NOT LISTED FOR SALE

425 Prospect St Peterson, MN 55962

Estimated Value: $286,000 - $358,000

10 Beds
9.5 Baths
5,220 Sq Ft
$61/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $270,000 $52 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,974/month

54 Days on Market

Highlights

  • No HOA
  • Electric Fireplace
  • 1-minute walk to Gazebo at Peterson City Bandstand And Park
  • Forced Air Heating and Cooling System

About This Home

As of January 2024

What an opportunity to own a piece of history. Bed & Breakfast/Airbnb opportunity, 10 rooms, 10 bathrooms in historic Peterson, MN. Close to Root River, Root River State Trail, fishing, snowmobiling and so much more. Live in the owners suite and rent out other rooms! All furniture in property is part of sale price. Check out this amazing opportunity to own a piece of history today!

Last Agent to Sell the Property

Jill Warner

Ruby Realty Listed on: 10/26/2023

Last Buyer's Agent

Marj Weir

National Realty Guild

National Realty Guild

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,294

Year Built

  • Built in 1904

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 78x100

Parking

  • 2 Car Garage

Interior Spaces

  • 5,220 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Drainage System

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Peterson Original Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070105000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,294

Year Built

Built in 1904

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
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1904
  • Above Grade Finished Sq Ft: 5220
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Fiber Optic,Satellite
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Drainage System, Full
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Electric
  • Living Area: 5220
  • Fireplace: Yes
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bedrooms: 10

Exterior Features

  • Roof: Age 8 Years or Less
  • PoolFeatures: None
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Front Porch,Patio

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 576

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Rushford-Peterson
  • SchoolDistrictNumber: 239
  • SchoolDistrictPhone: 507-864-7785

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 78x100
  • Lot Size Sq Ft: 4965.84
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 070105000
  • Tax Annual Amount: 3294
  • TaxWithAssessments: 3294.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Jan 31, 2024
Sold by
Kincaid Joseph
Bought by
425 Prospect Llc A Minnesota Limited Li
Seller's Agent
Jill Warner
Ruby Realty
Buyer's Agent
Marj Weir
National Realty Guild
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%
Views
121
Current Estimated Value
$318,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,508
Avg. Annual Appreciation
13.22%

Purchase Details

Closed on
Nov 6, 2020
Sold by
Boyum Megan N and Boyum John W
Bought by
Kincaid Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2014
Closed on
Dec 11, 2014
Sold by
Erickson Barry M and Erickson Pamela A
Bought by
Grebe Megan
Seller's Agent
Rodney Darr
Darr Realty
Buyer's Agent
Rodney Darr
Darr Realty
List Price
$299,900
Sold Price
$220,000
Premium/Discount to List
-$79,900
-26.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.77%
Original Mortgage
$176,000
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2011
Sold by
Kelly Patrick F and Kelly Linda D
Bought by
Erickson Barry M and Erickson Pamela A

Purchase Details

Closed on
Jun 29, 2009
Sold by
Erickson Barry M and Erickson Pamela A
Bought by
Kelly Patrick F and Kelly Linda D
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
425 Prospect Llc A Minnesota Limited Li $270,000 --
Kincaid Joseph $250,000 None Available
Grebe Megan $205,000 None Available
Erickson Barry M -- None Available
Kelly Patrick F $285,000 None Available
Kincaid Joseph Joseph $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kincaid Joseph $187,000
Previous Owner Grebe Megan $176,000
Previous Owner Erickson Barry M $100,000
Closed Kelly Patrick F $0
Closed Kincaid Joseph Joseph $184,746
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $270,000 0.0% $52 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $270,000 -1.8% $52 / Sq Ft
10/26/2023 10/26/23 For Sale $275,000 +25.0% $53 / Sq Ft
12/11/2014 12/11/14 Sold $220,000 -26.6% $41 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $299,900 -- $56 / 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 $2,864 $198,200 $13,900 $184,300
2023 $4,102 $198,200 $13,900 $184,300
2022 $4,102 $226,500 $13,900 $212,600
2021 $4,102 $247,600 $5,800 $241,800
2020 $3,998 $247,600 $5,800 $241,800
2019 $4,176 $247,600 $5,800 $241,800
2018 $3,754 $247,600 $5,800 $241,800
2017 -- $194,200 $5,200 $189,000
2016 $3,894 $194,200 $5,200 $189,000
2015 $4,526 $192,200 $4,400 $187,800
2014 $4,526 $206,600 $4,419 $202,181
2013 $4,526 $269,300 $4,402 $264,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6453078

NorthstarMLS

APN: 07.0105.000