NOT LISTED FOR SALE

521 3rd Ave SW Cambridge, MN 55008

Estimated Value: $290,000 - $304,000

5 Beds
3 Baths
2,669 Sq Ft
$111/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $259,900 $97 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,969/month

17 Days on Market

Highlights

  • Forced Air Heating System
  • Coin Laundry
  • 4-minute walk to Cambridge city park
  • Baseboard Heating

About This Home

As of October 2021

Attention Investors! Well maintained triplex within walking distance to downtown Cambridge with plenty of shopping and restaurant options. The property sits close to the city park, hospital and schools. Three updated units consisting of: 1BR/1BA, 2BR/1BA, 2BR/1BA, common area coin operated laundry, forced air heat with central A/C in units 1 and 2, aluminum siding, paved private parking area, and the units are fully leased with quality tenants. 48 hour notice required for showings.

Last Listed By

Spencer Sage

Century 21 Moline Realty Inc Listed on: 09/10/2021

Century 21 Moline Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,766

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 70x142
  • Few Trees

Home Design

  • Triplex
  • Pitched Roof

Interior Spaces

  • 1.5-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Shared Basement

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 150480350

Community Details

Overview

  • 3 Units
  • Congers Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,766

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1954
  • Water Sewer Expenses: 1164
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Owner Access, Shared Access, Walkout
  • Living Area: 2669
  • Fireplace: No
  • Below Grade Finished Sq Ft: 715
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Amenities: Patio
  • Appliances: Range
  • Total Rooms: 4
  • Amenities: Patio,Tile Floors
  • Appliances: Range
  • Total Rooms: 5
  • Amenities: Walk-In Closet
  • Appliances: Range
  • Total Rooms: 3

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched

Garage/Parking

  • Parking Features: Asphalt, Paved
  • Garage Square Feet: 0

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Cambridge-Isanti
  • SchoolDistrictNumber: 911
  • SchoolDistrictPhone: 763-689-6188

Lot Info

  • Lot Size: 70x142
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 3

Rental Info

  • Expenses: 8142.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 150480350
  • Tax Annual Amount: 2766
  • TaxWithAssessments: 2766.0000

Multi Family

  • TenantPays: Electricity, Fuel
  • ElectricExpense: 684
  • FuelExpense: 396
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2016
Closed on
May 5, 2016
Sold by
Solinger Fred Fred
Bought by
Nesbitt Theresa Theresa
Seller's Agent
Sara Hughes
Chopp Realty Services
List Price
$137,777
Sold Price
$135,000
Premium/Discount to List
-$2,777
-2.02%
Total Days on Market
17
Current Estimated Value
$295,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,802
Avg. Annual Appreciation
9.09%
Original Mortgage
$101
Outstanding Balance
$65
Interest Rate
3.59%
Mortgage Type
Commercial
Estimated Equity
$295,737

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
Nesbitt Theresa Theresa $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nesbitt Charles $101
Open Nesbitt Theresa Theresa $101,250
Previous Owner Solinger Frederick $147,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $259,900 0.0% $97 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $259,900 +92.5% $97 / Sq Ft
05/09/2016 05/09/16 Sold $135,000 -2.0% $69 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $137,777 -- $71 / 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 $3,944 $270,600 $17,400 $253,200
2023 $3,292 $270,600 $17,400 $253,200
2022 $2,802 $214,400 $17,400 $197,000
2021 $2,766 $157,800 $17,400 $140,400
2020 $2,898 $155,400 $17,400 $138,000
2019 $2,782 $161,400 $0 $0
2018 $2,818 $145,700 $0 $0
2016 $3,098 $0 $0 $0
2015 $3,284 $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6099360

NorthstarMLS

APN: 15.048.0350