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611 Cedar St, Wallace, ID 83873

$773,529

Last sold 03/20/2023 for $399K

12
bed
4
bath
6,228
Sqft ($64/Sqft)

House not for sale

About 611 Cedar St

Property type House

Neighborhood

Year built 1913

HOA fee $0/month

Lot size 2,614 Sqft

Movoto estimate

Property description

Once a well-known brothel, this three story brick building on the coveted sunny side of town operates with the second floor functioning as a successful 6 room vacation rental and an anchor retail tenant on the ground floor. The list of renovations and upgrades to this beauty is extensive: 14 new windows, new lighting and updated electrical, fresh paint, and laundry connections on all three floors. The second floor was plumbed for an additional bathroom in 2021. The discovery of the original 1913 tile floor on the ground floor lets its historical charm shine! The third floor adds another 5 bedrooms and full bath to the count. Wallace is nestled between two mountain resorts and at the doorstep of thousands of miles of outdoor recreation trails. City zoning allows for conversion to residential uses for lease or purchase. New roof in 2020.

Listed by

Listing Agent - Sarah Murphy

Listing Office - Local Real Estate

Source: Coeur d Alene Association of Realtors Inc

MLS#23-1661 • last updated 3 years ago

Movoto checked Coeur d Alene Association of Realtors Inc for data 56 minutes ago

Overview
Heating	Natural Gas, Forced Air
MLS #	23-1661
Status	Closed
SubType	Site Built < 2 Acre
SqFt	6228
Lot Size (SqFt)	2613.6
Lot Size (Acres)	0.06
Property Tax	4500
Year Built	1913

Interior
Total # of Bathrooms	4
# Bedrooms	12
Basement	Unfinished
Flooring	Tile, Laminate, Vinyl, Concrete
Appliances	Washer, Refrigerator, Range/Oven - Elec, Dryer, Electric
Interior Features	Dryer Hookup - Elec, Fireplace, High Speed Internet, Washer Hookup

Exterior
Foundation	Concrete Perimeter
Roof	Rubber
Exterior Features	Curbs, Lighting, Paved Parking, Sidewalks
Lot Desc	Level, Southern Exposure, Alley Access

Amenities / Utilities
Sewer/ Septic	Public Sewer
Water Source	Public

Location
View	Mountain(s), River, City
County	Shoshone
Area	12 - Silver Valley
Add'l Parcels Desc	2095
High School District	Wallace - 393
APN	B00500230110A
Zoning	Commercial
Directions	From I90 EB, Exit 62 To Harry F Magnuson Way. Right To 7th St, Right On 7th To Cedar. Must Turn Left. Building On The Right.

Lot/ Land Details
Road Responsibility	Public Maintained Road
Road Surface	Paved

$773K

Range: $696K-$850K

Last 30 days

Lower your payment with the loan terms that fit you.

Mar 2023
MLS # 23-1661
Mar 21, 2023 Pending
—
Mar 13, 2023 Listed
$399,000 (-20.0%)
Oct 2022
MLS # 22-2989
Oct 18, 2022 Price Change
$499,000 (-4.8%)
Sep 4, 2022 Price Change
$524,000 (-4.6%)
Aug 8, 2022 Price Change
$549,000 (-4.5%)
Jul 4, 2022 Price Change
$575,000 (-12.7%)
May 12, 2022 Price Change
$659,000 (-13.2%)
Apr 21, 2022 Listed
$759,000 (+153.8%)
Jul 2021
MLS # 21-4296
Jul 8, 2021 Price Change
$299,000 (-11.8%)
May 13, 2021 Listed
$339,000

Year Property taxes Tax assessment
2024
$4,516 +20.1%

$464,360 +25.41%
2023
$3,760 -37.2%

$370,266 -18.14%
2022
$5,992 +318.7%

$452,335
2021
$1,431 +10.6%

$452,335 +627.05%
2020
$1,294

$62,215

611 Cedar St
$399K
12 - Silver Valley
—
83873
$320K -14% y/y
Wallace
$320K -14% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
615 Cedar St, Wallace, ID 83873	$252,000	—/—	—	0.01
609 Bank St, Wallace, ID 83873	$267,000	—/—	—	0.05
617 Bank St, Wallace, ID 83873	$436,000	1/—	—	0.05
613 Bank St, Wallace, ID 83873	$284,000	—/—	—	0.06
622 Bank St, Wallace, ID 83873	$408,000	—/—	—	0.09
1 Kellys Aly, Wallace, ID 83873	$274,000	2/—	—	0.11
624 Hotel St, Wallace, ID 83873	$218,000	—/—	—	0.12
410 5th St, Wallace, ID 83873	$31,547	—/—	—	0.13

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.