Extremely rare opportunity to develop over 1 acre of land ON AN ARTERIAL ROAD in central meridian! This tax incentivized opportunity zone location has a remarkable STREET FRONT exposure on Locust Grove; just south of the Franklin intersection. 1.42 Premium, High-Exposure Acres. Currently zoned RUT, choice is yours where to seek new zoning. Future Land Use map indicates MU-C (See cut sheet in Docs for examples). Zoning directly north is R-40; south and west is Light Industrial. NO CC&Rs, NOT annexed into the city. Stubbed for public utilities. 2.5 miles to The Village, 2.3 miles to I-84 on/off ramp, 1.5 miles to downtown Meridian.This property includes a 2552sf home with interior remodeling done in 2021. Also on property is a 20x30 insulated shop. Check docs for more information on incredible Opportunity Zone tax incentives for developers, as well as information on current and FLUM zoning.
Property Details
Property Features
Listing Office:
Office Name: Silvercreek Realty Group
Office Phone: (208) 377-0422
Listing Agent: Lynzey Uechi
Lot Features
Lot Information:
Lot Size: 1.42 Acres
School Info
Assigned Schools Information:
Meridian High School, Public District Grades 9-12
Meridian Middle School, Public District Grades 6-8
Meridian Elementary School, Public District Grades PK-5
Eliza Hart Spalding STEM Academy, Public Magnet Grades PK-5
Other
Directions Information:
Directions: South on Locust grove, passed Franklin intersection, right hand side.
Price Information
Listing Price Info
Price Summary:
List Price: $1,360,000
Tax Information:
Annual Amount: $2,038
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Meridian, ID.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,855
Per Month
Principal & Interest
$6,788
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,144
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Meridian Elementary School
1035 W 1st St
Distance between this listing and this school1.27 miles
Public District Grades PK-5
10
/10
Eliza Hart Spalding STEM Academy
12311 W Braddock Dr
Distance between this listing and this school1.93 miles
Public Magnet Grades PK-5
Middle School
4
/10
Meridian Middle School
1507 W 8th St
Distance between this listing and this school1.75 miles
Public District Grades 6-8
High School
4
/10
Meridian High School
1900 W Pine Ave
Distance between this listing and this school2.16 miles
Public District Grades 9-12
Assigned Schools
5
/10
Meridian Elementary School
1035 W 1st St
Distance between this listing and this school1.27 miles
Public District Grades PK-5
10
/10
Eliza Hart Spalding STEM Academy
12311 W Braddock Dr
Distance between this listing and this school1.93 miles
Public Magnet Grades PK-5
Nearby Schools
9
/10
Chief Joseph School of The Arts
1100 E Chateau Dr
Distance between this listing and this school1.59 miles
Public Magnet Grades PK-5
Assigned Schools
4
/10
Meridian Middle School
1507 W 8th St
Distance between this listing and this school1.75 miles
Public District Grades 6-8
Nearby Schools
6
/10
Lewis & Clark Middle School
4141 E Pine Ave
Distance between this listing and this school1.76 miles
Public District Grades 6-8
10
/10
Siena Elementary School
2870 E Rome Dr
Distance between this listing and this school2.23 miles
Public Magnet Grades PK-7
Assigned Schools
4
/10
Meridian High School
1900 W Pine Ave
Distance between this listing and this school2.16 miles
Public District Grades 9-12
Nearby Schools
10
/10
Renaissance High School
1307 E Central Dr
Distance between this listing and this school0.56 miles
Public Magnet Grades 9-12
4
/10
Mountain View High School
2000 Millenium Way
Distance between this listing and this school1.27 miles
The neighbors living near this home have an average income of $74,280. The majority of Meridian, ID residents have income between $35k-100k annually. Residents typically live in married, with kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 185 S Locust Grove Rd
What is the listing price of this property?
The listing price of 185 S Locust Grove Rd property is $1,360,000.
What type of property is this?
The property 185 S Locust Grove Rd is land located in Meridian, Idaho, 83642.
Is this property for sale now?
Active Listing: 185 S Locust Grove Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 185 S Locust Grove Rd are: Meridian Elementary School: GreatSchools Rating 5/10Eliza Hart Spalding STEM Academy: GreatSchools Rating 10/10Meridian Middle School: GreatSchools Rating 4/10Meridian High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,038 (source: MLS/based on county public records data).
How much acreage is this property?
The property 185 S Locust Grove Rd is 1.42 acres.
Interested in 185 S Locust Grove Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 185 S Locust Grove Rd in Meridian, ID and zip code 83642. This home sits on a 1.42 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $1,360,000.
The inventory of homes for sale in Meridian, ID between February 2024 and March 2024 increased by 0.6%. The median list price of listings available in March 2024 was $424,902, while the average time on the real estate market was 1,276 days.
From Rocket Homes Real Estate and based on county public records data.