NOT LISTED FOR SALE

331 E 3rd St Monticello, MN 55362

Estimated Value: $275,619 - $300,000

3 Beds
2 Baths
1,910 Sq Ft
$151/Sq Ft Est. Value

Last Sold September 19, 2024

Last sale price $260,000 $136 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,673/month

20 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • 4-minute walk to Fourth Street Park
  • Pinewood Elementary School Rated A-

About This Home

As of September 2024

Here is an opportunity to have an income producing property! Rent both units or rent one and live in the other! New furnace just installed! New carpet just installed in the upper apartment. Roof just replaced. Other recent updates include water heater, washer, dryer and laundry sink. Property is located just three blocks from downtown Monticello where there is a variety of different shops and places to eat, including parks and the mighty Mississippi River!

Last Agent to Sell the Property

Lance Lindstrom

Life and Liberty Real Estate Listed on: 08/02/2024

Last Buyer's Agent

Sarina Siljander

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,637

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 99x165

Home Design

  • Duplex
  • Pitched Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,910 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Block Basement Construction
  • Basement Storage

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, fuel, insurance, grounds care, repairs, sewer, snow removal, taxes, trash collection
  • Assessor Parcel Number 155040003030

Community Details

Overview

  • 2 Units
  • Lower Monti Blocks A, B, C & D Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,637

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1910
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Owner Access, Shared Access, Storage Space, Unfinished
  • Living Area: 1910
  • Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s),Main Floor Primary Bedroom,Patio
  • Appliances: Range
  • Amenities: Ceiling Fan(s),Tile Floors
  • Appliances: Range

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Architectural Shingle, Asphalt, Pitched
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 99x165
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Other
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board
  • Units Total: 2

Rental Info

  • Expenses: 12377.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 155040003030
  • Tax Annual Amount: 2637
  • TaxWithAssessments: 3646.0000

Multi Family

  • TenantPays: Cable TV
  • ElectricExpense: 2264
  • FuelExpense: 2411
  • Resident Manager Expense: 2630
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Sep 19, 2024
Sold by
Agosto Jill
Bought by
Strand Mylan and Strand Nina
Seller's Agent
Lance Lindstrom
Life and Liberty Real Estate
Buyer's Agent
Sarina Siljander
Coldwell Banker Realty
List Price
$269,000
Sold Price
$260,000
Premium/Discount to List
-$9,000
-3.35%
Views
34
Current Estimated Value
$288,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,655
Avg. Annual Appreciation
8.58%
Original Mortgage
$257,500
Outstanding Balance
$254,605
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$34,050

Purchase Details

Closed on
Dec 21, 1998
Sold by
Olson Mary M and Olson John
Bought by
Larson George E and Larson Maureen F

Purchase Details

Closed on
Dec 1, 1985
Sold by
Larson George and Larson Maureen
Bought by
Agosto James P and Agosto Jill L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Strand Mylan $260,000 --
Larson George E $35,000 --
Agosto James P $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strand Mylan $257,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2024 09/19/24 Sold $260,000 -3.3% $136 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $269,000 0.0% $141 / Sq Ft
08/03/2024 08/03/24 Price Changed $269,000 -- $141 / 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 $1,930 $212,200 $95,000 $117,200
2024 $3,646 $206,500 $90,000 $116,500
2023 $3,574 $217,100 $90,000 $127,100
2022 $3,316 $198,200 $85,000 $113,200
2021 $3,128 $160,700 $60,000 $100,700
2020 $3,156 $144,300 $50,000 $94,300
2019 $2,972 $142,900 $0 $0
2018 $2,766 $124,900 $0 $0
2017 $2,808 $116,900 $0 $0
2016 $1,392 $0 $0 $0
2015 $1,326 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6577252

NorthstarMLS

APN: 155-040-003030