NOT LISTED FOR SALE

205 7th Ave NW Waseca, MN 56093

Estimated Value: $178,000 - $208,000

5 Beds
3 Baths
1,796 Sq Ft
$105/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $102,000 $57 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,191/month

52 Days on Market

About This Home

As of January 2019

Great opportunity for investment/owner occupant. Well maintained and updated property that is ready to generate income from day one. 3 units. Two of units are 2 bed and 1 bath and the 3rd unit is a 1 bed, 1 bath. All units are occupied and 24 hour notice is required for all showings.

Last Agent to Sell the Property

Jenifer Dvorak

Edina Realty Inc. Mankato License #40470440 Listed on: 11/23/2018

Edina Realty Inc.  Mankato

Last Buyer's Agent

Jenifer Dvorak

Edina Realty Inc. Mankato License #40470440 Listed on: 11/23/2018

Edina Realty Inc.  Mankato

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,509

Year Built

  • Built in 1965

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 100x157x58x180

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Vinyl Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,796 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Location

  • Ground Level
  • Lower Level
  • Upper Level

Utilities

  • Boiler Heating System

Community Details

  • 3 Units
  • Gross Income $19,200

Listing and Financial Details

  • Tenant pays for cable TV, electric, trash
  • The owner pays for fuel, maint/repair, water/sewer
  • Assessor Parcel Number 171010070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,509

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Triplex
  • Assessment Balance: 4788.6
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 898
  • L V T Date: 11/27/2018
  • Parcel Number: 171010070
  • Price Per Square Foot: 37.86
  • Projected Closed Date: 01/28/2019
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 7297.66
  • Estimated Number of Acres: 0.28
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1796
  • Total Square Footage: 2694
  • Below Grade Finished Sq Ft: 700

Exterior Features

  • Frontage Road: City
  • Construction Type: Concrete Block
  • Exterior: Vinyl
  • Roof: Flat

Utilities

  • Fuel: Natural Gas
  • Heat: Boiler
  • Sewer: City
  • Water: City

Schools

  • School District: Waseca #829

Lot Info

  • Estimated Lot Dimensions: 100x157x58x180

Rental Info

  • Owner Expense: Fuel, Maint/Repair, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Trash

Building Info

  • Year Built: 1965

Multi Family

  • Est Annual Gross Expense: 7079
  • Est Annual Gross Income: 19200

Tax Info

  • Year: 2018
  • Tax Value: 2509

MLS Schools

  • School District: Waseca #829

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2017
Sold by
Nelson Kelvin Kelvin
Bought by
Farr Whitney Whitney
Current Estimated Value
$188,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,730
Outstanding Balance
$89,476
Interest Rate
3.96%
Estimated Equity
$102,675

Purchase Details

Closed on
Oct 30, 2015
Sold by
Miller Jean Jean
Bought by
Nelson Kelvin Kelvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,951
Interest Rate
3.76%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Farr Whitney Whitney $109,000 --
Farr Whitney $109,000 None Available
Nelson Kelvin Kelvin $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farr Whitney Whitney $105,730
Previous Owner Nelson Kelvin Kelvin $62,951
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Sold $102,000 0.0% $57 / Sq Ft
01/18/2019 01/18/19 Off Market $102,000 -- --
01/14/2019 01/14/19 Pending -- -- --
01/10/2019 01/10/19 Off Market $102,000 -- --
01/07/2019 01/07/19 For Sale $140,000 +37.3% $78 / Sq Ft
12/01/2018 12/01/18 Off Market $102,000 -- --
11/23/2018 11/23/18 For Sale $140,000 -- $78 / Sq Ft
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
2023 $1,882 $141,800 $30,300 $111,500
2022 $1,954 $136,800 $38,600 $98,200
2021 $1,768 $118,900 $33,700 $85,200
2020 $1,574 $109,900 $31,200 $78,700
2019 $1,454 $100,300 $29,800 $70,500
2018 $1,418 $94,400 $26,800 $67,600
2017 $1,542 $65,700 $18,652 $47,048
2016 $1,396 $64,100 $17,507 $46,593
2015 -- $55,100 $16,133 $38,967
2012 -- $61,000 $16,790 $44,210
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7019657

REALTOR® Association of Southern Minnesota

APN: 17.113.0100