NOT LISTED FOR SALE

Estimated Value: $238,000 - $338,000

4 Beds
3 Baths
1,674 Sq Ft
$161/Sq Ft Est. Value

Last Sold November 08, 2023

Last sale price $236,000 $141 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,532/month

11 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Property has 3 Levels
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2023

Good income producing triplex in the super convenient Brainerd area near shops, restaurants, downtown and I-24. All three units are occupied and separately metered and utilities are paid by tenants. Seller has updated the kitchens and flooring to vinyl. Roof is metal and 5 years old and there is a small storage area at rear for each tenant. Property is being Sold ''As Is''and buyer is responsible to do their due diligence to verify that all information is correct, accurate and for obtaining any and all restrictions for the property.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,810

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 100x 150

Home Design

  • Property Attached
  • Metal Roof

Interior Spaces

  • 1,674 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Schools

  • Barger Academy Of Fine Arts Elementary School
  • Dalewood Middle School
  • Brainerd High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $750
  • Assessor Parcel Number 157G E 014

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Fairfax Rev Subdivision

Building Details

  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,810

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1945
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • Attribution Contact: 4236057065
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Building Area Units: Square Feet
  • Living Area: 1674
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 100x 150
  • Lot Size Units: Acres
  • Parcel #: 157G E 014
  • Property Attached Yn: Yes

Multi Family

  • Gross Income: 26400
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 3
  • Total Actual Rent: 750

Tax Info

  • Tax Annual Amount: 1810

MLS Schools

  • Elementary School: Barger Academy of Fine Arts
  • High School: Brainerd High School
  • Middle Or Junior School: Dalewood Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Nov 7, 2023
Sold by
Lamberton Eric
Bought by
Henry Travis and Henry Gentry
List Price
$250,000
Sold Price
$236,000
Premium/Discount to List
-$14,000
-5.6%
Views
58
Current Estimated Value
$269,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,472
Avg. Annual Appreciation
4.32%
Original Mortgage
$118,000
Outstanding Balance
$116,376
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$138,709

Purchase Details

Listed on
Oct 4, 2023
Closed on
Nov 6, 2023
Sold by
217 Sequoia Drive Trust
Bought by
Lamberton Eric
List Price
$250,000
Sold Price
$236,000
Premium/Discount to List
-$14,000
-5.6%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Outstanding Balance
$116,376
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$138,709

Purchase Details

Closed on
Jan 6, 2020
Sold by
Lamberton Eric
Bought by
Smith Scott Royal and 217 Sequoia Drive Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2019
Sold by
Ault Chester V and Ault Catherine B
Bought by
Lamberton Eric
Source: Public Records

Range of Values:

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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
Henry Travis $236,000 None Listed On Document
Lamberton Eric -- None Listed On Document
Smith Scott Royal -- None Available
Lamberton Eric $70,000 First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henry Travis $118,000
Previous Owner Lamberton Eric $95,000
Previous Owner Morgan Jonathan L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2023 11/08/23 Sold $236,000 -5.6% $141 / Sq Ft
10/15/2023 10/15/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $250,000 -- $149 / Sq Ft
Source: Realtracs

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 $902 $40,320 $0 $0
2023 $902 $40,320 $0 $0
2022 $902 $40,320 $0 $0
2021 $902 $40,320 $0 $0
2020 $876 $31,680 $0 $0
2019 $876 $31,680 $0 $0
2018 $848 $31,680 $0 $0
2017 $876 $31,680 $0 $0
2016 $650 $0 $0 $0
2015 $1,309 $23,520 $0 $0
2014 $1,309 $0 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2712964

Realtracs

APN: 157G-E-014