What type of house can $2M get you? This is how far your money can go in Ada County
Housing prices in Boise have been on the rise for quite some time. The city’s housing market was one of the fastest growing in the nation in 2020 and 2021, and it shows little sign of slowing in 2022.
In 2018 the median price of a house in Ada County was $297,500. In February 2022, the median price sits at $549,900, an increase of 85% in just four years. As a result, more and more houses in Ada County have been eclipsing the $2 million mark.
As of Thursday, there were 63 houses listed on Realtor.com that either cost or used to cost at least $2 million in Ada County. They include houses available for sale, pending houses and houses for sale but yet to be built.
If you’re in a low- to middle-income family, you can’t afford those houses. But imagine you wake up in the morning with an extra $2 million in your bank account. Or maybe you are wealthy enough already to have an extra $2 million on hand, or at least enough financial means to swing the mortgage.
Costlier houses are also on the market, including the former Velma Morrison mansion in Boise, which we featured in a separate story. But for $2 million, this is what you can afford in Ada County.
3001 S. Ten Mile Road, Meridian
Located just southwest of Meridian alongside the Calkins Lateral canal, this four-bedroom, three-bathroom property recently saw a price decrease from $2.1 million to $1.9 million after being on the market for just over nine months.
Situated in the countryside, 4.5 miles away from downtown Meridian, the 28-year-old house has occupants and visitors drive up a tree-lined driveway and past a small pond before reaching a three-car garage.
Inside, the 2,525 square-foot-house offers a rustic feel with plenty of wood paneling, floors, pillars and a stone fireplace.
Those looking to view the property can book a tour with listing agent Michelle Bailey of Keller Williams Realty Boise.
4720 N. Curlew Lane, Eagle
Ever wanted to own a home with a large spire in the front and center of the house? Then this location in north Eagle may be your dream home.
Eagle is a hot spot for high-end living, with the average house price for the city’s sole zip code, 83616, sitting at $901,954 in February 2022. The 3,024-square-foot house, priced at $1.95 million, has five bedrooms and 2.5 bathrooms and sits on a 10-acre lot. The property was originally listed for $2.15 million.
“With a full 10 acres of water rights you can bring your horses, grow a vineyard, start a hobby farm or enjoy the low maintenance of the natural habitat,” the listing says. “With a well, septic, propane tanks and solar panels, this home is one step away from being off grid.”
The house is offering an open house from 11 a.m. to 2 p.m. Saturday, March 26, and private tours can be booked through listing agent Melisa Cull of Exp Realty.
1100 E. Riversong Drive, Eagle
Located in the Rivers End subdivision in Eagle, this 5,298-square-foot house is priced at $2.18 million and has been on the market for three weeks.
The inside of the property has five bedrooms and five bathrooms. It features a 120-inch drop-down movie screen and projector in the basement.
The back deck features an 18-by-40 foot pool that backs onto a community pond, which can be accessed directly from the back yard. A second-floor balcony overlooks the pool and the pond.
Tours can be booked with listing agent Joshua Randall of Group One Sotheby’s International Realty.
1179 N. Lionshare Place, Eagle
A new addition to the market and also situated in the residential-heavy area of Eagle, this 3,819-square-foot-house features four bedrooms and 3.5 bathrooms, with the option of turning an additional upstairs room into a fifth bedroom, for $2.2 million.
Built in 2014, it is just one of 25 sites situated in the Lions Gate subdivision. The inside of the house offers a bright and well-lit atmosphere, while the outside features a swimming pool, hot tub, an RV garage and a casita for alternative living quarters off to the side of the house.
“Enjoy open-concept living with light and bright family room open to kitchen with double ovens, built-in fridge, six burner gas cooktop, large island (with) sink and oversized eating area,” the listing says. “Extend your living outside to a large covered patio, extensive concrete pool area and pergola with fireplace.”
You can view the property during an open house from 3 to 6 p.m. Friday, March 25, or from 12 to 3 p.m. Saturday, March 26. Tours can also be arranged with listing agent Heather Ferguson.
2154 E. Solitude Court, Boise
The only house on this list located in Boise, this 5,828-square-foot house is listed at $2.4 million. Built in the East End, it offers hilltop views of the Boise skyline and surrounding Foothills.
The main floor opens up into a spacious living room with a gas fireplace and attached open kitchen, which features a six-burner stove, walk-in pantry and slab granite counter tops.
“The living area with its dramatic gas fireplace and wall of windows creates a remarkable backdrop to delight in the changing seasons,” the listing says. “The upstairs master suite is a treat with his-and-hers closets, separate tub and walk-in shower. Main level office has build in desk and bookcase facing windows to embrace the east-facing Foothills.”
There is an open house on from 1 to 4 p.m. Sunday, March 27, and tours can be scheduled with listing agent Jeanette Kurtz of Windermere Professionals.
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This story was originally published March 25, 2022 at 10:48 AM.
CORRECTION: This story was updated March 28 to correct the percentage increase in the median house value in Ada County from February 2018 to February 2022.
