NOT LISTED FOR SALE

213 E 4th St Red Wing, MN 55066

Estimated Value: $204,000 - $272,000

6 Beds
3 Baths
2,349 Sq Ft
$102/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $230,000 $98 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,525/month

31 Days on Market

About This Home

As of January 2024

*Offer received before print. This Tri-plex is an excellent investment opportunity. 3-two Bedroom, 1 Full bath units with washer and dryer hook-ups. 2 car garage and off street parking. All units occupied on a month-month lease.

Last Agent to Sell the Property

Stacee Draz

Draz Real Estate Inc. Listed on: 12/02/2023

Co-Listed By

Lindsay Draz

Draz Real Estate Inc.

Last Buyer's Agent

Stacee Draz

Draz Real Estate Inc. Listed on: 12/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,826

Year Built

  • Built in 1880

Lot Details

  • 6,534

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement
  • Basement Window Egress

Additional Features

  • Front Porch
  • Lot Dimensions are 42.5x140x42.5x140
  • Boiler Heating System

Community Details

  • 3 Units
  • Aud Sub Of East R W Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for insurance, taxes, trash collection, water
  • Assessor Parcel Number 550201270

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,826

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1880
  • Above Grade Finished Sq Ft: 1624
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 26x34x28x26
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Egress Window(s), Finished, Full, Stone/Rock
  • Living Area: 2349
  • Below Grade Finished Sq Ft: 725
  • Owner Pays: Insurance, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Fencing: None
  • ConstructionMaterialsDesc: Stone
  • PatioPorchType: Front Porch

Garage/Parking

  • Parking Features: Detached, Asphalt
  • Garage Square Feet: 576
  • Garage Door Height: 7

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Red Wing
  • SchoolDistrictNumber: 256
  • SchoolDistrictPhone: 651-385-4500

Lot Info

  • Lot Size: 42.5x140x42.5x140
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 3

Rental Info

  • Expenses: 9052.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 550201270
  • Tax Annual Amount: 2826
  • TaxWithAssessments: 2826.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2023
Closed on
Dec 27, 2023
Sold by
Miller Jason J
Bought by
Buxton Zachary C and Kulenkamp Joshua L
Seller's Agent
Stacee Draz
Draz Real Estate Inc.
Buyer's Agent
Stacee Draz
Draz Real Estate Inc.
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%
Views
36
Current Estimated Value
$239,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,009
Avg. Annual Appreciation
2.25%
Original Mortgage
$172,500
Outstanding Balance
$169,670
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$69,339

Purchase Details

Listed on
Mar 31, 2023
Closed on
Sep 6, 2023
Sold by
Sjostrom Douglas and Sjostrom Kim
Bought by
Miller Jason
Seller's Agent
Randy Brock
WightmanBrock Real Estate Advisors
Buyer's Agent
Stacee Draz
Draz Real Estate Inc.
List Price
$180,000
Sold Price
$125,000
Premium/Discount to List
-$55,000
-30.56%
Views
334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
534.57%
Original Mortgage
$250,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2023
Closed on
Aug 22, 2023
Sold by
Sjostrom Douglas W and Sjostrom Kim J
Bought by
Miller Jason J
Seller's Agent
Randy Brock
WightmanBrock Real Estate Advisors
Buyer's Agent
Stacee Draz
Draz Real Estate Inc.
List Price
$180,000
Sold Price
$125,000
Premium/Discount to List
-$55,000
-30.56%
Views
334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2023
Sold by
Sjostrom Douglas W and Sjostrom Kim J
Bought by
Bechel Brandon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,750
Interest Rate
6.35%

Purchase Details

Closed on
Mar 30, 2000
Sold by
Bremer Robert J and Bremer Terri A
Bought by
Sjostrom Douglas W and Sjostrom Kim J
Source: Public Records

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
Buxton Zachary C $230,000 Knight Barry Title
Miller Jason $250,000 --
Miller Jason J $250,000 None Listed On Document
Bechel Brandon D $149,000 None Listed On Document
Sjostrom Douglas W $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buxton Zachary C $172,500
Previous Owner Miller Jason $250,000
Previous Owner Miller Jason J $244,266
Previous Owner Bechel Brandon D $111,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2024 01/03/24 Sold $230,000 -4.1% $98 / Sq Ft
12/02/2023 12/02/23 For Sale $239,900 +91.9% $102 / Sq Ft
09/06/2023 09/06/23 Sold $125,000 -30.6% $53 / Sq Ft View Prior Sale
08/04/2023 08/04/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $180,000 -- $76 / 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
2025 $3,028 $187,100 $23,700 $163,400
2024 $3,028 $183,600 $23,400 $160,200
2023 $2,942 $173,100 $23,400 $149,700
2022 $2,642 $171,900 $23,400 $148,500
2021 $2,438 $145,800 $23,400 $122,400
2020 $2,510 $136,700 $23,400 $113,300
2019 $2,460 $131,500 $23,400 $108,100
2018 $2,042 $130,400 $21,300 $109,100
2017 $1,990 $113,000 $21,300 $91,700
2016 $1,960 $111,600 $21,300 $90,300
2015 $1,884 $115,000 $21,300 $93,700
2014 -- $109,900 $21,300 $88,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6464020

NorthstarMLS

APN: 55.020.1270