NOT LISTED FOR SALE

1626 45th St NW Rochester, MN 55901

Estimated Value: $122,000 - $233,658

8 Beds
4 Baths
3,384 Sq Ft
$53/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $420,000 $124 Per Sq Ft

Current estimated payment $1,037/month

4 Days on Market

About This Home

As of March 2024

This 4 plex sits in NW Rochester. Four, fully ready, rentable units. Close to many amenities, parks and trails.

Last Agent to Sell the Property

Daniel Kingsley

eXp Realty Listed on: 02/29/2024

eXp Realty

Last Buyer's Agent

Clay Matson

Jewson Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,868

Year Built

  • Built in 1982

Lot Details

  • Lot Dimensions are 37x60
  • Additional Parcels

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 3,384 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Robert Gage Elementary School
  • John Adams Middle School
  • John Marshall High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 741542010787

Community Details

Overview

  • 4 Units
  • Palmerstowne Square Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,868

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Coin-op Laundry Owned
  • Year Built: 1982
  • Above Grade Finished Sq Ft: 3384
  • Water Sewer Expenses: 3863.47
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 3384
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: No
  • Total Rooms: 6
  • Appliances: Range
  • Total Rooms: 6
  • Appliances: Range
  • Total Rooms: 6
  • Appliances: Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Asphalt, Open
  • Carport Spaces: 8
  • Garage Square Feet: 0
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, Other
  • Fuel: Electric
  • Number of Ranges: Four

Schools

  • Junior High Dist: Rochester
  • Middle Or Junior School: John Adams
  • SchoolDistrictNumber: 535
  • SchoolDistrictPhone: 507-328-3000

Lot Info

  • Lot Size: 37x60
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels Description: 741542010788,741542010789
  • Additional Parcels: Yes
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 11207.4700

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 741542010787
  • Tax Annual Amount: 3868
  • TaxWithAssessments: 3868.0000

Multi Family

  • TenantPays: Cable TV, Electricity
  • Number Of Refrigerators: Four

MLS Schools

  • Elementary School: Robert Gage
  • HighSchool: John Marshall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Mar 28, 2024
Sold by
Mumin Omar Mohamed and Mumin Samira Ali
Bought by
Knights Llc
Seller's Agent
Daniel Kingsley
eXp Realty
Buyer's Agent
Clay Matson
Jewson Realty
List Price
$399,900
Sold Price
$420,000
Premium/Discount to List
$20,100
5.03%
Views
31
Current Estimated Value
$180,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$239,335
Avg. Annual Appreciation
-41.37%
Original Mortgage
$346,800
Outstanding Balance
$341,638
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
-$160,973

Purchase Details

Listed on
May 9, 2014
Closed on
Jul 1, 2014
Sold by
Suk Michael D and Goldie C Suk Living Trust
Bought by
S & R Management Llc
Seller's Agent
Gary Schueller
RE/MAX Results - Rochester
Buyer's Agent
Bill Towey
RE/MAX Results - Rochester
List Price
$189,900
Sold Price
$205,000
Premium/Discount to List
$15,100
7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$143,500
Interest Rate
4.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2009
Sold by
Suk Goldie C
Bought by
Suk Goldie C and Goldie C Suk Living Trust
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
Knights Llc $500 Knight Barry Title
Mumin Omar Mohamed $420,000 Rochester Title & Escrow Compa
S & R Management Llc $205,000 Rochester Title
Suk Goldie C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knights Llc $346,800
Previous Owner S & R Management Llc $143,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2024 03/28/24 Sold $420,000 +5.0% $124 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $399,900 +95.1% $118 / Sq Ft
07/18/2014 07/18/14 Sold $205,000 +8.0% $70 / Sq Ft View Prior Sale
05/10/2014 05/10/14 Pending -- -- --
05/09/2014 05/09/14 For Sale $189,900 -- $64 / 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 $1,078 $77,100 $13,000 $64,100
2023 $1,004 $78,100 $13,000 $65,100
2022 $986 $75,700 $13,000 $62,700
2021 $940 $71,700 $9,000 $62,700
2020 $934 $68,200 $7,000 $61,200
2019 $920 $65,100 $7,000 $58,100
2018 $813 $64,400 $7,000 $57,400
2017 $794 $57,800 $7,000 $50,800
2016 $702 $54,500 $7,000 $47,500
2015 $668 $47,000 $7,000 $40,000
2014 $674 $47,500 $7,000 $40,500
2012 -- $49,100 $7,000 $42,100
Source: Public Records

Agents Affiliated with this Home

  • Daniel Kingsley

    Seller's Agent in 2024

    Daniel Kingsley

    eXp Realty

    (507) 990-6120

    187 Total Sales

    Daniel Kingsley
    Section Image
  • Clay Matson

    Buyer's Agent in 2024

    Clay Matson

    Jewson Realty

    (651) 564-0556

    80 Total Sales

    Clay Matson
    Section Image

  • G

    Seller's Agent in 2014

    Gary Schueller

    RE/MAX

  • B

    Buyer's Agent in 2014

    Bill Towey

    RE/MAX

See All Agents

Map

Source: NorthstarMLS

MLS Number: 6495980

NorthstarMLS

APN: 74.15.42.010790

Minnesota Olmsted County Rochester 55901

1626 45th St NW, Rochester, MN

This home is located at 1626 45th St NW, Rochester, MN 55901 since 29 February 2024 and is currently estimated at $180,665, approximately $53 per square foot. This property was built in 1982. 1626 45th St NW is a home located in Olmsted County with nearby schools including Gage Elementary School, John Adams Middle School, and John Marshall Senior High School.

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