5482 Egan Dr Savage, MN 55378
Estimated payment $1,849/month
Highlights
- Deck
- Lower Floor Utility Room
- Laundry Room
- Main Floor Primary Bedroom
- 2 Car Attached Garage
- Forced Air Heating and Cooling System
About This Home
Investor opportunity. This well-maintained split-level townhome is tenant-occupied through 2027, providing immediate rental income with no vacancy period. The existing lease includes built-in annual rent increases, offering predictable year-over-year income growth, and the property is occupied by a great, long-term tenant. The upcoming $10,000 HOA assessment will be paid by the seller, with planned HOA improvements scheduled for 2026 and 2027 and no increase to HOA dues for the new owner. Additional equity remains for the next investor and upcoming updates will increase the home and community value. The large, open kitchen features loads of storage, well-maintained appliances including a dishwasher, vented range hood, and a double-pane sliding glass door leading to the back deck. Two bedrooms and an updated full bath with double vanity are located on the upper level. The lower level includes a family room, third bedroom, second bathroom, laundry room, and direct access to the attached two-car garage. Additional features include updated lighting, LVP flooring in bedrooms, tile entries, NEW double-pane windows, insulated garage door, central AC, and a newer water heater (2021). Located near parks, trails, shopping, restaurants, and major highways, this property offers strong long-term rental appeal with stable, in-place tenancy.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,308
Year Built
- Built in 1984
HOA Fees
- $351 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Tuck Under Garage
- Insulated Garage
Home Design
- Bi-Level Home
- Block Exterior
Interior Spaces
- Dining Room
- Open Floorplan
- Lower Floor Utility Room
Kitchen
- Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Utilities
- Forced Air Heating and Cooling System
- 100 Amp Service
- Gas Water Heater
Additional Features
- Deck
- Street terminates at a dead end
Community Details
- Association fees include building exterior, hazard insurance, lawn care, ground maintenance, professional mgmt, sanitation, shared amenities, snow removal
- 33Rd Company, Inc Association, Phone Number (651) 777-5500
- Wildwood Estates 1St Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 261120100
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $2,308 | $206,400 | $88,200 | $118,200 |
| 2024 | $2,120 | $207,100 | $88,200 | $118,900 |
| 2023 | $2,168 | $192,900 | $81,700 | $111,200 |
| 2022 | $1,944 | $197,700 | $86,500 | $111,200 |
| 2021 | $1,988 | $167,300 | $68,500 | $98,800 |
| 2020 | $1,898 | $160,400 | $56,000 | $104,400 |
| 2019 | $1,540 | $147,200 | $48,800 | $98,400 |
| 2018 | $1,406 | $0 | $0 | $0 |
| 2016 | $1,116 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $164,000 | Gibraltar Title | |
| Sheriffs Deed | $135,116 | Gibrattar Title Agency | |
| Quit Claim Deed | $2,500 | Gibraltar Title Agency Llc | |
| Sheriffs Deed | -- | None Available | |
| Sheriffs Deed | $132,100 | None Available | |
| Warranty Deed | $170,000 | The Title Group Inc | |
| Warranty Deed | $125,000 | Edina Realty Title Inc | |
| Warranty Deed | $63,000 | Eagle Creek Title | |
| Foreclosure Deed | $72,000 | -- | |
| Trustee Deed | $134,000 | -- | |
| Deed | $75,886 | -- | |
| Warranty Deed | $70,015 | -- | |
| Warranty Deed | $62,000 | -- | |
| Warranty Deed | $59,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $164,900 | New Conventional | |
| Previous Owner | $116,500 | New Conventional | |
| Previous Owner | $61,402 | FHA | |
| Closed | -- | No Value Available |
Source: NorthstarMLS
MLS Number: 6825826
APN: 26-112-010-0
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