NOT LISTED FOR SALE

401 N 6th St Lake City, MN 55041

Estimated Value: $334,000 - $369,484

5 Beds
4 Baths
3,412 Sq Ft
$104/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $297,000 $87 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,198/month

35 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Heated Garage
  • 4 Car Attached Garage

About This Home

As of July 2024

This unique Well Cared for property has a 3 Bedroom, 2 Bath Single Family Home with an added bonus room & attached 3.5 Car Garage. There is a spacious 2nd floor apartment above the garage. Garage & Apartment were added in about 2003. The house has a spacious kitchen with Oak Cabinets, beautiful hardwood floors, Dining room, Main floor bedroom, Full bath & a Living Room w/patio doors to the 3 Season Front Porch. 2nd floor has 2 bedrooms (1 walks out to balcony) and a 3/4 Bath. The house has a hallway to the attached, heated garage. There is generous storage throughout this home and a bonus room that can be used several different ways. The 2nd floor apartment boasts nice open living space, a large deck off the dining area, 2 bedrooms, a full bath, a 3/4 bath & Laundry room. Main floor to this apt. has an extra bonus room that has been used as an office or storage. Each unit has their own laundry too! This unit has a large 1.5 attached garage. Units are metered separately.

Last Agent to Sell the Property

Sonda Featherstone

Featherstone Real Estate, LLC Listed on: 04/11/2024

Last Buyer's Agent

Forrest Kalk

Commercial Investors Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,018

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 60x150
  • Corner Lot

Parking

  • 4 Car Attached Garage
  • Heated Garage
  • Tuck Under Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 3,412 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Lake City Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number R220107200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,018

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Other
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1921
  • Above Grade Finished Sq Ft: 3412
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Partial, Unfinished
  • Living Area: 3412
  • Owner Pays: Taxes
  • Basement YN: Yes
  • Amenities: Deck,Main Floor Primary Bedroom,Porch,Walk-In Closet
  • Appliances: Dryer,Gas Water Heater,Microwave,Range
  • Number Of Fireplaces: 0
  • Amenities: Deck,Primary Bedroom Walk-in Closet,Main Floor Primary Bedroom,Walk-In Closet
  • Appliances: Dishwasher,Gas Water Heater,Range
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PatioPorchType: Deck,Enclosed,Front Porch

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Heated Garage, Tuckunder Garage

Utilities

  • Heating: Ductless Mini-Split, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Lake City
  • SchoolDistrictPhone: 651-345-2198

Lot Info

  • Topography: Level
  • Lot Size: 60x150
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: R220107200
  • Tax Annual Amount: 5018
  • TaxWithAssessments: 5018.0000

Multi Family

  • TenantPays: All Utilities
  • ElectricExpense: 171
  • FuelExpense: 137
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jul 3, 2024
Sold by
Lichtblau Gary and Lichtblau Donna
Bought by
Borgschatz Riley
Seller's Agent
Sonda Featherstone
Featherstone Real Estate, LLC
Buyer's Agent
Forrest Kalk
Commercial Investors Group LLC
List Price
$327,800
Sold Price
$297,000
Premium/Discount to List
-$30,800
-9.4%
Views
142
Current Estimated Value
$353,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,871
Avg. Annual Appreciation
14.19%
Original Mortgage
$282,150
Outstanding Balance
$278,748
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$75,123

Purchase Details

Closed on
Jul 3, 2013
Sold by
Lichtblau Gary A and Lichtblau Donna Mae
Bought by
Lichtblau Gary A and Lichtblau Donna Mae
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Borgschatz Riley $297,000 --
Lichtblau Gary A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borgschatz Riley $282,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2024 07/03/24 Sold $297,000 -1.0% $87 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/08/2024 05/08/24 Price Changed $300,000 -8.5% $88 / Sq Ft
04/11/2024 04/11/24 For Sale $327,800 -- $96 / 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 $4,148 $337,700 $24,600 $313,100
2024 $4,148 $327,800 $24,600 $303,200
2023 $5,018 $305,500 $24,600 $280,900
2022 $4,864 $313,100 $24,600 $288,500
2021 $4,614 $259,800 $24,600 $235,200
2020 $4,092 $243,200 $33,800 $209,400
2019 $4,202 $214,600 $22,500 $192,100
2018 $3,926 $213,500 $22,500 $191,000
2017 $3,824 $196,600 $22,500 $174,100
2016 $3,804 $0 $0 $0
2015 $3,804 $0 $0 $0
2012 $3,736 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6514479

NorthstarMLS

APN: R-22.01072.00