NOT LISTED FOR SALE

370 5th St SW Plainview, MN 55964

Estimated Value: $260,000 - $294,000

5 Beds
2 Baths
3,107 Sq Ft
$89/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $220,000 $71 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,842/month

21 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Coin Laundry
  • Plainview-Elgin-Millville Elementary School (PK-3) Rated A-
  • Forced Air Heating System

About This Home

As of December 2022

Looking for an investment property? Doing a 1031 before year end 2022? This duplex with 2 units: 2 bed, 1 bath and a 3 bed, 1 bath, is fully leased. Nice floor plans in each unit with modern kitchens and full appliances. Shared laundry room locked to each unit. Upper level covered porch and lower unit patio provides nice outside space. Located on a large corner lot with ample parking in driveway and street, located in the heart of town. 2-stall garage for main level unit. NEW roof coming in 2023 due to hail storm in summer 2022, with seller agreement for holdback. Great income providing property!

Last Listed By

Kathy Rohlik

Montgomery Holst Realty Listed on: 11/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,440

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 75x141
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 3,107 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • 150 Amp Service

Listing and Financial Details

  • Tenant pays for cable TV, insurance
  • The owner pays for electricity, gas, insurance, grounds care, repairs, taxes, trash collection, water
  • Assessor Parcel Number 260050003

Community Details

Overview

  • 2 Units
  • Fosters Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,440

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Association Amenities: Common Laundry, Coin-op Laundry Owned
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 3107
  • Water Sewer Expenses: 1230
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 3107
  • Owner Pays: Electricity, Gas, Insurance, Grounds Care, Repairs, Taxes, Trash Collection, Water
  • Basement YN: No
  • Amenities: Ceiling Fan(s),Open Floor Plan,Porch
  • Appliances: Dishwasher,Microwave,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 5
  • Amenities: Ceiling Fan(s),Open Floor Plan,Patio
  • Appliances: Dishwasher,Microwave,Range
  • Total Rooms: 7
  • Shared Rooms: Other
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age 8 Years or Less
  • Fencing: None
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Front Porch,Patio

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Shared Driveway
  • Garage Square Feet: 528
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Electric: 150 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Lot Info

  • Lot Size: 75x141
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 260050003
  • Tax Annual Amount: 3440
  • TaxWithAssessments: 3440.0000

Multi Family

  • TenantPays: Cable TV, Insurance
  • ElectricExpense: 2350
  • FuelExpense: 910
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
Dec 28, 2022
Sold by
Ebin Matthew and Elit Jacob
Bought by
Agi Properties Of Oronoco Llc
Seller's Agent
Kathy Rohlik
Montgomery Holst Realty
Buyer's Agent
Jay Holst
Montgomery Holst Realty
List Price
$259,900
Sold Price
$220,000
Premium/Discount to List
-$39,900
-15.35%
Total Days on Market
21
Views
6
Current Estimated Value
$276,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,119
Avg. Annual Appreciation
10.20%
Original Mortgage
$217,580
Outstanding Balance
$211,992
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$64,127

Purchase Details

Listed on
Feb 19, 2019
Closed on
Mar 22, 2019
Sold by
Sailor Todd L and Sailor Shari L
Bought by
Ebin Matthew M and Elit Jacob D
Seller's Agent
Brad Jech
Tony Montgomery Realty & Auction
Buyer's Agent
Kimberly Gordon
Keller Williams Premier Realty
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$209,000
Interest Rate
6.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 26, 2014
Closed on
Oct 3, 2014
Bought by
Sailor Todd Todd
Seller's Agent
Jay Holst
Montgomery Holst Realty
List Price
$148,900
Sold Price
$140,000
Premium/Discount to List
-$8,900
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$112,000
Interest Rate
4.19%

Purchase Details

Closed on
Apr 14, 2006
Sold by
Steffen Kathleen L
Bought by
Phillips Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
6.59%
Mortgage Type
New Conventional

Range of Values:

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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
Agi Properties Of Oronoco Llc $220,000 --
Ebin Matthew M $220,000 Rochester Title
Sailor Todd Todd $140,000 --
Phillips Irene M $152,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agi Properties Of Oronoco Llc $217,580
Previous Owner Ebin Matthew M $209,000
Previous Owner Sailor Todd Todd $112,000
Previous Owner Phillips Irene M $15,200
Previous Owner Phillips Irene M $121,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2022 12/29/22 Sold $220,000 -15.4% $71 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
11/28/2022 11/28/22 For Sale $259,900 +18.1% $84 / Sq Ft
11/28/2022 11/28/22 Off Market $220,000 -- --
03/22/2019 03/22/19 Sold $220,000 -2.2% $71 / Sq Ft
03/04/2019 03/04/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $225,000 +60.7% $72 / Sq Ft
10/03/2014 10/03/14 Sold $140,000 -6.0% $51 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
04/26/2014 04/26/14 For Sale $148,900 +16.8% $54 / Sq Ft
12/02/2013 12/02/13 Sold $127,500 -5.6% $35 / Sq Ft
11/06/2013 11/06/13 Pending -- -- --
09/14/2013 09/14/13 For Sale $135,000 -- $37 / 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
2024 $3,632 $249,400 $31,900 $217,500
2023 $3,706 $283,900 $31,900 $252,000
2022 $3,440 $251,100 $24,500 $226,600
2021 $3,436 $211,200 $24,500 $186,700
2020 $2,972 $201,000 $24,500 $176,500
2019 $2,830 $169,300 $21,000 $148,300
2018 $2,276 $151,700 $21,000 $130,700
2017 $2,200 $127,500 $17,500 $110,000
2016 $2,170 $0 $0 $0
2015 $2,170 $0 $0 $0
2012 $2,520 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6312755

NorthstarMLS

APN: R-26.00500.03