NOT LISTED FOR SALE

Estimated Value: $447,000 - $454,000

10 Beds
6 Baths
4,188 Sq Ft
$108/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $280,000 $67 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,025/month

21 Days on Market

Highlights

  • Property is near public transit
  • Vaulted Ceiling
  • Corner Lot
  • Washington Elementary School Rated 9+
  • Wood Flooring
  • 3-minute walk to Washington Park

About This Home

As of May 2016

Great investment property! 4 Plex in mint condition, good rental history. 4,788 square feet of living space. 10 bedrooms, 6 bathrooms, main floor has attached garage. Coin operated laundry for additional income. Gross rents are $4,360 a month. All units are furnished.

Last Agent to Sell the Property

Jon Kietzer

LANDMARK REAL ESTATE Listed on: 03/18/2016

Last Buyer's Agent

John Ries

RE/MAX DYNAMIC AGENTS

RE/MAX DYNAMIC AGENTS

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot
  • Landscaped with Trees

Parking

  • 1 Car Attached Garage
  • 3 Parking Spaces Included
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,188 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Stone Basement

Location

  • Ground Level
  • Lower Level
  • Property is near public transit

Utilities

  • Central Air
  • Boiler Heating System
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Coin Laundry
  • Gross Income $52,320

Listing and Financial Details

  • The owner pays for electric, fuel, lawn, maint/repair, snow, trash, water/sewer
  • Month-to-Month Lease Term
  • Assessor Parcel Number R01.09.18.204.005

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1650
  • L V T Date: 03/22/2016
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.18.204.005
  • Rental License: Yes
  • Stories: 3 Story
  • Street Designation: Street
  • Percentage Of Ownership: 100
  • Estimated Number of Acres: 0.15
  • Zoning: R2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Appliances: Dishwasher, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 10
  • Total Bathrooms: 6
  • Basement Features: Finished, Walkout
  • Basement Material: Stone
  • Basement Style: Partial, Walk-out
  • Finished Above Grade Sq Ft: 4188
  • Total Square Footage: 4788
  • Below Grade Finished Sq Ft: 600

Exterior Features

  • Frontage Road: City, Paved, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Brick
  • Roof: Asphalt Shingles, Flat
  • Exterior Amenities: Driveway - Concrete

Garage/Parking

  • Garage Type: Attached
  • Number Garage Spaces: 1
  • Number Off Street Parking: 3

Utilities

  • Heat: Boiler
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned

Lot Info

  • Lot/Land Description: Corner Lot, Landscaped, Pub. Trans (w/in 6 blks), Tree Coverage - Medium, Paved Streets
  • Estimated Lot Dimensions: 6741

Rental Info

  • Owner Expense: Electric, Fuel, Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Type of Tenancy: One Year Lease, Month to Month

Multi Family

  • Est Annual Gross Expense: 15827.94
  • Est Annual Gross Income: 52320

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2016
Closed on
May 20, 2016
Sold by
Woehrle Stephen L and Peterson Avis M
Bought by
Wu Xuanhui and He Yu
Seller's Agent
Jon Kietzer
LANDMARK REAL ESTATE
Buyer's Agent
John Ries
RE/MAX DYNAMIC AGENTS
List Price
$299,500
Sold Price
$280,000
Premium/Discount to List
-$19,500
-6.51%
Current Estimated Value
$451,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,708
Avg. Annual Appreciation
5.03%
Original Mortgage
$214,625
Outstanding Balance
$170,466
Interest Rate
3.59%
Mortgage Type
Commercial
Estimated Equity
$281,242
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wu Xuanhui $280,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Xuanhui $214,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2016 05/20/16 Sold $280,000 -6.5% $67 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $299,500 -- $72 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2025 $8,372 $395,100 $27,700 $367,400
2024 $8,372 $408,500 $27,700 $380,800
2023 $8,098 $408,500 $27,700 $380,800
2022 $7,846 $377,400 $27,700 $349,700
2021 $5,714 $331,700 $27,700 $304,000
2020 $5,700 $300,200 $27,700 $272,500
2019 $5,378 $300,200 $27,700 $272,500
2018 $4,180 $278,600 $27,700 $250,900
2017 $3,396 $271,100 $20,200 $250,900
2016 $3,388 $228,800 $20,200 $208,600
2015 $36 $228,800 $20,200 $208,600
2014 $3,864 $229,000 $20,200 $208,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7010922

REALTOR® Association of Southern Minnesota

APN: R01-09-18-204-005

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