 $0 $0
2022 $3,449 $252,000 $0 $0
2021 $4,223 $240,000 $0 $0
2020 $4,466 $293,749 $0 $0
2019 $5,084 $264,829 $0 $0
2018 $4,604 $220,238 $0 $0
2017 $3,596 $160,896 $0 $0
2016 $3,518 $155,758 $0 $0
2015 $3,428 $144,594 $0 $0
2014 $3,222 $135,223 $0 $0
2013 -- $135,262 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2105099

Snake River Regional MLS

APN: RPA00000193460