NOT LISTED FOR SALE

502 2nd St N Virginia, MN 55792

8 Beds
3 Baths
2,050 Sq Ft
1900 Built

Sale Details

Date Sold: October 25, 2022

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

221 Days on Market

Highlights

  • Deck
  • Rock Ridge High 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

Home Design

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

Basement

  • Partial Basement
  • Block Basement Construction

Lot Details

  • Lot Dimensions are 120 x 37.5
  • Irregular Lot

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

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame, Concrete Block
  • Irregular Lot Size: Yes
  • Lvt Date: 02/07/2022
  • Real Estate Tax: 1,692
  • 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

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

Lot Info

  • Zoning: Res

Rental Info

  • Actual Income: 30000

Multi Family

  • Number Of Units: 3

Tax Info

  • Taxes: 1,692
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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 List to Sale Price per Sq Ft
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

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 $4,020 $102,200 $3,700 $98,500
2023 $3,882 $117,900 $3,700 $114,200
2022 $1,656 $76,200 $3,300 $72,900
2021 $1,692 $62,400 $3,300 $59,100
2020 $1,280 $62,400 $3,300 $59,100
2019 $1,098 $48,600 $3,300 $45,300
2018 $1,092 $44,600 $3,800 $40,800
2017 $1,316 $44,600 $3,800 $40,800
2016 $1,346 $54,800 $3,800 $51,000
2015 $1,262 $61,800 $3,800 $58,000
2014 $1,262 $61,500 $3,800 $57,700
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®
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