NOT LISTED FOR SALE

116 116 Sw First St Unit 116 1st St SW Madelia, MN 56062

Estimated Value: $115,000 - $134,000

4 Beds
2 Baths
1,656 Sq Ft
$77/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $50,000 $30 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $767/month

82 Days on Market

Highlights

  • Formal Dining Room
  • Porch
  • Landscaped with Trees
  • 1 Car Detached Garage
  • Wheelchair Access
  • Bathroom on Main Level

About This Home

As of January 2023

This 5 bed, 2 bath has ADA features, including a wheelchair ramp, large door frames, main floor laundry and floating counter tops. This property needs some TLC but could be a great return on investment or flip/rental property. Located in the heart of Madelia and close distance to downtown.

Last Agent to Sell the Property

Kelsey Forbes

TRUE REAL ESTATE License #40717910 Listed on: 09/30/2022

TRUE REAL ESTATE

Last Buyer's Agent

PATRICK HRUBY

REALTY EXECUTIVES ASSOCIATES License #20287859

REALTY EXECUTIVES ASSOCIATES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $805

Year Built

  • Built in 1890

Lot Details

  • 8,712 Sq Ft Lot
  • Landscaped with Trees

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 1,656 Sq Ft Home
  • Ceiling Fan
  • Formal Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Built-In Oven
  • Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Unfinished Basement

  • Block Basement Construction
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • Wheelchair Access
  • Porch

Listing and Financial Details

  • Assessor Parcel Number 172780790

Home Details

Home Type

Single Family

Est. Annual Taxes

$805

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Ada Features: Fully Wheelchair
  • Amenities: Ceiling Fans, Washer/Dryer Hookups
  • Amenities Exterior: Porch
  • Estimated Number of Acres: 0.2
  • Assessment Balance: 35
  • Assessments: Yes
  • Foundation Size: 1104
  • L V T Date: 09/30/2022
  • Parcel Number: 172780790
  • Price Per Square Foot: 23
  • Projected Closed Date: 01/31/2023
  • Sold Price Per Sq Ft: 23
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Street
  • Taxes With Assessments: 840
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Formal Dining Room
  • Appliances: Cooktop, Range/Stove, Refrigerator, Wall Oven
  • Total Bedrooms: 4
  • Bathroom Description: Main Floor 3/4 Bath, Upper Level Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 16x14, On Level: Main
  • Room 2: Dining Room, 15x14, On Level: Main
  • Room 3: Kitchen, 15x15, On Level: Main
  • Room 4: Bathroom, 14x7, On Level: Main
  • Room 5: Bedroom, 10x12, On Level: Main
  • Room 6: Bedroom, 13x11, On Level: Upper
  • Room 7: 12x14, On Level: Upper
  • Room 8: Bedroom, 9x9, On Level: Upper
  • Room 9: Bathroom, 4.6x4.7, On Level: Upper
  • Room 10: Other, 15x9, On Level: Upper
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Crawl Space
  • Finished Above Grade Sq Ft: 1656
  • Tot Above Grade Sq Ft: 1656
  • Total Fin Square Footage: 1656
  • Total Square Footage: 2207
  • Tot Below Grade Sq Ft: 551

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Aluminum
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Cooling: Window
  • Fuel: Electric
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Madelia #837

Lot Info

  • Estimated Lot Dimensions: 9000
  • Lot/Land Description: Tree Coverage - Medium, Paved Streets

Building Info

  • Year Built: 1890

Tax Info

  • Year: 2022
  • Tax Value: 805

MLS Schools

  • School District: Madelia #837

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2022
Closed on
Jan 27, 2023
Sold by
Bock Linda
Bought by
Castillo Properties Llc
Seller's Agent
Kelsey Forbes
TRUE REAL ESTATE
Buyer's Agent
PATRICK HRUBY
REALTY EXECUTIVES ASSOCIATES
List Price
$80,000
Sold Price
$50,000
Premium/Discount to List
-$30,000
-37.5%
Views
59
Current Estimated Value
$126,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,905
Avg. Annual Appreciation
41.56%
Original Mortgage
$38,032
Outstanding Balance
$36,834
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$90,071
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
Castillo Properties Llc $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Properties Llc $38,032
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2023 01/31/23 Sold $50,000 0.0% $30 / Sq Ft
12/21/2022 12/21/22 Pending -- -- --
12/12/2022 12/12/22 Price Changed $50,000 -37.5% $30 / Sq Ft
09/30/2022 09/30/22 For Sale $80,000 -- $48 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $1,144 $79,600 $18,000 $61,600
2024 $694 $79,700 $18,000 $61,700
2023 $722 $72,600 $15,600 $57,000
2022 $840 $65,700 $14,600 $51,100
2021 $766 $67,700 $13,500 $54,200
2020 $740 $59,500 $13,500 $46,000
2019 $760 $59,800 $13,500 $46,300
2018 $578 $59,800 $13,500 $46,300
2016 $456 $40,000 $13,500 $26,500
2014 -- $50,700 $13,500 $37,200
Source: Public Records

Agents Affiliated with this Home

  • Kelsey Forbes

    Seller's Agent in 2023

    Kelsey Forbes

    TRUE REAL ESTATE

    (507) 995-4077

    67 Total Sales

    Kelsey Forbes
    Section Image

  • P

    Buyer's Agent in 2023

    PATRICK HRUBY

    Realty Executives

    (507) 380-8982

    39 Total Sales

    PATRICK HRUBY
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7031048

REALTOR® Association of Southern Minnesota

APN: 17.278.0790

Minnesota Watonwan County Madelia 56062

116 116 Sw First St Unit 116 1st St SW, Madelia, MN

This home is located at 116 116 Sw First St Unit 116 1st St SW, Madelia, MN 56062 since 30 September 2022 and is currently estimated at $126,905, approximately $76 per square foot. This property was built in 1890. 116 116 Sw First St Unit 116 1st St SW is a home located in Watonwan County with nearby schools including Madelia Elementary School, Madelia Secondary School, and St. Mary's Catholic Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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