$90,000
SOLD MAY 31, 2024

545 3rd St Frost, MN 56033

3 Beds
3 Baths
1,886 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

31% Below List Price

80 Days on Market

Highlights

  • Detached Garage
  • Patio
  • Baseboard Heating
  • Eat-In Kitchen

About This Home

As of May 2024

Triplex property that has been meticulously well maintained! The main level apartment features a large living room, enclosed porch/mudroom, dining area with a spacious kitchen, full bath, office area and one bedroom The second apartment is upstairs and has a very large living room, bedroom, eat in kitchen, and 3/4 bath. The third apartment is located in the basement and is fully furnished. Also located in the basement is a coin operated washer and dryer for all tenants. The back yard is a common use area for all tenants with a great place to relax with a patio and pergola, and fireplace. The property also includes a detached double garage. All appliances are included. Great investment opportunity, call for your appointment today!

Last Agent to Sell the Property

LAURIE OELKE

OLSON NELSON REALTY

Last Buyer's Agent

LAURIE OELKE

OLSON NELSON REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $804

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 170x50

Home Design

  • Triplex
  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,886 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Parking

  • Detached Garage
  • Gravel Driveway

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Powered By Leased Propane
  • Gas Water Heater
  • Fuel Tank

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for electric, fuel, lawn, maint/repair, snow, water/sewer
  • Assessor Parcel Number 260023400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$804

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Style: Triplex
  • Construction: Previously Owned
  • Foundation Size: 891
  • L V T Date: 02/06/2024
  • Mechanicals: Fuel Tank - Rented, Water Heater - Gas, Water Softener-None
  • Parcel Number: 260023400
  • Price Per Square Foot: 31.24
  • Stories: 2 Story
  • Taxes With Assessments: 804
  • Estimated Number of Acres: 0.2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Basement Features: Egress Windows
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1886
  • Total Square Footage: 2881
  • Below Grade Finished Sq Ft: 995

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Metal
  • Exterior Amenities: Driveway - Gravel, Patio

Garage/Parking

  • Garage Type: Detached

Utilities

  • Fuel: Propane - Tank Rented
  • Heat: Baseboard, Hot Water
  • Sewer: City
  • Water: City

Schools

  • School District: Blue Earth Area #2860

Lot Info

  • Estimated Lot Dimensions: 170x50

Rental Info

  • Owner Expense: Electric, Fuel, Lawn, Maint/Repair, Snow, Water/Sewer

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2024
  • Tax Value: 804

MLS Schools

  • School District: Blue Earth Area #2860

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
May 31, 2024
Sold by
Besendorf Douglas C and Qualey Lisa
Bought by
Fire Homes Llc
Seller's Agent
LAURIE OELKE
OLSON NELSON REALTY
Buyer's Agent
LAURIE OELKE
OLSON NELSON REALTY
List Price
$130,000
Sold Price
$90,000
Premium/Discount to List
-$40,000
-30.77%
Total Days on Market
80
Views
48
Current Estimated Value
$95,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,349
Avg. Annual Appreciation
5.45%
Original Mortgage
$72,000
Outstanding Balance
$71,648
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$23,154

Map

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 Type Sale Price Title Company
Warranty Deed $90,000 St Andrews Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $72,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $90,000 -30.8% $48 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $130,000 -- $69 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $804 $23,800 $2,400 $21,400
2023 $1,018 $23,300 $2,400 $20,900
2022 $1,040 $27,800 $2,400 $25,400
2021 $758 $27,900 $2,400 $25,500
2020 $742 $17,500 $2,400 $15,100
2019 $730 $17,500 $2,400 $15,100
2018 $700 $13,200 $1,900 $11,300
2017 $650 $13,200 $1,900 $11,300
2015 $738 $13,200 $1,900 $11,300
2013 -- $18,300 $1,900 $16,400
Source: Public Records

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7034223

REALTOR® Association of Southern Minnesota

APN: 26.002.3400