NOT LISTED FOR SALE

1054 Villa Ln Detroit Lakes, MN 56501

Estimated Value: $253,000 - $286,000

2 Beds
1 Bath
1,184 Sq Ft
$229/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $282,000 $238 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,651/month

7 Days on Market

Highlights

  • 66 Feet of Waterfront
  • No HOA
  • Eat-In Kitchen
  • Dock Facilities
  • 1 Car Attached Garage
  • 1-Story Property

About This Home

As of April 2024

Available to show Friday 1/26/2024. Picture yourself sitting on the shaded patio watching the sunrise sipping a warm cup of coffee, or sitting on the back deck recapping your day and watching the sunset. Maybe you want to take a stroll on the new walking path on West Lake Drive gazing out at Detroit Lake and finishing it off with a swim in the lake at your shared lake access with dock. All these are possible with this property. Well maintained and full of updates like, new windows & doors, new flooring, new lights, switches & ceiling fans. Remodeled bathroom with new water heater, washer, dryer and water softener. No association fees.

Last Agent to Sell the Property

Eric Lundmark

Counselor Realty Detroit Lakes Listed on: 01/21/2024

Last Buyer's Agent

TJ Buboltz

HomeSmart Adventure Realty

HomeSmart Adventure Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,944

Year Built

  • Built in 1980

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x141
  • 66 Feet of Waterfront

Parking

  • 1 Car Attached Garage

Home Design

  • Property Attached

Interior Spaces

  • 1-Story Property
  • Basement
  • Basement Window Egress

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Dock Facilities
  • Shared Waterfront

Utilities

  • Baseboard Heating
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Bowman Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490932507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,944

Year Built

Built in 1980

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Twin Home
  • Cooling System: Wall Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Dock
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 608
  • Water Body Name: Detroit
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • FoundationDimensions: 24x24
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Egress Window(s)
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Living Area: 1184
  • Fireplace: No
  • Below Grade Finished Sq Ft: 576
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Other Structures: Storage Shed
  • ConstructionMaterialsDesc: Block,Frame
  • PatioPorchType: Deck,Patio
  • Lake Acres: 3089
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 66

Garage/Parking

  • Parking Features: Attached Garage, Asphalt
  • Garage Square Feet: 276
  • ParkingOpen: 2

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Electric
  • Power Company: City of Detroit Lakes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Detroit Lakes
  • SchoolDistrictNumber: 22
  • SchoolDistrictPhone: 218-847-9271

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Lot Size: 50x141
  • Lot Size Sq Ft: 6969.6
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 490932507
  • Tax Annual Amount: 1944
  • TaxWithAssessments: 2024.0000

Multi Family

  • WaterfrontFeatures: Shared

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2024
Closed on
Apr 25, 2024
Sold by
Branden Tracey L
Bought by
Weber Michelle A
Seller's Agent
Eric Lundmark
Counselor Realty Detroit Lakes
Buyer's Agent
TJ Buboltz
HomeSmart Adventure Realty
List Price
$289,000
Sold Price
$282,000
Premium/Discount to List
-$7,000
-2.42%
Views
35
Current Estimated Value
$270,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,447
Avg. Annual Appreciation
-4.25%
Original Mortgage
$225,600
Outstanding Balance
$222,774
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$43,277

Purchase Details

Closed on
Apr 17, 2014
Sold by
Donath Joy J
Bought by
Branden Tracey L

Purchase Details

Closed on
Jul 22, 2005
Sold by
Lundmark Annette L
Bought by
Donath Joy J
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
Weber Michelle A $282,000 Title Team
Branden Tracey L $141,500 Becker County Title Svcs Inc
Donath Joy J $119,500 Minnesota Title & Closing Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weber Michelle A $225,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $282,000 -2.4% $238 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $289,000 -- $244 / 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
2025 $2,122 $238,400 $65,400 $173,000
2024 $2,122 $231,000 $61,900 $169,100
2023 $2,024 $208,900 $61,900 $147,000
2022 $2,074 $196,700 $61,900 $134,800
2021 $1,954 $186,300 $61,900 $124,400
2020 $1,970 $186,300 $61,900 $124,400
2019 $1,752 $186,300 $61,900 $124,400
2018 $1,576 $163,300 $61,900 $101,400
2017 $1,460 $164,300 $66,900 $97,400
2016 $1,326 $146,800 $66,900 $79,900
2015 $1,280 $135,600 $66,900 $68,700
2014 -- $108,300 $41,900 $66,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6479918

NorthstarMLS

APN: R490932507