$400,000

501 E Grove Ave Parma, ID 83660

Estimated payment $2,405/month

Total Views 3,507
3 Beds
3 Baths
1,160 Sq Ft
$345 Price per Sq Ft

Highlights

  • Corner Lot
  • Granite Countertops
  • Forced Air Heating and Cooling System
  • Parma Middle School Rated A-
  • En-Suite Primary Bedroom
  • Property is Fully Fenced

About This Home

Unlock Unrivaled Potential in Parma! This unique property presents a great opportunity for an investor or an owner-occupant ready to build equity and generate income. The main residence spans 1832 sq ft, featuring an unfinished basement (approximately 670 sq ft) that offers a solid foundation for your creative vision and future expansion. While updated about 10 years ago, there's ample room to customize and truly make it your own. Adding significant value is the separate, income-generating 800 sq ft ADU (Accessory Dwelling Unit), currently bringing in a reliable $1200/month in rental income! With two distinct living spaces, this property offers incredible flexibility: you have the powerful option to live in one and rent the other, or maximize your investment by renting both units for substantial cash flow. Don't miss this chance to own a versatile property with significant income potential and room for appreciation in the growing community of Parma. This isn't just a house; it's an investment in your future.

Listing Agent

Tj Eardley

Silvercreek Realty Group Brokerage Phone: 208-377-0422 Listed on: 07/11/2025

Silvercreek Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,900

Year Built

  • Built in 1935

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 140x50
  • Property is Fully Fenced
  • Wire Fence
  • Corner Lot
  • Manual Sprinklers System

Home Design

  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,160 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Parma Elementary School
  • Parma Jr Middle School
  • Parma High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 19434000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,900

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Year Built: 1935
  • Kitchen Level: Main
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Lot Size: 140x50
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Ownership: Fee Simple
  • Subdivision Name: Parma Original
  • Above Grade Finished Sq Ft: 1160
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two Story w/ Below Grade
  • Attribution Contact: 208-377-0422
  • Special Features: None

Interior Features

  • Heating: Forced Air, Natural Gas
  • Room Bedroom2 Level: Upper
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 90
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 169
  • Room Living Room Area: 228
  • Room Bedroom3 Level: Upper
  • Room Kitchen Area: 84
  • Master Bedroom Master Bedroom Width: 10
  • Room Master Bedroom Area: 110
  • Appliances: Electric Water Heater, Dishwasher, Microwave, Oven/Range Freestanding, Refrigerator, Washer, Dryer
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Vinyl Sheet
  • Interior Amenities: Bath-Master, Bed-Master Main Level, Granite Counters, Solid Surface Counters
  • Living Area: 1160
  • Main Level Bedrooms: 1

Exterior Features

  • Roof: Metal
  • Fencing: Full, Wire
  • Construction Type: Frame, Stucco

Utilities

  • Cooling: Central Air
  • Water Source: City Service
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Cable Connected

Schools

  • Elementary School: Parma
  • Junior High Dist: Parma School District #137
  • High School: Parma
  • Middle Or Junior School: Parma Jr

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Corner Lot, Manual Sprinkler System
  • Parcel Number: 19434000
  • Current Use: Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 6969.6

Tax Info

  • Tax Year: 2024

Multi Family

  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,900 $311,200 $87,000 $224,200
2024 $2,900 $298,000 $87,000 $211,000
2023 $2,963 $293,500 $87,000 $206,500
2022 $3,214 $305,450 $92,650 $212,800
2021 $3,410 $228,300 $48,700 $179,600
2020 $2,977 $183,700 $31,500 $152,200
2019 $3,175 $165,300 $29,500 $135,800
2018 $2,991 $0 $0 $0
2017 $2,837 $0 $0 $0
2016 $1,893 $0 $0 $0
2015 $1,639 $0 $0 $0
2014 $1,899 $76,600 $16,500 $60,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $400,000 +709.7% $345 / Sq Ft
01/07/2014 01/07/14 Sold -- -- --
11/26/2013 11/26/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $49,400 -- $43 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- First American Title
Trustee Deed $22,592 Nextitle Washington
Source: Public Records

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Source: Intermountain MLS

MLS Number: 98954345

Intermountain MLS

APN: 1943400000