71 Freeman Ln, Hope, ID 83836
$2,489,000
Property Type:
MultiFamily
Square Footage:
7,620
Lot Size (sq. ft.):
226,076
Status:
Active
Current Price:
$2,489,000
List Date:
8/05/2023
Last Modified:
2/16/2024
Description
With the prospect of a property subdivision, this gem in Hope, Idaho, is your gateway to profit and success. 5 idyllic homes on 5 sprawling acres. The flexibility of Recreational Zoning makes this an extremely rare opportunity to achieve economies of scale. Main home is 3168 sq ft |4 bed, 4.5 bath w/ensuite baths in all 4 rooms. 3 single family homes are 1260 sq ft each |3 bed, 2 bath. The cabin is 672 sq ft |2 bed, 1 bath. Extensive summer and winter recreation, along with a public beach and boat launch right across the street and boundless National Forest adventures up the road, make this a prime spot for a private long- or short-term rental community, vacation retreat, or boutique bed and breakfast. Situated just a short drive from Sandpoint, Schweitzer Mountain Ski Resort, and The Idaho Club Golf Course, this location offers unparalleled recreational opportunities and is a haven for both leisure and investment.
Supplements: Currently being used as transitional housing & run by a non-profit with rent calculated as a % of income. Open market rents are substantially higher.
More Information MLS# 23-7354
Contract Information
Status: Active
Listing Type: Multi Family
Area: North (Bonner & Boundary)
Neighborhood Grid #: 440
Begin Date: 2023-08-05
List Price: $2,489,000
Non-Agent Compensation: 1
Non-Agent Compensation Type: %
Buyer Agency Compensation: 2.5
Buyer Agency Compensation Type: %
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 5
2 BR units: 1
3 BR units: 3
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 7620
SqFt. 1: 3168
SqFt. 2: 1260
SqFt. 3: 672
ESTIMATED SqFt Source: Builder Plans
SqFt Per: Bldg
Year Built: 2002
Remodeled: No
New Construction: No
Lot Acres: 5.19
Lot Type 1: Recreation
Legal and Taxes
Legal: 16-57N-1E TAX 4 LESS TAX 9,15,16 & 18 HWY R/W and 16-57N-1E TAX 18 - SEE ATTACHED EXHIBIT A AND B
AIN/Tax Bill: 12588 & 12589
Parcel Number: RP57N01E166461 & RP587N01E166970
School District: Lk Pend Oreille - 84
Zoning: Recreation
Directions: From Sandpoint head East on SH-200 for approx 12 miles. Turn left on Freeman Lane. (1st left past Trestle Creek Rd.). All 5 houses are accessed from Freeman Lane.
Tax Year: 2022
Taxes Reflect 1: Exempt
Subdivision: N/A
Remarks
Public Remarks: With the prospect of a property subdivision, this gem in Hope, Idaho, is your gateway to profit and success. 5 idyllic homes on 5 sprawling acres. The flexibility of Recreational Zoning makes this an extremely rare opportunity to achieve economies of scale. Main home is 3168 sq ft |4 bed, 4.5 bath w/ensuite baths in all 4 rooms. 3 single family homes are 1260 sq ft each |3 bed, 2 bath. The cabin is 672 sq ft |2 bed, 1 bath. Extensive summer and winter recreation, along with a public beach and boat launch right across the street and boundless National Forest adventures up the road, make this a prime spot for a private long- or short-term rental community, vacation retreat, or boutique bed and breakfast. Situated just a short drive from Sandpoint, Schweitzer Mountain Ski Resort, and The Idaho Club Golf Course, this location offers unparalleled recreational opportunities and is a haven for both leisure and investment.
Address
Street Number: 71
Street Name: Freeman
Street Suffix: Ln
State/Province: ID
Postal Code: 83836
County: Bonner
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: Yes
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Fire Protection Name: Sam Owen Fire
Miscellaneous
Sec: 16
Twn: 57N
Rng: 01
Rng Dir: EBM
Utilities Paid By
Cable: Tenant
Electric: Tenant
Garbage: Landlord
Gas: Tenant
Exterior
Other: Hardboard
Water
Est GPM: 50
Number of Homes: 5
Number of Homes on Well: 5
Sewer
Number of Homes: 5
Property Features
View: Mountain(s)
Lot Features: Cul-De-Sac; Level; Open; Wooded
Interior Features: Gas Fireplace
Exterior Features: Covered Patio; Covered Porch; Garden; Handicap Access; RV Parking - Open
Fuel: Electric; Propane
Heating: Baseboard; Fireplace; Forced Air; Furnace
Other Structures: Shed(s); Workshop
Basement: None
Foundation: Concrete
Construction: Frame
Roof: Metal
Road: Gravel; Public Maintained Road
Water: Community Well
Sewer: Shared Septic
Terms Considered: 1031 Exchange; Cash; Conventional; Idaho Housing Agency
Showing Instructions: Call List Agent
Documents
Well Report ›
Area Map ›Listing Office: Tomlinson Sotheby's International Realty (Idaho)
Last Updated: February - 16 - 2024
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