NOT LISTED FOR SALE

501 501 Summit Ave New Ulm, MN 56073

Estimated Value: $216,000 - $237,000

3 Beds
2 Baths
1,611 Sq Ft
$143/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $218,000 $135 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,477/month

2 Days on Market

Highlights

  • 0.65 Acre Lot
  • 1 Car Detached Garage
  • Bathroom on Main Level
  • Wood Flooring
  • Porch
  • 1-Story Property

About This Home

As of May 2024

Welcome to 501 Summit Avenue, a charming rambler with three bedrooms, including a versatile space for a mother-in-law suite. Nestled near parks, schools, and a recreation center, this home offers convenience and a friendly atmosphere. Wood shake shingles adorn the exterior, hinting at the warmth within. Step inside to discover hardwood floors and a focal wood-burning fireplace in the inviting living space. The galley-style kitchen combines functionality with style, complemented by a three-season porch for year-round enjoyment. Vaulted ceilings and strategically placed windows create an airy, bright ambiance throughout the home. Though lacking a basement, the crawl space provides easy access for maintenance and storage needs. One unique feature is the potential for expansion in the attic, allowing you to customize the home according to your evolving needs—be it a home office, studio, or additional bedrooms. Outdoor living is enhanced by a patio, perfect for entertaining or relaxation. This property is not just a house; it's a home with character and potential. Embrace the versatility of the mother-in-law suite, the warmth of the wood-burning fireplace, and the promise of expansion in the attic. Make 501 Summit Avenue your haven for comfortable and personalized living. Preferred possession is May 1, 2024

Last Agent to Sell the Property

Jeff Kaul

CENTURY 21 ATWOOD License #003236510 Listed on: 01/25/2024

CENTURY 21 ATWOOD

Last Buyer's Agent

Non Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,996

Year Built

  • Built in 1950

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 141 x 200
  • Landscaped
  • Many Trees

Home Design

  • Frame Construction
  • Shake Roof
  • Stone Exterior Construction

Interior Spaces

  • 1,611 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Wood Flooring
  • Washer

Kitchen

  • Built-In Oven
  • Range
  • Trash Compactor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Parking

  • 1 Car Detached Garage
  • Driveway with Pavers

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 001.700.000.050.30

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,996

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Hardwood Floors
  • Amenities Exterior: Driveway - Pavers, Porch
  • Estimated Number of Acres: 0.65
  • Construction: Previously Owned
  • Foundation Size: 1611
  • L V T Date: 01/25/2024
  • Mechanicals: Water Heater-Electric, Water Softener-Owned
  • Parcel Number: 001.700.000.050.30
  • Price Per Square Foot: 130
  • Projected Closed Date: 05/10/2024
  • Sold Price Per Sq Ft: 135
  • Stories: 1 Story
  • Taxes With Assessments: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Range/Stove, Refrigerator, Trash Compactor, Wall Oven, Washer
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor 3/4 Bath, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Kitchen, 13x9, On Level: Main
  • Room 2: Dining Room, 9x12, On Level: Main
  • Room 3: Living Room, 15x14, On Level: Main
  • Room 4: Bedroom, 11.6x9.6, On Level: Main
  • Room 5: Bedroom, 12.6x11, On Level: Main
  • Room 6: Bedroom, 12.6x11, On Level: Main
  • Finished Above Grade Sq Ft: 1611
  • Tot Above Grade Sq Ft: 1611
  • Total Fin Square Footage: 1611
  • Total Square Footage: 1611

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Stone
  • Roof: Shake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

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

Schools

  • School District: New Ulm #88

Lot Info

  • Estimated Lot Dimensions: 141 x 200
  • Lot/Land Description: Landscaped, Tree Coverage - Heavy

Building Info

  • Year Built: 1950

Tax Info

  • Year: 2023
  • Tax Value: 1996

MLS Schools

  • School District: New Ulm #88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
May 1, 2024
Sold by
Luedtke Charles
Bought by
Green Family Trust
Seller's Agent
Jeff Kaul
CENTURY 21 ATWOOD
Buyer's Agent
Non Member
Non-Member
List Price
$209,900
Sold Price
$218,000
Premium/Discount to List
$8,100
3.86%
Views
34
Current Estimated Value
$230,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,827
Avg. Annual Appreciation
4.79%
Source: Public Records

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Range of Values:

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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
Green Family Trust $218,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $218,000 +3.9% $135 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $209,900 -- $130 / 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 $2,350 $188,200 $71,200 $117,000
2023 $2,350 $166,000 $70,000 $96,000
2022 $1,998 $147,200 $60,800 $86,400
2021 $1,990 $139,600 $60,800 $78,800
2020 $1,568 $140,200 $60,800 $79,400
2019 $1,554 $116,000 $74,400 $41,600
2018 $1,756 $116,600 $74,400 $42,200
2017 $1,700 $123,600 $74,400 $49,200
2016 $1,670 $118,998 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7034161

REALTOR® Association of Southern Minnesota

APN: 00170000005030