NOT LISTED FOR SALE

490 7th Ave SW Wells, MN 56097

Estimated Value: $130,442 - $176,000

3 Beds
1 Bath
1,144 Sq Ft
$138/Sq Ft Est. Value

Last Sold June 07, 2018

Last sale price $56,355 $49 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $926/month

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Wood Flooring
  • Bathroom on Main Level
  • 4-minute walk to Half Moon Park

About This Home

As of June 2018

3BR 1BA rambler located in Wells. Main floor offers a spacious living room, dining room, and open kitchen. 3 same floor bedrooms with hardwood flooring and a full bathroom round out the main level. Basement is unfinished but offers great potential. Large yard and a double detached garage are just a few other perks!

Last Agent to Sell the Property

Dennis Terrell

RE/MAX DYNAMIC AGENTS License #20370666 Listed on: 03/26/2018

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

KIM HUPER

SUPER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,168

Year Built

  • 1958

Parking

  • 2 Car Detached Garage

Home Design

  • 1,144 Sq Ft Home
  • Ranch Style House
  • Metal Roof
  • Wood Siding
  • Concrete Block And Stucco Construction

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 303840870

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,168

Year Built

1958

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: Ranch/Rambler (L)
  • Amenities: Hardwood Floors, Tiled Floors
  • Foreclosure: Undisclosed
  • Foundation Size: 1144
  • L V T Date: 03/26/2018
  • Mechanicals: Sump Pump
  • Parcel Number: 303840870
  • Potential Short Sale: Undisclosed
  • Stories: 1 Story
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1958

Interior Features

  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1144
  • Tot Above Grade Sq Ft: 1144
  • Total Fin Square Footage: 1144
  • Total Square Footage: 2288
  • Tot Below Grade Sq Ft: 1144

Exterior Features

  • Construction Type: Concrete Block
  • Exterior: Wood
  • Roof: Metal

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
May 10, 2018
Sold by
U S Bank National Association
Bought by
Sonnek Amanda
Seller's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
KIM HUPER
SUPER REALTY
List Price
$52,000
Sold Price
$56,355
Premium/Discount to List
$4,355
8.38%
Current Estimated Value
$157,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,256
Avg. Annual Appreciation
14.85%
Original Mortgage
$54,601
Outstanding Balance
$47,121
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$110,490

Purchase Details

Closed on
Jan 4, 2011
Sold by
Staloch Marlene M
Bought by
Drescher Alan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,694
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Sonnek Amanda $56,291 None Available
Drescher Alan M $60,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sonnek Amanda $54,601
Previous Owner Drescher Alan M $62,694
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2018 06/07/18 Sold $56,355 +8.4% $49 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $52,000 -- $45 / 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 $1,168 $100,400 $17,500 $82,900
2024 $1,250 $84,500 $12,300 $72,200
2023 $1,160 $86,100 $9,600 $76,500
2022 $1,536 $77,600 $9,600 $68,000
2021 $1,472 $62,700 $7,200 $55,500
2020 $1,448 $62,700 $7,200 $55,500
2019 $926 $58,500 $5,800 $52,700
2018 $1,014 $56,700 $4,000 $52,700
2017 $884 $56,500 $4,000 $52,500
2015 $748 $56,500 $4,000 $52,500
2013 -- $56,500 $4,000 $52,500
Source: Public Records

Agents Affiliated with this Home

  • Dennis Terrell

    Seller's Agent in 2018

    Dennis Terrell

    RE/MAX

    (507) 340-4562

    165 Total Sales

    Dennis Terrell
    Section Image
  • KIM HUPER

    Buyer's Agent in 2018

    KIM HUPER

    SUPER REALTY

    (507) 327-4890

    80 Total Sales

    KIM HUPER
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7017095

REALTOR® Association of Southern Minnesota

APN: 30.384.0870

Minnesota Faribault County Wells 56097

490 7th Ave SW, Wells, MN

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