NOT LISTED FOR SALE

531 2nd Ave NW Forest Lake, MN 55025

Estimated Value: $344,000 - $355,000

3 Beds
2 Baths
1,820 Sq Ft
$193/Sq Ft Est. Value

Last Sold March 30, 2015

Last sale price $175,000 $96 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $2,211/month

86 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Skylights
  • Vaulted Ceiling
  • Breakfast Area or Nook
  • 3-minute walk to Cedar Park

About This Home

As of March 2015

Special Financing Available! Could be Duplex layout. Beautiful corner lot. Home has New Carpet,Vinyl flooring,Freshly painted, Furnace, Roof and bathrooms. Large 2 car attached garage plus Huge shed, close to walking paths, schools, and all conveniences.

Last Agent to Sell the Property

Todd Lewandowski

Red Key Realty Listed on: 12/02/2014

Last Buyer's Agent

Steven Rall

Keller Williams Preferred Rlty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,319

Year Built

  • Built in 1985

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 110x101
  • Corner Lot
  • Landscaped with Trees

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Combination Kitchen and Dining Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drain

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 0803221210022

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,319

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Ceiling Fans, Garage Door Opener, Skylight, Vaulted Ceilings
  • Amenities Exterior: Deck, Driveway - Concrete
  • Estimated Number of Acres: 0.29
  • Construction: Previously Owned
  • Foundation Size: 980
  • Mechanicals: Water Softener-Owned
  • Parcel Number: 0803221210022
  • Stories: 2 Story
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Breakfast Nook, Combine with Kitchen, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 18x13, On Level: Main
  • Room 2: Dining Room, 13x09, On Level: Main
  • Room 3: Family Room, 17x13, On Level: Lower
  • Room 4: Kitchen, 10x08, On Level: Main
  • Room 5: Bedroom, 13x11, On Level: Main
  • Room 6: Bedroom, 12x10, On Level: Main
  • Room 7: 11x09, On Level: Lower
  • Room 9: Rec Room, 18x14, On Level: Lower
  • Room 10: Deck, 31x08, On Level: Main
  • Basement Features: Drainage System, Finished, Walkout
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 980
  • Below Grade Finished Sq Ft: 840
  • Total Fin Square Footage: 1820

Exterior Features

  • Frontage Road: City, Paved
  • Exterior: Wood
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 110x101
  • Lot/Land Description: Corner Lot, Tree Coverage - Medium

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2014
  • Tax Value: 2319

MLS Schools

  • School District: Forest Lake #831

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2014
Closed on
Mar 30, 2015
Sold by
Korosec Debra Lynn and Korosec Stephen
Bought by
Wright Jeffery
Seller's Agent
Todd Lewandowski
Red Key Realty
Buyer's Agent
Steven Rall
Keller Williams Preferred Rlty
List Price
$174,900
Sold Price
$175,000
Premium/Discount to List
$100
0.06%
Current Estimated Value
$350,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,534
Avg. Annual Appreciation
6.78%
Original Mortgage
$7,500
Outstanding Balance
$5,772
Interest Rate
3.73%
Mortgage Type
Negative Amortization
Estimated Equity
$344,762

Purchase Details

Closed on
Apr 23, 2014
Sold by
Korosec Debra Lynn and Korose Stephen
Bought by
Korosec Debra Lynn
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
Wright Jeffery $175,000 Titlesmart Inc
Korosec Debra Lynn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Jeffery $7,500
Open Wright Jeffery $171,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2015 03/30/15 Sold $175,000 +0.1% $96 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
12/02/2014 12/02/14 For Sale $174,900 -- $96 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $4,398 $330,500 $85,000 $245,500
2023 $4,398 $306,500 $84,000 $222,500
2022 $3,552 $307,000 $81,000 $226,000
2021 $3,360 $238,900 $63,000 $175,900
2020 $3,656 $232,000 $63,000 $169,000
2019 $3,522 $234,300 $63,000 $171,300
2018 $3,110 $222,200 $58,000 $164,200
2017 $2,842 $206,600 $53,000 $153,600
2016 $2,304 $193,400 $42,000 $151,400
2015 -- $196,900 $42,000 $154,900
2013 -- $184,700 $40,300 $144,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Todd Lewandowski

    Red Key Realty

  • S

    Buyer's Agent in 2015

    Steven Rall

    Keller Williams Preferred Rlty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4700443

REALTOR® Association of Southern Minnesota

APN: 08-032-21-21-0022

Minnesota Washington County Forest Lake 55025

531 2nd Ave NW, Forest Lake, MN

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