NOT LISTED FOR SALE

405 N 2nd E Mountain Home, ID 83647

Estimated Value: $747,108

7 Beds
8 Baths
4,284 Sq Ft
$174/Sq Ft Est. Value

Last Sold June 16, 2020

Current estimated payment $4,049/month

222 Days on Market

About This Home

As of June 2020

This home is located at 405 N 2nd E, Mountain Home, ID 83647 since 11 September 2019 and is currently priced at $747,108, approximately $174 per square foot. This property was built in 1895. 405 N 2nd E is a home located in Elmore County with nearby schools including East Elementary School, Hacker Middle School, and Mountain Home Junior High School.

Last Agent to Sell the Property

Tag Robison

Homes of Idaho Listed on: 09/11/2019

Last Buyer's Agent

Gregg Davis

KW Commercial

KW Commercial

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,299

Year Built

  • Built in 1895

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 119x81

Parking

  • 6 Parking Spaces

Home Design

  • 4,284 Sq Ft Home
  • Frame Construction
  • Wood Roof
  • Composition Roof

Kitchen

  • Stove

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Schools

  • Mtn Home Elementary And Middle School
  • Mountain Home High School

Utilities

  • Cooling Available
  • Radiant Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $3,087
  • Assessor Parcel Number RPA009000A022AA

Community Details

Overview

  • Property has a Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $15,757
  • Gross Income $32,697
  • Net Operating Income $16,748

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,299

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Year Built: 1895
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: 119x81
  • CapRate: 16.9
  • Ownership: Fee Simple
  • Subdivision Name: Mtn Home Twnst
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour

Interior Features

  • Heating: Radiant
  • Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Total Bedrooms: 7
  • Living Area: 4284

Exterior Features

  • Roof: Composition, Wood
  • Construction Type: Frame

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Cooling: Some Units
  • Electric: 291, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
  • Water Source: City Service
  • Laundry Features: Washer/Dryer Hookups (No Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Condo/Co-op/Association

  • Association: Yes

Schools

  • Elementary School: Mtn Home
  • Junior High Dist: Mountain Home School District #1
  • High School: Mountain Home
  • Middle Or Junior School: Mtn Home

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF
  • Parcel Number: RPA009000A022AA
  • Current Use: 5+ Units, Commercial Retail
  • Lot Size Sq Ft: 9583.2
  • Zoning Description: Commercial General
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2298.84

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 32697
  • Property Net Operating Income: 16748
  • Annual Operating Expense: 15757
  • Total Actual Rent: 3087
  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Jun 15, 2020
Sold by
Tsr Properties Llc
Bought by
Mh Investments Llc
Seller's Agent
Tag Robison
Homes of Idaho
Buyer's Agent
Gregg Davis
KW Commercial
List Price
$215,000
Current Estimated Value
$747,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$132,079
Interest Rate
3.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 22, 2016
Sold by
Pz Properties Llc
Bought by
Tsr Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
3.45%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 25, 2013
Sold by
Gupta Rohan K and Gupta Rupa
Bought by
Pz Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mh Investments Llc -- Empire Title Llc
Tsr Properties Llc -- Pioneer Title Co
Pz Properties Llc -- Pioneer Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mh Investments Llc $150,000
Previous Owner Tsr Properties Llc $114,400
Previous Owner Pz Properties Llc $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2020 06/16/20 Sold -- -- --
04/20/2020 04/20/20 Pending -- -- --
04/11/2020 04/11/20 For Sale $215,000 0.0% $50 / Sq Ft
04/11/2020 04/11/20 Price Changed $215,000 +5.9% $50 / Sq Ft
03/11/2020 03/11/20 Price Changed $203,000 -18.1% $47 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $248,000 0.0% $58 / Sq Ft
10/25/2019 10/25/19 Pending -- -- --
10/22/2019 10/22/19 Price Changed $248,000 -7.1% $58 / Sq Ft
10/13/2019 10/13/19 Price Changed $267,000 -4.3% $62 / Sq Ft
10/01/2019 10/01/19 Price Changed $279,000 -3.5% $65 / Sq Ft
09/20/2019 09/20/19 For Sale $289,000 0.0% $67 / Sq Ft
09/20/2019 09/20/19 Price Changed $289,000 -6.5% $67 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $309,000 -- $72 / 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
2025 $1,710 $103,656 $38,400 $65,256
2024 $1,710 $94,524 $35,200 $59,324
2023 $1,613 $94,524 $35,200 $59,324
2022 $1,635 $94,524 $35,200 $59,324
2021 $1,775 $83,371 $29,440 $53,931
2020 $1,921 $83,371 $29,440 $53,931
2019 $2,135 $83,371 $29,440 $53,931
2018 $2,299 $83,371 $29,440 $53,931
2017 $2,349 $83,371 $29,440 $53,931
2016 $2,352 $83,371 $29,440 $53,931
2015 -- $0 $0 $0
2012 -- $83,331 $29,400 $53,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Intermountain MLS

MLS Number: 98743928

Intermountain MLS

APN: RPA009000A022AA