5150 W Cherry Ln, Meridian, ID 83642

--beds

--baths

4.9Acres

Unimproved Land

Built in ----

4.9 Acres Lot

$922,400 Zestimate^®

$--/sqft

$-- HOA

What's special

Flat land

Calling all builders and land bankers! Here is a great piece of flat land, right in the path of development! It is now county land, but adjacent to Meridian and eligible to be annexed to the city. In Meridian's future land use plan, it is zoned medium density residential. The home on the property is currently leased with monthly rent of $ 2425/month. The tenants would like to stay. Please do not enter property or disturb tenants. Drive by only. Access to property and home with accepted offer. The home is 2780 square feet, with 5 bedrooms and 3 baths, according to public records. It was originally built in 1895 (!), but had a lot of work done to it in 1999, and was updated again in 2020, with new paint, new carpets, and updates to the kitchen and one bath.

39 days

138

3

Facts & features

Interior

Features

Has basement: No

Property

Lot

Size: 4.9 Acres
Features: 1 Acre - 4.99 Acres, Irrigation

Details

Parcel number: S1204438700
Zoning: RUT

Utilities & green energy

Electric: Installed
Utilities for property: Natural Gas Not Available

Community & HOA

Location

Region: Meridian

Financial & listing details

Tax assessed value: $666,300
Annual tax amount: $2,178
Date on market: 7/15/2026
Ownership: Fee Simple
Road surface type: Paved

Estimated market value

$922,400

$793,000 - $1.08M

$3,008/mo

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2025	$2,252 +0.7%	$666,300 +8.7%
2024	$2,235 -2.9%	$613,000 +18.3%
2023	$2,301 +5%	$518,300 -1.4%
2022	$2,191 +5.9%	$525,700 +40.2%
2021	$2,068 -9.8%	$375,000 +30.9%
2020	$2,293 +2.8%	$286,400 +11.6%
2019	$2,229 +1.9%	$256,700 +16.2%
2018	$2,188 +95.3%	$221,000 +8.9%
2017	$1,121	$203,000 -0.6%
2016	$1,121	$204,200 +2.1%
2015	$1,121 -10.7%	$200,000 +0.5%
2012	$1,254 -46.9%	$199,000 -0.8%
2011	$2,362 -3.4%	$200,600 -6.2%
2010	$2,445	$213,800 -34.7%
2009	--	$327,200 +16.5%
2007	--	$280,900 +31.7%
2006	--	$213,300 +17.3%
2003	--	$181,800 +1.1%
2002	--	$179,800 +6.8%
2001	$727	$168,400