NOT LISTED FOR SALE

505 1st Ave SW Pine Island, MN 55963

Estimated Value: $246,000 - $287,000

3 Beds
2 Baths
1,704 Sq Ft
$159/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $270,000 $158 Per Sq Ft

Current estimated payment $1,675/month

4 Days on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • Patio
  • The kitchen features windows
  • Eat-In Kitchen
  • Living Room

About This Home

As of October 2023

Make this beautiful move-in ready rambler yours! Step inside this charming 3 bedroom, 2-bathroom home ideally situated near Pine Island schools and the Douglas Trail. Enjoy the updated kitchen featuring quartz countertops, tile backsplash, and stainless steel appliances. The lower level offers an oversized laundry room, third bedroom and a second bathroom with a granite countertop and tiled walk-in shower. Step outside to a spacious backyard with a cement patio, flat yard, fire pit, and a convenient shed. Perfect for outdoor gatherings and relaxation!

Last Agent to Sell the Property

Alexis Groteboer

Re/Max Results Listed on: 08/30/2023

Re/Max Results

Last Buyer's Agent

Rebecca Zincke

Counselor Realty of Rochester

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,096

Year Built

  • Built in 1965

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 80x91

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 682800430

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,096

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 900
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full, Storage Space
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Living Area: 1704
  • Fireplace: No
  • Below Grade Finished Sq Ft: 804
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Storage
  • SqFtTotal: 1704.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Other Structures: Storage Shed
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Attached Garage, Concrete
  • Garage Square Feet: 300

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Kitchen Center Island,Kitchen Window,Patio

Schools

  • Junior High Dist: Pine Island
  • SchoolDistrictNumber: 255
  • SchoolDistrictPhone: 507-356-4849

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 80x91
  • Lot Size Sq Ft: 6534
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 682800430
  • Tax Annual Amount: 2096
  • TaxWithAssessments: 2096.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Oct 18, 2023
Sold by
Otto-Fisher Zachariah and Otto-Fisher Jessica
Bought by
Rucker Emilie
Seller's Agent
Alexis Groteboer
Re/Max Results
Buyer's Agent
Rebecca Zincke
Counselor Realty of Rochester
List Price
$265,000
Sold Price
$270,000
Premium/Discount to List
$5,000
1.89%
Views
11
Current Estimated Value
$271,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,320
Avg. Annual Appreciation
0.25%
Original Mortgage
$216,000
Outstanding Balance
$211,753
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$59,567

Purchase Details

Closed on
Jun 24, 2022
Sold by
Happel and Jayde
Bought by
Otto-Fisher Zachariah and Otto-Fisher Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2020
Sold by
Grant Matthew R and Grant Danielle
Bought by
Happel Clayton and Happel Jayde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,439
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 2015
Sold by
Robertson Chad A and Robertson Morgan
Bought by
Grant Matthew R

Purchase Details

Closed on
Nov 4, 2011
Sold by
Ryan Thomas P
Bought by
Robertson Chad A
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
Rucker Emilie $270,000 --
Otto-Fisher Zachariah $262,000 None Listed On Document
Happel Clayton $208,000 Burnet Title
Grant Matthew R -- Rochester Title
Robertson Chad A $94,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rucker Emilie $216,000
Previous Owner Otto-Fisher Zachariah $232,000
Previous Owner Happel Clayton $185,439
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $270,000 +1.9% $158 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $265,000 -- $156 / 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 $2,832 $201,400 $42,200 $159,200
2024 -- $201,400 $42,200 $159,200
2023 $2,500 $195,200 $42,200 $153,000
2022 $2,096 $168,700 $32,000 $136,700
2021 $1,808 $134,300 $32,000 $102,300
2020 $1,686 $126,100 $25,600 $100,500
2019 $1,712 $118,900 $25,600 $93,300
2018 $1,504 $119,800 $25,600 $94,200
2017 $1,308 $108,200 $25,600 $82,600
2016 $1,080 $100,500 $25,600 $74,900
2015 $938 $87,300 $25,600 $61,700
2014 -- $84,400 $28,800 $55,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6427320

NorthstarMLS

APN: 68.280.0430