NOT LISTED FOR SALE

506 E Main St Owatonna, MN 55060

Estimated Value: $144,000 - $232,000

3 Beds
2 Baths
1,461 Sq Ft
$126/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $125,000 $86 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,142/month

1 Day on Market

Highlights

  • No HOA
  • Living Room
  • Many Trees
  • The kitchen features windows
  • Forced Air Heating System

About This Home

As of February 2023

Not gonna lie, this one needs a lot of work…but there is so much opportunity to build equity, and quickly. Check out the possibilities! With some imagination and hard work, you could transform this home into something special and potentially make some money in the process. The home currently has 3 bedrooms and 2 baths, and as you’ll see, there’s a fair amount of square footage to work with. Talk to us about some of the ideas we’ve had regarding layout, upgrades and more. Schedule your private showing today!

Last Agent to Sell the Property

Matt Gillard

RE/MAX Venture Listed on: 02/02/2023

RE/MAX Venture

Co-Listed By

Benjamin Gillard

RE/MAX Venture

Last Buyer's Agent

Dan Nechville

eXp Realty

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,524

Year Built

  • Built in 1890

Lot Details

  • 8,146 Sq Ft Lot
  • Lot Dimensions are 165 x 50
  • Many Trees

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,461 Sq Ft Home
  • 1.5-Story Property
  • Living Room

Kitchen

  • Range
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • No Cooling
  • Forced Air Heating System
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 170102314

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,524

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 1461
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Full
  • Appliances: Dryer, Gas Water Heater, Range, Washer
  • Living Area: 1461
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bedroom 3

Beds/Baths

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

Exterior Features

  • Roof: Asphalt
  • Other Structures: Additional Garage, Storage Shed
  • ConstructionMaterialsDesc: Block

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 527

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Other

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Kitchen Window,Washer/Dryer Hookup

Schools

  • Junior High Dist: Owatonna
  • SchoolDistrictNumber: 761
  • SchoolDistrictPhone: 507-444-8610

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 165 x 50
  • Lot Size Sq Ft: 8145.72
  • Land Lease: No
  • Lot Features: Many Trees
  • 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: 170102314
  • Tax Annual Amount: 1524
  • TaxWithAssessments: 1524.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Feb 17, 2023
Sold by
Bauer Kenneth
Bought by
Martin Family Llc
Seller's Agent
Matt Gillard
RE/MAX Venture
Buyer's Agent
Dan Nechville
eXp Realty
List Price
$106,700
Sold Price
$125,000
Premium/Discount to List
$18,300
17.15%
Views
8
Current Estimated Value
$183,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,638
Avg. Annual Appreciation
15.43%
Original Mortgage
$125,000
Outstanding Balance
$121,183
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$62,455
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
Martin Family Llc $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Family Llc $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $125,000 +17.2% $86 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $106,700 -- $73 / 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 $2,058 $144,600 $25,500 $119,100
2024 $1,360 $134,800 $21,000 $113,800
2023 $1,348 $110,400 $20,700 $89,700
2022 $1,524 $106,700 $19,700 $87,000
2021 $1,404 $107,114 $18,032 $89,082
2020 $1,400 $99,862 $18,032 $81,830
2019 $1,054 $96,432 $18,032 $78,400
2018 $1,178 $82,418 $15,484 $66,934
2017 $1,070 $88,886 $11,858 $77,028
2016 $1,238 $83,398 $11,858 $71,540
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: 6329419

NorthstarMLS

APN: 17-010-2314