NOT LISTED FOR SALE

508 7th St NE Red Lake Falls, MN 56750

Estimated Value: $175,000 - $181,000

3 Beds
2 Baths
1,800 Sq Ft
$99/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $170,000 $94 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,197/month

1 Day on Market

Highlights

  • Corner Lot
  • Living Room
  • Dining Room
  • No HOA
  • Forced Air Heating System
  • Family Room

About This Home

As of July 2023

Well kept, 3 bedroom, 2 bath house on a gorgeous corner lot in Red Lake Falls. Basement has great potential for adding an egress window and adding value! Detached garage has plenty of room for storage as well as the shed behind it. New concrete poured for the patio makes for an awesome gathering space or fabulous relaxing space - whichever you prefer.

Last Agent to Sell the Property

Angie Westling

Hometown Realty Listed on: 05/16/2023

Last Buyer's Agent

Angie Westling

Hometown Realty Listed on: 05/16/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,662

Year Built

  • Built in 1940

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions are 200x140
  • Corner Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 1.5-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Sump Pump

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Propane

Community Details

  • No Home Owners Association
  • Rlf Kretz Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 173125000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,662

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Heat Pump
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1358
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 26x34, 4x8
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete, Partially Finished, Sump Pump
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 1800
  • Fireplace: No
  • Below Grade Finished Sq Ft: 442
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Dining Room, Bathroom, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Family Room
  • SqFtTotal: 2274.00

Beds/Baths

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

Exterior Features

  • Roof: Asphalt
  • Other Structures: Additional Garage, Storage Shed
  • ConstructionMaterialsDesc: Concrete
  • PatioPorchType: Composite Decking,Patio

Garage/Parking

  • Parking Features: Detached, Concrete
  • Garage Square Feet: 312

Utilities

  • Heating: Forced Air, Heat Pump
  • Sewer: City Sewer/Connected
  • Fuel: Propane
  • Power Company: Ottertail Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Red Lake Falls
  • SchoolDistrictNumber: 630
  • SchoolDistrictPhone: 218-253-2139

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 200x140
  • Lot Size Sq Ft: 27965.52
  • Land Lease: No
  • Lot Features: Corner Lot
  • 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: 2023
  • Assessor Parcel Number: 173125000
  • Tax Annual Amount: 2662
  • TaxWithAssessments: 2662.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Jul 14, 2023
Sold by
Sorensen David and Sorensen Carol
Bought by
Boutain Zachary and Klipping Jaden
Seller's Agent
Angie Westling
Hometown Realty
Buyer's Agent
Angie Westling
Hometown Realty
List Price
$170,000
Sold Price
$170,000
Views
23
Current Estimated Value
$178,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,891
Avg. Annual Appreciation
2.31%
Original Mortgage
$164,900
Outstanding Balance
$160,966
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$17,925
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
Boutain Zachary $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boutain Zachary $164,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $170,000 0.0% $94 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $170,000 -- $94 / 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 $2,924 $159,800 $28,000 $131,800
2024 $2,924 $159,800 $28,000 $131,800
2023 $2,662 $159,800 $28,000 $131,800
2022 $2,386 $132,600 $22,400 $110,200
2021 $2,130 $102,200 $22,400 $79,800
2020 $2,150 $94,400 $14,600 $79,800
2019 $1,826 $94,400 $14,600 $79,800
2018 $1,758 $89,700 $14,600 $75,100
2017 $1,844 $89,700 $0 $0
2016 $1,806 $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: 6370878

NorthstarMLS

APN: 17-3125-000