NOT LISTED FOR SALE

12880 196th Ln NW Elk River, MN 55330

Estimated Value: $535,836 - $623,000

0.32 Acre
$1,812,372 Price per Acre
13,939 Sq Ft Lot

Last Sold June 27, 2014

Last sale price $36,000 $19 Per Sq Ft

Est. 1,511% increase in value since last sale

Current estimated payment $3,597/month

104 Days on Market

About This Lot

As of June 2014

EXCELLENT FRONT ELEVATION. RAMBLER OR 2-STORY AVAILABLE. BUILDER WILL PROVIDE A FREE CONSULTATION WITH HIM AND THE DRAFTSMAN TO DESIGN CUSTOM PRELIMINARY PLANS AND SPECS.

Last Agent to Sell the Property

Eric Ollestad

Real Estate Masters, Ltd Listed on: 03/15/2014

Last Buyer's Agent

Eric Ollestad

Real Estate Masters, Ltd Listed on: 03/15/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,252

Lot Details

  • 0.32 Acre Lot
  • Finished Lot(s)

HOA Fees

  • $25 Monthly HOA Fees

Farming

  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 757360255

Property Details

Property Type

Land

Est. Annual Taxes

$6,252

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Assessments: Unknown
  • Parcel Number: 757360255
  • Projected Closed Date: 07/27/2014
  • Taxes With Assessments: 576
  • Estimated Number of Acres: 0.32
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved
  • Restricted To These Builders: MODERN CONSTRUCTION OF MN
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: City Water, Electric, Natural Gas

Condo/Co-op/Association

  • Association Fee Frequency: Yearly
  • Association Fee: Yes
  • Association Fee: 300

Schools

  • School District: Elk River #728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2014
Closed on
Jun 27, 2014
Bought by
Langlais David David
Seller's Agent
Eric Ollestad
Real Estate Masters, Ltd
Buyer's Agent
Eric Ollestad
Real Estate Masters, Ltd
List Price
$39,900
Sold Price
$36,000
Premium/Discount to List
-$3,900
-9.77%
Current Estimated Value
$579,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$543,959
Avg. Annual Appreciation
27.75%

Purchase Details

Listed on
Nov 7, 2012
Closed on
Apr 4, 2013
Sold by
Value Homes Llc
Bought by
Modern Construction Of Minnesota Inc
Seller's Agent
Kevin Bergstrom
Coldwell Banker Vision
Buyer's Agent
Margaret Johnson
Keller Williams Integrity NW
List Price
$29,900
Sold Price
$27,500
Premium/Discount to List
-$2,400
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.45%
Original Mortgage
$232,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 7, 2012
Closed on
Feb 28, 2013
Sold by
The Bank Of Elk River
Bought by
Value Homes Llc
Seller's Agent
Kevin Bergstrom
Coldwell Banker Vision
Buyer's Agent
Margaret Johnson
Keller Williams Integrity NW
List Price
$29,900
Sold Price
$27,500
Premium/Discount to List
-$2,400
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Langlais David David $36,000 --
Modern Construction Of Minnesota Inc $30,572 All American Title Co Inc
Value Homes Llc $9,075 All American Title Co
-- $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Modern Construction Of Minnesota Inc $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2014 06/27/14 Sold $36,000 -9.8% $19 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
03/15/2014 03/15/14 For Sale $39,900 +45.1% $21 / Sq Ft
02/28/2013 02/28/13 Sold $27,500 -8.0% $14 / Sq Ft View Prior Sale
02/07/2013 02/07/13 Pending -- -- --
11/07/2012 11/07/12 For Sale $29,900 -- $16 / 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 $6,252 $477,500 $97,800 $379,700
2024 $6,068 $477,300 $97,800 $379,500
2023 $6,436 $476,000 $97,800 $378,200
2022 $6,132 $473,300 $112,200 $361,100
2020 $5,974 $384,300 $73,800 $310,500
2019 $5,296 $370,500 $68,000 $302,500
2018 $4,996 $355,500 $64,000 $291,500
2017 $4,856 $324,000 $60,000 $264,000
2016 $356 $312,000 $55,500 $256,500
2015 $552 $20,200 $20,200 $0
2014 $576 $27,000 $27,000 $0
2013 -- $26,800 $26,800 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eric Ollestad

    Real Estate Masters, Ltd

  • K

    Seller's Agent in 2013

    Kevin Bergstrom

    Coldwell Banker Vision

  • M

    Buyer's Agent in 2013

    Margaret Johnson

    Keller Williams Integrity NW

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4592799

REALTOR® Association of Southern Minnesota

APN: 75-736-0255

Minnesota Sherburne County Elk River 55330

12880 196th Ln NW, Elk River, MN

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