NOT LISTED FOR SALE

312 W 3rd St Monticello, MN 55362

Estimated Value: $268,708

5 Beds
2 Baths
1,856 Sq Ft
$145/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $235,000 $127 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,631/month

40 Days on Market

Highlights

  • Forced Air Heating System
  • Pinewood Elementary School Rated A-
  • Baseboard Heating

About This Home

As of August 2023

Opportunity knocks! Here's your chance to own an income producing duplex. Main level unit has 3 bedrooms a a nice kitchen, ceramic and carpet flooring, washer and dryer! The upper unit has 2 bedrooms 2 porches, washer and dryer. Great yard and ample parking for tenants and their visitors. Both units are currently rented. Improvements in the last year: Paint, blinds, lawn care, new stove, closet doors, ceiling tiles, kitchen tiles, deglazing tub, plumbing improvements and more.

Last Agent to Sell the Property

Mark Fischer

Edina Realty, Inc. Listed on: 06/28/2023

Edina Realty, Inc.

Last Buyer's Agent

Sam Steadman

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,046

Year Built

  • Built in 1870

Lot Details

  • Lot Dimensions are 66x165

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,856 Sq Ft Home
  • 2-Story Property
  • Basement
  • Stone or Rock in Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units
  • Original Monticello Subdivision

Listing and Financial Details

  • The owner pays for insurance, taxes, trash collection, water
  • Assessor Parcel Number 155010030080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,046

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1870
  • Above Grade Finished Sq Ft: 1856
  • Water Sewer Expenses: 1440
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Living Area: 1856
  • Owner Pays: Insurance, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Dryer,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 6
  • Amenities: Porch
  • Appliances: Dryer,Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 5

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Monticello
  • SchoolDistrictNumber: 882
  • SchoolDistrictPhone: 763-272-2000

Lot Info

  • Lot Size: 66x165
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 3260.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 155010030080
  • Tax Annual Amount: 2046
  • TaxWithAssessments: 2046.0000

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Aug 11, 2023
Sold by
Miley Bradley and Miley Denise
Bought by
Mc & Sons Properties Group Llc
Seller's Agent
Mark Fischer
Edina Realty, Inc.
Buyer's Agent
Sam Steadman
RE/MAX Results
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%
Views
200
Current Estimated Value
$268,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,708
Avg. Annual Appreciation
6.28%
Original Mortgage
$176,250
Outstanding Balance
$172,159
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$96,549

Purchase Details

Closed on
Sep 7, 2022
Sold by
Bolinske Chad and Bolinske Kristin
Bought by
Miley Bradley and Miley Denise

Purchase Details

Closed on
Oct 23, 2017
Sold by
Olson Russell C and Olson Sandra L
Bought by
Bolinske Michael D and Bolinske Chad

Purchase Details

Closed on
Nov 15, 2005
Sold by
Olson Russell C and Olson Sandra L
Bought by
Othoudt Darwin E and Othoudt Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8%
Mortgage Type
Land Contract Argmt. Of Sale
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
Mc & Sons Properties Group Llc $235,000 --
Miley Bradley $225,000 --
Bolinske Michael D $99,900 Siena Title
Othoudt Darwin E $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mc & Sons Properties Group Llc $176,250
Previous Owner Othoudt Darwin E $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2023 08/11/23 Sold $235,000 -6.0% $127 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $250,000 -- $135 / 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 $2,662 $211,100 $85,000 $126,100
2024 $2,040 $208,800 $85,000 $123,800
2023 $2,040 $168,100 $85,000 $83,100
2022 $1,776 $160,400 $85,000 $75,400
2021 $1,606 $127,600 $60,000 $67,600
2020 $1,586 $115,300 $50,000 $65,300
2019 $1,558 $113,100 $0 $0
2018 $1,550 $109,100 $0 $0
2017 $1,470 $117,600 $0 $0
2016 $1,296 $0 $0 $0
2015 $1,278 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6387696

NorthstarMLS

APN: 155-010-030080