NOT LISTED FOR SALE

48312 State Highway 87 Menahga, MN 56464

Estimated Value: $214,000 - $353,000

2 Beds
1 Bath
830 Sq Ft
$343/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $130,000 $157 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,842/month

17 Days on Market

Highlights

  • Barn
  • Wood Burning Stove
  • Machine Shed
  • 80 Acre Lot
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of May 2014

80 Acre Hobby Farm has a two bedroom, one bath home. Several outbuildings including a garage, barn and pole barn. This is a Fannie Mae HomePath property. Purchase this property for as little as 5% down. This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Bonnie Dykhoff (Nelson)

Centennial Realty Listed on: 02/17/2014

Last Buyer's Agent

Debra Porkkonen

Centennial Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $644

Year Built

  • Built in 1961

Lot Details

  • 80 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Farm
  • Concrete Fiber Board Siding

Interior Spaces

  • 830 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Block Basement Construction

Farming

  • Barn
  • Hobby or Recreation Farm
  • Machine Shed

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 310108000

Property Details

Property Type

Other

Est. Annual Taxes

$644

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Farms
  • Classification: Nonhomestead
  • Sub Type: Farm
  • Foreclosure: Yes
  • Parcel Number: 310108000
  • Projected Closed Date: 03/31/2014
  • Stories: 1 Story
  • Taxes With Assessments: 1752
  • Percentage Of Ownership: 100
  • Estimated Number of Acres: 80
  • Farm Type: Hobby
  • Price Per Sq Ft: 156.63
  • Special Features: 20
  • Property Sub Type: Other

Interior Features

  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 2: Bedroom, 7'3x5'2, On Level: Main
  • Room 9: Kitchen, 12x12, On Level: Main
  • Room 12: Living Room, 16x12, On Level: Main
  • Room 13: Master Bedroom, 10x9, On Level: Main
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 830
  • Total Square Footage: 830

Exterior Features

  • Exterior: Fiber Board
  • Out Buildings: Barn, MacHine Shed

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Wood
  • Heat: Wood Stove
  • Sewer: Private
  • Water: Private

Schools

  • School District: Menahga #821

Building Info

  • Year Built: 1961

Tax Info

  • Year: 2014
  • Tax Value: 644

MLS Schools

  • School District: Menahga #821

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2014
Closed on
May 30, 2014
Sold by
Fannie Mae
Bought by
Paurus Ross
Seller's Agent
Bonnie Dykhoff (Nelson)
Centennial Realty
Buyer's Agent
Debra Porkkonen
Centennial Realty
List Price
$119,900
Sold Price
$130,000
Premium/Discount to List
$10,100
8.42%
Current Estimated Value
$333,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,131
Avg. Annual Appreciation
7.49%

Purchase Details

Closed on
Feb 13, 2013
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 23, 2013
Sold by
Crabtree Eric Gene and Crabtree Karen
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jul 23, 2008
Sold by
Paurus Clarence W and Paurus Marcella
Bought by
Crabtree Eric Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.54%
Mortgage Type
New Conventional
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
Paurus Ross -- Title One Inc
Federal National Mortgage Association -- None Available
Jpmorgan Chase Bank National Association $111,419 None Available
Crabtree Eric Gene $110,000 Title Source Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crabtree Eric Gene $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $130,000 +8.4% $157 / Sq Ft
03/06/2014 03/06/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $119,900 -- $144 / 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 $904 $422,700 $308,700 $114,000
2024 $826 $315,900 $215,400 $100,500
2023 $800 $290,200 $192,600 $97,600
2022 $696 $245,900 $161,200 $84,700
2021 $604 $244,400 $161,200 $83,200
2020 $632 $244,400 $161,200 $83,200
2019 $596 $237,700 $157,000 $80,700
2018 $530 $225,000 $149,800 $75,200
2017 $640 $208,800 $144,800 $64,000
2016 $648 $215,500 $144,800 $70,700
2015 $608 $207,500 $131,200 $76,300
2014 -- $201,500 $125,900 $75,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Bonnie Dykhoff (Nelson)

    Centennial Realty

  • D

    Buyer's Agent in 2014

    Debra Porkkonen

    Centennial Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4587320

REALTOR® Association of Southern Minnesota

APN: R310108000

Minnesota Becker County Menahga 56464

48312 State Highway 87, Menahga, MN

This home is located at 48312 State Highway 87, Menahga, MN 56464 since 17 February 2014 and is currently estimated at $284,582, approximately $342 per square foot. This property was built in 1961. 48312 State Highway 87 is a home located in Becker County with nearby schools including Frazee Secondary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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