Home / Will Elfering / ⭐ New Deal- Mer...

⭐ New Deal- Meridian, ID – 0.63 Acres, 2,700sqft 4Bd/2Bth – Great Value-Add Potential

$435,000 • 4 Beds / 2 Baths • 2,722 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 4
Bathrooms 2
Year Built 1971
Approx.SqFt. 2722
Lot size SqFt. 27442
Garage Attached Garage

Description

🔍 Property Overview

A rare opportunity to secure a large 0.63-acre lot inside Meridian city limits with a solid 1971 home that’s livable but ready for updating. This property is ideal for investors, renovators, or buyers looking for a value-add opportunity in a high-demand area.

Located minutes from downtown Meridian, The Village, shopping corridors, and schools, this property offers strong potential for appreciation, remodeling, or redevelopment.

📍 Property Details

Address: 2690 E Franklin Rd, Meridian, ID

Lot Size: 0.63 acres (Ada County Assessor)

Zoning: R-2 (low-density residential)

Home Specs:

4 Bedrooms
2 Bathrooms
2,722 Sq Ft Total
- 1,482 sq ft main level
- 1,240 sq ft basement
528 sq ft attached garage
Built 1971
Brick exterior
Mature trees + established landscaping

Additional Feature:

An existing well is on site (currently inactive) and could be reinstated for irrigation or supplemental use.

🛠 Condition & Opportunities

The home is structurally sound but outdated and ready for a cosmetic renovation. Excellent potential for:

A full interior remodel
Updating kitchen, bathrooms, flooring, and finishes
Opening up the floor plan
Rental with light updating
High-ARV flip
Exploring redevelopment potential (verify with the City of Meridian)

📈 After-Repair Value (ARV)

Based on comparable sales and price-per-square-foot data:

Estimated ARV Range: $625,000 – $675,000

Most Likely ARV: ~$650,000

Strong spread supports both flipping and buy/hold strategies.

🚀 Investment Highlights

Off-market — exclusive opportunity
Large lot inside Meridian city limits
Strong ARV upside
R-2 zoning with multiple possibilities
Existing well on site (inactive but reinstatable)
Flexible exit strategies
High-demand area with strong comps

🗺 Location Advantages

Minutes to The Village at Meridian
Close to shopping, dining, and entertainment
Fast access to I-84, Eagle Rd, and downtown Meridian
Established residential area
Strong resale and rental demand
Large lots are increasingly rare in this part of the Treasure Valley

📷 Photos & Reports

Interior & exterior photos
Lot dimensions / layout
Downloadable Reports:
- Assessor Report (PDF)
- Comparable Sales Summary
- Rehab Budget

📝 Legal & Disclaimers

Buyer to verify all information.
Property sold AS-IS.
ARV estimates are opinions only and should be independently confirmed.
Seller/assignor makes no warranties expressed or implied.

Estimated Spread

ARV $650,000
Price $435,000
Spread $215,000

DOCS

File Name	Size
Comps Report_2690 E Franklin Rd (1).pdf	38kb	Download
Rehab Proforma_Franklin Rd.pdf	38kb	Download

Will Elfering

Phone (208) 789-7894

Email will@boisehomeoffers.com

Make an Offer Buy now for $435,000

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