Seller's Agent in 2024
Nicole Strobel
eXp Realty
(651) 269-4388
6 in this area
112 Total Sales
109 W 6th St Red Wing, MN 55066
Estimated Value: $206,000 - $235,000
5
Beds
3
Baths
1,822
Sq Ft
$121/Sq Ft
Est. Value
Highlights
- Porch
- Baseboard Heating
- Many Trees
About This Home
As of October 2024Investment Opportunity in Red Wing! Unlock the potential of this well-located triplex, a rare find with great income-generating possibilities. Currently, two units are leased, providing immediate cash flow, while the third unit is vacant and ready for your personal touch. This property offers a fantastic canvas for value-add improvements. Pet-friendly, this triplex appeals to a wide range of tenants, enhancing its rental appeal. Don't miss out on the chance to capitalize on this promising property in the charming town of Red Wing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,100
Year Built
- Built in 1880
Lot Details
- Lot Dimensions are 60x143
- Many Trees
Parking
- On-Street Parking
Home Design
- Triplex
- Vinyl Siding
Interior Spaces
- 1,822 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Partial Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Additional Features
- Porch
- Baseboard Heating
Community Details
- 3 Units
- City/Red Wing Subdivision
Listing and Financial Details
- Assessor Parcel Number 550050980
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2024
Closed on
Oct 15, 2024
Sold by
Furlong Brian R
Bought by
Pinna Phoenix
Seller's Agent
Nicole Strobel
eXp Realty
Buyer's Agent
John McFadden
Real Broker, LLC
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%
Views
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75
Avg. Annual Appreciation
-0.03%
Original Mortgage
$209,000
Outstanding Balance
$206,803
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$13,122
Purchase Details
Listed on
Apr 25, 2023
Closed on
May 15, 2023
Sold by
Viking Home Buyers Llc
Bought by
Furlong Brian
Seller's Agent
Paul Tharp
Coldwell Banker Realty
Buyer's Agent
Kariin Berkland
Property Executives Realty
List Price
$175,000
Sold Price
$175,000
Views
66
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%
Purchase Details
Closed on
Sep 7, 2022
Sold by
Alabama 2 Llc
Bought by
Viking Home Buyers Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.22%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 22, 2021
Sold by
Spuhler Kevin L
Bought by
Alabama 2 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 16, 2000
Sold by
Beckman Richard M and Beckman Sandra Daly
Bought by
Spuhler Kevin L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pinna Phoenix | $220,000 | Knight Barry Title | |
| Furlong Brian | $175,000 | -- | |
| Viking Home Buyers Llc | $150,000 | -- | |
| Alabama 2 Llc | $80,000 | West Title Llc | |
| Spuhler Kevin L | $98,000 | -- | |
| Beckman Richard M | $40,000 | -- | |
| -- | $80,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pinna Phoenix | $209,000 | |
| Previous Owner | Viking Home Buyers Llc | $130,000 | |
| Previous Owner | Alabama 2 Llc | $80,000 | |
| Closed | -- | $70,795 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2024 10/15/24 | Sold | $220,000 | -2.2% | $121 / Sq Ft | |
| 08/22/2024 08/22/24 | Price Changed | $225,000 | -6.3% | $123 / Sq Ft | |
| 07/22/2024 07/22/24 | For Sale | $240,000 | +37.1% | $132 / Sq Ft | |
| 05/15/2023 05/15/23 | Sold | $175,000 | 0.0% | $96 / Sq Ft | View Prior Sale |
| 05/05/2023 05/05/23 | Pending | -- | -- | -- | |
| 04/25/2023 04/25/23 | For Sale | $175,000 | -- | $96 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $2,408 | $205,700 | $33,000 | $172,700 |
| 2024 | -- | $202,300 | $33,000 | $169,300 |
| 2023 | $3,100 | $189,800 | $33,000 | $156,800 |
| 2022 | $2,916 | $188,600 | $33,000 | $155,600 |
| 2021 | $2,694 | $160,900 | $33,000 | $127,900 |
| 2020 | $2,738 | $151,000 | $33,000 | $118,000 |
| 2019 | $2,662 | $143,400 | $33,000 | $110,400 |
| 2018 | $2,228 | $141,000 | $30,000 | $111,000 |
| 2017 | $2,162 | $123,300 | $30,000 | $93,300 |
| 2016 | $1,990 | $121,200 | $30,000 | $91,200 |
| 2015 | $1,996 | $116,800 | $30,000 | $86,800 |
| 2014 | -- | $112,000 | $30,000 | $82,000 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Strobel
-
John McFadden
J
Buyer's Agent in 2024
John McFadden
Real Broker, LLC
(612) 384-9701
2 in this area
12 Total Sales
-
Paul Tharp
Seller's Agent in 2023
Paul Tharp
Coldwell Banker Burnet
(612) 355-0456
1 in this area
76 Total Sales
-
Kariin Berkland
Buyer's Agent in 2023
Kariin Berkland
Property Executives Realty
(612) 600-9534
3 in this area
32 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6568883
APN: 55.005.0980
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