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16 Memory Ln, Billings, MT, 59101

1beds
1baths
1,080sqft
$252,500
$234price/sqft
$1,688/moest. monthly cost
$67,520/yrincome needed

About This Home

This would make an affordable single or couple dwelling. It has a new Furnace, New kitchen faucet, New roof, New carport, some new electrical at main feed, New privacy fence on West property line and new shower controls. This is part of an Estate so all offers need to be cognizant that they will need a little time to respond. Being Sold "As Is" and sellers will not do any more at this price. It is located just a couple of blocks from Lockwood School on and home sits on the corner of Memory Lane and Highway 87 East. The home will have to go Cash or New Loan due to peeling paint. Repairs needed include having the gas line to detached garage replaced, Metal trim for fascia needs to be finished, Needs carpet and needs minor electrical wiring completed. Opportunity to hook up to sewer line with application and approval from Lockwood Water and Sewer Department. Broker Denis Cook is a licensed Broker in State of Montana. Dennis Cook has also been named Personal Representative for the Estate. Estate chooses to not do any more repairs at this price!

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

--
Lockwood Primary SchoolGrades PK-20.2 mi
3/10
Lockwood Middle SchoolGrades 6-80.2 mi
--
Lockwood High SchoolGrades 9-120.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1922

Materials

  • Roof: Asphalt
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Electric Range,Oven,Range,Refrigerator,Washer
  • Laundry features: Washer Hookup,Dryer Hookup,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Partial

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas,Wood Burning
  • Fireplace: Yes
  • Finished area above ground: 660

Heating & Cooling

  • Heating features: Forced Air,Gas,Other
  • Cooling features: Window Unit(s)

Interior Area

  • Total interior livable area: 1,080 sqft

Property

Details

  • Parcel number: C06408
  • Zoning description: Residential Manufactured Home

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Fence,Storage,Workshop
  • Fencing: Fenced

Lot

  • Lot size: 10,367 sqft
  • Features: Corner Lot,Level

Parking

  • Total spaces: 4
  • Parking features: Detached,Additional Parking,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Lightning
Hail
Inland Flooding
Strong Wind
Wildfire

FEMA Declared Disasters in Yellowstone County and Montana

Flood
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,276$15,312
Home Insurance $173$2,076
Property Taxes $88$1,056
Electricity $151$1,812
Total$1,688$20,256

Income You'd Need if You Spent...

35% on housing$57,874/yr
40% on housing$50,640/yr
45% on housing$45,013/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 1.3%
1.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.9%
2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 59101$153
Yellowstone County$221

vs Homes Sold Last Month

Median $/sqft

ZIP 59101$194
Yellowstone County$194

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-17Listed for sale$252,500

For Sale by Agent

AgentDennis Cook
BrokerageCrown Realty

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