Seller's Agent in 2024
Nita Khosla
Edina Realty, Inc.
(507) 254-0041
27 in this area
195 Total Sales
503 8th Ave SW Rochester, MN 55902
Historic Southwest NeighborhoodEstimated Value: $934,040 - $1,030,000
4
Beds
2.5
Baths
3,124
Sq Ft
$311/Sq Ft
Est. Value
Highlights
- 18,295 Sq Ft lot
- Deck
- Home Office
- Folwell Elementary School Rated A-
- No HOA
- 4-minute walk to St Marys Park
About This Home
As of June 2024Very Charming, 2 story Neoclassical design home located in Historic Old SW. Walk to Folwell School, Mayo Clinic Campus & Downtown. Updated, Pre-inspected, neutral decor, move in condition. Beautiful, private, landscaped large lot with mature trees. Wrap-around large deck & summer house building above detached garage. 4 car garage (2 car attached & 2 car detached garage), wood floors, wood burning fireplace. Main floor has large living room, large formal dining room, office, foyer, half bath, eat-in kitchen, and large family room. Upper level has 4 bedrooms (large primary bedroom with private 3/4 bath) & 2 baths. Lower level has laundry, storage & utility areas.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,540
Year Built
- Built in 1910
Lot Details
- 0.42
Parking
- 4 Car Attached Garage
Interior Spaces
- 3,124 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Home Office
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Schools
- Folwell Elementary School
- John Adams Middle School
- Mayo High School
Utilities
- Hot Water Heating System
- Cable TV Available
Additional Features
- Deck
- 0.42 Acre Lot
Community Details
- No Home Owners Association
- Fritsch & Magaw Resub Subdivision
Listing and Financial Details
- Assessor Parcel Number 640223008062
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2023
Closed on
Jun 17, 2024
Sold by
Kozicz Laszlo Tamas and Morava-Kozicz Eva
Bought by
Cortez Alexander R and Cortez Christianna N
Seller's Agent
Nita Khosla
Edina Realty, Inc.
Buyer's Agent
Nita Khosla
Edina Realty, Inc.
List Price
$999,900
Sold Price
$899,999
Premium/Discount to List
-$99,901
-9.99%
Views
362
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,618
Avg. Annual Appreciation
2.99%
Original Mortgage
$900,000
Interest Rate
7.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2018
Sold by
Wettstein Peter J and Wettstein Holly
Bought by
Morava Kozicz Eva and Kozicz Laszlo Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 19, 2013
Sold by
Schultze Ellen Christine
Bought by
Wettstein Peter Johnson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 14, 2013
Sold by
Schultze E Christine E and Schultze Ellen Christine
Bought by
Wettstein Peter J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cortez Alexander R | $900,000 | Edina Realty Title | |
| Morava Kozicz Eva | $720,000 | Edina Realty Title Inc | |
| Wettstein Peter Johnson | -- | None Available | |
| Wettstein Peter J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cortez Alexander R | $900,000 | |
| Previous Owner | Morava Kozicz Eva | $648,000 | |
| Previous Owner | Wettstein Peter J | $216,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $899,999 | 0.0% | $288 / Sq Ft |
| 05/02/2024 05/02/24 | Pending | -- | -- | -- |
| 04/01/2024 04/01/24 | Price Changed | $899,999 | -5.3% | $288 / Sq Ft |
| 09/07/2023 09/07/23 | Price Changed | $950,000 | -5.0% | $304 / Sq Ft |
| 06/22/2023 06/22/23 | For Sale | $999,900 | -- | $320 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $14,498 | $942,400 | $200,000 | $742,400 |
| 2023 | $11,540 | $842,700 | $125,000 | $717,700 |
| 2022 | $10,000 | $737,100 | $125,000 | $612,100 |
| 2021 | $8,176 | $638,900 | $125,000 | $513,900 |
| 2020 | $8,126 | $577,100 | $125,000 | $452,100 |
| 2019 | $7,516 | $554,200 | $125,000 | $429,200 |
| 2018 | $6,146 | $521,400 | $125,000 | $396,400 |
| 2017 | $5,708 | $457,800 | $100,000 | $357,800 |
| 2016 | $4,448 | $391,100 | $99,500 | $291,600 |
| 2015 | $4,094 | $296,700 | $58,100 | $238,600 |
| 2014 | $3,964 | $290,600 | $58,000 | $232,600 |
| 2012 | -- | $287,300 | $57,904 | $229,396 |
Source: Public Records
Agents Affiliated with this Home
-
Nita Khosla
Map
Source: NorthstarMLS
MLS Number: 6372573
APN: 64.02.23.008062
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