NOT LISTED FOR SALE

503 E River Dr Park Rapids, MN 56470

Estimated Value: $78,000 - $194,000

3.33 Acres
$36,854 Price per Acre
145,055 Sq Ft Lot

Last Sold December 27, 2023

Last sale price $85,000 $93 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $683/month

1 Day on Market

Highlights

  • Corner Lot
  • Property is near a preserve or public land
  • Many Trees
  • No HOA

About This Lot

As of December 2023

East River Drive / Heartland Trail. This is a 3 lot, 3.33 acre offering being sold as a package. Zoned R-3 Medium Density Residential providing a ton of options for the investor or builder. City utilities, natural gas and fiber optic internet are all available. Beautiful setting with both level and sloped topography conducive for a number of building options. Big bonus; the entire west boundary (338ft) is the Heartland Trail. Owner/Agent.

Last Agent to Sell the Property

Jack Brann

Affinity Real Estate Inc. Listed on: 11/15/2023

Last Buyer's Agent

Jack Brann

Affinity Real Estate Inc. Listed on: 11/15/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,080

Lot Details

  • Lot Dimensions are 481 x 338 x 396 x 330
  • Corner Lot
  • Many Trees
  • Additional Parcels
  • Zoning described as Residential-Multi-Family

Community Details

  • No Home Owners Association
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 325202200

Property Details

Property Type

Land

Est. Annual Taxes

$1,080

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • BuilderRestrict: Open
  • Improvements: Paved Streets,Public Road
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Platted

Utilities

  • Utilities: None Connected, Cable Available, Electricity Available, Natural Gas Available, Other Available, Sewer Available, Phone Available, Underground Utilities Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Park Rapids
  • SchoolDistrictPhone: 218-237-6500

Lot Info

  • Topography: Level,Sloped
  • Lot Size: 481 x 338 x 396 x 330
  • Land Lease: No
  • Lot Features: Corner Lot, Property Adjoins Public Land, Tree Coverage - Heavy
  • Additional Parcels: Yes
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 325202200
  • Tax Annual Amount: 1080
  • TaxWithAssessments: 1080.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2021
Sold by
Filas Dolores M and Filas Philip B
Bought by
Park Ave Pr Llc
Current Estimated Value
$122,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Outstanding Balance
$42,580
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$80,143

Purchase Details

Closed on
Mar 2, 2020
Sold by
Filas Philip B and Filas Dolores M
Bought by
Filas Philip B and Filas Dolores M

Purchase Details

Closed on
Oct 24, 2011
Sold by
Filas Philip B and Filas Dolores M
Bought by
Filas Philip B and Filas Dolores M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Park Ave Pr Llc $62,500 None Available
Filas Philip B -- None Available
Filas Philip B -- None Available
-- $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Ave Pr Llc $47,500
Closed -- $62,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2023 12/27/23 Sold $85,000 -5.5% $93 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $89,900 -- $99 / 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 $482 $31,700 $31,700 $0
2023 $444 $29,000 $29,000 $0
2022 $844 $29,000 $29,000 $0
2021 $808 $49,400 $28,800 $20,600
2020 $804 $47,800 $29,000 $18,800
2019 $720 $46,000 $29,000 $17,000
2018 $706 $42,300 $25,200 $17,100
2016 $832 $52,600 $33,300 $19,300
2015 $722 $52,000 $33,300 $18,700
2014 $772 $55,600 $37,800 $17,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6460894

NorthstarMLS

APN: 32.52.02200