NOT LISTED FOR SALE
4 Beds
4 Baths
2,832 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: March 7, 2024

Last sale price $199,000 $70 Per Sq Ft

182 Days on Market

About This Home

As of March 2024

With 20% down, this is a terrific opportunity for a cash flowing investment property. Future upgrades would add additional property and rental value. With as little as 5% down, this is an amazing opportunity for an owner occupant who wants to live in one unit, rent out the other three, and potentially live for free. Build equity while your tenants pay off your mortgage. There are four units each of which have 1 bedroom and 1 bath. It is closer than you think: 66 miles to the heart of Minneapolis. 42 miles to St Cloud 37 miles to Buffalo 27 miles to Willmar 21 miles to Hutchinson

Last Agent to Sell the Property

Derrick Witt

LPT Realty, LLC Listed on: 08/11/2023

Last Buyer's Agent

Geri Dahmes

Weichert REALTORS Tower Properties

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,290

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 80x210
  • Few Trees

Home Design

  • Quadruplex
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 2,832 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Boiler Heating System

Community Details

  • 4 Units
  • Crosbys Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, gas, insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 271413000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,290

Year Built

Built in 1890

Lot Details

0.39 Acres

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2832
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 2832
  • Owner Pays: Electricity, Gas, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years
  • Fencing: None

Garage/Parking

  • Parking Features: Concrete

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Litchfield
  • SchoolDistrictPhone: 320-693-2444

Lot Info

  • Lot Size: 80x210
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 271413000
  • Tax Annual Amount: 2290
  • TaxWithAssessments: 2290.0000

Multi Family

  • TenantPays: Cable TV

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
Aug 11, 2023
Closed on
Mar 7, 2024
Sold by
Bought by
Seller's Agent
Derrick Witt
LPT Realty, LLC
Buyer's Agent
Geri Dahmes
Weichert REALTORS Tower Properties
List Price
$219,900
Sold Price
$199,000
Premium/Discount to List
-$20,900
-9.5%
Views
225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Outstanding Balance
$103,317
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2023
Closed on
Mar 5, 2024
Sold by
Bought by
Seller's Agent
Derrick Witt
LPT Realty, LLC
Buyer's Agent
Geri Dahmes
Weichert REALTORS Tower Properties
List Price
$219,900
Sold Price
$199,000
Premium/Discount to List
-$20,900
-9.5%
Views
225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Outstanding Balance
$103,317
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,246
Interest Rate
4.25%
Mortgage Type
FHA
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
$199,000 --
$199,000 All American Title
$152,000 Ancona Title & Escrow
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 $106,000
Previous Owner $150,000
Previous Owner $149,246
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
03/07/2024 03/07/24 Sold $199,000 0.0% $70 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
12/13/2023 12/13/23 Price Changed $199,000 -5.2% $70 / Sq Ft
10/31/2023 10/31/23 Price Changed $209,900 -2.4% $74 / Sq Ft
10/05/2023 10/05/23 Price Changed $215,000 -2.2% $76 / Sq Ft
08/11/2023 08/11/23 For Sale $219,900 -- $78 / Sq Ft
Source: NorthstarMLS

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
2026 $2,338 $158,600 $38,500 $120,100
2025 $2,338 $158,600 $38,500 $120,100
2024 $2,136 $135,100 $35,000 $100,100
2023 $2,290 $135,100 $35,000 $100,100
2022 $2,020 $129,300 $29,200 $100,100
2021 $2,046 $109,300 $29,200 $80,100
2020 $2,152 $109,300 $29,200 $80,100
2019 $1,902 $109,300 $29,200 $80,100
2018 $1,490 $109,300 $29,200 $80,100
2017 $1,520 $86,800 $29,200 $57,600
2016 $1,630 $85,300 $27,700 $57,600
2015 $1,276 $0 $0 $0
2014 $1,276 $0 $0 $0
Source: Public Records

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Map

Source: NorthstarMLS

MLS Number: 6416568

NorthstarMLS
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