NOT LISTED FOR SALE

2345 Majestic Ln Owatonna, MN 55060

Owatonna Area

Estimated Value: $482,000 - $660,827

1.41 Acres
$409,189 Price per Acre
61,420 Sq Ft Lot

Sale Details

Date Sold: March 10, 2017

Last sale price $35,000

Est. 1,548% increase in value since last sale

Current estimated payment $3,825 / mo

1113 Days on Market

Highlights

  • 1.41 Acre Lot
  • Many Trees
  • Level Lot
  • High Speed Internet

About This Lot

As of March 2017

Beautiful wooded apx 1.41acre building lot adjoining the Maple Creek. Zoned R-1 Single Family ~ A5 flood map therefore contact the city for limited restrictions on this site. Come take a drive to Maple Creek Highlands; the MUST SEE new home development on the NE edge of Owatonna! Upscale neighborhood ~ Beautiful rural setting ~ Advantageous easy access to I-35...only 19mi to Faribault, 43mi to Rochester or 47mi to Mankato. With 20 lots to choose from, pick your preferred size, price & view! From low maintenance lots to wooded 1+ acre lots adjoining the Maple Creek, we have your perfect building location at an affordable price. All lots are ready to build with city water/sewer, paved streets, curb/gutter & underground utilities to the boundary. All builders welcome. No covenants. Limited restrictions. Seller to pay all assessments. Creative financing & builder options available upon request. Put your building plans into motion & purchase your lot today!

Last Agent to Sell the Property

Judy Ness

HOMESTEAD REALTY, LLC Listed on: 01/28/2014

Last Buyer's Agent

Non Member

Non-Member

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 1.41 Acre Lot
  • Level Lot
  • Irregular Lot
  • Many Trees
  • 20 Lots in the community
  • Finished Lot(s)

Utilities

  • Underground Utilities
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Property is near a ravine

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 17-600-0414

Property Details

Property Type

Land

Lot Details

1.41 Acres

Listing Details

  • Class: Lot/Land
  • Sub Type: Residential
  • Assessments: Yes
  • Foreclosure: Yes
  • Parcel Number: 17-600-0414
  • Range: 20
  • Section: 1
  • Twp Number: 107
  • Estimated Number of Acres: 1.41
  • Additional Information: Platted
  • Builder Restrictions: Limited
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved
  • Plat Recorded: Yes
  • Topography: Level, Ravine
  • Special Features: 20
  • Property Sub Type: LotsLands

Utilities

  • Available Utilities: Broadband, Cable Tv, City Water, City Sewer, Electric, Natural Gas, Storm Sewer, Telephone

Lot Info

  • Lot/Land Description: Irregular Lot, Ravine, Tree Coverage - Heavy, Paved Streets, Underground Utilities
  • Estimated Lot Dimensions: Irreg 125x497
  • Total Lots Available: 20

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2018
Sold by
Bought by
Current Estimated Value
$576,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$56,146
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$520,811

Purchase Details

Listed on
Jan 28, 2014
Closed on
Mar 9, 2017
Sold by
Bought by
Seller's Agent
Judy Ness
HOMESTEAD REALTY, LLC
Buyer's Agent
Non Member
Non-Member
List Price
$55,000
Sold Price
$35,000
Premium/Discount to List
-$20,000
-36.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.44%

Purchase Details

Closed on
Jul 6, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Owatonna, MN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$15,000 North American Title
$35,000 North American Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $100,000
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Sold $35,000 -36.4% --
02/14/2017 02/14/17 Pending -- -- --
01/28/2014 01/28/14 For Sale $55,000 -- --
Source: REALTOR® Association of Southern Minnesota

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,920 $522,600 $110,800 $411,800
2024 $6,810 $498,900 $104,300 $394,600
2023 $6,648 $452,900 $99,400 $353,500
2022 $6,514 $418,500 $94,500 $324,000
2021 $6,532 $367,794 $89,670 $278,124
2020 $6,280 $363,874 $89,670 $274,204
2019 $1,706 $336,336 $89,670 $246,666
2018 $922 $91,238 $51,254 $39,984
2017 $1,630 $42,434 $42,434 $0
2016 $1,680 $42,434 $42,434 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7004404

REALTOR® Association of Southern Minnesota

APN: 17-600-0414

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