NOT LISTED FOR SALE

122 W Summit Ave Fergus Falls, MN 56537

Estimated Value: $182,000 - $204,000

3 Beds
2 Baths
1,800 Sq Ft
$106/Sq Ft Est. Value

Last Sold September 19, 2013

Last sale price $48,440 $27 Per Sq Ft

Est. 295% increase in value since last sale

Current estimated payment $1,170/month

527 Days on Market

Highlights

  • 2 Car Detached Garage
  • Combination Kitchen and Dining Room
  • 5-minute walk to Lake Alice Park
  • Bathroom on Main Level
  • Wood Siding

About This Home

As of September 2013

Duplex rental property. Close to downtown and Lake Alice. Great potential as a rental unit or live in one unit and rent other to off set housing. Home Protection Plan included. Motivated Seller!

Last Agent to Sell the Property

Jonathan Drews

Keller Williams Realty Professionals Listed on: 03/15/2012

Last Buyer's Agent

Jonathan Drews

Keller Williams Realty Professionals Listed on: 03/15/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,008

Year Built

  • 1880

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x155

Home Design

  • Poured Concrete
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Utilities

  • Boiler Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 71003991173000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,008

Year Built

1880

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities Exterior: Driveway - Gravel
  • Estimated Number of Acres: 0.18
  • Construction: Previously Owned
  • Mechanicals: Water Heater-Gas
  • Parcel Number: 71003991173000
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Avenue
  • Percentage Of Ownership: 100
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1880

Interior Features

  • Dining Room: Combine with Kitchen
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath, Upper Level Bath
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Bedroom, 11.6x9.6, On Level: Upper
  • Room 2: Bedroom, 9.6x9.0, On Level: Main
  • Room 4: Den/Office, 9x8.2, On Level: Upper
  • Room 5: Dining Room, 8.8x7.8, On Level: Upper
  • Room 9: Kitchen, 18.6x16, On Level: Main
  • Room 12: Living Room, 20x10, On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1800
  • Total Square Footage: 1800

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Wood

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Natural Gas
  • Heat: Boiler
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 50x155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2012
Closed on
Sep 19, 2013
Sold by
Anderson Larry Larry
Bought by
Chen Chun and Liu Xiu
Seller's Agent
Jonathan Drews
Keller Williams Realty Professionals
Buyer's Agent
Jonathan Drews
Keller Williams Realty Professionals
List Price
$58,400
Sold Price
$48,440
Premium/Discount to List
-$9,960
-17.05%
Current Estimated Value
$191,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,772
Avg. Annual Appreciation
12.00%
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
Chen Chun $48,400 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2013 09/19/13 Sold $48,440 -17.1% $27 / Sq Ft
08/24/2013 08/24/13 Pending -- -- --
03/15/2012 03/15/12 For Sale $58,400 -- $32 / 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 $2,008 $164,800 $12,700 $152,100
2024 $1,884 $159,100 $12,700 $146,400
2023 $1,460 $114,300 $12,700 $101,600
2022 $918 $146,000 $0 $0
2021 $720 $114,300 $12,700 $101,600
2020 $708 $48,300 $11,500 $36,800
2019 $684 $44,000 $11,500 $32,500
2018 $596 $44,000 $11,500 $32,500
2017 $582 $39,400 $10,000 $29,400
2016 $566 $38,300 $10,000 $28,300
2015 $666 $0 $0 $0
2014 -- $46,600 $10,000 $36,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jonathan Drews

    Keller Williams Realty Professionals

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4195587

REALTOR® Association of Southern Minnesota

APN: 71003991173000

Minnesota Otter Tail County Fergus Falls 56537

122 W Summit Ave, Fergus Falls, MN

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