$180,000
SOLD MAY 2, 2025

1201 S Cedar Ave Owatonna, MN 55060

3 Beds
2 Baths
1,912 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$94 Per Sq Ft

5% Below List Price

20 Days on Market

About This Home

As of May 2025

This triplex could make a nice owner occupied income property. 2 - 2 bedroom units and a 1 bedroom unit. separate utilities for each unit, off street parking and large shed that cold be made into a 3 stall garage.

Last Agent to Sell the Property

Scott Ulland

RE/MAX Results Listed on: 04/02/2025

RE/MAX Results

Last Buyer's Agent

Nazar Orischin

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,252

Year Built

  • Built in 1886

Parking

  • 1 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,912 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 56 x 131
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 170153416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,252

Year Built

Built in 1886

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1886
  • Above Grade Finished Sq Ft: 1912
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 1912
  • Basement YN: Yes
  • Appliances: Range
  • Total Rooms: 4
  • Appliances: Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 792

Utilities

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

Schools

  • Junior High Dist: Owatonna
  • SchoolDistrictNumber: 761
  • SchoolDistrictPhone: 507-444-8610

Lot Info

  • Lot Size: 56 x 131
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 3

Rental Info

  • Expenses: 3600.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 170153416
  • Tax Annual Amount: 2252
  • TaxWithAssessments: 2252.0000

Multi Family

  • TenantPays: All Utilities
  • ElectricExpense: 3600
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2025
Closed on
May 2, 2025
Sold by
Frye Alan
Bought by
J & A Mn Investments Llc
Seller's Agent
Scott Ulland
RE/MAX Results
Buyer's Agent
Nazar Orischin
RE/MAX Results
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
337.47%

Purchase Details

Closed on
Dec 1, 2020
Sold by
Finholdt Eric K and Same Angela M
Bought by
Frye Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,386
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2007
Sold by
Fiske Julie M
Bought by
Finholdt Eric K and Finholdt Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
6.4%
Mortgage Type
Commercial
Source: Public Records

Similar Home in Owatonna, MN

  • 416 S Oak Ave, Owatonna, MN 55060

    $185,000

    • 5 Beds
    • 2 Baths
    • 2,538 Sq Ft
    • 416 S Oak Ave
    • Owatonna, MN

    Income-Producing Property in the Heart of Owatonna! A Historic Gem with Recent Upgrades!Located in the heart of Owatonna, this charming income-producing property offers an exceptional opportunity for investors or first-time buyers. Blending historic character with modern updates, this property is ready to deliver steady income with minimal maintenance.The main floor unit has been

    Sophia Starks Berkshire Hathaway Advantage Real Estate

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $180,000 --
Warranty Deed $166,400 North American Title
Personal Reps Deed $112,000 None Available
Deed $166,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $163,386 FHA
Previous Owner $89,600 Commercial
Closed $163,386 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $180,000 -5.2% $94 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/02/2025 04/02/25 For Sale $189,900 -- $99 / 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 $2,252 $152,800 $34,100 $118,700
2023 $2,102 $158,000 $26,800 $131,200
2022 $3,092 $145,800 $25,400 $120,400
2021 $2,904 $136,710 $23,128 $113,582
2020 $2,996 $126,322 $23,128 $103,194
2019 $2,752 $124,460 $23,128 $101,332
2018 $2,750 $121,422 $21,364 $100,058
2017 $2,586 $120,344 $19,502 $100,842
2016 $2,564 $113,680 $19,502 $94,178
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6696419

NorthstarMLS

APN: 17-015-3416