415 1ST, Preston, ID 83263
6BD/—BA Residential in Preston, ID 83263. 3,988 sqft. Built 1973. Listed at $550,000. MLS #2146310.
1 / 69
Great Deal (vs Market)
Vineyard Orchard
Near Park
Investor Special
6
Bedrooms
4
Bathrooms
3,988
Sq Ft
1973
Year Built
67
Days on Market
Fireplace
Horse Property
About This Property
Spacious and full of potential, this 3,988 sq ft home built in 1973 sits on a rare 1.55-acre in-town lot in Preston. Offering 6 bedrooms and 3.5 bathrooms, the property provides flexible living arrangements with room to adapt to a variety of needs. Recent improvements include fresh interior paint and several updates completed by the current owners, creating a solid foundation for further customization. The property features a 2-car garage, a fully landscaped yard, and a separate fenced area well-suited for animals, along with mature trees and established fruit trees that add character and seasonal enjoyment. A private back deck extends from the owner's suite, providing a quiet outdoor retreat. The basement layout offers potential for an accessory dwelling unit (ADU) or additional living space, presenting an opportunity for multi-functional use. With its combination of acreage, location, and versatility, this property is a unique opportunity to create your ideal space while enjoying the benefits of in-town living.
Features & Amenities
Bath: Sep. Tub/Shower
Kitchen: Second
Kitchen: Updated
Range/Oven: Free Stdng.
Horse Property
Out Buildings
Property Info
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Franklin
Zoning
Single-Family
Construction
Asphalt
Lot Size
1.55 sq ft
Above Grade Area
1,994 sq ft
Condition
Blt./Standing
MLS #
2146310
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Franklin
Zoning
Single-Family
Construction
Asphalt
Lot Size
1.55 sq ft
Above Grade Area
1,994 sq ft
Condition
Blt./Standing
MLS #
2146310
Financial
List Price
$550,000
Original Price
$600,000
Annual Taxes
$2,557
Home Warranty
No
List Price
$550,000
Original Price
$600,000
Annual Taxes
$2,557
Home Warranty
No
Mortgage Calculator~$3,137/mo
Structure & Systems
Heating
Electric,Gas: Stove
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Full
Materials
Asphalt
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric,Gas: Stove
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Full
Materials
Asphalt
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Parking
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Lifestyle
Deal Analysis
Why this is a deal
Below Market Median92
Motivated Seller68
Hot Market100
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Similar Homes
13% above
vs Market Median
27% below
Price Reduced
8.3%
Area Growth (YoY)
16.0%
Deal Score Breakdown
100/100 · 3 qualifying signals
Deal Score Breakdown
100/100 · 3 qualifying signals
Hot Market
100 / 100Dominant
16.0% year-over-year ZHVI growth in this area
Below Market Median
92 / 100Priced 27% below the per-subtype city median
Motivated Seller
68 / 1008% price reduction from original list — seller may be motivated
Pays for Itself
10 / 100STR net cashflow -$666/mo (-17.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Below Similar Homes
10 / 100Priced 13% above the median of similar listings
Best signal100
Multi-signal bonus (2 × 5)+10
Composite100/100
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
- •Priced 27% below market value
- •16.0% year-over-year market appreciation
- •8% price reduction from original list
- •67.0 days on market — potential negotiation opportunity
Investment Potential
Short-Term Rental
Low potential
Est. Annual Revenue
$52,590/yr
$356/night · 44% occupancy · $101/bedroom · $0.20/sqft
Net Monthly Cash Flow
−$667 /mo (−$8,002/yr)
Net Monthly Cash Flow
−$667 /mo (−$8,002/yr)
Monthly STR income
Gross revenue$4,383
Management (−13%)−$570
Cleaning (−8%)−$351
Platform fee (−5%)−$219
Supplies (−2%)−$88
STR-specific wear (−2%)−$88
Net STR income$3,067
Monthly ownership cost
Mortgage (P&I)−$2,787
Property Tax−$213
Insurance (est.)−$275
Maintenance (est. 1%)−$458
Total−$3,733
Net monthly cash flow−$667
Estimate by sqft$50,325
Estimate by bedroom$56,180
Blended: weighted geometric mean
Coverage
117%
Net /mo
−$666
DSCR
1.10
Recreation NearbyScore: 60/100
Amenities NearbyScore: 94/100
Area Median
$425,000
+29% vs median
Avg Days on Market
99 days
Active Listings
52
Price Range
$190,000 – $1,499,000
Annual Taxes
$2,557
RD
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