NOT LISTED FOR SALE

355 4th Ave SE Milaca, MN 56353

Estimated Value: $154,000 - $248,000

3 Beds
1 Bath
1,940 Sq Ft
$110/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $168,000 $87 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,329/month

1 Day on Market

About This Home

As of May 2024

This home is located at 355 4th Ave SE, Milaca, MN 56353 since 12 March 2024 and is currently estimated at $212,593, approximately $109 per square foot. This property was built in 1946. 355 4th Ave SE is a home located in Mille Lacs County with nearby schools including Milaca Elementary School, Milaca Secondary High School, and Milaca Area Learning Center.

Last Agent to Sell the Property

Lori Millam

Keller Williams Integrity NW Listed on: 03/12/2024

Keller Williams Integrity NW

Last Buyer's Agent

Bobbi Gave

Keller Williams Integrity NW

Keller Williams Integrity NW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,542

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 60x148

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,940 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units
  • Third Add To Milaca Subdivision

Listing and Financial Details

  • Assessor Parcel Number 210430670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,542

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1946
  • Above Grade Finished Sq Ft: 1940
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Full, Unfinished
  • Living Area: 1940
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 3

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Milaca
  • SchoolDistrictPhone: 320-982-7210

Lot Info

  • Lot Size: 60x148
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 540.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 210430670
  • Tax Annual Amount: 2542
  • TaxWithAssessments: 2542.0000

Multi Family

  • ElectricExpense: 3000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
May 20, 2024
Sold by
Millam Joel and Millam Lori
Bought by
Mcdonough Justin
Seller's Agent
Lori Millam
Keller Williams Integrity NW
Buyer's Agent
Bobbi Gave
Keller Williams Integrity NW
List Price
$168,000
Sold Price
$168,000
Views
5
Current Estimated Value
$212,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,593
Avg. Annual Appreciation
14.40%
Original Mortgage
$126,000
Outstanding Balance
$124,306
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$88,287

Purchase Details

Closed on
May 26, 2017
Sold by
Nelson Kenneth James and Nelson Cora Lee
Bought by
Millam Joel and Millam Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Nelson Kenneth James and Maitland Cora Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
5.36%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 11, 2007
Sold by
Edwards Chris J and Edwards Jeannine P
Bought by
Edwards James Bruce and Edwards Carol Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
8.94%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 1, 2005
Sold by
Edwards James B and Edwards Carol J
Bought by
Edwards Chris J and Edwards Jeannine P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 15, 2005
Sold by
Nelson Russell M and Nelson Dorothy V
Bought by
Edwards James Bruce and Edwards Carol Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Mcdonough Justin $168,000 Home Security Abstract & Title
Millam Joel -- Home Security Abstract Title
Nelson Kenneth James $39,900 The Title Group Inc
Edwards James Bruce -- All American Title Co Inc
Edwards Chris J $108,000 None Available
Edwards James Bruce $108,000 All American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonough Justin $126,000
Previous Owner Millam Joel $60,000
Previous Owner Nelson Kenneth James $32,000
Previous Owner Edwards James Bruce $133,200
Previous Owner Edwards James Bruce $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $168,000 0.0% $87 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $168,000 -- $87 / Sq Ft
Source: NorthstarMLS

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 $2,694 $211,800 $32,000 $179,800
2024 $2,526 $186,800 $28,000 $158,800
2023 $2,542 $179,600 $28,000 $151,600
2022 $2,596 $181,800 $28,000 $153,800
2021 $2,410 $150,500 $28,000 $122,500
2020 $2,464 $134,600 $12,100 $122,500
2019 $2,174 $128,500 $12,100 $116,400
2018 $2,172 $114,200 $12,100 $102,100
2017 $2,172 $111,600 $11,600 $100,000
2016 $2,284 $0 $0 $0
2015 $1,638 $0 $0 $0
2014 $1,638 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6502993

NorthstarMLS

APN: 21-043-0670

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