Seller's Agent in 2023
Robin Gwaltney
RE/MAX
(507) 259-4926
16 in this area
1,129 Total Sales
518 7th Ave SW Rochester, MN 55902
Historic Southwest NeighborhoodEstimated Value: $325,000 - $395,792
3
Beds
1.5
Baths
1,435
Sq Ft
$256/Sq Ft
Est. Value
Highlights
- No HOA
- The kitchen features windows
- Property is Fully Fenced
- Folwell Elementary School Rated A-
- Forced Air Heating and Cooling System
About This Home
As of November 2023Discover the allure of this 3 bed 2 bath two-story, located in the heart of Historic Southwest. Situated near Saint Mary's campus, this charming abode offers effortless access to grocery stores, dining establishments, and all the downtown's vibrant amenities. This home is a showcase of timeless architectural details, seamlessly blended with modern updates in the kitchen and bathrooms. A brand new water heater and garbage disposal enhance the functionality of this gem. On the upper level, you'll find a bathroom featuring a clawfoot tub with a new faucet, along with all three bedrooms. One of the bedrooms has its own freshly stained enclosed seasonal porch, providing a perfect space for relaxation. The exterior offers a fenced-in yard, offering both privacy and security, complemented by newly stained exterior doors and deck. Please note that this home is pre-inspected and is being sold "as-is," allowing you the opportunity to put your own personal touch on this remarkable property.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,804
Year Built
- Built in 1915
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 52x91
- Property is Fully Fenced
- Privacy Fence
Parking
- 1 Car Garage
Interior Spaces
- 1,435 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Folwell Elementary School
- John Adams Middle School
- Mayo High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Head & Mcmahon Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 640224009571
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2022
Closed on
Nov 9, 2023
Sold by
Krebsbach Thomas J
Bought by
Kbt Development Llc
Seller's Agent
Robin Gwaltney
Re/Max Results
Buyer's Agent
Robin Gwaltney
Re/Max Results
List Price
$375,000
Sold Price
$300,000
Premium/Discount to List
-$75,000
-20%
Views
500
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
$66,698
Avg. Annual Appreciation
11.22%
Original Mortgage
$240,000
Outstanding Balance
$234,139
Interest Rate
7.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$132,240
Purchase Details
Closed on
Feb 7, 2023
Sold by
Tk Rochester Rental 518 Llc
Bought by
Krebsbach Thomas Jay
Purchase Details
Closed on
Mar 29, 2018
Sold by
Krebsbach Tammie and Krebsbach Thomas J
Bought by
Tk Rochester Rental 518 Llc
Purchase Details
Closed on
Jun 28, 2017
Sold by
Ferrari Adam M and Ferrari Starr V
Bought by
Krebsbach Tammie
Purchase Details
Closed on
Mar 6, 2007
Sold by
Wetmore Cynthia J and Wettmore Cynthia J
Bought by
Ferrari Adam M and Ferrari Starr V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
6.4%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Kbt Development Llc | $300,000 | Results Title | |
| Krebsbach Thomas Jay | -- | None Listed On Document | |
| Tk Rochester Rental 518 Llc | -- | None Available | |
| Krebsbach Tammie | $280,000 | None Available | |
| Ferrari Adam M | $194,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kbt Development Llc | $240,000 | |
| Previous Owner | Ferrari Adam M | $155,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2023 11/13/23 | Sold | $300,000 | -3.2% | $209 / Sq Ft |
| 10/16/2023 10/16/23 | Pending | -- | -- | -- |
| 10/06/2023 10/06/23 | Price Changed | $309,900 | -11.4% | $216 / Sq Ft |
| 04/19/2023 04/19/23 | Price Changed | $349,900 | -6.7% | $244 / Sq Ft |
| 11/07/2022 11/07/22 | For Sale | $375,000 | -- | $261 / 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 | $5,018 | $354,400 | $100,000 | $254,400 |
| 2023 | $4,246 | $337,200 | $60,000 | $277,200 |
| 2022 | $3,804 | $313,400 | $60,000 | $253,400 |
| 2021 | $3,494 | $276,500 | $60,000 | $216,500 |
| 2020 | $3,466 | $253,600 | $60,000 | $193,600 |
| 2019 | $3,136 | $241,300 | $60,000 | $181,300 |
| 2018 | $2,226 | $219,500 | $60,000 | $159,500 |
| 2017 | $2,136 | $178,800 | $40,000 | $138,800 |
| 2016 | $1,950 | $142,800 | $34,600 | $108,200 |
| 2015 | $1,774 | $127,300 | $16,900 | $110,400 |
| 2014 | $1,790 | $124,000 | $16,800 | $107,200 |
| 2012 | -- | $128,400 | $16,895 | $111,505 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Gwaltney
Map
Source: NorthstarMLS
MLS Number: 6305634
APN: 64.02.24.009571
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