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2602 South Groom Way

2602 South Groom Way, Meridian, ID 83642
House in Ada
Sold May 21, 2021
$565,000
$452,000 by Idaho Central Cu
Mortgage Due Jun 01, 2051
Sold Oct 20, 2017
$375,900
$300,700 by Idaho Central Cu
Mortgage Due Nov 01, 2047
Local assessors in Meridian, ID have categorized 2602 South Groom Way as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 7,362 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bi-level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2602 South Groom Way has a total of 2,303 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 695 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is unknown. The building has a roof that is made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2602 South Groom Way sold most recently in May 19, 2021 for a total of $565,000. If you work out the math, that's approximately a cost of $188.46 per sqft. Before that, the property was also sold for $375,900 in Oct 13, 2017. 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 $1,889 in taxes each year. 2602 South Groom Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $476,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Exterior

Stone Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Bi-level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 695
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,362
  • Total Building Area: 2,998
  • Gross Building Area: 2,998
  • Building Area: 2,303
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,303
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SUTHERLAND FARM SUB NO 03
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 07 BLK 12 SUTHERLAND FARM SUB NO 03

Ownership

  • Current Owner : WHITE BRAD MICHAEL
  • Current Owner 2: SCHROEDER ANNA MICHELLE
  • Previous Owner : SWENSON ANDREW
  • Previous Owner 2: SWENSON BROCKE
  • Owner Before Previous Owner: LEBERMAN ADAM J
  • Owner Before Previous Owner 2: LEBERMAN AMY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Meridian Joint School District 2
  • Census Tract: 010343

Zoning

  • Zoning: R-4

Geography

  • Parcel: R8230040360
  • Block: 12
  • Lot: 07
  • Meridian: SEC 21 TWN 03N RNG 01E
  • Latitude: 43.5812
  • Longitude: -116.348

    Address

  • Full Address: 2602 S Groom Way
  • Address - House Number: 2602
  • Street Direction: S
  • Address - Street Name: Groom
  • Address - Suffix Type: Way
  • State: ID
  • City Name: Meridian
  • Carrier Code: R019
  • 4-Digit Zip Code: 5857
  • Zip Code: 83642

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,889
  • Tax Rate Code Area: 03

    Appraisal Valuation

  • Standard Deviation: 0.2297
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 620,904
  • High Value: 763,566
  • Low Value: 478,242

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $452,000
  • First Open Lien Mortgage Lender: IDAHO CENTRAL CU
  • First Open Lien Mortgage Recording Date: May 21, 2021
  • First Open Lien Mortgage Loan Amount: $452,000
  • 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: $476,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $476,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 19, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11836031462
  • Current Sale Price: $565,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-079973
  • Previous Sale Recording Date: Oct 20, 2017
  • Previous Sale Contract Date: Oct 13, 2017
  • Previous Sale Amount: $375,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IDAHO CENTRAL CU
  • First Mortgage Transaction Date: May 21, 2021
  • First Mortgage Loan Amount: $452,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: IDAHO CENTRAL CU
  • Previous Mortgage Transaction Date: Oct 20, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $300,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2047

About Meridian



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Frequently Asked Questions

What neighborhood is 2602 South Groom Way located in?
The 2602 South Groom Way is a house located in the neighborhood of Ada in Meridian, Meridian.
What is the average sales price for listings in 2602 South Groom Way?
The average sales price for units in 2602 South Groom Way is $0 currently.

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