1831 8th St SE Pine Island, MN 55963
Estimated payment $4,841/month
Total Views
3,756
32
Acres
$24,000
Price per Acre
1,406,552
Sq Ft Lot
About This Lot
This land is located in a prime location, offering various benefits for potential investors!
Firstly, its close proximity to a major highway provides easy accessibility and transportation options for both residents and businesses. Additionally, having the renowned Mayo Clinic nearby adds significant value to the property. The clinic's reputation as a leading medical facility attracts visitors from all over, which can enhance the potential business opportunities or rental prospects for the land.
Furthermore, the property's advantageous position near the Zumbro River offers beautiful views and recreational opportunities. This natural feature adds a touch of tranquility and enhances the overall appeal of the location. Moreover, situated near a golf course provides added recreational amenities for residents or potential tenants. This feature can be an attractive selling point for those interested in a lifestyle that includes leisure activities and socializing.
Overall, considering the strategic location, proximity to major facilities, natural surroundings, and recreational offerings, this property holds great potential for both expansion of existing land holdings and making a profitable investment in land.
Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Associate Broker & Realtor Jen Busch at 507-923-7657 for more information regarding this property.
32.29 +/- Deeded Acres
All tillable
CPI of 70.4
Development potential
Very near to the famous Douglas Trail
Close to Zumbro River
Great location just outside of Pine Island, MN
Very near Highway 52 [The Golden Corridor]
Pine Island Golf Course nearby
Excellent tillable farmland with great rental rates
Minutes from Rochester & Mayo Clinic
Real Estate taxes $4,044
Listing Provided By
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,098
Year Built
- 2001
Lot Details
- Current uses include agriculture
- Potential uses include agriculture
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $6,098 | $377,500 | $55,000 | $322,500 |
| 2022 | $5,864 | $357,600 | $55,000 | $302,600 |
| 2021 | $5,474 | $316,500 | $40,000 | $276,500 |
| 2020 | $5,120 | $311,000 | $40,000 | $271,000 |
| 2019 | $5,000 | $288,500 | $40,000 | $248,500 |
| 2018 | $4,559 | $280,300 | $30,000 | $250,300 |
| 2017 | $4,376 | $259,900 | $30,000 | $229,900 |
| 2016 | $3,648 | $234,100 | $28,200 | $205,900 |
| 2015 | $3,530 | $187,000 | $27,300 | $159,700 |
| 2014 | $3,044 | $189,000 | $27,300 | $161,700 |
| 2012 | -- | $199,400 | $36,739 | $162,661 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2023 11/17/23 | For Sale | $774,960 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $229,900 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $198,500 | New Conventional | |
| Closed | $183,900 | New Conventional | |
| Previous Owner | $60,600 | Credit Line Revolving |
Source: Public Records
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