NOT LISTED FOR SALE

43168 Reeds Lake Rd Janesville, MN 56048

Estimated Value: $379,000 - $428,000

3 Beds
3 Baths
2,658 Sq Ft
$154/Sq Ft Est. Value

Last Sold November 01, 2018

Last sale price $215,000 $81 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,482/month

Highlights

  • 100 Feet of Waterfront
  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Beach Access
  • Skylights
  • Landscaped with Trees

About This Home

As of November 2018

Come see this special property on the south shore of spring-fed Reeds Lake. It includes 2 lots with 100' lakeshore (both 43168 & 43166 Reeds Lake Rd), one home, one cabin and a 24x30 garage. The home offers 3 bedrooms & 3 baths. It has new decks and fresh paint - and is ready for you to add your personal touches. The 4 season cabin offers 1 bedroom and a 3/4 bath. It is currently rented, but could also be used as a guest cottage. Both the home and cabin offer gorgeous lake views and only slight elevation above the water. The septic system is not compliant and Sellers are in the process of getting this replaced. If you've been dreaming of a home or cabin at this very special lake - this is a MUST to see!

Last Agent to Sell the Property

Jon Kietzer

LANDMARK REAL ESTATE Listed on: 06/22/2018

Last Buyer's Agent

Carrie Zeldenrust

REALTY EXECUTIVES ASSOCIATES License #404954494

REALTY EXECUTIVES ASSOCIATES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,844

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 100 x 176
  • 100 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped with Trees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Skylights
  • Tile Flooring
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Partially Finished Basement

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

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 05.005.3900

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,844

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Skylight, Tiled Floors, Washer/Dryer Hookups
  • Amenities Exterior: Driveway - Gravel
  • Estimated Number of Acres: 0.41
  • Construction: Previously Owned
  • Dnr Lake Id Number: 81005500
  • Foundation Size: 1258
  • L V T Date: 06/22/2018
  • Mechanicals: Fuel Tank-Rented
  • Parcel Number: 05.005.3900
  • Price Per Square Foot: 80
  • Sold Price Per Sq Ft: 69
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Road
  • Taxes With Assessments: 2590
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath, Private Master
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 13'1x11'1, On Level: Main
  • Room 2: Family Room, 16'6x14, On Level: Main
  • Room 3: Kitchen, 18'6`x11'11, On Level: Main
  • Room 4: Bedroom, 14'8x14'4, On Level: Main
  • Room 5: Bedroom, 22'11x15, On Level: Second Floor
  • Room 6: Bedroom, 16'4x12'10, On Level: Lower
  • Room 7: 15'10x12'10, On Level: Lower
  • Room 8: Den/Office, 12x12, On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Partially Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1858
  • Below Grade Finished Sq Ft: 800
  • Finished Basement Sq Ft: 800
  • Lower Level Finished Sq Ft: 800
  • Main Level Finished Sq Ft: 1258
  • Upper Level Finished Sq Ft: 600
  • Tot Above Grade Sq Ft: 1858
  • Total Fin Square Footage: 2658
  • Total Square Footage: 3116
  • Tot Below Grade Sq Ft: 1258

Exterior Features

  • Frontage Road: County
  • LakeAcres: 193
  • Waterfront Name: Reeds
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 100
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2
  • Garage Square Footage: 720

Utilities

  • Cooling: Central
  • Fuel: Propane - Tank Rented
  • Heat: Forced Air
  • Sewer: Private
  • Water: Shared

Schools

  • School District: Waterville-Elysian-Morristown #2143

Lot Info

  • Estimated Lot Dimensions: 100 x 176
  • Lot/Land Description: Accessible Shoreline, Landscaped, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Nov 1, 2018
Sold by
Sunfish Property Group Llc
Bought by
Scruggs Darren K and Scruggs Debra K
Seller's Agent
Jon Kietzer
LANDMARK REAL ESTATE
Buyer's Agent
Carrie Zeldenrust
REALTY EXECUTIVES ASSOCIATES
List Price
$269,900
Sold Price
$215,000
Premium/Discount to List
-$54,900
-20.34%
Current Estimated Value
$408,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,941
Avg. Annual Appreciation
9.65%

Purchase Details

Closed on
Mar 23, 2018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
4.32%

Purchase Details

Closed on
Feb 26, 2009
Sold by
Kretzschmar Alan and Kretzschmar Vicky L
Bought by
Kretzschmar Gary J
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
Scruggs Darren K $215,000 None Available
-- $73,000 --
Sunfish Property Group Llc $73,000 North American Title
Kretzschmar Gary J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner -- $73,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2018 11/01/18 Sold $215,000 -14.0% $81 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
09/26/2018 09/26/18 Price Changed $249,900 -7.4% $94 / Sq Ft
06/22/2018 06/22/18 For Sale $269,900 -- $102 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $3,844 $437,600 $191,600 $246,000
2023 $2,860 $342,700 $171,800 $170,900
2022 $3,026 $323,900 $175,500 $148,400
2021 $2,860 $274,200 $148,500 $125,700
2020 $2,928 $253,600 $137,400 $116,200
2019 $2,966 $260,500 $137,400 $123,100
2018 $1,992 $253,100 $126,400 $126,700
2017 $1,904 $185,900 $75,300 $110,600
2016 $1,762 $182,200 $73,100 $109,100
2015 -- $157,300 $61,158 $96,142
2012 -- $134,100 $73,100 $61,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7018191

REALTOR® Association of Southern Minnesota

APN: 05.005.3900