NOT LISTED FOR SALE

526 E Broadway Ave Meridian, ID 83642

Northeast Meridian Neighborhood

Estimated Value: $738,000 - $835,000

8 Beds
4 Baths
3,360 Sq Ft
$236/Sq Ft Est. Value

Last Sold November 29, 2018

Current estimated payment $4,458/month

48 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • 4-minute walk to Centennial Park
  • Garden
  • Partially Fenced Property

About This Home

As of November 2018

This home is located at 526 E Broadway Ave, Meridian, ID 83642 since 06 September 2018 and is currently estimated at $793,484, approximately $236 per square foot. This property was built in 1972. 526 E Broadway Ave is a home located in Ada County with nearby schools including Meridian Elementary School, Meridian Middle School, and Meridian High School.

Last Agent to Sell the Property

Jeff Stevens

Stevens Realty Listed on: 09/06/2018

Last Buyer's Agent

Jameson Shaw

Aspire Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,578

Year Built

  • Built in 1972

Lot Details

  • Partially Fenced Property
  • Garden

Home Design

  • 3,360 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • Carport

Schools

  • Meridian Elementary School
  • Meridian Middle School
  • Meridian High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Separate Meters

Additional Features

  • Stove
  • Washer and Dryer Hookup

Listing and Financial Details

  • Total Actual Rent $3,495
  • Assessor Parcel Number r2336020095

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $8,178
  • Net Operating Income $32,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,578

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • CapRate: 6.3
  • Ownership: Fee Simple
  • Subdivision Name: Ellis Addition
  • Carport Y N: Yes
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Heating: Baseboard, Electric
  • Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Total Bedrooms: 8
  • Living Area: 3360

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Construction Type: Frame

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 10

Utilities

  • Cooling: Wall/Window Unit(s), All Units
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Water Source: City Service
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Meridian
  • Junior High Dist: West Ada School District
  • High School: Meridian
  • Middle Or Junior School: Meridian Middle

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Garden
  • Parcel Number: r2336020095
  • Current Use: 2-4 Units
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3578

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 32323
  • Annual Operating Expense: 8178
  • Total Actual Rent: 3495
  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2021
Sold by
Erickson Luke
Bought by
Ko Invtesments Llc
Current Estimated Value
$793,484

Purchase Details

Closed on
Jun 17, 2021
Sold by
Erickson Jennifer Christine
Bought by
Erickson Luke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2021
Sold by
Messiha Evan and Messiha Tess M
Bought by
Erickson Luke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 27, 2018
Sold by
Oliver Estates Inc
Bought by
Messiha Evan and Messiha Tess M
Seller's Agent
Jeff Stevens
Stevens Realty
Buyer's Agent
Jameson Shaw
Aspire Realty Group
List Price
$516,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$300,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 20, 2018
Sold by
Ethridge Tim and Ethridge Hong
Bought by
Oliver Estates Inc
Seller's Agent
Jeff Stevens
Stevens Realty
Buyer's Agent
Jameson Shaw
Aspire Realty Group
List Price
$516,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2017
Sold by
Garcia Paul R
Bought by
Thridge Tim and Ethridge Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2016
Sold by
Kuper Llc
Bought by
Garcia Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,747
Interest Rate
3.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ko Invtesments Llc -- None Available
Erickson Luke -- Pioneer Title Co Of Ada Cnty
Erickson Luke -- Pioneer Title Co Of Ada Cnty
Messiha Evan -- Fidelity National Title
Oliver Estates Inc -- Fidelity National Title
Thridge Tim -- Pioneertitleco
Garcia Paul R -- Titleone Boise
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Erickson Luke $355,000
Previous Owner Messiha Evan $300,000
Previous Owner Thridge Tim $292,000
Previous Owner Garcia Paul R $284,747
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2018 11/29/18 Sold -- -- --
10/24/2018 10/24/18 Pending -- -- --
10/12/2018 10/12/18 Price Changed $499,888 -2.5% $149 / Sq Ft
09/28/2018 09/28/18 Price Changed $512,500 -0.7% $153 / Sq Ft
09/06/2018 09/06/18 For Sale $516,000 -- $154 / 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 $3,708 $743,800 -- --
2024 $3,993 $744,800 -- --
2023 $3,993 $742,900 $0 $0
2022 $4,427 $833,900 $0 $0
2021 $4,161 $586,300 $0 $0
2020 $4,002 $480,100 $0 $0
2019 $5,005 $462,800 $0 $0
2018 $4,239 $363,100 $0 $0
2017 $3,578 $290,000 $0 $0
2016 $3,445 $268,500 $0 $0
2015 $2,584 $246,500 $0 $0
2012 -- $164,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Stevens

    Seller's Agent in 2018

    Jeff Stevens

    Stevens Realty

    (208) 853-1048

    1 in this area

    39 Total Sales

    Jeff Stevens
    Section Image
  • Jameson Shaw

    Buyer's Agent in 2018

    Jameson Shaw

    Aspire Realty Group

    (208) 283-7931

    3 in this area

    226 Total Sales

    Jameson Shaw
    Section Image
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Map

Source: Intermountain MLS

MLS Number: 98705957

Intermountain MLS

APN: R2336020095

Idaho Ada County Meridian 83642 Northeast Meridian

526 E Broadway Ave, Meridian, ID

Not Listed for Sale

MultiFamily

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