NOT LISTED FOR SALE

140 S Chippewa Ave Wahkon, MN 56386

Estimated Value: $191,143 - $361,000

6 Beds
3 Baths
4,100 Sq Ft
$68/Sq Ft Est. Value

Last Sold April 15, 2016

Last sale price $166,500 $41 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,704/month

479 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Forced Air Heating System
  • 3 Car Garage

About This Home

As of April 2016

Rent is in high demand, Wahkon is happening, and the property is updated and well maintained. This is a recipe for a unique investment opportunity on the south side of Mille Lacs. Set up a showing, take a look and see all there is to offer here.

Last Listed By

Tara Oberfeld

Century 21 Atwood Listed on: 12/01/2014

Century 21 Atwood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,657

Year Built

  • Built in 1940

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 167 x 90 x 160 x 167
  • Property fronts a state road
  • Corner Lot
  • Few Trees

Parking

  • 3 Car Garage

Home Design

  • Pitched Roof
  • Asphalt Shingled Roof
  • Fiberglass Siding

Interior Spaces

  • 4,100 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Well

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable t.v., trash
  • Assessor Parcel Number 250401031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,657

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Type: Multi-Family
  • Outside Features: Fiber Board
  • Garage Spaces: 3.00
  • Accessibility Features: None
  • Water Source: Well
  • Association Amenities: Deck, Patio
  • Fuel Type: Natural Gas
  • Numberof Ranges: Three
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 4100.00
  • Above Grade Finished Area Search: 4100.00
  • Assessment Pending Y N: No
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 16493
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 4100.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 250401031
  • Property Sub Type Additional: Apartments/Multi Family
  • Refrigerator Number: Three
  • Rental License: No
  • Tax Assessment Balance: 1.00
  • Water Sewer Expenses: 1175.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Beds/Baths

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Roof: Age Over 8 Years, Asphalt Shingles, Pitched

Garage/Parking

  • Parking Features: Attached Garage, Detached Garage, Driveway - Asphalt, No Int Access to Dwelling
  • ListingUnits_1_UnitTypeOtherParking: 2
  • ListingUnits_2_UnitTypeOtherParking: 2
  • ListingUnits_3_UnitTypeOtherParking: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Schools

  • School District: 473 - Isle
  • School District Phone: 320-676-3146

Lot Info

  • Zoning: Other, Residential-Multi-Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • Assessment Pending: No
  • Lot Size: 167 X 90 X 160 X 167
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Lot Size Acres: 0.6000
  • Lot Size Area Units: Square Feet

Rental Info

  • Owner Pays: Electric, Fuel, Insurance, Janitorial, Maintenance/Repair, Snow, Taxes, Water/Sewer

Building Info

  • Units Total: 3.00

Tax Info

  • TaxLegalDescription: #25-040-1031,
  • Tax Amount: 1657.00
  • Tax Year: 2015
  • Tax With Assessments: 1658.00
  • Assessor Parcel Number: 250401031

Multi Family

  • TenantPays: Cable T.V., Trash
  • Unit Count: 3
  • ElectricExpense: 1717.00
  • Above Grade Finished Sq Ft: Square Feet
  • FuelExpense: 2017.00

MLS Schools

  • School District Name: 473 - Isle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2014
Closed on
Apr 15, 2016
Sold by
Olson David David
Seller's Agent
Tara Oberfeld
Century 21 Atwood
List Price
$299,000
Sold Price
$166,500
Premium/Discount to List
-$132,500
-44.31%
Total Days on Market
479
Current Estimated Value
$276,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,286
Avg. Annual Appreciation
5.78%

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
-- $166,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Sold $166,500 -44.3% $41 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
12/01/2014 12/01/14 For Sale $299,000 -- $73 / 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
2024 $1,948 $151,200 $24,400 $126,800
2023 $1,832 $153,500 $24,400 $129,100
2022 $1,688 $140,900 $24,400 $116,500
2021 $1,652 $101,400 $24,400 $77,000
2020 $1,732 $105,500 $24,400 $81,100
2019 $1,754 $98,900 $24,400 $74,500
2018 $1,644 $104,300 $24,400 $79,900
2017 $1,492 $89,900 $22,200 $67,700
2016 $1,574 $0 $0 $0
2015 $1,022 $0 $0 $0
2014 $1,022 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST4547185

NorthstarMLS

APN: 25-040-1031