NOT LISTED FOR SALE

1009 5th Ave NE Austin, MN 55912

Estimated Value: $110,000 - $148,000

4 Beds
2 Baths
2,244 Sq Ft
$58/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $110,000 $49 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $795/month

10 Days on Market

About This Home

As of March 2024

Excellent income opportunity! This duplex cash flows $13,000 annually. Both units have recently been completely remodeled and are ready to move in. The main floor unit is long term with the upper unit available. Rent both both units out for great income or live in one unit and have your tenant pay for most of the bills! What a great opportunity!

Last Agent to Sell the Property

Aaron Skalicky

Sterling Real Estate Listed on: 02/14/2024

Last Buyer's Agent

Aaron Skalicky

Sterling Real Estate Listed on: 02/14/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $904

Year Built

  • Built in 1892

Lot Details

  • Lot Dimensions are 50x170

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 2,244 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Partial Basement
  • Stone or Rock in Basement

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Railroad Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 346001490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$904

Year Built

Built in 1892

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1892
  • Above Grade Finished Sq Ft: 2244
  • Water Sewer Expenses: 720
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Stone/Rock
  • Living Area: 2244
  • Basement YN: Yes
  • Appliances: Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: None
  • Appliances: Gas Water Heater,Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Composition, Pitched
  • Fencing: None
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 624

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Austin
  • SchoolDistrictNumber: 492
  • SchoolDistrictPhone: 507-460-1900

Lot Info

  • Topography: Level
  • Lot Size: 50x170
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 720.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 346001490
  • Tax Annual Amount: 904
  • TaxWithAssessments: 904.0000

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Mar 15, 2024
Sold by
Capital Home Improvements Llc
Bought by
Mehta Nileshkumar and Garcia Jovita
Seller's Agent
Aaron Skalicky
Sterling Real Estate
Buyer's Agent
Aaron Skalicky
Sterling Real Estate
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%
Views
36
Current Estimated Value
$129,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,856
Avg. Annual Appreciation
11.62%
Original Mortgage
$82,500
Outstanding Balance
$81,523
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$47,198

Purchase Details

Closed on
Apr 26, 2018
Sold by
Vanderwaerdt Gregg
Bought by
Capital Home Improvements

Purchase Details

Closed on
Nov 19, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vanderwaerdt Gregg

Purchase Details

Closed on
Mar 7, 2007
Sold by
Jp Morgan Chase Bank
Bought by
Hauer Corey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,706
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2006
Sold by
Schroeder Irene J
Bought by
Jp Morgan Chase Bank
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mehta Nileshkumar $110,000 --
Capital Home Improvements $30,000 None Available
Vanderwaerdt Gregg -- First American Title
Hauer Corey M $70,784 Commonwealth Land Title Insu
Jp Morgan Chase Bank $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehta Nileshkumar $82,500
Previous Owner Capital Home Investments Llc $63,500
Previous Owner Hauer Corey M $63,706
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $110,000 -8.3% $49 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $119,900 -- $53 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,056 $75,200 $23,000 $52,200
2023 $904 $65,400 $18,900 $46,500
2022 $954 $64,100 $17,600 $46,500
2021 $624 $62,600 $16,200 $46,400
2020 $768 $39,200 $14,600 $24,600
2018 $355 $46,900 $14,600 $32,300
2017 $710 $0 $0 $0
2016 $696 $0 $0 $0
2015 $1,096 $0 $0 $0
2012 $1,096 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6490283

NorthstarMLS

APN: 34-600-1490