NOT LISTED FOR SALE

126 Byron Ave N Byron, MN 55920

Estimated Value: $423,813 - $474,000

8 Beds
5 Baths
4,910 Sq Ft
$91/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $410,000 $84 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,912/month

46 Days on Market

Highlights

  • RV Access or Parking
  • Front Porch
  • Hot Water Heating System
  • Byron Intermediate School Rated A-
  • Forced Air Heating System
  • 1-minute walk to Valley View Park

About This Home

As of January 2024

Updated investment property with four spacious income-producing units. The largest main floor unit offers so much living space it’s like living in a house! It has two main floor bedrooms, a full bath, spacious kitchen, large dining and living rooms, its own laundry, a finished basement with loads of living space (with egress window), another bath, storage space, and a 750 sq. ft. three-stall garage with 8’ overhead doors and 100 amp service, plus RV and additional parking. There are two additional main floor units (one is a spacious two bedroom with a front porch and the other is a good-sized one bedroom unit) and an upper unit that has two bedrooms, large kitchen, dining, living room, and bath. All units have designated off-street parking and a clean coin-operated laundry.

Last Listed By

Lori Reinaldi

Re/Max Results Listed on: 10/31/2023

Re/Max Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,332

Year Built

  • Built in 1898

Lot Details

  • 0.41

Parking

  • 3 Car Garage
  • Garage Door Opener
  • RV Access or Parking
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Front Porch

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • The owner pays for taxes, trash collection
  • Assessor Parcel Number 753213027464

Community Details

Overview

  • 4 Units
  • Original Byron Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,332

Year Built

Built in 1898

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Common Laundry, Coin-op Laundry Owned
  • Year Built: 1898
  • Above Grade Finished Sq Ft: 3819
  • Water Sewer Expenses: 1
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Partial
  • Living Area: 4910
  • Below Grade Finished Sq Ft: 1091
  • Owner Pays: Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Main Floor Primary Bedroom,Porch
  • Appliances: Dishwasher,Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: Main Floor Primary Bedroom
  • Appliances: Dishwasher,Microwave,Range
  • Total Rooms: 10
  • Shared Rooms: Other
  • Amenities: Cable,Deck
  • Appliances: Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Microwave,Range
  • Total Rooms: 6
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Block,Frame,Stone
  • PatioPorchType: Front Porch

Garage/Parking

  • Parking Features: Assigned, Detached, Gravel, Garage Door Opener, RV Access/Parking, Open
  • Garage Square Feet: 750
  • Garage Door Height: 8
  • Other Parking Spaces: 2
  • Other Parking Spaces: 6
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Boiler, Forced Air, Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, Other
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Byron
  • SchoolDistrictNumber: 531
  • SchoolDistrictPhone: 507-775-2383

Lot Info

  • Lot Size: irreg
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Block, Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 1.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 753213027464
  • Tax Annual Amount: 5332
  • TaxWithAssessments: 5700.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Water
  • ElectricExpense: 1
  • FuelExpense: 3476
  • Resident Manager Expense: 1
  • Number Of Refrigerators: Four

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Jan 16, 2024
Sold by
R & L Renovations Llc
Bought by
Smith Kyle
Seller's Agent
Lori Reinaldi
Re/Max Results
Buyer's Agent
Phillip Thomas
Real Broker, LLC.
List Price
$399,900
Sold Price
$410,000
Premium/Discount to List
$10,100
2.53%
Total Days on Market
46
Views
32
Current Estimated Value
$448,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,907
Avg. Annual Appreciation
7.22%
Original Mortgage
$389,500
Outstanding Balance
$384,539
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$64,368

Purchase Details

Listed on
Jul 28, 2014
Closed on
Jan 26, 2015
Sold by
Boley Janet C
Bought by
R&L Renovations Llc
Seller's Agent
NON-RMLS NON-RMLS
Non-MLS
Buyer's Agent
Lori Reinaldi
RE/MAX Results
List Price
$169,900
Sold Price
$138,900
Premium/Discount to List
-$31,000
-18.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.83%
Original Mortgage
$145,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

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
Smith Kyle $410,000 Rochester Title
R&L Renovations Llc $138,900 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Kyle $389,500
Previous Owner Boley Janet C $145,000
Previous Owner Boley Lawrence A $117,000
Previous Owner Bloey Lawrence A $43,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $410,000 +2.5% $84 / Sq Ft
12/16/2023 12/16/23 Pending -- -- --
12/12/2023 12/12/23 For Sale $399,900 0.0% $81 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $399,900 +187.9% $81 / Sq Ft
01/30/2015 01/30/15 Sold $138,900 -18.2% $35 / Sq Ft
01/08/2015 01/08/15 Pending -- -- --
07/28/2014 07/28/14 For Sale $169,900 -- $43 / 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
2023 $5,070 $261,300 $50,000 $211,300
2022 $4,176 $254,300 $40,000 $214,300
2021 $3,704 $169,300 $40,000 $129,300
2020 $3,810 $175,500 $44,900 $130,600
2019 $3,794 $175,500 $44,900 $130,600
2018 $3,551 $175,200 $44,900 $130,300
2017 $3,520 $162,500 $44,900 $117,600
2016 $3,098 $162,500 $44,900 $117,600
2015 $2,626 $139,500 $44,900 $94,600
2014 $2,448 $125,500 $40,300 $85,200
2012 -- $125,500 $40,307 $85,193
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6447538

NorthstarMLS

APN: 75.32.13.027464