NOT LISTED FOR SALE

509 3rd St NW Faribault, MN 55021

Estimated Value: $204,000 - $264,000

4 Beds
2 Baths
2,289 Sq Ft
$102/Sq Ft Est. Value

Last Sold May 01, 2014

Last sale price $90,000 $39 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $1,434/month

379 Days on Market

About This Home

As of May 2014

Spacious duplex. Great investment opportunity! Many updates. 3 stall garage.

Last Agent to Sell the Property

Mark Erickson

Edina Realty, Inc. Listed on: 03/14/2013

Co-Listed By

Barbara Erickson

Edina Realty, Inc.

Last Buyer's Agent

Mark Erickson

Edina Realty, Inc. Listed on: 03/14/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,260

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 60x165

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,289 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,260

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Assessments: Unknown
  • Construction: Previously Owned
  • Projected Closed Date: 05/15/2014
  • Taxes With Assessments: 1260
  • Estimated Number of Acres: 0.23
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2289
  • Total Fin Square Footage: 2289

Garage/Parking

  • Number Garage Spaces: 3

Utilities

  • Heat: Forced Air

Schools

  • School District: Faribault #656

Lot Info

  • Estimated Lot Dimensions: 60x165

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2014
  • Tax Value: 1260

MLS Schools

  • School District: Faribault #656

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2024
Sold by
Anderson Jason and Anderson Dineen
Bought by
Chavis Jeremy
Current Estimated Value
$233,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Outstanding Balance
$137,006
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$96,540

Purchase Details

Closed on
Jun 28, 2002
Sold by
Johnson Leroy A and Johnson Marcia M
Bought by
Green Jerry A and Green Jeanne A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chavis Jeremy $185,000 --
Green Jerry A $95,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavis Jeremy $138,750
Closed Green Jerry A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2014 05/01/14 Sold $90,000 -26.8% $39 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/14/2013 03/14/13 For Sale $123,000 -- $54 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,352 $222,100 $51,500 $170,600
2024 $2,352 $194,600 $48,400 $146,200
2023 $2,278 $194,600 $48,400 $146,200
2022 $2,088 $185,500 $48,400 $137,100
2021 $1,926 $158,300 $39,000 $119,300
2020 $1,834 $145,000 $37,400 $107,600
2019 $1,424 $140,600 $37,400 $103,200
2018 $1,282 $129,100 $34,300 $94,800
2017 $1,346 $116,700 $31,200 $85,500
2016 $1,284 $118,100 $31,200 $86,900
2015 $1,254 $111,900 $25,000 $86,900
2014 -- $114,000 $31,200 $82,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4449719

REALTOR® Association of Southern Minnesota

APN: 18.31.1.26.395