NOT LISTED FOR SALE

409 Meadow Dr McGregor, MN 55760

Estimated Value: $257,112 - $397,000

4 Beds
4 Baths
3,500 Sq Ft
$98/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $240,000 $69 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,913/month

136 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of September 2022

Excellent income and investment opportunity! Four unit building is currently rented as residential, has been rented as office/ commercial space in the past. Each apartment is unique. The largest unit offers space for 3 bedrooms, kitchen, living, full bath and laundry. Two, one bedroom units. One studio/office size apartment with kitchenette and full bath. One storage unit with a garage door. Units are currently rented, please allow at least 24 hour notice for all showings.

Last Agent to Sell the Property

Holly Anderson

Statement Realty Listed on: 04/01/2022

Last Buyer's Agent

Dillon Dale

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $972

Year Built

  • Built in 1974

Lot Details

  • Irregular Lot

Home Design

  • Metal Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, trash collection, water
  • Assessor Parcel Number 140043005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$972

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Apartment
  • Accessibility Features: No Stairs External, No Stairs Internal
  • Water Source: City Water/Connected
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 3500
  • Water Sewer Expenses: 1
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Fiber Optic,Satellite
  • FoundationDimensions: 50x70
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 3500
  • Fireplace: No
  • Basement YN: No
  • Total Rooms: 3

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Metal

Garage/Parking

  • Parking Features: Gravel, Open
  • Garage Square Feet: 0

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Propane
  • Number of Ranges: Four

Schools

  • Junior High Dist: McGregor
  • SchoolDistrictNumber: 4
  • SchoolDistrictPhone: 218-768-2111

Lot Info

  • Lot Size: irregular
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 1.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 140043005
  • Tax Annual Amount: 972
  • TaxWithAssessments: 972.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Trash Collection, Water
  • ElectricExpense: 1
  • FuelExpense: 1
  • Resident Manager Expense: 1
  • Number Of Refrigerators: Four

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Sep 30, 2022
Sold by
Pickles Howard
Bought by
Drd Real Estate Llc
Seller's Agent
Holly Anderson
Statement Realty
Buyer's Agent
Dillon Dale
eXp Realty
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%
Current Estimated Value
$343,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,528
Avg. Annual Appreciation
10.05%
Original Mortgage
$239,000
Outstanding Balance
$229,087
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$90,473

Purchase Details

Closed on
May 1, 1996
Bought by
Pickles Howard and Pickles Alice
Source: Public Records

Range of Values:

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Average Value
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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
Drd Real Estate Llc $240,000 --
Pickles Howard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drd Real Estate Llc $239,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $240,000 -4.0% $69 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $249,900 -- $71 / 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 $1,190 $210,100 $47,200 $162,900
2024 $1,187 $179,300 $47,200 $132,100
2023 $692 $174,900 $42,800 $132,100
2022 $942 $93,200 $42,800 $50,400
2021 $972 $92,200 $41,800 $50,400
2020 $2,646 $92,200 $41,800 $50,400
2019 $1,446 $92,200 $41,800 $50,400
2018 $1,032 $92,200 $41,800 $50,400
2017 $1,820 $92,200 $41,800 $50,400
2016 $1,856 $92,200 $41,800 $50,400
2014 $1,958 $98,600 $48,200 $50,400
2012 $18 $101,200 $50,800 $50,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6172681

NorthstarMLS

APN: 14-0-043005