NOT LISTED FOR SALE

404 3rd Ave SE Medford, MN 55049

Estimated Value: $290,226 - $312,000

4 Beds
2 Baths
2,492 Sq Ft
$121/Sq Ft Est. Value

About This Home

This home is located at 404 3rd Ave SE, Medford, MN 55049 and is currently estimated at $300,307, approximately $120 per square foot. 404 3rd Ave SE is a home located in Steele County with nearby schools including Medford Elementary School and Medford Secondary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2025
Sold by
Heinrichs Mathias and Heinrichs Rachel
Bought by
Thormodson Ian and Thormodson Brittany
Current Estimated Value
$293,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$240,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$60,307

Purchase Details

Closed on
Oct 9, 2020
Sold by
Borst Scott A and Borst Lisa A
Bought by
Heinrichs Mathias J and Heinrichs Rachel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,150
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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First American

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Quantarium

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Average Value
Not Available
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
Thormodson Ian $290,000 --
Heinrichs Mathias J $215,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thormodson Ian $240,000
Previous Owner Heinrichs Mathias J $217,150
Previous Owner Borst Lisa A $163,817
Previous Owner Borst Scott A $164,000
Source: Public Records

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 $3,414 $262,600 $29,300 $233,300
2023 $3,310 $261,200 $28,800 $232,400
2022 $3,052 $240,300 $28,800 $211,500
2021 $2,934 $202,566 $25,382 $177,184
2020 $2,576 $192,080 $25,382 $166,698
2019 $2,706 $167,384 $25,382 $142,002
2018 $2,322 $174,146 $23,520 $150,626
2017 $2,200 $151,214 $18,816 $132,398
2016 $1,974 $143,178 $18,816 $124,362
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Map

Minnesota Steele County Medford 55049

404 3rd Ave SE, Medford, MN

This home is located at 404 3rd Ave SE, Medford, MN 55049 and is currently estimated at $300,307, approximately $120 per square foot. 404 3rd Ave SE is a home located in Steele County with nearby schools including Medford Elementary School and Medford Secondary School.

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