NOT LISTED FOR SALE

1303 3rd Ave SW Rochester, MN 55902

Estimated Value: $398,176 - $467,000

7 Beds
4 Baths
3,092 Sq Ft
$137/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $190,000 $61 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $2,721/month

44 Days on Market

Highlights

  • Property is near public transit
  • Eat-In Kitchen
  • Tile Flooring
  • Mayo Senior High School Rated A-
  • Patio
  • Baseboard Heating

About This Home

As of June 2013

Well Kept 4-Plex with good rental history. Near Bus Line, handy for shopping (near the mall), and close to restaurants. Coin operated laundry, steel siding, storage shed and updated windows.

Last Agent to Sell the Property

Cyndee Parker-Neis

Property Brokers of Minnesota, Inc. Listed on: 04/08/2013

Co-Listed By

Raymond Neis

Property Brokers of Minnesota, Inc.

Last Buyer's Agent

Brian Rossow

Property Brokers of Minnesota, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,524

Year Built

  • Built in 1963

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 64 x 110
  • Few Trees

Parking

  • Gravel Driveway

Home Design

  • Quadruplex
  • Bi-Level Home
  • Frame Construction
  • Steel Siding

Interior Spaces

  • 3,092 Sq Ft Home
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Range

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Outdoor Features

  • Patio

Location

  • Ground Level
  • Lower Level
  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Boiler Heating System
  • Gas Water Heater

Community Details

  • 4 Units
  • Coin Laundry

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for fuel, lawn, maint/repair, snow, trash, water/sewer
  • Assessor Parcel Number 641112008694

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,524

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Construction: Previously Owned
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 641112008694
  • Price Per Square Foot: 61.45
  • Range: 14.00
  • Rental License: Yes
  • Section: 11.00
  • Stories: Bi-Level Split
  • Taxes With Assessments: 3524
  • Twp Number: 106.00
  • Estimated Number of Acres: 0.15
  • Comp Dev Subdiv Name: Graham
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Daylight/Lookout Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1564
  • Total Fin Square Footage: 3092
  • Total Square Footage: 3092
  • Below Grade Finished Sq Ft: 1528

Exterior Features

  • Frontage Road: City, Paved
  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Exterior Amenities: Driveway - Gravel, Patio

Garage/Parking

  • Number Off Street Parking: 6

Utilities

  • Fuel: Natural Gas
  • Heat: Baseboard, Boiler, Hot Water
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned, Patio

Schools

  • School District: Rochester #535

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Light
  • Estimated Lot Dimensions: 64 x 110

Rental Info

  • Owner Expense: Fuel, Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric

Building Info

  • Year Built: 1963

Tax Info

  • Year: 2012
  • Tax Value: 3524

MLS Schools

  • School District: Rochester #535

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Laack Joshua and Laack Kate
Bought by
J L Investment Properties Llc
Current Estimated Value
$424,294

Purchase Details

Closed on
Dec 7, 2017
Sold by
J L Investment Properties Llc
Bought by
Laack Joshua and Laack Kate

Purchase Details

Listed on
Apr 8, 2013
Closed on
Jun 27, 2013
Sold by
Meyer Daniel Raymond
Bought by
Jl Investment Properties Llc
Seller's Agent
Cyndee Parker-Neis
Property Brokers of Minnesota, Inc.
Buyer's Agent
Brian Rossow
Property Brokers of Minnesota, Inc.
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$142,500
Interest Rate
3.93%
Mortgage Type
Unknown
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
J L Investment Properties Llc -- None Available
Laack Joshua -- None Available
Jl Investment Properties Llc $190,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laack Joshua D $161,500
Previous Owner Jl Investment Properties Llc $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $190,000 -5.0% $61 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $200,000 -- $65 / 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
2024 $4,524 $314,300 $50,000 $264,300
2023 $4,524 $295,700 $50,000 $245,700
2022 $4,634 $281,400 $40,000 $241,400
2021 $4,630 $277,200 $40,000 $237,200
2020 $4,834 $277,200 $28,200 $249,000
2019 $4,008 $277,200 $28,200 $249,000
2018 $3,764 $231,500 $28,200 $203,300
2017 $3,788 $214,800 $28,200 $186,600
2016 $3,666 $214,800 $28,200 $186,600
2015 $3,278 $202,400 $28,200 $174,200
2014 $3,242 $190,500 $28,200 $162,300
2012 -- $190,500 $28,200 $162,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Cyndee Parker-Neis

    Property Brokers of Minnesota, Inc.

  • R

    Seller Co-Listing Agent in 2013

    Raymond Neis

    Property Brokers of Minnesota, Inc.

  • B

    Buyer's Agent in 2013

    Brian Rossow

    Property Brokers of Minnesota, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4459808

REALTOR® Association of Southern Minnesota

APN: 64.11.12.008694

Minnesota Olmsted County Rochester 55902

1303 3rd Ave SW, Rochester, MN

This home is located at 1303 3rd Ave SW, Rochester, MN 55902 since 08 April 2013 and is currently estimated at $424,294, approximately $137 per square foot. This property was built in 1963. 1303 3rd Ave SW is a home located in Olmsted County with nearby schools including Franklin Elementary School, Willow Creek Middle School, and Mayo Senior High 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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