4 months on rocket

3050 Morgan Grove Ln, Meridian, ID, 83646

$2,600,000

11.44 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
MLS #98896948
Lot Size11.44 Acres
StatusActive

About 3050 Morgan Grove Ln

Owner Financing available. Prime development site located near the corner of Black Cat and Ustick in Meridian, this expansive 11.44-acre site promises unparalleled potential. Positioned contiguous to city limits, the pathway to annexation is notably accessible and aligns with Meridian's Comprehensive Plan which indicates Mixed Use zoning in the future. This versatile zoning offers an array of future possibilities, from multi-family, single-family, office/retail, and storage. Moreover, the expansion of Hwy 16 further elevates the appeal of this property with plans for an interchange at the corner of Ustick and McDermott. Therefore, establishing this area as a crucial thoroughfare; enhancing connectivity to the freeway and subsequently increasing the site's future value. The property's current leasing status provides a remarkable opportunity for land banking as well.

Property Details

Property Features

Listing Office:

  • Office Name: exp Realty, LLC
  • Office Phone: (208) 890-7776
  • Listing Agent: Will Elfering

Lot Features

Lot Information:

  • Lot Size: 11.44 Acres

School Info

Assigned Schools Information:

  • Meridian High School, Public District Grades 9-12
  • Meridian Middle School, Public District Grades 6-8
  • Ponderosa Elementary School, Public District Grades PK-5
  • Barbara Morgan STEM Academy, Public District Grades KG-5

Other

Directions Information:

  • Directions: N. Black Cat Rd, W. Ustick Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,600,000
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Housing Market Comparison

See how this home compares to others in Meridian, ID.

Med. List Price

$424.9K

Med. Price/SqFt

$207

Avg. Days On Market

1276

3050 Morgan Grove Ln vs Meridian

131 DAYS ON ROCKET

-1145 Days

$2,600,000

+$2.1M More

KEY TAKEAWAY

This property is $2.1M more than the Median List Price in Meridian, ID.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: IMLS 2
  • MLS Number: #98896948

Listing Office:

  • Office Name: exp Realty, LLC
  • Office Phone: (208) 890-7776
  • Listing Agent: Will Elfering

IDXListings with this icon are © 2024 of InterMountain MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 1:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$13K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,861

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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

school-card-donut-3136844
6
/10
  • Ponderosa Elementary School

  • 2950 N Naomi Ave

  • 1.03 miles

  • Public District Grades PK-5

school-card-donut-3136845
9
/10
  • Barbara Morgan STEM Academy

  • 1825 W Chateau Dr

  • 2.42 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3136846
4
/10
  • Meridian Middle School

  • 1507 W 8th St

  • 3.10 miles

  • Public District Grades 6-8

High School

school-card-donut-3136847
4
/10
  • Meridian High School

  • 1900 W Pine Ave

  • 2.65 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,299. Most Meridian, ID residents have annual incomes between $35k-100k. The most common type of family is married, no kids. 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 3050 Morgan Grove Ln

What is the listing price of this property?

The listing price of 3050 Morgan Grove Ln property is $2,600,000.

What type of property is this?

The property 3050 Morgan Grove Ln is land located in Meridian, Idaho, 83646.

Is this property for sale now?

Active Listing: 3050 Morgan Grove Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3050 Morgan Grove Ln are:
Ponderosa Elementary School: GreatSchools Rating 6/10
Barbara Morgan STEM Academy: GreatSchools Rating 9/10
Meridian Middle School: GreatSchools Rating 4/10
Meridian High School: GreatSchools Rating 4/10

How much acreage is this property?

The property 3050 Morgan Grove Ln is 11.44 acres.
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Rocket HomesIdahoAda CountyMeridian836463050 Morgan Grove Ln

This home is located at 3050 Morgan Grove Ln in Meridian, ID and zip code 83646. This home sits on a 11.44 acre lot. It has been listed on Rocket Homes since December 20, 2023 and is currently priced at $2,600,000.

The inventory of homes for sale in Meridian, ID between February 2024 and March 2024 increased by 0.6%. Listings spent 1,276 days on the market in March 2024, and had a median list price of $424,902 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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