NOT LISTED FOR SALE

518 2nd St S Truman, MN 56088

Estimated Value: $214,000

3 Beds
2 Baths
3,626 Sq Ft
$59/Sq Ft Est. Value

Last Sold November 01, 2018

Last sale price $75,000 $21 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $1,415/month

533 Days on Market

About This Home

As of November 2018

This building formerly housed the St. Katherine Congregation in Truman. Built in 1955, it sits on a large 142x248 lot, has 3626 square feet of space, is located on Highway 15, and is in very good condition. There is a balcony which has several rooms and a kitchen. It has air conditioning, forced air heating, along with electric baseboard. This building has the potential to be utilized for a number of different things. If you are looking for room to start a business or expand a business, you will not find a better building for the price.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,732

Year Built

  • Built in 1955

Lot Details

  • 0.81

Home Design

  • 3,626 Sq Ft Home
  • Metal Roof
  • Stone Siding
  • Vinyl Siding

Kitchen

  • Range
  • Microwave

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 412650100

Property Details

Property Type

Other

Est. Annual Taxes

$2,732

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Type: Commercial
  • Cooling System: Central
  • Outside Features: Brick/Stone, Vinyl
  • Water Source: City Water/Connected
  • Fuel Type: Natural Gas
  • Current Use: Other
  • Year Built: 1955
  • Assessment Pending Y N: No
  • Total Search Sq Ft: 3626.00
  • Building Finished Area Units: Square Feet
  • Carport Y N: No
  • Inclusions Type: Building, Land
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 12860
  • Listing Organization: Iowa
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 412650100
  • Property Sub Type Additional: Other
  • Rental License: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Appliances: Microwave, Range, Refrigerator
  • Fireplace: No

Exterior Features

  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway - Gravel, Driveway - Other Surface

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected

Schools

  • School District: 458 - Truman
  • School District Phone: 507-776-2111

Lot Info

  • Waterfront YN: No
  • Assessment Pending: No
  • Homestead: No
  • Lot Size Area Units: Square Feet

Rental Info

  • Owner Pays: Electric, Fuel, Lawn, Maintenance/Repair, Snow, Trash, Water/Sewer

Tax Info

  • TaxLegalDescription: Graf's 4th Addn Block 002 Lots 16, 17, 18, 19 & 20
  • Tax Year: 2017
  • Assessor Parcel Number: 412650100

MLS Schools

  • School District Name: 458 - Truman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2017
Closed on
Oct 19, 2018
Sold by
Saint Katherine Catholic Church Of Truma
Bought by
Barrett John D
List Price
$75,000
Sold Price
$75,000
Total Days on Market
533
Current Estimated Value
$214,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,000
Avg. Annual Appreciation
12.77%
Original Mortgage
$60,000
Outstanding Balance
$40,187
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$123,813

Purchase Details

Closed on
Aug 20, 2007
Sold by
Saint Katherine Catholic Church Of Truma
Bought by
Summit Construction Llc

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
Barrett John D $75,000 None Available
Summit Construction Llc $6,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett John D $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2018 11/01/18 Sold $75,000 0.0% $21 / Sq Ft
09/11/2018 09/11/18 Pending -- -- --
03/27/2017 03/27/17 For Sale $75,000 -- $21 / 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 $2,732 $192,400 $14,600 $177,800
2023 $2,926 $175,400 $9,700 $165,700
2022 $4,126 $173,600 $9,700 $163,900
2021 $2,136 $153,600 $9,700 $143,900
2020 $2,268 $77,700 $2,400 $75,300
2019 $2,268 $74,600 $2,400 $72,200
2018 $0 $202,700 $2,400 $200,300
2017 $69 $0 $0 $0
2016 $69 $0 $0 $0
2015 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Map

Source: NorthstarMLS

MLS Number: NST5152818

NorthstarMLS

APN: 412650100