NOT LISTED FOR SALE

505 N Monroe St Minneota, MN 56264

Estimated Value: $77,000 - $100,000

3 Beds
1 Bath
900 Sq Ft
$96/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $78,000 $87 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $510/month

150 Days on Market

Highlights

  • No HOA
  • Elevator
  • Living Room
  • Minneota Elementary School Rated A-
  • Breakfast Bar
  • 1-Story Property

About This Home

As of July 2024

Are you looking for a starter home or a rental property? Check out 505 Monroe St. N. The house has a great location directly across the street from the Minneota school. Home has had new siding, new steel roof and almost all new windows recently. Give us a call today to set an appointment.

Last Agent to Sell the Property

Jeffrey Carpenter

Edina Realty, Inc. Listed on: 02/22/2024

Last Buyer's Agent

Jeffrey Carpenter

Edina Realty, Inc. Listed on: 02/22/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $938

Year Built

  • Built in 1951

Lot Details

  • 8,233 Sq Ft Lot
  • Lot Dimensions are 165x50
  • Irregular Lot

Parking

  • 1 Car Garage

Home Design

  • Metal Roof

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Propane

Listing and Financial Details

  • Assessor Parcel Number 281080260

Community Details

Overview

  • No Home Owners Association
  • 4Th Railroad Add Subdivision

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$938

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Association Amenities: Elevator(s)
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 900
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 35 x 28
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Partial
  • Appliances: Electric Water Heater, Fuel Tank - Rented, Microwave, Range, Refrigerator
  • Living Area: 900
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age 8 Years or Less, Metal
  • PoolFeatures: None
  • Fencing: None
  • Other Structures: Additional Garage
  • ConstructionMaterialsDesc: Block

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 330
  • ParkingOpen: 0
  • Garage Door Height: 6

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Electric: 100 Amp Service
  • Fuel: Propane
  • Power Company: Ottertail Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minneota
  • SchoolDistrictNumber: 414
  • SchoolDistrictPhone: 507-872-6532

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 165x50
  • Lot Size Sq Ft: 8232.84
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 281080260
  • Tax Annual Amount: 938
  • TaxWithAssessments: 938.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Jul 25, 2024
Sold by
Fox Scott
Bought by
Wixon Elaine Margaret
Seller's Agent
Jeffrey Carpenter
Edina Realty, Inc.
Buyer's Agent
Jeffrey Carpenter
Edina Realty, Inc.
List Price
$75,000
Sold Price
$78,000
Premium/Discount to List
$3,000
4%
Views
127
Current Estimated Value
$86,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,479
Avg. Annual Appreciation
7.09%
Original Mortgage
$62,400
Outstanding Balance
$61,705
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$22,861

Purchase Details

Closed on
Jul 16, 2016
Sold by
Butr Jason L and Bute Heather A
Bought by
Fox Scott

Purchase Details

Closed on
Jul 6, 2016
Sold by
Bute Jason Jason
Bought by
Fox Scott Scott

Purchase Details

Closed on
Jun 29, 2016
Sold by
Sanderson Leann and Kor Leann V
Bought by
Bute Jason L and Enter Heather 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
Wixon Elaine Margaret $78,000 None Listed On Document
Fox Scott $25,000 None Available
Fox Scott Scott $25,000 --
Bute Jason L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wixon Elaine Margaret $62,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $78,000 +4.0% $87 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $75,000 -3.8% $83 / Sq Ft
05/15/2024 05/15/24 Off Market $78,000 -- --
02/22/2024 02/22/24 For Sale $75,000 -- $83 / 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 $624 $76,700 $7,000 $69,700
2024 $920 $61,700 $7,000 $54,700
2023 $938 $63,000 $7,000 $56,000
2022 $856 $56,000 $7,000 $49,000
2021 $698 $43,300 $6,500 $36,800
2020 $644 $36,400 $6,500 $29,900
2019 $612 $33,900 $6,500 $27,400
2018 $654 $32,700 $6,500 $26,200
2017 $654 $31,700 $6,500 $25,200
2016 $842 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6489543

NorthstarMLS

APN: 28-108026-0