Seller's Agent in 2023
Bucky Beeman
Realty Growth Inc.
(507) 322-3828
2 in this area
120 Total Sales
510 7th St SW Rochester, MN 55902
Historic Southwest NeighborhoodEstimated Value: $404,000 - $588,000
5
Beds
4
Baths
2,940
Sq Ft
$181/Sq Ft
Est. Value
Highlights
- Front Porch
- Forced Air Heating System
- 2-minute walk to Field of Fun
- Folwell Elementary School Rated A-
About This Home
As of July 2023Welcome to this well-kept 4-plex, perfectly situated in a stellar location within walking distance to downtown and Saint Mary's. This property offers both convenience and potential for a lucrative investment
Each tenant will enjoy the convenience of a dedicated garage stall, providing secure parking and storage. The original oak hardwood flooring, in excellent shape, adds character and durability throughout a significant portion of the building.
Several units have undergone updates, including cabinets, baths, and flooring, enhancing the overall appeal and modernizing the living spaces. These improvements contribute to tenant satisfaction and rental demand.
The dual set coin-op laundry units serve as an additional income generator to the property's revenue stream.
Mechanical updates such as the furnace, air conditioning, and electrical systems have been modernized, ensuring efficiency and reliability.
Last Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,102
Year Built
- Built in 1920
Lot Details
- 8,276
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Metal Siding
Interior Spaces
- 2-Story Property
- Partially Finished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- Front Porch
- Lot Dimensions are 152x55
- Forced Air Heating System
Community Details
- 4 Units
- Head & Mcmahon Add Subdivision
Listing and Financial Details
- Tenant pays for all utilities, grounds care, snow removal
- The owner pays for insurance, repairs, taxes
- Assessor Parcel Number 640224009195
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2023
Closed on
Jul 26, 2023
Sold by
Js Management Llc
Bought by
Sexton Timothy
Seller's Agent
Bucky Beeman
Realty Growth Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$519,900
Sold Price
$550,000
Premium/Discount to List
$30,100
5.79%
Views
108
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,667
Avg. Annual Appreciation
-1.35%
Original Mortgage
$440,000
Outstanding Balance
$272,767
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$260,566
Purchase Details
Closed on
Jun 1, 2022
Sold by
Adamson Maria and Adamson Michael
Bought by
Js Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 8, 2019
Sold by
M & M Properties Of Rochester Llc
Bought by
Adamson Michael J and Adamson Maria
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sexton Timothy | $550,000 | Rochester Title | |
| Js Management Llc | $450,000 | -- | |
| Adamson Michael J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sexton Timothy | $440,000 | |
| Previous Owner | Js Management Llc | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2023 07/26/23 | Sold | $550,000 | +5.8% | $187 / Sq Ft |
| 07/20/2023 07/20/23 | For Sale | $519,900 | 0.0% | $177 / Sq Ft |
| 07/11/2023 07/11/23 | Pending | -- | -- | -- |
| 06/25/2023 06/25/23 | Price Changed | $519,900 | -5.5% | $177 / Sq Ft |
| 06/07/2023 06/07/23 | For Sale | $550,000 | -- | $187 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,782 | $381,100 | $81,000 | $300,100 |
| 2023 | $5,358 | $350,200 | $81,000 | $269,200 |
| 2022 | $3,102 | $299,300 | $54,000 | $245,300 |
| 2021 | $3,092 | $185,600 | $54,000 | $131,600 |
| 2020 | $3,228 | $185,100 | $45,200 | $139,900 |
| 2019 | $3,194 | $185,100 | $33,500 | $151,600 |
| 2018 | $2,932 | $184,500 | $33,500 | $151,000 |
| 2017 | $2,950 | $167,300 | $33,500 | $133,800 |
| 2016 | $3,090 | $167,300 | $33,500 | $133,800 |
| 2015 | $2,762 | $170,600 | $33,500 | $137,100 |
| 2014 | $2,732 | $160,500 | $33,500 | $127,000 |
| 2012 | -- | $160,500 | $33,500 | $127,000 |
Source: Public Records
Agents Affiliated with this Home
-
Bucky Beeman
-
Matt Gove
Seller Co-Listing Agent in 2023
Matt Gove
Realty Growth Inc.
(507) 951-1147
1 in this area
59 Total Sales
-
N
Buyer's Agent in 2023
NON-RMLS NON-RMLS
Non-MLS
Map
Source: NorthstarMLS
MLS Number: 6380775
APN: 64.02.24.009195
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