NOT LISTED FOR SALE

557 Forest Ln Medford, MN 55049

Estimated Value: $395,000 - $462,000

3 Beds
2.5 Baths
1,757 Sq Ft
$247/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2012

Last sale price $215,000 $122 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,636 / mo

71 Days on Market

Highlights

  • 3 Car Attached Garage
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of November 2012

3 Bedroom ranch located in Medford. Open floor plan, in-floor heat in the bathrooms and garage, walk-out basement ready to finish, 10 foot ceilings and more.

Last Agent to Sell the Property

Justin Ohnstad

ERA Gillespie Real Estate Listed on: 08/20/2012

Co-Listed By

Erin Gillespie

ERA Gillespie Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 2006

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 85x125

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,757 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 161150203

Home Details

Home Type

Single Family

Year Built

2006

Lot Details

0.25 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Estimated Number of Acres: 0.25
  • Parcel Number: 161150203
  • Stories: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 2: On Level: Main
  • Room 3: On Level: Main
  • Room 5: On Level: Main
  • Room 9: Kitchen, 15x12, On Level: Main
  • Room 11: On Level: Main
  • Room 12: Living Room, 19x13, On Level: Main
  • Room 13: On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1757
  • Total Fin Square Footage: 1757
  • Total Square Footage: 3402

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Brick, Vinyl

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 85x125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2019
Sold by
Miller John W and Miller Michelle S
Bought by
Peterson Matthew J and Peterson Rachel M
Current Estimated Value
$415,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,640
Outstanding Balance
$174,638
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$259,279

Purchase Details

Listed on
Aug 20, 2012
Closed on
Nov 21, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Miller John W and Miller Michelle S
Seller's Agent
Justin Ohnstad
ERA Gillespie Real Estate
List Price
$224,500
Sold Price
$215,000
Premium/Discount to List
-$9,500
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$217,150
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2012
Sold by
Meyer Jamie M
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 10, 2006
Sold by
Kavitz Designs Inc
Bought by
Meyer Jamie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2005
Sold by
Oakridge Bluff Properties Llp
Bought by
Kavitz Designs Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Peterson Matthew J $248,300 North American Title
Miller John W -- None Available
Wells Fargo Bank Na $215,166 None Available
Meyer Jamie M $279,387 North American Title Company
Kavitz Designs Inc $35,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Matthew J $198,640
Previous Owner Miller John W $217,150
Previous Owner Meyer Jamie M $223,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2012 11/30/12 Sold $215,000 -4.2% $122 / Sq Ft
10/30/2012 10/30/12 Pending -- -- --
08/20/2012 08/20/12 For Sale $224,500 -- $128 / 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
2025 $4,976 $414,700 $57,000 $357,700
2024 $4,748 $387,500 $57,000 $330,500
2023 $4,960 $353,900 $53,200 $300,700
2022 $4,288 $331,700 $39,000 $292,700
2021 $4,174 $273,812 $36,358 $237,454
2020 $4,154 $262,052 $36,358 $225,694
2019 $4,708 $253,428 $38,808 $214,620
2018 $4,210 $282,926 $31,654 $251,272
2017 $4,046 $251,860 $27,342 $224,518
2016 $3,922 $240,394 $27,342 $213,052
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Justin Ohnstad

    ERA Gillespie Real Estate

  • E

    Seller Co-Listing Agent in 2012

    Erin Gillespie

    ERA Gillespie Real Estate

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4390924

REALTOR® Association of Southern Minnesota

APN: 16-115-0203

Minnesota Steele County Medford 55049

557 Forest Ln, Medford, MN

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REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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