NOT LISTED FOR SALE

407 W Main St Adams, MN 55909

Estimated Value: $105,000 - $170,000

4 Beds
2 Baths
1,650 Sq Ft
$91/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $93,000 $56 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $923/month

56 Days on Market

About This Home

As of August 2023

Income potential in this 2 unit duplex. Each unit has 2 bedrooms and its own laundry and is approximately 800 square feet of living area/unit. Appliances included. New roof May 2023. Small town living at its best!

Last Agent to Sell the Property

Colleen Jennings

Colleen Jennings Real Estate Listed on: 05/23/2023

Last Buyer's Agent

Alex Brainard

Harbor Realty & Management Group LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1896

Lot Details

  • 10,019

Home Design

  • Duplex

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Original Vlg/Adams Subdivision

Listing and Financial Details

  • Assessor Parcel Number 210011310

Property Details

Home Type

Multi-Family

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1896
  • Above Grade Finished Sq Ft: 1650
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Unfinished
  • Living Area: 1650
  • Basement YN: Yes
  • Total Rooms: 6
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Southland
  • SchoolDistrictNumber: 500
  • SchoolDistrictPhone: 507-582-3283

Lot Info

  • Lot Size: Irreg
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 210011310
  • Tax Annual Amount: 3084
  • TaxWithAssessments: 3084.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Aug 10, 2023
Sold by
Stroup Geoffrey and Stroup Miranda
Bought by
Sew Properties One Llc
Seller's Agent
Colleen Jennings
Colleen Jennings Real Estate
Buyer's Agent
Alex Brainard
Harbor Realty & Management Group LLC
List Price
$119,000
Sold Price
$93,000
Premium/Discount to List
-$26,000
-21.85%
Views
124
Current Estimated Value
$122,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,209
Avg. Annual Appreciation
23.59%
Original Mortgage
$74,400
Outstanding Balance
$73,038
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$68,123

Purchase Details

Closed on
Aug 28, 2009
Sold by
Stroup Gary W and Stroup Marcia A
Bought by
Stroup Geoffrey R and Stroup Miranda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,550
Interest Rate
5.21%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 9, 2006
Sold by
Reinartz Mark A
Bought by
Stroup Gary and Stroup Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2006
Sold by
Stroup Gary and Stroup Marcia
Bought by
Reinartz Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sew Properties One Llc $93,000 --
Stroup Geoffrey R $72,000 None Available
Stroup Gary -- None Available
Reinartz Mark A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sew Properties One Llc $74,400
Previous Owner Stroup Geoffrey R $63,550
Previous Owner Stroup Gary $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $93,000 -21.8% $56 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $119,000 -- $72 / 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 $3,082 $114,500 $30,000 $84,500
2023 $3,084 $125,500 $30,000 $95,500
2022 $2,514 $111,100 $30,000 $81,100
2021 $2,132 $66,500 $13,000 $53,500
2020 $2,794 $50,300 $13,000 $37,300
2018 $852 $68,000 $13,000 $55,000
2017 $1,704 $0 $0 $0
2016 $1,314 $0 $0 $0
2015 $1,192 $0 $0 $0
2012 $1,192 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6376547

NorthstarMLS

APN: 21-001-1310