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1940 West Malad Avenue

1940 West Malad Avenue, Post Falls, ID 83854
Property in Kootenai
Sold May 20, 2021
$207,500
$166,000 by Academy Mortgage Corp
Mortgage Due Jun 01, 2051
Local assessors in Post Falls, ID have categorized 1940 West Malad Avenue as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 9,104 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1940 West Malad Avenue has a total of 2,371 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 473 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. The home's a gas heating system is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1940 West Malad Avenue sold most recently in May 3, 2021 for a total of $207,500. If you work out the math, that's approximately a cost of $87.52 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,133 in taxes each year. 1940 West Malad Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $594,669. If we break it down further, the land itself was valued at $120,000. Improvements to the property, however, were assessed at a total of $474,669. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 473
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,104
  • Total Building Area: 2,371
  • Building Area: 2,371
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Gas
  • Heated Square Feet: 2,371
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTROSE 11TH ADD
  • Land Acres: 0.209
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MONTROSE 11TH ADD, LT 13 BLOCK 4 3351N05W

Ownership

  • Current Owner : BOYER JOHN M
  • Current Owner 2: KELLEY CASSIE A
  • Previous Owner : SORBONNE HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Post Falls School District 273
  • Census Tract: 000402

Geography

  • Account Number: 341048
  • Parcel: PL3610040130
  • Block: 4
  • Lot: 13
  • Meridian: SEC 33 TWN 51N RNG 05W
  • Latitude: 47.7247
  • Longitude: -116.974

    Address

  • Full Address: 1940 W Malad Ave
  • Address - House Number: 1940
  • Street Direction: W
  • Address - Street Name: Malad
  • Address - Suffix Type: Ave
  • State: ID
  • City Name: Post Falls
  • Carrier Code: R014
  • 4-Digit Zip Code: 8262
  • Zip Code: 83854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,133

    Appraisal Valuation

  • Standard Deviation: 0.2504
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 588,564
  • High Value: 735,966
  • Low Value: 441,163

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,000
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 20, 2021
  • First Open Lien Mortgage Loan Amount: $166,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $594,669
  • Market Land Value: $120,000
  • Market Improvement Value: $474,669

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594,669
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $474,669

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Transaction ID: 11836069092
  • Current Sale Price: $207,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2834659000

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: May 20, 2021
  • First Mortgage Loan Amount: $166,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Post Falls



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Frequently Asked Questions

What neighborhood is 1940 West Malad Avenue located in?
The 1940 West Malad Avenue is a located in the neighborhood of Kootenai in Post Falls, Post Falls.
What is the average sales price for listings in 1940 West Malad Avenue?
The average sales price for units in 1940 West Malad Avenue is $0 currently.

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