NOT LISTED FOR SALE

506 Franklin Ave Waverly, MN 55390

Estimated Value: $466,000 - $609,145

3 Beds
2 Baths
1,928 Sq Ft
$287/Sq Ft Est. Value

Sale Details

Date Sold: September 6, 2024

Last sale price $615,000 $319 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,509 / mo

6 Days on Market

Highlights

  • 86 Feet of Waterfront
  • Beach Access
  • No HOA
  • Docks
  • Lake View
  • 3-minute walk to Waverly Waterfront Park

About This Home

As of September 2024

Very rare opportunity to own a home on Waverly Lake! This beautiful home offers gorgeous North views of the lake from almost all rooms of the house and 86ft of shoreline! Enjoy the peace and quiet from your brand new 40x16 deck or patio or take it all in from the gazebo. This home offers a huge kitchen remodel, new roof on the house and gazebo, new siding, almost all new windows, two bathroom remodels and all new flooring throughout the house! You'll love the tandem garage to store your boat or lake toys and the convenience of Hwy 12 just a few blocks away for an easy commute.

Last Agent to Sell the Property

Amber Simon

eXp Realty Brokerage Phone: 612-710-0834 Listed on: 07/03/2024

eXp Realty

Last Buyer's Agent

Katie Gagnon

Kg Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,894

Year Built

  • Built in 1963

Lot Details

  • 26,964 Sq Ft Lot
  • Lot Dimensions are 285x86x312x77
  • 86 Feet of Waterfront
  • Lake Front
  • Irregular Lot

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Tuck Under Garage
  • Tandem Parking
  • Garage Door Opener

Home Design

  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Lake Views

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Outdoor Features

  • Beach Access
  • Docks
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Lakeland Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 116012000030

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,894

Year Built

Built in 1963

Lot Details

0.62 Acres

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1963
  • Above Grade Finished Sq Ft: 1352
  • Water Body Name: Waverly
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-710-0834
  • Attribution Contact: 612-710-0834
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Egress Window(s), Finished, Full, Walkout
  • Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned, Wine Cooler
  • Fireplace Features: Brick, Wood Burning
  • Living Area: 1928
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 576
  • Basement YN: Yes
  • Dining Room Type: Bedroom 1, Bedroom 2, Bedroom 3, Living Room, Family Room, Dining Room, Kitchen, Patio

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: None
  • View: Lake
  • Other Structures: Gazebo
  • ConstructionMaterialsDesc: Block,Concrete
  • PatioPorchType: Deck,Patio
  • Lake Bottom: Gravel,Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 86

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Garage Door Opener, Heated Garage, Tandem, Tuckunder Garage

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Patio,Wet Bar

Schools

  • Junior High Dist: Howard Lake-Waverly-Winsted
  • SchoolDistrictPhone: 320-543-3521

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 285x86x312x77
  • Lot Size Sq Ft: 26963.64
  • Land Lease: No
  • Lot Features: Accessible Shoreline, 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: 116012000030
  • Tax Annual Amount: 5894
  • TaxWithAssessments: 5894.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Sep 6, 2024
Sold by
Ness Thad and Ness Ann
Bought by
Hammer Elizabeth and Hammer Thomas
Seller's Agent
Amber Simon
eXp Realty
Buyer's Agent
Katie Gagnon
Kg Realty
List Price
$549,900
Sold Price
$615,000
Premium/Discount to List
$65,100
11.84%
Views
15
Current Estimated Value
$559,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,370
Avg. Annual Appreciation
-5.82%
Original Mortgage
$605,000
Outstanding Balance
$598,589
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
-$44,553

Purchase Details

Closed on
May 28, 2020
Sold by
Ness Thad K
Bought by
Ness Thad K and Ness Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Hammer Elizabeth $615,000 --
Ness Thad K -- Servicelink
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Hammer Elizabeth $605,000
Previous Owner Ness Thad K $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/06/2024 09/06/24 Sold $615,000 +11.8% $319 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $549,900 +139.1% $285 / Sq Ft
08/11/2014 08/11/14 Sold $230,000 -4.1% $121 / Sq Ft View Prior Sale
06/17/2014 06/17/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $239,900 -- $127 / Sq Ft
Source: NorthstarMLS

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 $5,684 $472,400 $312,500 $159,900
2024 $5,870 $468,600 $312,500 $156,100
2023 $5,886 $493,100 $333,700 $159,400
2022 $5,350 $481,100 $333,700 $147,400
2021 $5,072 $360,800 $224,800 $136,000
2020 $4,448 $329,200 $199,100 $130,100
2019 $4,222 $282,100 $0 $0
2018 $3,540 $248,600 $0 $0
2017 $3,580 $199,100 $0 $0
2016 $3,898 $0 $0 $0
2015 $3,848 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6562461

NorthstarMLS

APN: 116-012-000030

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