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    The Largest CRE Database in the US with Over 1 Million Listings

    690 Swanland Dr Condon, MT 59826

    Sponsored
    For Sale
    $869,000

    MULTI_FAMILY - Other - Condon, MT

    Type:Cabin
    Lot size:
    10.12 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 4 at 9:06 am

    Property Features for 690 Swanland Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Cabin
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement, Laundry Room
    APN
    04299218403030000
    Parking features
    Gated, Garage, Driveway, On Street, Open
    Interior features
    OpenFloorplan
    Exterior features
    Balcony, PropaneTankLeased
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator
    Lot size
    10.12 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Fireplace(s), Baseboard, Electric (Heating), Propane (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Private, Well

    Building Details

    Year built
    1996
    Floors in Building
    2
    Number of units
    2
    Building materials
    Log
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Vickie M Honzel
    Vickie M Honzel

    ERA Lambros Real Estate (406) 532-9200

    Listing agent Vickie M Honzel (406) 531-2605 License #RRE-BRO-LIC-11768

    Listing date Jan 17, 2026

    MLS# 30060451 Listing URL

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Montana Property with Two Log Homes

    This private, well-maintained Montana property features two distinctive log homes situated on over 10 wooded acres on a hilltop in the Swan Valley. The property has no covenants and no homeowners association. The primary residence provides 1594 sq ft of living space across three levels, including a modern kitchen equipped with solid surface countertops and stainless appliances. The main level features rough sawn wood flooring throughout. A large deck off the back offers space for entertaining and outdoor gatherings. The top floor includes the primary bedroom with a newly renovated bath and views of the Swan and Mission Mountains from two decks or through floor-to-ceiling windows. The walkout basement offers space for a second bedroom or an office/craft room and includes a full bathroom, as well as the laundry/mechanical areas. Heating is provided by a free-standing propane stove in the living room, a propane wall heater in the basement, and electric baseboard heating upstairs. The second log home offers 898 sq ft of living space, featuring a main floor bedroom and bathroom, a living room, an eat-in kitchen, and a loft. A wrap-around deck provides outdoor enjoyment. Primary heat is provided by a freestanding wood stove in the living room, with electric baseboard heat for backup. This second home is currently rented for additional income and is being sold furnished. Additional amenities include a 36' x 24' detached garage with a heated workshop area and a large all-season greenhouse. Both homes and the garage are connected to a whole house generator system. The driveway is gated, and the property is fenced. Located at 690 Swanland Drive, the property offers quiet seclusion with easy access to highway 83 and community amenities such as a post office, community hall, library, gas station, and grocery store. Glacier National Park is approximately two hours away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Spa & Massage Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Condon
    County
    Missoula
    State
    Montana
    Longitude
    -113.682778
    Latitude
    47.489381

    Nearby Similar for Sale

    • $1,100,000
      1.66 Acres

      Established Condon Bar and Casino

      Well-appointed bar, casino, and event center with many updates.
      6287 Mt Highway 83, Condon, MT 59826
      View Details

    FAQs

    What type of property is this?
    Single family property - Two well-maintained log homes on 10+ acres in Swan Valley.
    Where is this single family property located?
    The property is located at 690 Swanland Dr Condon, MT.
    What is the asking price?
    The asking price for this property is $869,000.
    What are key features of this property?
    This property features: - Two distinctive log homes on 10+ private, wooded acres with no covenants or HOA.; - Primary residence with mountain views, modern kitchen and renovated bath. Enjoy the large deck!; - Second income-producing log home being sold furnished.
    (406) 531-2605
    Request Owner's contact information
    690 Swanland Dr Condon, MT 59826
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    Condon, MT 59826
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    690 Swanland Dr Condon, MT 59826
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    We can help!
    Listing Contact
    Vickie M Honzel
    Vickie M Honzel
    Real Estate License ID: RRE-BRO-LIC-11768
    (406) 531-2605
    Learn more
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