5519 W Grover St
- Price$424,000
- Beds / Baths3 / 1
- Sqft1,273
- Lot0.26 ac
- Built1948
- HOANone
- Avg drive14 min
- School zoneBoise
Drive times 14 min avg
- Illya's house 13 min 6.2 mi
- Jay & Debby's house 18 min 6.3 mi
- Boise High School 8 min 4.2 mi
- Idaho Fine Arts Academy 15 min 8.1 mi
Driving estimates via OSRM (free-flow, no traffic) — routes drawn on the map above. Average across 4 landmarks.
Valuation & tax history
| Year | Assessed value | Property tax |
|---|---|---|
| 2026 | $399,900 | — |
| 2025 | $393,200 | $2,471.90 |
| 2024 | $368,400 | $2,208.68 |
| 2023 | $362,800 | $2,270.84 |
| 2022 | $405,700 | $2,433.88 |
| 2021 | $318,000 | $2,109.38 |
| 2020 | $255,800 | $1,849.74 |
Idaho has no cap on assessment increases — assessed value (and therefore tax) drifts up year over year. Budget for the drift.
Run June 19, 2026 · rate 6.5% (Freddie 6.47% 6/18, Bankrate 6.48% 6/19/2026) · cash fund $105k
Price update (verified 2026-07-01): list is now $424,000 (was $420,000 — a $4k INCREASE). The affordability math below was computed at the prior ask; the payment and the already-thin cash cushion both tighten slightly — re-run the eval to refresh it.
Listing facts (Zillow, For Sale By Owner)
- ~$333/sqft (at the $424,000 list)
- FSBO · large corner lot, double-car garage (rare for area), RV/boat storage, newer vinyl windows, recently remodeled, gas heat. 32 photos.
County record — Ada County Assessor (the truth)
- List price is ~$24,100 (6%) OVER assessed value — modest premium, reasonable.
Exemption already applied. 2025 bill $2,471.90 ≈ ($393,200 − $125k) × 0.92% — i.e. the homeowner’s exemption is in force (consistent with a resident owner). Eric inherits roughly this bill (~$2,470/yr ≈ ~$206/mo), no extra savings to capture. Still FILE FOR THE EXEMPTION in your own name after closing — it does not transfer with the sale.
Affordability — VERDICT: FITS (cash is the tight constraint)
Assumptions: 6.5% 30-yr fixed, 20% down (no PMI), effective levy 0.92%, $125k exemption applied, ins ~$110/mo.
20% down (no PMI)
- 20% down = $84,000 → loan $336,000
- P&I at 6.5%: ~$2,124/mo
- Property tax (exemption applied): ~$206/mo
- Insurance: ~$110/mo · HOA $0 · PMI $0
- All-in: ~$2,439/mo → ~$61/mo UNDER the $2,500 target. ✓ (over the old $2,000 ceiling)
Cash: $84,000 down + ~$12,600 closing (3%) ≈ $96,600 — inside the $105k fund, leaving ~$8.4k. Thin cushion but positive.
Flags
- 3 bd / 1 ba, built 1948 — single bath is a livability/resale limiter; a pre-1950 house needs a hard inspection (electrical, plumbing supply lines, foundation, sewer scope). The remodel + double garage help.
- FSBO — no listing-agent diligence; vet disclosures and comps yourself, and the “recently remodeled” claim (permitted? cosmetic vs. systems?).
- Cash cushion only ~$8.4k after 20% down + closing (at the prior $420k ask; the $4k price bump tightens it further) — the binding constraint here, not the payment.
- Priced ~6% over assessed — modest, not alarming.
Bottom line
A real contender on payment (~$2,439/mo, just under $2,500, computed at the prior $420k ask) but it leans on cash: ~$96.6k of the $105k fund went in at that price, leaving only ~$8.4k — and the seller has since raised the list to $424,000, which tightens both numbers a touch (re-run the eval). The house is a 1948 3/1 at ~$333/sqft, priced ~6% over the county’s $399,900. Inspect the 1948 systems hard and verify the remodel scope; if it checks out, it fits — just with a slim cash margin.