NOT LISTED FOR SALE

513 7th St Farmington, MN 55024

Estimated Value: $189,000 - $239,000

2 Beds
1 Bath
1,024 Sq Ft
$207/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $180,000 $176 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,293/month

55 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Living Room
  • Dining Room

About This Home

As of February 2024

Cute, cozy and affordable! This two bedroom home has curb appeal, nice size living room, new flooring throughout and a nice size two car garage! Call today for a showing!

Last Agent to Sell the Property

Eric Ruud

Top Notch Properties & Realty Services Listed on: 12/01/2023

Last Buyer's Agent

Eric Ruud

Top Notch Properties & Realty Services Listed on: 12/01/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,038

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 60x85x60x85
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,024 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 141370101070

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,038

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 1024
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Appliances: Range
  • Living Area: 1024
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 528

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Association/Amenities

  • HOA Management Co: 0

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Farmington
  • SchoolDistrictNumber: 192
  • SchoolDistrictPhone: 651-463-5000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 60x85x60x85
  • Lot Size Sq Ft: 5227.2
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 141370101070
  • Tax Annual Amount: 2038
  • TaxWithAssessments: 2038.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Feb 9, 2024
Sold by
Nicolai David and Nicolai Michelle
Bought by
Karlsen Erik and Karlsen Deborah
Seller's Agent
Eric Ruud
Top Notch Properties & Realty Services
Buyer's Agent
Eric Ruud
Top Notch Properties & Realty Services
List Price
$209,900
Sold Price
$180,000
Premium/Discount to List
-$29,900
-14.24%
Views
363
Current Estimated Value
$211,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,633
Avg. Annual Appreciation
9.99%
Original Mortgage
$175,000
Outstanding Balance
$171,907
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$39,726

Purchase Details

Closed on
Mar 25, 2004
Sold by
Aarestad Christopher J and Aarested Heidi K
Bought by
Shoen Jennifer

Purchase Details

Closed on
May 29, 2001
Sold by
Fettig Ronald E and Fettig Valerie Jo
Bought by
Aarestad Christopher J

Purchase Details

Closed on
Mar 11, 1999
Sold by
Polyak Robert D
Bought by
Fettig Valerie J
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
Karlsen Erik $180,000 --
Shoen Jennifer $153,000 --
Aarestad Christopher J $111,200 --
Fettig Valerie J $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karlsen Erik $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $180,000 0.0% $176 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
01/24/2024 01/24/24 Off Market $180,000 -- --
01/02/2024 01/02/24 Price Changed $199,900 -4.8% $195 / Sq Ft
12/01/2023 12/01/23 For Sale $209,900 +208.7% $205 / Sq Ft
02/13/2012 02/13/12 Sold $68,000 -4.2% $82 / Sq Ft View Prior Sale
01/12/2012 01/12/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $71,000 -- $85 / 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
2024 $2,084 $169,500 $41,400 $128,100
2023 $2,084 $171,200 $41,500 $129,700
2022 $2,574 $168,000 $41,400 $126,600
2021 $1,996 $151,700 $36,000 $115,700
2020 $2,004 $138,700 $36,600 $102,100
2019 $1,712 $120,600 $34,900 $85,700
2018 $1,727 $111,800 $33,200 $78,600
2017 $1,718 $109,100 $31,600 $77,500
2016 $1,598 $105,300 $30,100 $75,200
2015 $1,399 $95,000 $29,100 $65,900
2014 -- $87,500 $27,100 $60,400
2013 -- $79,500 $24,400 $55,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6463897

NorthstarMLS

APN: 14-13701-01-070