Seller's Agent in 2023
David Friedline
Edina Realty, Inc.
(507) 271-6117
2 in this area
101 Total Sales
1331 7th St SW Rochester, MN 55902
Folwell NeighborhoodEstimated Value: $576,000 - $704,190
4
Beds
3
Baths
2,578
Sq Ft
$250/Sq Ft
Est. Value
Highlights
- Newly Remodeled
- No HOA
- Living Room
- Folwell Elementary School Rated A-
- 3 Car Attached Garage
- 1-Story Property
About This Home
As of February 2023Completed New Construction! This is an amazing opportunity to purchase a completely renovated home in such an ideal location. The home is being completely renovated down to the studs throughout and has two new additions to add a new entry area and a 3rd stall garage. The finished house will boast high-end finishes with a newly designed open concept layout, custom cabinets, granite tops, new kitchen and baths, flooring, windows, siding, etc. Even the Electrical, HVAC and plumbing are all new throughout.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,616
Year Built
- Built in 1954 | Newly Remodeled
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 90x100
Parking
- 3 Car Attached Garage
Interior Spaces
- 1-Story Property
- Family Room
- Living Room
- Finished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
Schools
- Folwell Elementary School
- Willow Creek Middle School
- Mayo High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- City Lands Subdivision
Listing and Financial Details
- Assessor Parcel Number 640314025765
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2022
Closed on
Feb 28, 2023
Sold by
Wobig Construction Llc
Bought by
Prasad Vivek and Kumar Anagha
Seller's Agent
David Friedline
Edina Realty, Inc.
Buyer's Agent
Julie Fink
Re/Max Results
List Price
$849,900
Sold Price
$700,000
Premium/Discount to List
-$149,900
-17.64%
Views
97
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,235
Avg. Annual Appreciation
-2.00%
Original Mortgage
$560,000
Outstanding Balance
$544,258
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$120,172
Purchase Details
Closed on
Nov 11, 2021
Sold by
Shapiro Michael and Shapiro Susan C
Bought by
Wobig Construction Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,500
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 7, 2005
Sold by
Shapiro Michael and Shapiro Susan C
Bought by
Shapiro Michael and Shapiro Susan C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,500
Interest Rate
5.61%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Prasad Vivek | $700,000 | -- | |
| Wobig Construction Llc | $290,000 | Edina Realty Title Inc | |
| Shapiro Michael | -- | Rochester Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Prasad Vivek | $560,000 | |
| Previous Owner | Wobig Construction Llc | $485,500 | |
| Previous Owner | Shapiro Michael | $204,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | $700,000 | -6.7% | $272 / Sq Ft |
| 01/31/2023 01/31/23 | Pending | -- | -- | -- |
| 10/19/2022 10/19/22 | Price Changed | $750,000 | -9.1% | $291 / Sq Ft |
| 09/26/2022 09/26/22 | Price Changed | $824,900 | -2.9% | $320 / Sq Ft |
| 03/29/2022 03/29/22 | For Sale | $849,900 | -- | $330 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $8,836 | $605,800 | $100,000 | $505,800 |
| 2023 | $7,744 | $594,600 | $60,000 | $534,600 |
| 2022 | $3,842 | $321,500 | $60,000 | $261,500 |
| 2021 | $3,616 | $288,900 | $60,000 | $228,900 |
| 2020 | $3,606 | $273,300 | $60,000 | $213,300 |
| 2019 | $3,460 | $262,800 | $60,000 | $202,800 |
| 2018 | $2,725 | $254,300 | $60,000 | $194,300 |
| 2017 | $2,694 | $207,300 | $37,200 | $170,100 |
| 2016 | $2,576 | $181,600 | $33,600 | $148,000 |
| 2015 | $2,364 | $169,800 | $33,300 | $136,500 |
| 2014 | $2,408 | $166,400 | $33,100 | $133,300 |
| 2012 | -- | $173,600 | $33,392 | $140,208 |
Source: Public Records
Agents Affiliated with this Home
-
David Friedline
-
Julie Fink
Buyer's Agent in 2023
Julie Fink
RE/MAX
(507) 273-6178
2 in this area
96 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6171261
APN: 64.03.14.025765
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