Seller's Agent in 2024
Jack Brann
Affinity Real Estate Inc.
(218) 252-8882
79 in this area
274 Total Sales
616 Woodland Ave Park Rapids, MN 56470
Estimated Value: $190,000 - $242,000
8
Beds
5
Baths
3,648
Sq Ft
$59/Sq Ft
Est. Value
About This Home
As of March 20243 for the price of 1! This rare triplex offering has an ideal location and an exceptional rental history. Features two 3 bedroom, 2 bath units and one 2 bedroom, 1 bath unit. In total there are 8 bedrooms and 5 bathrooms with an above grade equivalent of 3,600+ sq ft. Additionally, Units B and C have full, unfinished basements while Unit A benefits from the garage. Unit B has been gutted and is ready for renovation. Each unit metered individually for electric. If you are looking for an in-play investment with positive cash flow and upside significance, then look no further. Sits on a 1/3rd of an acre adjacent to the Park Rapids schools.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,170
Year Built
- Built in 1970
Lot Details
- Lot Dimensions are 104 x 140
Parking
- 2 Car Attached Garage
Home Design
- Triplex
Interior Spaces
- 3,648 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Utilities
- Baseboard Heating
- Boiler Heating System
Community Details
- 3 Units
- Cooksons Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 324800600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 28, 2024
Closed on
Mar 15, 2024
Sold by
Julmar Properties Llc
Bought by
Vredenburg Brandon
Seller's Agent
Jack Brann
Affinity Real Estate Inc.
Buyer's Agent
Candy Gulsvig
Affinity Real Estate Inc.
List Price
$159,995
Sold Price
$175,000
Premium/Discount to List
$15,005
9.38%
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,332
Avg. Annual Appreciation
17.80%
Original Mortgage
$175,000
Outstanding Balance
$172,761
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$48,065
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vredenburg Brandon | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vredenburg Brandon | $175,000 | |
| Closed | Vredenburg Brandon M | $148,750 | |
| Previous Owner | Julmar Properties Llc | $657,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2024 03/15/24 | Sold | $175,000 | +9.4% | $48 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 02/28/2024 02/28/24 | For Sale | $159,995 | -- | $44 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $3,332 | $175,100 | $17,900 | $157,200 |
| 2023 | $4,554 | $256,700 | $16,200 | $240,500 |
| 2022 | $3,228 | $186,000 | $16,200 | $169,800 |
| 2021 | $2,840 | $157,200 | $16,200 | $141,000 |
| 2020 | $2,694 | $137,000 | $18,000 | $119,000 |
| 2019 | $2,656 | $124,000 | $18,000 | $106,000 |
| 2018 | $2,664 | $125,600 | $15,700 | $109,900 |
| 2016 | $2,530 | $126,600 | $15,700 | $110,900 |
| 2015 | $1,996 | $113,900 | $16,800 | $97,100 |
| 2014 | $2,072 | $118,000 | $19,600 | $98,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Candy Gulsvig
Affinity Real Estate Inc.
(218) 255-0631
61 in this area
153 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6495790
APN: 32.48.00600
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