Check Availability
Bozeman 59718
1242 Thomas Drive
$1,200,000
↓ $395K (24.8%)
Land - For Sale

1242 Thomas Drive

Bozeman, MT 59718
bedrooms
Studio
bathrooms
2 Baths
square feet
1864 Sqft
$1,200,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

This is a .91 acre lot (R-4 Zoning) in the city of Bozeman with a 20 unit condo project (Addison Place Condos) approved and ready to build.  This "shovel ready" project is set for a builder or investor to purchase and start construction.  It is perfectly located close to dining, shopping, and large employers.  All plans and approvals for the Addison Place Condos will convey to a buyer.  This is an outstanding development opportunity to build and sell individual condos or a single 20-unit investment property for residential rentals.  Additional information and plans available upon request.

The manager has listed the unit size as 1864 square feet.
Unit Size
1,864Ft²
Days on Market
272 days
Land Size
0.91 acres
Price per sqft
$644
Property Type
Land
Property Taxes
$77
HOA Dues
-
Year Built
1976

Listed By

Jim Applebee
Bozeman Real Estate Group
Last updated: 8 months ago (GARMT #386806)

Price History

Date / Event Date Event Price
Nov 2, 2023 Price Decreased $1,200,000
↓ $395K (24.8%)
Price Decreased
Sep 14, 2023 Listed by Bozeman Real Estate Group $1,595,000
Listed by Bozeman Real Estate Group
Sep 3, 2023 No longer available -
No longer available
Aug 22, 2023 Relisted $1,595,000
Relisted
Jun 24, 2023 In contract -
In contract
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1985
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Mobile home
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 39,640
  • Total Building Area: 1,864
  • Building Area: 1,864
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,864
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BAXTER LANE SUB 1
  • Land Acres: 0.91
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: BAXTER LANE SUB 1, S35, T01 S, R05 E, LOT 4, ACRES 0.91, LOUIS ANNEX TO BOZEMAN PLAT H-15

Ownership

  • Current Owner : SBS LLC
  • Previous Owner : DYPEX INC
  • Owner Before Previous Owner: LOUIS WILLIAM
  • Owner Before Previous Owner 2: LOUIS MARDIE
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bozeman High School District
  • Census Tract: 000507

Zoning

  • Zoning: 1

Geography

  • Account Number: 000RFG8613
  • Parcel: 06-0904-35-3-01-04-0000
  • Lot: 4
  • Meridian: SEC 35 TWN 01S RNG 05E
  • Municipality: GALLATIN COUNTY/UNINCORPORATED
  • Latitude: 45.7027
  • Longitude: -111.073

    Address

  • Full Address: 1242 Thomas Dr
  • Address - House Number: 1242
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: MT
  • City Name: Bozeman
  • Carrier Code: R012
  • 4-Digit Zip Code: 8564
  • Zip Code: 59718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,105
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 035008

    Appraisal Valuation

  • Standard Deviation: 0.213
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 1,037,757
  • High Value: 1,258,858
  • Low Value: 816,656

    Market Valuation

  • Market Total Value: $637,349
  • Market Land Value: $622,979
  • Market Improvement Value: $14,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $637,349

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Aug 25, 2020
  • Current Sale Transaction ID: 11784010420
  • Current Sale Price: $445,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2696825
  • Previous Sale Recording Date: Dec 09, 2016
  • Previous Sale Contract Date: Dec 09, 2016
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MONTANA BANK INC
  • First Mortgage Transaction Date: Aug 25, 2020
  • First Mortgage Loan Amount: $356,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bozeman


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Frequently Asked Questions

When was property at 1242 Thomas Drive built and last sold?
The property at 1242 Thomas Drive was built in 1976 and last sold on Aug 24, 2020 for $445,000.
How much is this home worth?
The estimated value of the home located at 1242 Thomas Drive is $1,610,950.
What are some comparable homes to 1242 Thomas Drive?
There are currently no comparable homes to 1242 Thomas Drive.

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