71 Freeman Ln, Hope, ID 83836

$2,489,000 Asking Price

4 beds
5 baths
3,268  sqft
Built in 2002

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. Currently being used as transitional housing & run by a non-profit with rent calculated as a % of income. Open market rents are substantially higher.

Features & Amenities

Interior

General:
Dryer Hookup - Elec, Gas Fireplace, High Speed Internet, Washer Hookup
Appliances:
Propane Water Heater, Range/Oven - Elec
Basement:
None, Crawl Space
Flooring:
Laminate, Vinyl, Carpet
Heating:
true, Electric, Propane, Forced Air, Baseboard, Fireplace(s), Furnace

Exterior

General:
Covered Patio, Covered Porch, Garden, Paved Parking, Shop Size, Shed(s)

Construction

Roofing:
Metal
General:
Hardboard, Frame, Concrete Perimeter

Location

Road/Access:
Gravel
Originating MLS:
Coeur d'Alene Multiple Listing Service
School District:
Lk Pend Oreille - 84
County:
Bonner

Lot

Zoning:
Recreation, 16-57N-1E TAX 4 LESSTAX 9,15,16 & 18 HWY R/W and 16-57N-1E TAX 18 - SEE ATTACHED EXHIBIT A AND B, RP57N01E166461 & RP57N01E166970
View:
Mountain(s), Neighborhood, View

Utilities

Water:
Shared Well
Sewer:
Community System,SharedSeptic

Financial

Source:
Coeur d'Alene Multiple Listing Service

This listing courtesy of:
Tomlinson Sotheby's International Realty (Idaho)

About Hope, ID

Housing

Number of Units
1,130
Median Home Value
$358,490
Median Rent
$754

14.99% of housing units are renter occupied.

37.04% are vacant.

Commute

Car
80.15%
Public Transportation
0.00%
Walk to Work
0.74%
Work from Home
16.75%
Other
1.82%

The median travel time to work is 29 minutes.

People

Population
1,446
Median Age
54.20
Median Household Size
2.48

Education

High School
18.93%
Associate’s Degree
8.24%
Bachelor’s Degree
25.67%
Graduate Degree
13.53%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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