NOT LISTED FOR SALE

16503 Soo Line Rd Willow River, MN 55795

Estimated Value: $380,000 - $910,000

2 Beds
2 Baths
1,176 Sq Ft
$511/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $225,000 $191 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $3,514/month

41 Days on Market

Highlights

  • 3,528,360 Sq Ft lot
  • 1-Story Property
  • Dining Room
  • No HOA
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of June 2021

Now available we have this 81 acre hobby farm located near the town of Denham. Features of this property include a 2 bedroom, 2 bath one level home that was built in 1978. A detached 20 X 24 garage, the original home that has been turned into a workshop/storage, a large pole building, three 20 X 30 lean to’s, a bunk house, an old pump house and a silo. The home has a hand dug well and there is also an artesian well that flows 24/7 that would work great for cattle and or other livestock. The 80 plus acres consists of tillable land, pasture and some wooded land. It’s roughly about 95% high ground with a couple of ponds and a seasonal creek that flows through the property. All this located at the end of Soo Line Road. Very private with an abundance of wildlife.

Last Listed By

Bryan Ketchmark

Majestic Pine Realty, Inc. Listed on: 03/26/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 1978

Lot Details

  • 81 Acre Lot
  • Lot Dimensions are 1320 x 2640
  • Few Trees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,176 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Farming

  • Tillable Land

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Artesian Water
  • Well
  • Dug Well
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 040239000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,322

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Artesian, Dug, Well
  • Year Built: 1978
  • Above Grade Finished Sq Ft: 1176
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: DSL
  • FoundationDimensions: 28 X 42
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Electric, Living Room
  • Living Area: 1176
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Laundry
  • SqFtTotal: 1176.00

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • Other Structures: Additional Garage, Grain Bin, Lean-To, Loafing Shed, Machine Shed, Workshop
  • ConstructionMaterialsDesc: Frame
  • Farm Type: Beef,Hobby,Horse
  • Soil Type: Clay

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 480
  • ParkingOpen: 10
  • Garage Door Height: 7

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer, Tank with Drainage Field
  • Electric: 100 Amp Service
  • Fuel: Electric,Oil
  • Power Company: East Central Energy

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Willow River
  • SchoolDistrictNumber: 577
  • SchoolDistrictPhone: 218-372-3131

Lot Info

  • Topography: Level
  • PropertyAttachedYN: No
  • Lot Size: 1320 X 2640
  • Lot Size Sq Ft: 3528360
  • Land Lease: No
  • Lot Features: Tillable, Tree Coverage - Light
  • PastureArea: 50
  • Wooded Area: 11
  • Cultivated Acreage: 20
  • Additional Parcels: No
  • Zoning Description: Agriculture
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 040239000
  • Tax Annual Amount: 2322
  • TaxWithAssessments: 2322.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jun 10, 2021
Sold by
Carlson Dana Marie and Carlson William
Bought by
Mallory David T and Mallory Rebecca I
Seller's Agent
Bryan Ketchmark
Majestic Pine Realty, Inc.
Buyer's Agent
Kari Moen Martichuski
Coldwell Banker Realty
List Price
$279,900
Sold Price
$225,000
Premium/Discount to List
-$54,900
-19.61%
Total Days on Market
41
Current Estimated Value
$601,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,504
Avg. Annual Appreciation
17.91%
Original Mortgage
$205,000
Interest Rate
2.9%
Mortgage Type
New Conventional

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
Mallory David T $225,000 Title Hinckley
Mallory David David $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornerstone Utility Constructi $500,000
Closed Mallory David Thomas $70,000
Closed Mallory Rebecca L $27,000
Closed Mallory David T $205,000
Closed Mallory David David $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2021 06/10/21 Sold $225,000 -19.6% $191 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $279,900 -- $238 / 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 $1,960 $468,900 $243,400 $225,500
2023 $2,528 $389,600 $267,400 $122,200
2022 $2,172 $294,500 $175,200 $119,300
2021 $2,332 $214,300 $124,100 $90,200
2020 $1,182 $188,100 $107,500 $80,600
2019 $1,282 $195,500 $110,200 $85,300
2018 $1,016 $194,100 $112,500 $81,600
2017 $966 $191,000 $108,700 $82,300
2016 $852 $181,600 $107,400 $74,200
2014 $990 $147,500 $101,509 $45,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 5730696

NorthstarMLS

APN: 004.0239.000