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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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