NOT LISTED FOR SALE

505 3rd Ave W Shakopee, MN 55379

Estimated Value: $238,000 - $278,000

2 Beds
2 Baths
1,300 Sq Ft
$200/Sq Ft Est. Value

Last Sold October 01, 2014

Last sale price $75,000 $58 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $1,570/month

215 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Fireplace
  • Shakopee Senior High School Rated A-
  • 1 Car Detached Garage
  • 4-minute walk to Holmes Park

About This Home

As of October 2014

Nice corner lot w/ large backyard and fire pit. Great investment property. Light rehab.

Last Agent to Sell the Property

Carlos Gutierrez

RE/MAX Results Listed on: 02/28/2014

Co-Listed By

Karen Reid

RE/MAX Results

Last Buyer's Agent

Ryan Dybevik

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,320

Year Built

  • 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60x142
  • Corner Lot

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Driveway

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Foreclosure
  • Short Sale
  • Assessor Parcel Number 270012810

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,320

Year Built

1950

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Hardwood Floors, Natural Woodwork
  • Amenities Exterior: Driveway - Concrete, Patio
  • Estimated Number of Acres: 0.22
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Foundation Size: 792
  • Parcel Number: 270012810
  • Potential Short Sale: Yes
  • Projected Closed Date: 10/08/2014
  • Stories: 1 Story
  • Taxes With Assessments: 1282
  • Special Features: 12
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Dining Room: Eat-In Kitchen
  • Fireplace: Yes
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 2
  • Bathroom Description: 3/4 Master, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 12x15, On Level: Main
  • Room 3: Family Room, 12x32, On Level: Lower
  • Room 4: Kitchen, 10x12, On Level: Main
  • Room 5: Bedroom, 13x10, On Level: Main
  • Room 6: Bedroom, 11x10, On Level: Main
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 800
  • Below Grade Finished Sq Ft: 500
  • Total Fin Square Footage: 1300

Exterior Features

  • Frontage Road: City
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Shakopee #720

Lot Info

  • Estimated Lot Dimensions: 60x142
  • Lot/Land Description: Corner Lot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2015
Sold by
Epstein Enteprises Llc
Bought by
Wermerskirchen Michael G
Current Estimated Value
$259,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,920
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2014
Closed on
Oct 27, 2014
Sold by
Quick Homes Llc
Bought by
Epstein Enterprises Llc
Seller's Agent
Carlos Gutierrez
RE/MAX Results
Buyer's Agent
Ryan Dybevik
RE/MAX Results
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Original Mortgage
$84,280
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 28, 2014
Closed on
Oct 9, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Gutierrez Florencio Macias
Seller's Agent
Carlos Gutierrez
RE/MAX Results
Buyer's Agent
Ryan Dybevik
RE/MAX Results
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,280
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 28, 2014
Closed on
Sep 8, 2014
Sold by
Gutierrez Florencio Macias
Bought by
Quick Houses Llc
Seller's Agent
Carlos Gutierrez
RE/MAX Results
Buyer's Agent
Ryan Dybevik
RE/MAX Results
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,280
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2014
Sold by
Gutierrez Florencio Macias and Antepenko Anton
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Aug 12, 2005
Sold by
Walden Steven D
Bought by
Gutierrez Florencio Macias and Antepenko Anton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2003
Sold by
Huth Gregory and Huth Terrance
Bought by
Walden Steven D
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
Wermerskirchen Michael G $154,000 Trademark Tile Services Inc
Epstein Enterprises Llc -- West Title Llc
Gutierrez Florencio Macias -- West Title Llc
Quick Houses Llc $75,000 West Title Llc
Deutsche Bank National Trust Company $192,196 None Available
Gutierrez Florencio Macias $180,000 --
Walden Steven D $164,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wermerskirchen Michael G $150,920
Previous Owner Epstein Enterprises Llc $84,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2014 10/01/14 Sold $75,000 -24.9% $58 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $99,900 -- $77 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,320 $242,200 $134,900 $107,300
2024 $2,282 $239,900 $134,900 $105,000
2023 $2,452 $226,100 $131,000 $95,100
2022 $2,268 $237,900 $131,000 $106,900
2021 $1,908 $193,800 $108,200 $85,600
2020 $2,026 $182,500 $96,900 $85,600
2019 $2,126 $172,600 $89,600 $83,000
2018 $1,824 $0 $0 $0
2016 $2,002 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Carlos Gutierrez

    RE/MAX

  • K

    Seller Co-Listing Agent in 2014

    Karen Reid

    RE/MAX

  • R

    Buyer's Agent in 2014

    Ryan Dybevik

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4583786

REALTOR® Association of Southern Minnesota

APN: 27-001-281-0

Minnesota Scott County Shakopee 55379

505 3rd Ave W, Shakopee, MN

This home is located at 505 3rd Ave W, Shakopee, MN 55379 since 28 February 2014 and is currently estimated at $259,681, approximately $199 per square foot. This property was built in 1950. 505 3rd Ave W is a home located in Scott County with nearby schools including Sweeney Elementary School, East Middle School, and Shakopee Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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