NOT LISTED FOR SALE

377 4th Ave SE Wells, MN 56097

Estimated Value: $61,000 - $115,000

4 Beds
2 Baths
1,600 Sq Ft
$54/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $25,000 $16 Per Sq Ft

Est. 247% increase in value since last sale

Current estimated payment $567/month

1,245 Days on Market

About This Home

As of July 2020

Good investment property - or could live in 1/2 and rent the other. Rents per month are $400 and $400. Tenants pay utilities.

Last Agent to Sell the Property

THERESA KOPISCHKE

CHOICE REALTY License #0094762 Listed on: 06/04/2020

Last Buyer's Agent

THERESA KOPISCHKE

CHOICE REALTY License #0094762 Listed on: 06/04/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Stone Basement
  • Block Basement Construction

Parking

  • 2 Parking Spaces Included
  • On-Street Parking
  • Off-Street Parking

Location

  • Ground Level
  • Upper Level

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Space Heater
  • Electric Water Heater

Community Details

  • 2 Units
  • Gross Income $9,600

Listing and Financial Details

  • Assessor Parcel Number 302007550

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessments: Yes
  • Construction: Previously Owned
  • L V T Date: 04/29/2016
  • Mechanicals: Water Heater - Electric
  • Parcel Number: 302007550
  • Stories: 2 Story
  • Street Designation: Avenue
  • Comp Dev Subdiv Name: Original Plat of Wells
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Features: Unfinished
  • Basement Material: Concrete Block, Stone
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1600
  • Total Fin Square Footage: 1600
  • Total Square Footage: 1600

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Number Off Street Parking: 4

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air, Space/Wall Heater
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: irregular

Rental Info

  • Type of Tenancy: One Year Lease

Building Info

  • Year Built: 1900

Multi Family

  • Est Annual Gross Income: 9600

Tax Info

  • Year: 2020
  • Tax Value: 917.57

MLS Schools

  • School District: United S. Central #2134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jul 31, 2020
Sold by
Bennett Marilyn J
Bought by
Generation Properties Llc
Seller's Agent
THERESA KOPISCHKE
CHOICE REALTY
Buyer's Agent
THERESA KOPISCHKE
CHOICE REALTY
List Price
$39,900
Sold Price
$25,000
Premium/Discount to List
-$14,900
-37.34%
Current Estimated Value
$86,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,703
Avg. Annual Appreciation
25.74%
Original Mortgage
$20,000
Outstanding Balance
$17,774
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$68,929

Purchase Details

Closed on
Dec 2, 2011
Sold by
Miller Rose C and Miller James L
Bought by
Buendorf Nickolas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Generation Properties Llc $25,000 St Andrews Title & Exchange
Buendorf Nickolas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Generation Properties Llc $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $25,000 -37.3% $16 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $39,900 0.0% $25 / Sq Ft
06/04/2020 06/04/20 Price Changed $39,900 +59.6% $25 / Sq Ft
12/29/2018 12/29/18 Off Market $25,000 -- --
12/27/2018 12/27/18 For Sale $47,900 +91.6% $30 / Sq Ft
03/30/2018 03/30/18 Off Market $25,000 -- --
01/11/2017 01/11/17 For Sale $47,900 -- $30 / Sq Ft
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
2025 $1,368 $46,500 $12,300 $34,200
2024 $1,274 $51,400 $8,600 $42,800
2023 $1,168 $49,200 $6,400 $42,800
2022 $2,474 $30,900 $6,400 $24,500
2021 $1,044 $33,400 $4,800 $28,600
2020 $1,064 $33,400 $4,800 $28,600
2019 $1,000 $32,300 $3,800 $28,500
2018 $924 $30,600 $2,900 $27,700
2017 $884 $29,200 $2,900 $26,300
2015 $770 $29,200 $2,900 $26,300
2013 -- $29,200 $2,900 $26,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    THERESA KOPISCHKE

    CHOICE REALTY

    (507) 340-5300

    1 Total Sale

    THERESA KOPISCHKE
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7011418

REALTOR® Association of Southern Minnesota

APN: 30.200.7550

Minnesota Faribault County Wells 56097

377 4th Ave SE, Wells, MN

Not Listed for Sale

MultiFamily

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