NOT LISTED FOR SALE

427 Jefferson St Red Wing, MN 55066

Estimated Value: $179,000 - $242,000

3 Beds
2 Baths
1,563 Sq Ft
$135/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $90,000 $58 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,331/month

7 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Partially Fenced Property
  • Porch

About This Home

As of June 2023

Multiple Offers have been received on this property. All offers are being presented on Friday, May 5th, 2023 at 3:00 pm CST. No showings after 8:00 pm
48 Hours required for Showing Requests. This Duplex is a good investment opportunity. The side on 427 Jefferson St has a Living Room, Informal Dining Area, Eat In Kitchen and a Screened Porch on the Main Level. The Upper Level has a Bedroom, Screened Porch and a 3/4 Bath. The side on 1528 W 5th St has a Living Room, Dining Room, Kitchen and a Three Season Porch on the Main Level. The Upper Level has 2 Bedrooms and a Full Bath. Both sides have unfinished basements. There is a forced air furnace on the 427 Jefferson side and a gravity furnace on the 1528 W 5th Street Side. The backyard and right side yard are fenced. There is a Detached 2 Car Garage behind the property with a gravel driveway that offers off street parking. There is an L-Shaped front porch that is shared by both units. Property being sold As Is

Last Agent to Sell the Property

John Rohan

Red Wing Homes For Sale Listed on: 04/28/2023

Red Wing Homes For Sale

Last Buyer's Agent

Isaac Rohan

Red Wing Homes For Sale

Red Wing Homes For Sale

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 60 x 100
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Pitched Roof
  • Shake Siding

Interior Spaces

  • 1,563 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement
  • Natural lighting in basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Gravity Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 555351350

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Porch
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 1563
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Full, Stone/Rock, Unfinished
  • Living Area: 1563
  • Owner Pays: Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Porch
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Amenities: Porch
  • Appliances: Range
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt, Pitched
  • Fencing: Chain Link, Partial
  • PatioPorchType: Covered,Front Porch,Rear Porch,Screened,Side Porch

Garage/Parking

  • Parking Features: Detached, Gravel

Utilities

  • Heating: Forced Air, Gravity
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Red Wing
  • SchoolDistrictPhone: 651-385-4500

Lot Info

  • Topography: Level,Sloped
  • Lot Size: 60 x 100
  • Land Lease: No
  • Lot Features: Corner Lot, Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding
  • Units Total: 2

Rental Info

  • Expenses: 1000.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 555351350
  • Tax Annual Amount: 2727
  • TaxWithAssessments: 3304.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jun 1, 2023
Sold by
Meyer Ronnie and Meyer Karla
Bought by
Michelle Swanson Companies Llc
Seller's Agent
John Rohan
Red Wing Homes For Sale
Buyer's Agent
Isaac Rohan
Red Wing Homes For Sale
List Price
$85,000
Sold Price
$90,000
Premium/Discount to List
$5,000
5.88%
Views
131
Current Estimated Value
$211,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,590
Avg. Annual Appreciation
36.61%

Purchase Details

Closed on
Feb 17, 2022
Sold by
Meyer Ronnie L and Meyer Karla M
Bought by
Mitchell Erik Kristoffer

Purchase Details

Closed on
Jul 29, 2004
Sold by
Hotchkiss Matthew J
Bought by
Meyer Ronnie L

Purchase Details

Closed on
Apr 7, 2004
Sold by
Weichel Kenneth and Weichel Patricia
Bought by
Hotchkiss Matthew J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Michelle Swanson Companies Llc $90,000 --
Mitchell Erik Kristoffer $135,000 None Listed On Document
Meyer Ronnie L $89,900 --
Hotchkiss Matthew J $45,000 --
Hotchkiss Matthew J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hotchkiss Matthew J $7
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2023 06/01/23 Sold $90,000 0.0% $58 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
05/05/2023 05/05/23 Off Market $90,000 -- --
04/28/2023 04/28/23 For Sale $85,000 -- $54 / Sq Ft
Source: NorthstarMLS

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 $2,908 $179,300 $33,000 $146,300
2024 -- $176,400 $33,000 $143,400
2023 $3,304 $166,900 $33,000 $133,900
2022 $3,188 $165,900 $33,000 $132,900
2021 $2,872 $142,300 $33,000 $109,300
2020 $3,268 $125,100 $33,000 $92,100
2019 $3,002 $117,100 $33,000 $84,100
2018 $2,728 $116,500 $31,700 $84,800
2017 $2,730 $103,000 $31,700 $71,300
2016 $2,736 $102,300 $31,700 $70,600
2015 $2,724 $99,000 $31,700 $67,300
2014 -- $95,300 $31,700 $63,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6352686

NorthstarMLS

APN: 55.535.1350

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