NOT LISTED FOR SALE

502 2nd St N Virginia, MN 55792

8 Beds
3 Baths
2,050 Sq Ft
1900 Built

Last Sold October 25, 2022

Last sale price $94,000 $46 Per Sq Ft

221 Days on Market

Highlights

  • Deck
  • Virginia Secondary School Rated 10
  • Heating System Uses Steam

About This Home

As of October 2022

Cute taken care of two bedroom house with a deck and built in porch. Also has a duplex in front .Duplex has a five bedroom apartment and a one bedroom efficiency apartment. Long term renters so this could be an immediate income producing property at a good price. Or live in the cute house and rent the duplex to make your house payments plus income. This property is located within Walking distance to down town and a grocery store. Schedule your showing today!

Last Agent to Sell the Property

Amanda Lindberg

Edina Realty, Inc. License #40729732 Listed on: 02/07/2022

Edina Realty, Inc.

Last Buyer's Agent

Joyce Giblin

Next Door Realty License #20266725

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,692

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 120 x 37.5
  • Irregular Lot

Home Design

  • 2,050 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Construction Material

Basement

  • Partial Basement
  • Block Basement Construction

Additional Features

  • Deck
  • Heating System Uses Steam

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,356
  • Utility Expense $7,560
  • Gross Income $30,000
  • Net Operating Income $19,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,692

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame, Concrete Block
  • Irregular Lot Size: Yes
  • Lvt Date: 02/07/2022
  • Real Estate Tax: 1,692
  • Total Above Grade Sq Ft: 2050
  • Year Built: 1900
  • Lot Size Length: 120
  • Lot Size Width: 37.5
  • Utilities Expenses: 7,560
  • Insurance Expenses: 1,356
  • Net Income: 19,400
  • Projected Income: 30,000
  • Rent: Month To Month
  • Total Expense: 10,608
  • Total Income: 28,800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 2050
  • Basement: Block, Partial, Poured, Slab
  • Lower Level Sq Ft: 417
  • Main Level Sq Ft: 816
  • Upper Level Sq Ft: 1234

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle
  • Outside Features: Deck

Garage/Parking

  • Parking: Parking Area, On Street Parking

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Electric, Steam

Fee Information

  • Rent Income: 30000

Schools

  • School District: Virginia

Lot Info

  • Zoning: Res

Rental Info

  • Actual Income: 30000

Multi Family

  • Number Of Units: 3

Tax Info

  • Taxes: 1,692

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

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $94,000 -5.9% $46 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
03/28/2022 03/28/22 Price Changed $99,900 -5.7% $49 / Sq Ft
03/18/2022 03/18/22 For Sale $105,900 0.0% $52 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $105,900 -- $52 / Sq Ft
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 142832

Range Association of REALTORS®