NOT LISTED FOR SALE

1433 Timber Lane Ln SW Garfield, MN 56332

Estimated Value: $325,000 - $381,928

2.92 Acres
$123,538 Price per Acre
127,195 Sq Ft Lot

Last Sold September 27, 2013

Last sale price $32,500

Est. 1,010% increase in value since last sale

Current estimated payment $2,147/month

125 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 200 Feet of Waterfront
  • Barn
  • Garfield Elementary School Rated A-

About This Lot

As of September 2013

Large building lot with 72x28 shed, 200 amp elec, deep submersible well. Right across road from shared deeded access to Lake Lobster. Seller is motivated.

Last Agent to Sell the Property

Ken D. Thiele

Coldwell Banker Crown Realtors Listed on: 05/02/2013

Last Buyer's Agent

Zach Witt

RES Realty, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,930

Lot Details

  • 2.92 Acre Lot
  • 200 Feet of Waterfront

HOA Fees

  • $4 Monthly HOA Fees

Farming

  • Barn

Listing and Financial Details

  • Assessor Parcel Number 45-0225-000

Community Details

Recreation

  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$2,930

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Residential
  • Assessments: Yes
  • Foreclosure: Undisclosed
  • Parcel Number: 45-0225-000
  • Potential Short Sale: Undisclosed
  • Range: 39.00
  • Section: 23.00
  • Twp Number: 128.00
  • Estimated Number of Acres: 2.92
  • Builder Restrictions: Limited
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lake Class: Gen Development
  • Waterfront Name: Lobster
  • Out Buildings: Barn
  • Waterfront: Yes
  • Water Frontage: 200
  • Waterfront Description: Deeded Access

Utilities

  • On Site Utilities: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Yearly
  • Association Fee: Yes
  • Association Fee: 50

Lot Info

  • Estimated Lot Dimensions: 431 200 330 449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2015
Sold by
Witt Zachary C
Bought by
Wright Scott M and Wright Deborah A
Current Estimated Value
$360,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 13, 2015
Sold by
Wright Scott M and Wright Deborah A
Bought by
Witt Homes Llc

Purchase Details

Listed on
May 2, 2013
Closed on
Sep 27, 2013
Sold by
Roberts Joshua J and Roberts Kimberli Lucille
Bought by
Witt Homes Llc
Seller's Agent
Ken D. Thiele
Coldwell Banker Crown Realtors
Buyer's Agent
Zach Witt
RES Realty, LLC
List Price
$44,900
Sold Price
$32,500
Premium/Discount to List
-$12,400
-27.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.83%
Original Mortgage
$24,375
Interest Rate
4.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wright Scott M $145,000 None Available
Wright Scott M $145,000 None Available
Witt Homes Llc -- None Available
Witt Homes Llc -- None Available
Witt Homes Llc $32,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wright Scott M $145,000
Previous Owner Witt Homes Llc $24,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2013 09/27/13 Sold $32,500 -27.6% --
09/04/2013 09/04/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $44,900 -- --
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 $2,930 $346,700 $38,900 $307,800
2024 $2,930 $328,900 $36,900 $292,000
2023 $2,734 $277,000 $35,700 $241,300
2022 $2,496 $253,700 $33,400 $220,300
2021 $2,010 $221,200 $32,900 $188,300
2020 $2,574 $204,300 $32,800 $171,500
2019 $2,336 $200,400 $32,400 $168,000
2018 $2,084 $192,500 $32,400 $160,100
2017 $1,994 $166,800 $32,400 $134,400
2016 $432 $152,193 $28,324 $123,869
2015 $348 $0 $0 $0
2014 -- $34,000 $22,700 $11,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4470547

REALTOR® Association of Southern Minnesota

APN: 45-0225-000