NOT LISTED FOR SALE

321 Prairie Way S Bayport, MN 55003

Estimated Value: $562,288 - $636,000

0.22 Acre
$2,760,555 Price per Acre
9,583 Sq Ft Lot

Last Sold October 18, 2013

Last sale price $59,900

Est. 914% increase in value since last sale

Current estimated payment $3,689/month

2 Days on Market

About This Lot

As of October 2013

WONDERFUL INSPIRATION DEVELOPMENT! BEAUTIFUL LAND CONSISTING OF 240 ACRES IN WHICH 170 ACRES ARE OAK SAVANNAS, RESTORED PRAIRIE, RAIN GARDENS, WALKING TRAILS & MORE! GREAT COUNTRY SETTING CLOSE TO AMENITIES! GREAT FLOOR PLANS & PRICING! OPEN BUILDER.

Last Agent to Sell the Property

Tom Drompp

Coldwell Banker Burnet Listed on: 10/16/2013

Co-Listed By

Kari Drompp

Coldwell Banker Burnet

Last Buyer's Agent

Tom Drompp

Coldwell Banker Burnet Listed on: 10/16/2013

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,926

Lot Details

  • 9,583 Sq Ft Lot
  • Building or Site Plan Approved

HOA Fees

  • $58 Monthly HOA Fees

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include management, shared amenities

Listing and Financial Details

  • Assessor Parcel Number 1002920420070

Property Details

Property Type

Land

Est. Annual Taxes

$4,926

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 1002920420070
  • Projected Closed Date: 10/18/2013
  • Taxes With Assessments: 938
  • Estimated Number of Acres: 0.22
  • Additional Information: Easements, Platted
  • Development Status: Site Plan Approved
  • Land Improvements: Curbs/Gutters, Paved, Sidewalk
  • Topography: Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Soil Type: Sand

Utilities

  • On Site Utilities: Cable Tv, City Water, Electric, Natural Gas, Storm Sewer, Telephone

Condo/Co-op/Association

  • HOA Fee Includes: Management, Shared Amenities
  • Association Fee Frequency: Quarterly
  • Association Fee: Yes
  • Association Fee: 175

Lot Info

  • Lot/Land Description: Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2015
Sold by
Nelson Scott R and Nelson Patricia A
Bought by
Palmer John W and Palmer Tammy M
Current Estimated Value
$607,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Outstanding Balance
$52,890
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$554,432

Purchase Details

Listed on
Oct 16, 2013
Closed on
Oct 17, 2013
Sold by
Marketline Holdings Llc
Bought by
Nelson Scott R and Nelson Patricia A
Seller's Agent
Tom Drompp
Coldwell Banker Burnet
Buyer's Agent
Tom Drompp
Coldwell Banker Burnet
List Price
$59,900
Sold Price
$59,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.37%

Purchase Details

Closed on
Nov 3, 2005
Sold by
Contractors Property Developers Co
Bought by
Alexander Cole Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,320
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Palmer John W $70,000 Burnet Title
Nelson Scott R $59,900 Alliance Title
Alexander Cole Group Inc $124,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer John W $63,000
Previous Owner Alexander Cole Group Inc $112,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2013 10/18/13 Sold $59,900 0.0% --
10/18/2013 10/18/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $59,900 -- --
Source: REALTOR® Association of Southern Minnesota

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
2024 $4,926 $513,500 $106,500 $407,000
2023 $4,926 $573,400 $166,500 $406,900
2022 $4,438 $511,000 $150,200 $360,800
2021 $4,238 $442,400 $130,000 $312,400
2020 $4,244 $438,600 $123,000 $315,600
2019 $4,344 $446,800 $115,000 $331,800
2018 $4,154 $421,200 $114,000 $307,200
2017 $1,348 $391,200 $85,000 $306,200
2016 $1,326 $100,000 $100,000 $0
2015 $890 $65,000 $65,000 $0
2013 -- $64,600 $64,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4578435

REALTOR® Association of Southern Minnesota

APN: 10-029-20-42-0070