NOT LISTED FOR SALE

163 River Highlands Ln NW Rochester, MN 55901

Estimated Value: $988,000 - $1,486,423

7.92 Acres
$150,771 Price per Acre
344,995 Sq Ft Lot

Last Sold June 27, 2014

Last sale price $275,000

Est. 334% increase in value since last sale

Current estimated payment $7,585/month

371 Days on Market

About This Lot

As of June 2014

Build your dream home in the country on this 7.92 acre lot. Just 9 walk-out lot homes in the entire subdivision which sits on gently sloping hills along the Zumbro River. Bring the builder of your choice! These are shared well, private septic lots. Very flexible covenants.

Last Agent to Sell the Property

The David & Lois Marris Team

RE/MAX Results - Rochester Listed on: 05/07/2013

Co-Listed By

Damon Doty

RE/MAX Results - Rochester

Last Buyer's Agent

David Marris

RE/MAX Results - Rochester

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,352

Lot Details

  • 7.92 Acre Lot

HOA Fees

  • $25 Monthly HOA Fees

Community Details

  • Association fees include snow removal, lawn care

Property Details

Property Type

Land

Est. Annual Taxes

$15,352

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Residential
  • Estimated Number of Acres: 7.92
  • Comp Dev Subdiv Name: River Place
  • Special Features: None
  • Property Sub Type: LotsLands

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Lawn Care
  • Association Fee Frequency: Monthly
  • Association Fee: Yes
  • Association Fee: 25

Schools

  • School District: Rochester #535

Lot Info

  • Estimated Lot Dimensions: Irreg

Tax Info

  • Year: 2013

MLS Schools

  • School District: Rochester #535

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2013
Closed on
Jun 27, 2014
Sold by
River Highlands Llc
Bought by
Ryssman Daniel B and Ryssman Kelli L
Seller's Agent
The David & Lois Marris Team
RE/MAX Results - Rochester
Buyer's Agent
David Marris
RE/MAX Results - Rochester
List Price
$320,000
Sold Price
$275,000
Premium/Discount to List
-$45,000
-14.06%
Current Estimated Value
$1,194,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$919,106
Avg. Annual Appreciation
13.82%
Original Mortgage
$206,250
Outstanding Balance
$156,153
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,037,953
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ryssman Daniel B $275,000 Ht
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryssman Daniel B $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2014 06/27/14 Sold $275,000 -14.1% --
05/13/2014 05/13/14 Pending -- -- --
05/07/2013 05/07/13 For Sale $320,000 -- --
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
2024 $15,352 $1,237,500 $280,000 $957,500
2023 $13,530 $1,214,600 $280,000 $934,600
2022 $13,346 $1,178,500 $250,000 $928,500
2021 $12,486 $1,091,000 $250,000 $841,000
2020 $12,414 $1,022,600 $250,000 $772,600
2019 $11,522 $957,800 $250,000 $707,800
2018 $1,568 $933,800 $250,000 $683,800
2017 $3,136 $554,500 $240,000 $314,500
2016 $3,212 $220,000 $220,000 $0
2015 $1,796 $220,000 $220,000 $0
2014 $1,542 $130,500 $130,500 $0
2012 -- $95,000 $95,000 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    The David & Lois Marris Team

    RE/MAX

  • D

    Seller Co-Listing Agent in 2014

    Damon Doty

    RE/MAX

  • D

    Buyer's Agent in 2014

    David Marris

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4474103

REALTOR® Association of Southern Minnesota

APN: 74.01.24.080202

Minnesota Olmsted County Rochester 55901

163 River Highlands Ln NW, Rochester, MN

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