Seller's Agent in 2024
Kyle Swanson
eXp Realty
(507) 226-4430
252 Total Sales
221 18th St SW Rochester, MN 55902
Estimated Value: $594,000 - $664,000
8
Beds
8
Baths
3,752
Sq Ft
$171/Sq Ft
Est. Value
About This Home
As of October 2024This updated 4-plex offers four units, each with 2 bedrooms, 2 bathrooms, private entrances, decks, and porches. Inside, enjoy luxury vinyl planking and in-unit washers and dryers for tenant convenience. Two units are fully furnished, while two are unfurnished, providing flexibility for different rental needs.
Recent upgrades include a newly repaved driveway and a completely rebuilt retaining wall, adding to the property’s appeal and functionality. With private parking spaces, durable vinyl siding, and a roof under 8 years old, this low-maintenance property is perfect for generating steady income. An ideal opportunity for investors or owner-occupants!
Last Agent to Sell the Property
eXp Realty Brokerage Phone: 507-226-4430 Listed on: 08/29/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,900
Year Built
- Built in 1983
Lot Details
- Lot Dimensions are 86x110
Home Design
- Quadruplex
- Bi-Level Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Schools
- Ben Franklin Elementary School
- Willow Creek Middle School
- Mayo High School
Utilities
- Forced Air Heating System
- Cable TV Available
Community Details
- 4 Units
- Golden Hill Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 641143076898
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2024
Closed on
Oct 11, 2024
Sold by
Lb Investment Properties Llc
Bought by
Familia Llc
Seller's Agent
Kyle Swanson
eXp Realty
Buyer's Agent
Diego Correa Bravo
Re/Max Results
List Price
$625,000
Sold Price
$625,000
Views
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,043
Avg. Annual Appreciation
2.38%
Original Mortgage
$475,000
Outstanding Balance
$398,540
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$241,503
Purchase Details
Closed on
Nov 30, 2023
Sold by
Pine Island Bank
Bought by
New Line Investments Llc
Purchase Details
Closed on
May 29, 2013
Sold by
Johnson Grant A and Johnson Krista A
Bought by
Lb Investment Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.38%
Mortgage Type
Credit Line Revolving
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Familia Llc | $625,000 | Rochester Title | |
| Familia Llc | $625,000 | Rochester Title | |
| New Line Investments Llc | $500 | Rochester Title | |
| Lb Investment Properties Llc | $225,000 | Rochester Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Familia Llc | $475,000 | |
| Closed | Familia Llc | $475,000 | |
| Previous Owner | Lb Investment Properties Llc | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $625,000 | 0.0% | $167 / Sq Ft |
| 09/07/2024 09/07/24 | Pending | -- | -- | -- |
| 09/05/2024 09/05/24 | For Sale | $625,000 | -- | $167 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $7,012 | $405,700 | $50,000 | $355,700 |
| 2023 | $6,033 | $385,700 | $50,000 | $335,700 |
| 2022 | $4,718 | $312,900 | $40,000 | $272,900 |
| 2021 | $4,810 | $282,200 | $40,000 | $242,200 |
| 2020 | $5,020 | $287,900 | $37,800 | $250,100 |
| 2019 | $4,332 | $287,900 | $37,800 | $250,100 |
| 2018 | $4,178 | $250,200 | $39,100 | $211,100 |
| 2017 | $4,204 | $238,500 | $39,100 | $199,400 |
| 2016 | $3,942 | $238,500 | $39,100 | $199,400 |
| 2015 | $3,524 | $217,700 | $39,100 | $178,600 |
| 2014 | $3,486 | $204,800 | $39,100 | $165,700 |
| 2012 | -- | $204,800 | $39,100 | $165,700 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Swanson
-
Diego Correa Bravo
Buyer's Agent in 2024
Diego Correa Bravo
RE/MAX
(507) 601-9145
20 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6594139
APN: 64.11.43.076898
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