Seller's Agent in 2023
Thom Peterson
Coldwell Banker Crown Realtors
(218) 839-1740
30 in this area
98 Total Sales
504 Park Ave S Park Rapids, MN 56470
Estimated Value: $168,000 - $233,000
3
Beds
3
Baths
1,797
Sq Ft
$110/Sq Ft
Est. Value
Highlights
- Guest House
- Walk-In Closet
- Forced Air Heating and Cooling System
- No HOA
- Living Room
- Family Room
About This Home
As of September 2023Excellent investment opportunity with 2 structures in very good condition. 2 bedroom city home located on Park Avenue South. Includes detached guest house with completely remodeled kitchen/living/dining and 2 bedrooms with walk-in closet & three quarter bathroom. Prime opportunity to be able to have a business at home!
Last Agent to Sell the Property
Coldwell Banker Crown Realtors Brokerage Email: clackdennisbroker@gmail.com Listed on: 05/17/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,338
Year Built
- Built in 1950
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50x140
Interior Spaces
- 1.5-Story Property
- Family Room
- Living Room
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Unfinished Basement
- Partial Basement
- Crawl Space
Additional Homes
- Guest House
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Rice & Cutlers Second Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 324001500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2023
Closed on
Sep 29, 2023
Sold by
Peterson Thomas and Peterson Cathy
Bought by
Stark Elizabeth
Seller's Agent
Thom Peterson
Coldwell Banker Crown Realtors
Buyer's Agent
Gene Kanten
Patriots Choice Realty
List Price
$189,500
Sold Price
$174,500
Premium/Discount to List
-$15,000
-7.92%
Views
331
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
$23,804
Avg. Annual Appreciation
5.10%
Original Mortgage
$174,500
Outstanding Balance
$171,209
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$20,780
Purchase Details
Closed on
Nov 21, 2018
Sold by
Horvath Christine F and Horvath Frank
Bought by
Peterson Thomas M and Peterson Cathy A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Stark Elizabeth | $174,500 | -- | |
| Peterson Thomas M | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stark Elizabeth | $174,500 | |
| Previous Owner | Peterson Thomas M | $104,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $174,500 | 0.0% | $97 / Sq Ft |
| 08/08/2023 08/08/23 | Pending | -- | -- | -- |
| 08/03/2023 08/03/23 | Off Market | $174,500 | -- | -- |
| 05/19/2023 05/19/23 | For Sale | $189,500 | -- | $105 / 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 | $2,820 | $170,500 | $44,700 | $125,800 |
| 2023 | $2,812 | $170,200 | $40,600 | $129,600 |
| 2022 | $2,252 | $153,100 | $40,600 | $112,500 |
| 2021 | $2,242 | $118,900 | $40,700 | $78,200 |
| 2020 | $2,676 | $124,800 | $50,800 | $74,000 |
| 2019 | $2,860 | $129,000 | $46,300 | $82,700 |
| 2018 | $2,932 | $136,100 | $48,800 | $87,300 |
| 2016 | $3,534 | $134,700 | $48,800 | $85,900 |
| 2015 | $2,859 | $123,900 | $41,500 | $82,400 |
| 2014 | $2,767 | $118,900 | $41,500 | $77,400 |
Source: Public Records
Agents Affiliated with this Home
-
Thom Peterson
-
Gene Kanten
Buyer's Agent in 2023
Gene Kanten
Realty Executives
(218) 639-1622
11 in this area
37 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6373034
APN: 32.40.01500
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