NOT LISTED FOR SALE

Estimated Value: $299,000 - $342,000

Studio
2 Baths
2,688 Sq Ft
$116/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2020

Last sale price $175,000 $65 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,798 / mo

13 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • No HOA
  • Parking Storage or Cabinetry

About This Home

As of November 2020

Now is the time to invest in real estate! With mortgage rates at an all-time low, even investor rates are very competitive so you'll be able to maximize your monthly rent income for years in the future. Strategically located to access all community services, this rental unit was just remodeled within the last 3 years. Tenants are stable but month-to-month leases are in place for the future owner's flexibility. Tenants also pay all their own utilities including electric, gas, water, sewer and trash. Visit soon! It will be great to purchase an investment that doesn't need upgrading.! This home has 2 units. One unit is a 2 bedroom, 1.5 bath unit that brings in a monthly income of $875.00 and a second unit with 3 bedrooms, 1.5 baths that brings in a monthly income of $1,000.00. That is $22,500 of annual income for this investment!! Don't miss out on this amazing opportunity!

Last Agent to Sell the Property

Audrey Brodie

(302) 677-0770 audrey@delawarerealestateexperts.com First Class Properties License #RB-0020412 Listed on: 07/25/2020

Last Buyer's Agent

Mirla Aleman

(302) 313-1600 jose@askforjose.com Linda Vista Real Estate

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $989

Year Built

  • Built in 1930

Lot Details

  • 17,010 Sq Ft Lot
  • Lot Dimensions are 60.00 x 283.50

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Driveway

Home Design

  • 2,688 Sq Ft Home
  • Duplex
  • Frame Construction
  • Shingle Roof

Kitchen

  • Stove
  • Microwave

Flooring

  • Wood
  • Vinyl

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 4700-000
  • Assessor Parcel Number MN-09-17016-01-4700-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$989

Year Built

Built in 1930

Lot Details

0.39 Acres

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant personal belongings
  • Historic: No
  • Inclusions: Stoves, refrigerators, washers, dryers
  • New Construction: No
  • Expected On Market: 2020-07-25
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Stove, Refrigerator, Washer, Dryer, Microwave
  • Flooring Type: Hardwood, Vinyl
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 2688
  • Living Area Sq Ft: 2688
  • Price Per Sq Ft: 63.21
  • Above Grade Finished Sq Ft: 2688
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.39
  • Lot Dimensions: 60.00 x 283.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17010.00
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 22500.00
  • Units Leased Count: 2
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 2458477
  • School Tax: 555.00
  • Tax Annual Amount: 989.00
  • Assessor Parcel Number: MN-09-17016-01-4700-000
  • Tax Lot: 4700-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: LAKE FOREST

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

Listed on
Oct 18, 2016
Closed on
Aug 14, 2017
Sold by
Bought by
Seller's Agent
Wes Cromer
Masten Realty LLC
Buyer's Agent
Ken Brodie
First Class Properties
List Price
$155,000
Sold Price
$108,300
Premium/Discount to List
-$46,700
-30.13%
Current Estimated Value
$311,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,516
Avg. Annual Appreciation
12.45%
Original Mortgage
$86,640
Outstanding Balance
$70,632
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$241,184

Purchase Details

Closed on
Dec 1, 1997
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$108,300 None Available
$89,900 --
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 $86,640
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 Prior Sale
11/02/2020 11/02/20 Sold $175,000 +3.0% $65 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/25/2020 07/25/20 For Sale $169,900 0.0% $63 / Sq Ft
03/01/2019 03/01/19 Rented $950 0.0% --
01/09/2019 01/09/19 Off Market $950 -- --
08/22/2017 08/22/17 Sold $108,300 -13.4% -- View Prior Sale
06/15/2017 06/15/17 Pending -- -- --
06/01/2017 06/01/17 Price Changed $125,000 -10.7% --
04/04/2017 04/04/17 Price Changed $140,000 -9.7% --
10/18/2016 10/18/16 For Sale $155,000 -- --
Source: Bright MLS

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 $1,056 $293,300 $55,100 $238,200
2024 $1,052 $293,300 $55,100 $238,200
2023 $751 $31,900 $7,400 $24,500
2022 $660 $31,900 $7,400 $24,500
2021 $623 $31,900 $7,400 $24,500
2020 $651 $31,900 $7,400 $24,500
2019 $652 $31,900 $7,400 $24,500
2018 $645 $31,900 $7,400 $24,500
2017 $687 $31,900 $0 $0
2016 $628 $31,900 $0 $0
2015 -- $31,900 $0 $0
2014 -- $31,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DEKT240546

Bright MLS

APN: 6-09-17016-01-4700-000

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