NOT LISTED FOR SALE

502 2nd St SW Montgomery, MN 56069

Estimated Value: $196,000 - $271,000

3 Beds
1 Bath
1,092 Sq Ft
$209/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $182,000 $167 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,488/month

1 Day on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • Living Room
  • The kitchen features windows
  • Eat-In Kitchen
  • 1-Story Property

About This Home

As of May 2022

The perfect opportunity to make this home shine again with your own personal updates. If you are looking for one level living that is close to schools, dining, stores, and parks, this is the house for you. Located on a quiet street that is easily walkable to the downtown amenities.

Last Listed By

Sandra Penny

Coldwell Banker River Valley, REALTORS Listed on: 04/13/2022

Coldwell Banker River Valley, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,752

Year Built

  • Built in 1961

Lot Details

  • 7,013 Sq Ft Lot
  • Lot Dimensions are 70x100
  • Few Trees

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Freezer
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 225700100

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,752

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1961
  • Above Grade Finished Sq Ft: 1092
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished
  • Appliances: Dryer, Freezer, Range, Refrigerator, Washer, Water Softener Owned
  • Living Area: 1092
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3
  • SqFtTotal: 2184.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 286

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Kitchen Window,Patio

Schools

  • Junior High Dist: Tri-City United
  • SchoolDistrictNumber: 2905
  • SchoolDistrictPhone: 507-364-8100

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 70x100
  • Lot Size Sq Ft: 7013.16
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 225700100
  • Tax Annual Amount: 1752
  • TaxWithAssessments: 1752.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2024
Sold by
Wegner Brett and Bowers Wegner Julie
Bought by
Bauer Spencer and Bauer Emma
Total Days on Market
1
Current Estimated Value
$228,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,453
Outstanding Balance
$229,292
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$8,013

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 13, 2022
Sold by
Pomije George and Pomije Elizabeth
Bought by
Wegner Brett and Bowers Wegner Julie
Seller's Agent
Sandra Penny
Coldwell Banker River Valley, REALTORS
Buyer's Agent
Daryl Bauer
Re/Max Advantage Plus
List Price
$159,000
Sold Price
$182,000
Premium/Discount to List
$23,000
14.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$130,892
Interest Rate
4.67%
Mortgage Type
New Conventional

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
Bauer Spencer $231,000 --
Wegner Brett $182,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Spencer $230,453
Previous Owner Wegner Brett $130,892
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $182,000 +14.5% $167 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $159,000 -- $146 / Sq Ft
Source: NorthstarMLS

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 $2,634 $176,600 $37,900 $138,700
2023 $2,106 $176,600 $37,900 $138,700
2022 $1,752 $158,200 $37,900 $120,300
2021 $1,660 $126,500 $33,900 $92,600
2020 $1,526 $120,500 $30,900 $89,600
2019 $1,440 $85,400 $23,457 $61,943
2018 $1,425 $76,900 $22,695 $54,205
2017 $1,245 $66,000 $19,445 $46,555
2016 $1,182 $55,600 $15,597 $40,003
2015 $1,167 $55,600 $15,597 $40,003
2014 $931 $40,600 $11,334 $29,266
2013 $926 $40,600 $11,334 $29,266
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6176517

NorthstarMLS

APN: 22.570.0100