NOT LISTED FOR SALE

425 3rd St SW Wells, MN 56097

Estimated Value: $121,000 - $160,775

3 Beds
1.5 Baths
1,392 Sq Ft
$98/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $115,000 $83 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $822/month

21 Days on Market

Highlights

  • No HOA
  • Entrance Foyer
  • Hot Water Heating System
  • Living Room
  • Central Air
  • 4-minute walk to Half Moon Park

About This Home

As of April 2024

This home is located at 425 3rd St SW, Wells, MN 56097 since 06 March 2024 and is currently estimated at $136,194, approximately $97 per square foot. This property was built in 1940. 425 3rd St SW is a home located in Faribault County with nearby schools including United South Central Elementary School, United South Central High School, and St. Casimir's School.

Last Agent to Sell the Property

Brad Heggen

Brad Heggen Realty, Inc Listed on: 03/06/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,075

Year Built

  • Built in 1940

Lot Details

  • 0.62 Acre Lot
  • Lot Dimensions are 90x300

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

  • 1,392 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Drainage System
  • Sump Pump
  • Basement Storage

Utilities

  • Central Air
  • Hot Water Heating System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Daniel Straw Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 305720100

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,075

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1392
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 18x34
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Drainage System, Full, Storage Space, Sump Pump, Unfinished
  • Appliances: Gas Water Heater, Water Osmosis System, Microwave, Range, Refrigerator, Water Softener Owned
  • Living Area: 1392
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Dining Room, Living Room, Foyer, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom, Garage

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Garage/Parking

  • Parking Features: Detached, Gravel, Electric, Garage Door Opener
  • Garage Square Feet: 396

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: United South Central
  • SchoolDistrictNumber: 2134
  • SchoolDistrictPhone: 507-553-3134

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 90x300
  • Lot Size Sq Ft: 27007.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 305720100
  • Tax Annual Amount: 1075
  • TaxWithAssessments: 1144.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 19, 2024
Sold by
Dembouski Katie A
Bought by
Mithun Tianna
Seller's Agent
Brad Heggen
Brad Heggen Realty, Inc
List Price
$115,000
Sold Price
$115,000
Views
41
Current Estimated Value
$136,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,194
Avg. Annual Appreciation
12.75%
Original Mortgage
$105,820
Outstanding Balance
$104,311
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$31,883

Purchase Details

Listed on
Oct 21, 2021
Closed on
Mar 22, 2022
Sold by
Dembouski Katie A
Bought by
Minnesota Valley Federal Credit Union
Seller's Agent
Anne Franta
HOMESTEAD REALTY, LLC
Buyer's Agent
Julie Meister
BorgsHomes Realty, Waterville
List Price
$94,500
Sold Price
$85,000
Premium/Discount to List
-$9,500
-10.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.48%
Original Mortgage
$81,600
Interest Rate
4.16%
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
Mithun Tianna $115,000 None Listed On Document
Minnesota Valley Federal Credit Union $85,000 New Title Company Name
Dembouski Katie A $85,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mithun Tianna $105,820
Closed Mithun Tianna $105,820
Closed Mithun Tianna $105,820
Previous Owner Dembouski Katie A $81,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $115,000 0.0% $83 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $115,000 +35.3% $83 / Sq Ft
03/22/2022 03/22/22 Sold $85,000 -10.1% $69 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
10/21/2021 10/21/21 For Sale $94,500 -- $76 / 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 $1,228 $104,300 $26,600 $77,700
2024 $1,410 $89,100 $18,600 $70,500
2023 $1,144 $93,900 $22,400 $71,500
2022 $1,510 $76,800 $22,400 $54,400
2021 $1,448 $61,600 $16,700 $44,900
2020 $1,492 $61,600 $16,700 $44,900
2019 $1,238 $59,000 $13,100 $45,900
2018 $1,162 $50,000 $4,000 $46,000
2017 $1,114 $48,700 $4,000 $44,700
2015 $954 $48,700 $4,000 $44,700
2013 -- $48,700 $4,000 $44,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6499748

NorthstarMLS

APN: 30.572.0100