NOT LISTED FOR SALE

502 3rd Ave NW Buffalo, MN 55313

Estimated Value: $182,000 - $231,092

2 Beds
1 Bath
1,020 Sq Ft
$203/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $195,000 $191 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,223/month

Highlights

  • Lake View
  • Deck
  • Home Office
  • Northwinds Elementary School Rated A-
  • No HOA
  • Living Room

About This Home

As of August 2024

Welcome to your cozy home in the heart of Buffalo! This property offers a great starter home opportunity for someone or an investment opportunity! Located just blocks up from Buffalo lake, your property offers mature trees surrounding your lot with an oversized, long driveway! Your deck sits to the south side of the house so you can enjoy both the backyard and the front of the house! As you step into you main level, your updated bath with granite countertops is easily accessible off the side door. Your kitchen offers plenty of counter space with a peninsula and numerous cabinets! Your dining area is off the kitchen which is open to your living room with windows overlooking your front yard. You also have a bonus room on the main level which could be used for an office / play room / or even converted to a 3rd bed. The lower level offers your 2 beds, 1 of which walks out to your backyard for convenience! Your backyard offers numerous storage sheds and provides lots of space for entertaining and playing! Close to Buffalo lake, this charming home is ready for its next owner to enjoy!

Last Agent to Sell the Property

Ashley Trulson

Keller Williams Classic Rlty NW Brokerage Phone: 763-290-8003 Listed on: 07/27/2024

Keller Williams Classic Rlty NW

Last Buyer's Agent

Laura Rath

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,796

Year Built

  • Built in 1930

Lot Details

  • 10,193 Sq Ft Lot
  • Lot Dimensions are 71x143x74x143
  • Many Trees

Parking

  • Open Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Living Room
  • Dining Room
  • Home Office
  • Storage Room
  • Utility Room
  • Lake Views

Kitchen

  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Storage
  • Basement Window Egress

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Littles Div Subdivision

Listing and Financial Details

  • Assessor Parcel Number 103035000111

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,796

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 720
  • Water Body Name: Buffalo
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 763-290-8003
  • Attribution Contact: 763-290-8003
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished, Storage Space, Walkout
  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Washer
  • Living Area: 1020
  • Fireplace: No
  • Below Grade Finished Sq Ft: 300
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bathroom, Office, Bedroom 1, Bedroom 2, Storage, Utility Room, Deck

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • View: Lake, North
  • Other Structures: Storage Shed
  • PatioPorchType: Deck,Patio
  • LakeChain: N

Garage/Parking

  • Parking Features: Asphalt, Open

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Natural Woodwork

Schools

  • Junior High Dist: Buffalo-Hanover-Montrose
  • SchoolDistrictPhone: 763-682-8707

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 71x143x74x143
  • Lot Size Sq Ft: 10193.04
  • Land Lease: No
  • Lot Features: Some Trees, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 103035000111
  • Tax Annual Amount: 1796
  • TaxWithAssessments: 1796.0000

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2024
Closed on
Aug 29, 2024
Sold by
Jewell Rita and Jewell Richard
Bought by
Hanson Gage
Seller's Agent
Ashley Trulson
Keller Williams Classic Rlty NW
Buyer's Agent
Laura Rath
Coldwell Banker Realty
List Price
$175,000
Sold Price
$195,000
Premium/Discount to List
$20,000
11.43%
Views
34
Current Estimated Value
$207,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,273
Avg. Annual Appreciation
4.52%
Original Mortgage
$183,250
Outstanding Balance
$181,304
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$25,969
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Hanson Gage $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Gage $183,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2024 08/29/24 Sold $195,000 +11.4% $191 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $175,000 0.0% $172 / Sq Ft
07/31/2024 07/31/24 Price Changed $175,000 -- $172 / 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
2025 $1,662 $189,200 $70,500 $118,700
2024 $1,814 $158,200 $70,500 $87,700
2023 $1,814 $167,500 $70,000 $97,500
2022 $1,612 $158,100 $64,000 $94,100
2021 $1,614 $131,300 $50,000 $81,300
2020 $1,508 $129,100 $45,000 $84,100
2019 $1,130 $119,300 $0 $0
2018 $980 $74,500 $0 $0
2017 $862 $64,100 $0 $0
2016 $822 $0 $0 $0
2015 $738 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6573627

NorthstarMLS

APN: 103-035-000111