$55,000
SOLD OCT 22, 2024

400 E 5th St Unit 123 Redwood Falls, MN 56283

1 Bed
1 Bath
760 Sq Ft
2.17 Acres

Recently Sold

$72 Per Sq Ft

8% Below List Price

102 Days on Market

Highlights

  • 94,351 Sq Ft lot
  • 1 Car Attached Garage
  • Living Room
  • Main Floor Primary Bedroom
  • Patio
  • 1-Story Property

About This Home

As of October 2024

Welcome 55+ and over..Secured and Staffed building, Maintenance free living, The association fee covers taxes, building insurance, utilities, building improvements, maintenance, appliances, lawn care, snow removal, everything except interior unit insurance. Housekeeping available $20 per hour. Amenities include community room with full kitchen, fully furnished wood shop, recreation/fitness room with pool table, common sitting rooms, outdoor patio, storm shelter, guest room ( $75 per night), library, sun room, individual storage spaces, coin free laundry, craft/hobby room and and controlled access entry. Minnwest has financing available. Garage is a separate lease with Homestead at $50 per month which is included in the 826 current association fee. This unit currently has a garage. If the owner drives they have a strong potential of keeping the garage. It has a large storage room. It also features a walk in closet with custom built ins. A large pantry with lots of storage. The outdoor shared patio is a wonderful spot to relax. It is a very bright and sunny unit. Quick close possible.Taxes are also included in HOA.

Last Agent to Sell the Property

Colleen Johnson

RE/MAX Advantage Plus Listed on: 07/11/2024

RE/MAX Advantage Plus

Last Buyer's Agent

Shannon Guetter

Re/Max Realty Plus

Re/Max Realty Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,116

Year Built

  • Built in 1996

HOA Fees

  • $826 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Property Attached

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Bathroom

Utilities

  • Central Air
  • Baseboard Heating

Additional Features

  • Patio
  • 2.17 Acre Lot

Community Details

  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, electricity, heating, internet, lawn care, parking, professional mgmt, trash, shared amenities, snow removal, taxes
  • Homestead Association, Phone Number (507) 507-5077

Listing and Financial Details

  • Assessor Parcel Number 882000723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,116

Year Built

Built in 1996

Lot Details

0

HOA Fees

$826 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Manor/Village
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: No Stairs Internal, Other
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Lobby Entrance, Other, Patio, Security
  • Fee Frequency: Monthly
  • Year Built: 1996
  • Above Grade Finished Sq Ft: 760
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Living Area: 760
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Other Room
  • Shared Rooms: Amusement/Party Room,Community Room,Exercise Room,Guest Suite,Other

Beds/Baths

  • Total Bedrooms: 1
  • Three Quarter Bathrooms: 1

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Electric

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Controlled Access, Electricity, Heating, Internet, Lawn Care, Parking, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Taxes
  • Phone: 507-507-5077
  • Association Fee: 826
  • Association: Yes
  • Amenities Unit: Main Floor Primary Bedroom

Association/Amenities

  • HOA Management Co: Homestead

Schools

  • Junior High Dist: Redwood Area Schools
  • SchoolDistrictNumber: 2897
  • SchoolDistrictPhone: 507-644-8064

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: T
  • Lot Size Sq Ft: 94350.96
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 882000723
  • Tax Annual Amount: 1116
  • TaxWithAssessments: 1116.0000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2024 10/22/24 Sold $55,000 -5.2% $72 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
10/04/2024 10/04/24 Price Changed $58,000 -3.3% $76 / Sq Ft
07/11/2024 07/11/24 For Sale $60,000 -- $79 / 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 $1,116 $95,300 $5,000 $90,300
2023 $836 $96,800 $5,000 $91,800
2022 $742 $79,600 $5,000 $74,600
2021 $708 $67,800 $5,000 $62,800
2020 $782 $63,400 $5,000 $58,400
2019 $752 $64,700 $5,700 $59,000
2018 $734 $63,300 $5,000 $58,300
2017 $730 $0 $0 $0
2016 $764 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6567309

NorthstarMLS

APN: 88-200-0723