NOT LISTED FOR SALE

306 State Ave Owatonna, MN 55060

5 Beds
3 Baths
4,171 Sq Ft
0.85 Acres

Last Sold December 27, 2024

Last sale price $240,000 $58 Per Sq Ft

90 Days on Market

Highlights

  • Deck
  • Community Deck or Porch
  • 4-minute walk to Lake Chase Park

About This Home

As of December 2024

Fully operating triplex located on .85 acre. Tenants pay their own electric, owner pays gas, water and sewer. Each unit has their own garage. Long time tenants in place. Washer and dryer in main 3 plus bedroom unit with central air. Great opportunity to house hack or add to your investment portfolio. Owner open to partial seller financing. 24 notice required.

Last Agent to Sell the Property

Jason Sarazine

Worth Clark Realty Listed on: 08/29/2024

Worth Clark Realty

Last Buyer's Agent

Tovi Muma

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,314

Year Built

  • Built in 1895

Lot Details

  • 0.85

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Laundry in Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Boiler Heating System
  • 100 Amp Service

Additional Features

  • Deck
  • Lot Dimensions are 370 x 57.75

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, heat, insurance, grounds care, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 176520101

Community Details

Overview

  • 3 Units
  • Lord Manor Add Subdivision

Amenities

  • Community Deck or Porch

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,314

Year Built

Built in 1895

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Association Amenities: Deck
  • Year Built: 1895
  • Above Grade Finished Sq Ft: 2730
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other
  • Living Area: 4171
  • Below Grade Finished Sq Ft: 1441
  • Owner Pays: Gas, Heat, Insurance, Grounds Care, Repairs, Sewer, Taxes, Trash Collection, Water
  • Basement YN: No
  • Amenities: Ceiling Fan(s), Deck, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Total Rooms: 2

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Deck

Garage/Parking

  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler
  • Sewer: City Sewer - In Street
  • LaundryFeatures: In Basement
  • Electric: 100 Amp Service
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Owatonna
  • SchoolDistrictPhone: 5074448610

Lot Info

  • Lot Size: 370 x 57.75
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 3

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 176520101
  • Tax Annual Amount: 3314
  • TaxWithAssessments: 3314

Multi Family

  • TenantPays: Electricity
  • FuelExpense: 983.64
  • Number Of Refrigerators: Three

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $240,000 -6.9% $58 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/14/2024 11/14/24 Price Changed $257,900 -4.4% $62 / Sq Ft
10/25/2024 10/25/24 Price Changed $269,900 -3.6% $65 / Sq Ft
09/23/2024 09/23/24 Price Changed $279,900 -3.4% $67 / Sq Ft
09/10/2024 09/10/24 Price Changed $289,900 -3.3% $70 / Sq Ft
08/29/2024 08/29/24 For Sale $299,900 -- $72 / 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 $3,312 $229,700 $55,700 $174,000
2024 $3,438 $173,600 $55,700 $117,900
2023 $3,314 $179,400 $55,700 $123,700
2022 $3,416 $165,600 $50,100 $115,500
2021 $3,544 $151,704 $49,098 $102,606
2020 $3,746 $155,428 $49,098 $106,330
2019 $3,260 $156,996 $49,098 $107,898
2018 $0 $144,942 $49,098 $95,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6590988

NorthstarMLS