$287,000
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5 Acres Lot
SOLD DATE : 01/10/2024
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision 0 Not Applic.
MLS Listing ID 98885698
Sold Date 01/10/24
HOA Y/N No
Originating Board IMLS 2
Annual Tax Amount $935
Tax Year 2022
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Unimproved Land
Property Description
The best part about this property is the variety of things you could do with it! If you have the means to develop 5 acres into 17 city lots, this property will pay for itself and more! You can always build the home you've dreamed of! Since these 5 acres are in town, you have access to city water and sewer, and you get to enjoy all the benefits of living in a small town. It's close to school friends, but you've got some elbow room too. You'll have privacy, freedom to build some outbuildings, and even raise some animals. Now, maybe 5 acres is a little more than you need, or maybe you just want to recoup some cost. You could divide your 5 acres in half and sell ~2.5 to a friend or family member. Then, you can build whatever you want AND be close to someone you enjoy. Finally, these 5 acres can potentially be divided into 17 in-town lots. If you're looking for an investment, you could feasibly sell each lot for $50,000+, which comes to $850,000 gross. Minus your cost of the lot and the cost to develop.
Location
State ID
County Latah
Area Latah County - 2075
Direction N on Jackson St, L on Genesee Avenue, Take the first right.
Interior
Fireplace No
Exterior
Community Features Single Family, 2-4 Units
Utilities Available Natural Gas Not Available, Phone Connected, Cable Connected, Electricity Connected, Overhead, Sewer Connected
Street Surface Paved
Building
Lot Description 5 Acres - 9.9 Acres, Irrigation
Faces N on Jackson St, L on Genesee Avenue, Take the first right.
Water City Service
New Construction No
Others
Tax ID RPG13100000090A
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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