NOT LISTED FOR SALE

466 9th St Red Wing, MN 55066

Estimated Value: $182,000 - $280,000

4 Beds
2 Baths
1,750 Sq Ft
$128/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $125,000 $71 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $1,408/month

125 Days on Market

About This Home

As of September 2023

Great investment opportunity! Duplex with great potential. Each unit has 2 bedrooms and 1 bathroom. There are two spots for off-street parking. This is 1 of 5 being sold in Red Wing, all are on MLS; 220 E 4th St, 213 E 4th St, 466 9th St, 603 N Park St, and 611 N Park St (611 N Park currently under contract). It can be sold individually or as a set.

Last Agent to Sell the Property

Randy Brock

WightmanBrock Real Estate Advisors Listed on: 03/31/2023

Co-Listed By

Ethan Kaske

WightmanBrock Real Estate Advisors

Last Buyer's Agent

Stacee Draz

Draz Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,089

Year Built

  • Built in 1895

Lot Details

  • 7,841

Home Design

  • Duplex

Interior Spaces

  • 1,750 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 73.6x142
  • Boiler Heating System

Community Details

  • 2 Units
  • E J Hodgsons Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 552750040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,089

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1895
  • Above Grade Finished Sq Ft: 1750
  • Water Sewer Expenses: 1525.3
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 1750
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Garage/Parking

  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Red Wing
  • SchoolDistrictNumber: 256
  • SchoolDistrictPhone: 651-385-4500

Lot Info

  • Lot Size: 73.6x142
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 12361.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 552750040
  • Tax Annual Amount: 3089
  • TaxWithAssessments: 3850.0000

Multi Family

  • ElectricExpense: 1947.41
  • FuelExpense: 2398.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Aug 22, 2023
Sold by
Sjostrom Douglas W and Sjostrom Kim J
Bought by
Miller Jason J
Seller's Agent
Randy Brock
WightmanBrock Real Estate Advisors
Buyer's Agent
Stacee Draz
Draz Real Estate Inc.
List Price
$190,000
Sold Price
$125,000
Premium/Discount to List
-$65,000
-34.21%
Views
373
Current Estimated Value
$223,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,665
Avg. Annual Appreciation
32.64%
Original Mortgage
$244,266
Outstanding Balance
$152,449
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$71,216

Purchase Details

Closed on
May 12, 2023
Sold by
Sjostrom Douglas W and Sjostrom Kim J
Bought by
Bechel Brandon D

Purchase Details

Closed on
Jun 1, 2001
Sold by
Quenomoen Carl H
Bought by
Sjostrom Douglas and Sjostrom Kim
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
Miller Jason J $250,000 None Listed On Document
Bechel Brandon D $149,000 None Listed On Document
Sjostrom Douglas $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Jason J $244,266
Closed Sjostrom Douglas --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $125,000 -24.2% $71 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
07/15/2023 07/15/23 Price Changed $165,000 -13.2% $94 / Sq Ft
03/31/2023 03/31/23 For Sale $190,000 -- $109 / 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 $2,620 $163,700 $45,600 $118,100
2024 -- $158,900 $45,600 $113,300
2023 $3,976 $198,300 $45,600 $152,700
2022 $3,850 $197,100 $45,600 $151,500
2021 $3,880 $170,400 $45,600 $124,800
2020 $2,914 $160,800 $45,600 $115,200
2019 $2,858 $152,700 $45,600 $107,100
2018 $2,426 $151,400 $43,800 $107,600
2017 $2,368 $134,200 $43,800 $90,400
2016 $2,192 $132,700 $43,800 $88,900
2015 $2,122 $128,600 $43,800 $84,800
2014 -- $123,900 $43,800 $80,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6341983

NorthstarMLS

APN: 55.275.0040