NOT LISTED FOR SALE

1407 W 4th St Red Wing, MN 55066

Estimated Value: $501,349

5.15 Acres
$97,349 Price per Acre
224,334 Sq Ft Lot

Last Sold May 01, 2023

Last sale price $500,000

Current estimated payment $2,665/month

393 Days on Market

About This Lot

As of May 2023

A rare opportunity to acquire 5.14 acres of prime residential development land in the heart of Red Wing! Parcels are zoned R2. R2 allows 1 & 2 Family residential homes – 8 units per acre. This zone could accommodate roughly 40 residential units consisting of: townhomes, duplex rentals, single family homes, etc. - subject to how the units might fit the property. An ideal 1031 replacement property. There are utility easements which run along Jackson Street, an access easement for a property on 5th., and a proposed scenic easement on a portion of the hillside parcel.Property tax amount is proposed. This listing is comprised of six platted lots: PID#555351280 PID# 555351230 PID#555351210 PID#555351220 PID#555351270 PID# 555351410

Last Agent to Sell the Property

Tom Brown

Lawrence Realty Inc. Listed on: 03/14/2022

Last Buyer's Agent

Tom Brown

Lawrence Realty Inc. Listed on: 03/14/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $702

Lot Details

  • Lot Dimensions are 1x1x1x1
  • Irregular Lot
  • Few Trees
  • Finished Lot(s)
  • Additional Parcels

Utilities

  • Underground Utilities

Community Details

  • No Home Owners Association
  • Sweneys Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 555351280

Property Details

Property Type

Land

Est. Annual Taxes

$702

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • BuilderRestrict: Open
  • Improvements: Curbs,Paved Streets,Public Road,Sidewalks,Storm Sewer
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Easements,For Sale Sign,Platted,Soil Test Available

Exterior Features

  • Fencing: None
  • Soil Type: Other

Utilities

  • Utilities: Sewer Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Storm Sewer Available, Underground Utilities Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Red Wing
  • SchoolDistrictNumber: 256
  • SchoolDistrictPhone: 651-385-4500

Lot Info

  • Topography: Sloped
  • Lot Size: 1x1x1x1
  • Land Lease: No
  • Lot Features: Irregular Lot, Tree Coverage - Light, Underground Utilities
  • Additional Parcels Description: 555351230,5553511210
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Crop Type: None

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 555351280
  • Tax Annual Amount: 702
  • TaxWithAssessments: 702.0000
  • TaxableAcres: 5.147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
May 1, 2023
Sold by
Mayo Clinic Health System-Red Wing
Bought by
Goodhue County Habitat For Hum
Seller's Agent
Tom Brown
Lawrence Realty Inc.
Buyer's Agent
Tom Brown
Lawrence Realty Inc.
List Price
$600,000
Sold Price
$500,000
Premium/Discount to List
-$100,000
-16.67%
Views
110
Current Estimated Value
$501,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,349

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 26, 2023
Sold by
Federal National Mortgage Assn
Bought by
Marchiniak Christopher and Marchiniak Colleen
Seller's Agent
Tom Brown
Lawrence Realty Inc.
Buyer's Agent
Tom Brown
Lawrence Realty Inc.
List Price
$600,000
Sold Price
$500,000
Premium/Discount to List
-$100,000
-16.67%
Views
110
Source: Public Records

Range of Values:

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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
Goodhue County Habitat For Hum $500,000 None Listed On Document
Goodhue County Habitat For Humanity $500,000 --
Marchiniak Christopher $87,036 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $500,000 -16.7% --
04/11/2023 04/11/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $600,000 0.0% --
03/14/2022 03/14/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $600,000 -- --
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
2025 -- $441,800 $441,800 $0
2024 -- $441,800 $441,800 $0
2023 $84 $441,800 $441,800 $0
2022 $84 $441,800 $441,800 $0
2021 $678 $3,289,200 $441,800 $2,847,400
2020 $612 $3,239,700 $441,800 $2,797,900
2019 $582 $2,744,500 $441,800 $2,302,700
2018 $562 $2,629,400 $441,800 $2,187,600
2017 $736 $2,629,400 $441,800 $2,187,600
2016 $1,376 $2,629,400 $441,800 $2,187,600
2015 $1,398 $2,514,200 $441,800 $2,072,400
2014 -- $2,514,200 $441,800 $2,072,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6163809

NorthstarMLS

APN: 55.535.1280