NOT LISTED FOR SALE

44756 State Highway 87 Frazee, MN 56544

Estimated Value: $463,000 - $594,380

3 Beds
2 Baths
1,500 Sq Ft
$345/Sq Ft Est. Value

Last Sold February 18, 2013

Last sale price $280,000 $187 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $3,932/month

9 Days on Market

Highlights

  • Barn
  • 2 Car Detached Garage
  • Agricultural
  • 145 Acre Lot
  • Crops Farm
  • Forced Air Heating System

About This Home

As of February 2013

This 145 acre farm has an almost perfect mix of tillable(33 acres), CRP(27 acres), creek bottom(20 acres), and wooded acres(65 acres). Beautiful rolling hills. Spectacular oak and maple trees. Great whitetail and grouse hunting. There is a very nice 28' x 60' steel sided building with new overhead doors. Field rent and CRP provide approximately $3000.00 annual income.

Last Agent to Sell the Property

Stewart Hofland

Wood Ridge Companies, LLC Listed on: 12/19/2012

Last Buyer's Agent

Stewart Hofland

Wood Ridge Companies, LLC Listed on: 12/19/2012

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,204

Year Built

  • Built in 1921

Lot Details

  • 145 Acre Lot
  • Property fronts a highway
  • Lot Has A Rolling Slope
  • Many Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Farm
  • Poured Concrete
  • Cement Board or Planked

Interior Spaces

  • 1,500 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Storage Shed

Farming

  • Barn
  • Crops Farm
  • Tillable Land
  • Agricultural

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 110069000

Property Details

Property Type

Other

Est. Annual Taxes

$1,204

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: Farms
  • Classification: Agricultural
  • Sub Type: Farm
  • Parcel Number: 110069000
  • Projected Closed Date: 03/15/2013
  • Range: 38.00
  • Section: 15.00
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Highway
  • Taxes With Assessments: 1204
  • Twp Number: 138.00
  • Percentage Of Ownership: 100
  • Estimated Number of Acres: 145
  • Estimated Tillable Acres: 33
  • Estimated Wooded Acres: 65
  • Topography: Lowland, Rolling
  • Estimated Lowland Acres: 20
  • Estimated Program Acres: 28
  • Farm Type: Crop
  • Price Per Sq Ft: 186.67
  • Program Income: 1696
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: On Level: Main
  • Room 2: On Level: Upper
  • Room 3: On Level: Upper
  • Room 9: On Level: Main
  • Room 12: On Level: Main
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1500
  • Total Square Footage: 1500

Exterior Features

  • Frontage Road: Highway
  • Soil Type: Loam
  • Exterior: Cement Board
  • Out Buildings: Barn, Storage Shed

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Oil
  • Heat: Forced Air
  • Sewer: Private
  • Water: Private

Schools

  • School District: Frazee-Vergas  #23

Lot Info

  • Lot/Land Description: Tillable, Tree Coverage - Heavy

Building Info

  • Year Built: 1921

Tax Info

  • Year: 2012
  • Tax Value: 1204

MLS Schools

  • School District: Frazee-Vergas  #23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2012
Closed on
Feb 15, 2013
Sold by
Hofland Stewart P and Hofland Jane L
Bought by
Thielen Michael and Thielen Sara
Seller's Agent
Stewart Hofland
Wood Ridge Companies, LLC
Buyer's Agent
Stewart Hofland
Wood Ridge Companies, LLC
List Price
$299,000
Sold Price
$280,000
Premium/Discount to List
-$19,000
-6.35%
Current Estimated Value
$670,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,634
Avg. Annual Appreciation
4.96%

Purchase Details

Closed on
Feb 10, 2012
Sold by
Holmer Robert R and Holmer Susan R
Bought by
Hofland Stewart P and Hofland Jane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 12, 2010
Sold by
Holmer Robert Roger and Holmer Betty Marie
Bought by
Holmer Robert Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.7%
Mortgage Type
Credit Line Revolving
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
Thielen Michael $280,000 All American Title Company
Hofland Stewart P $210,000 All American Title Co Inc
Holmer Robert R $62,000 All American Title Company
Holmer Robert Roger $62,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmer Robert Roger $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2013 02/18/13 Sold $280,000 -6.4% $187 / Sq Ft
12/28/2012 12/28/12 Pending -- -- --
12/19/2012 12/19/12 For Sale $299,000 -- $199 / 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
2025 $4,514 $722,100 $399,200 $322,900
2024 $3,270 $462,700 $264,000 $198,700
2023 $3,270 $407,100 $242,400 $164,700
2022 $3,394 $374,400 $215,800 $158,600
2021 $3,176 $374,400 $215,800 $158,600
2020 $3,294 $374,400 $215,800 $158,600
2019 $3,494 $366,300 $206,600 $159,700
2018 $3,520 $379,600 $196,100 $183,500
2017 $1,976 $363,400 $184,600 $178,800
2016 $2,006 $208,300 $184,600 $23,700
2015 $2,138 $218,100 $194,300 $23,800
2014 -- $274,000 $237,400 $36,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Stewart Hofland

    Wood Ridge Companies, LLC

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4425772

REALTOR® Association of Southern Minnesota

APN: R110069000

Minnesota Becker County Frazee 56544

44756 State Highway 87, Frazee, MN

This home is located at 44756 State Highway 87, Frazee, MN 56544 since 19 December 2012 and is currently estimated at $516,793, approximately $344 per square foot. This property was built in 1921. 44756 State Highway 87 is a home located in Becker County with nearby schools including Frazee Secondary School.

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