NOT LISTED FOR SALE

502 Lake Ave S Paynesville, MN 56362

Estimated Value: $183,000 - $204,000

2 Beds
1 Bath
1,226 Sq Ft
$157/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $141,500 $115 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,141/month

2 Days on Market

Highlights

  • Sun or Florida Room
  • 1-Story Property
  • Water Softener is Owned
  • No HOA
  • Forced Air Heating and Cooling System
  • Combination Kitchen and Dining Room

About This Home

As of September 2023

***Multiple offers received*** All offers need to be submitted by 5:00 today - Thursday***
Sweet, move in ready house with a wonderful sunroom, gas fireplace and large two car garage. This 2 bedroom, 1 bathroom house has a freshly painted interior (2023) and boasts a new furnace (2022), water heater (2022) and new sewer line to street (2022) Lovely and quaint front porch perfect for morning coffee, along with a cute backyard with fire pit and many perennials. This perfect starter or down sizer home is close to the elementary school, hospital and city park.

Last Agent to Sell the Property

Jennifer Mueller

Coldwell Banker Realty Brokerage Phone: 612-209-8125 Listed on: 08/15/2023

Coldwell Banker Realty

Last Buyer's Agent

Maria Oman

Premier Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,514

Year Built

  • Built in 1924

Lot Details

  • 6,475 Sq Ft Lot
  • Lot Dimensions are 124x52

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

  • 1,226 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Sun or Florida Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 70392660000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,514

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1924
  • Above Grade Finished Sq Ft: 1226
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-209-8125
  • Attribution Contact: 612-209-8125
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Concrete, Unfinished
  • Appliances: Cooktop, Dishwasher, Microwave, Range, Refrigerator, Water Softener Owned
  • Fireplace Features: Gas, Living Room
  • Living Area: 1226
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Dining Room, Sun Room
  • SqFtTotal: 1981.00

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years
  • Fencing: None

Garage/Parking

  • Parking Features: Detached, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Sun Room

Schools

  • Junior High Dist: Paynesville
  • SchoolDistrictPhone: 320-243-3410

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 124x52
  • Lot Size Sq Ft: 6475
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board, Stucco

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 70392660000
  • Tax Annual Amount: 1514
  • TaxWithAssessments: 1274.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 5, 2023
Sold by
Estate Of Sharon K Lunz
Bought by
Oman Maria and Oman Brett
Seller's Agent
Jennifer Mueller
Coldwell Banker Realty
Buyer's Agent
Maria Oman
Premier Real Estate Services
List Price
$135,000
Sold Price
$141,500
Premium/Discount to List
$6,500
4.81%
Views
9
Current Estimated Value
$192,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,715
Avg. Annual Appreciation
15.39%
Original Mortgage
$141,500
Outstanding Balance
$138,396
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$53,819

Purchase Details

Closed on
Jun 25, 1994
Sold by
Vadner Alma
Bought by
Lunz Sharon
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Oman Maria $141,500 --
Lunz Sharon $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oman Maria $141,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2023 09/11/23 Sold $141,500 +4.8% $115 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $135,000 -- $110 / 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 $1,560 $166,200 $22,300 $143,900
2024 $1,536 $149,100 $22,300 $126,800
2023 $1,536 $142,900 $23,800 $119,100
2022 $1,274 $117,200 $21,600 $95,600
2021 $1,132 $117,200 $21,600 $95,600
2020 $1,052 $108,300 $21,600 $86,700
2019 $838 $102,300 $20,400 $81,900
2018 $716 $80,100 $18,100 $62,000
2017 $752 $82,900 $18,100 $64,800
2016 $746 $0 $0 $0
2015 $712 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6413971

NorthstarMLS

APN: 70.39266.0000