NOT LISTED FOR SALE

505 S Section Ave Spring Valley, MN 55975

Estimated Value: $130,000 - $165,000

2 Beds
1 Bath
1,608 Sq Ft
$88/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $120,000 $75 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $826/month

78 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • Property is Fully Fenced

About This Home

As of July 2023

This cozy two bedroom, one bathroom house is the perfect spot for your family. Updates include: Flooring throughout the main level, freshly painted walls, new lighting, new oven and washing machine, new metal roof in spring of 2022, new blinds on all windows, repaired vinyl fence in backyard & Numerous outlets updated with usb ports. Two stall detached garage provides plenty of storage. Come see this great property today!

Last Agent to Sell the Property

Nicholas Schmitz

Land Resource Mgmt & Rlty Inc. Listed on: 03/12/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1876

Lot Details

  • 7,579 Sq Ft Lot
  • Lot Dimensions are 66' x 131'
  • Property is Fully Fenced
  • Vinyl Fence

Parking

  • 2 Car Garage

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,608 Sq Ft Home
  • 1.5-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Stone or Rock in Basement
  • Natural lighting in basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Boiler Heating System
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Companys Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 360498000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,092

Year Built

Built in 1876

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1876
  • Above Grade Finished Sq Ft: 1608
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Partial, Stone/Rock, Unfinished
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 1608
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Metal
  • PoolFeatures: None
  • Fencing: Full, Vinyl
  • Other Structures: Additional Garage
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Front Porch

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Porch

Schools

  • Junior High Dist: Kingsland
  • SchoolDistrictPhone: 507-346-7276

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 66' x 131'
  • Lot Size Sq Ft: 7579.44
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 360498000
  • Tax Annual Amount: 1092
  • TaxWithAssessments: 1092.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2023
Closed on
Jul 5, 2023
Sold by
Weber Jeremy
Bought by
Gagle Mary and Gagle Joseph
Seller's Agent
Nicholas Schmitz
Land Resource Mgmt & Rlty Inc.
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Views
251
Current Estimated Value
$141,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,958
Avg. Annual Appreciation
6.84%
Original Mortgage
$90,000
Outstanding Balance
$87,764
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$54,194

Purchase Details

Closed on
Jan 21, 2022
Sold by
Kunene Calvin and Kunene Brenda
Bought by
Weber Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 12, 2012
Closed on
Jul 26, 2012
Sold by
Fenske Joshua P and Fenske Jessica A
Bought by
Kunene Brenda E
Seller's Agent
Julie Treutel
Spring Valley Town & Country
Buyer's Agent
Kevin Grabau
Coldwell Banker Burnet
List Price
$69,900
Sold Price
$67,000
Premium/Discount to List
-$2,900
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$70,408
Interest Rate
3.65%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Gagle Mary $120,000 --
Weber Jeremy $120,000 --
Kunene Brenda E $69,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gagle Mary $90,000
Previous Owner Weber Jeremy $119,000
Previous Owner Kunene Brenda E $70,408
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2023 07/05/23 Sold $120,000 -4.0% $75 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/24/2023 05/24/23 Price Changed $125,000 -3.8% $78 / Sq Ft
04/20/2023 04/20/23 Price Changed $130,000 -3.7% $81 / Sq Ft
04/03/2023 04/03/23 Price Changed $135,000 -3.5% $84 / Sq Ft
03/21/2023 03/21/23 For Sale $139,900 +108.8% $87 / Sq Ft
08/01/2012 08/01/12 Sold $67,000 -4.1% $42 / Sq Ft View Prior Sale
06/19/2012 06/19/12 Pending -- -- --
05/12/2012 05/12/12 For Sale $69,900 -- $43 / 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 $1,090 $104,800 $19,900 $84,900
2024 $1,090 $94,200 $19,900 $74,300
2023 $964 $94,200 $19,900 $74,300
2022 $964 $90,700 $19,900 $70,800
2021 $964 $79,100 $13,300 $65,800
2020 $956 $79,100 $13,300 $65,800
2019 $788 $71,500 $13,300 $58,200
2018 $676 $71,500 $13,300 $58,200
2017 -- $63,300 $13,300 $50,000
2016 $622 $62,100 $13,300 $48,800
2015 $674 $35,800 $7,989 $27,811
2014 $674 $38,000 $7,984 $30,016
2013 $674 $38,600 $7,984 $30,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6342082

NorthstarMLS

APN: 36.0498.000