$85,000
SOLD OCT 29, 2024

6371 Cedar St North Branch, MN 55056

4 Beds
2 Baths
1,793 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

15% Below List Price

23 Days on Market

About This Home

As of October 2024

This home is being worked towards a duplex in the heart of North Branch. Home needs lots of TLC but much
of the hard work has been completed. Great investment for a flip or to add a duplex to any portfolio. Both levels are down to the studs. Much of the electrical work and plumbing has been redone. Some of
the windows have been replaced. Electric has already been split for future separate billing. Upper
level elec. panel is brand new. 2 separate water heaters. Each unit is set up to be a 2 bed, 1 full
bath, with in-unit laundry. Current rental rates for like properties in North Branch range from
$1500-1800 each unit per month. Lower level has a large front 3 season porch and a large covered rear porch. This home could also remain a single family home if needed.

Last Agent to Sell the Property

Sean Thomas

Generations Real Estate Group Listed on: 09/15/2024

Last Buyer's Agent

Sean Thomas

Generations Real Estate Group Listed on: 09/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,645

Year Built

  • Built in 1916

Home Design

  • Duplex

Interior Spaces

  • 1,793 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 50x20
  • Forced Air Heating System

Community Details

  • 2 Units
  • North Branch Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160025400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,645

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1916
  • Above Grade Finished Sq Ft: 1793
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Living Area: 1793
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • PatioPorchType: Front Porch,Rear Porch

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Schools

  • Junior High Dist: North Branch
  • SchoolDistrictNumber: 138
  • SchoolDistrictPhone: 651-674-1000

Lot Info

  • Lot Size: 50x20
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 160025400
  • Tax Annual Amount: 1645
  • TaxWithAssessments: 1662.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2024
Closed on
Oct 29, 2024
Sold by
Wanderlustgirl Llc
Bought by
Waddle 6371 Llc
Seller's Agent
Sean Thomas
Generations Real Estate Group
Buyer's Agent
Sean Thomas
Generations Real Estate Group
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Views
20
Current Estimated Value
$227,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,374
Avg. Annual Appreciation
185.40%
Original Mortgage
$63,750
Outstanding Balance
$60,054
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$120,808

Purchase Details

Listed on
Jul 18, 2024
Closed on
Aug 22, 2024
Sold by
Woodrich John and Woodrich Miranda
Bought by
Wanderlustgirl Llc
Seller's Agent
John Woodrich
Woodrich Homes, LLC
Buyer's Agent
Sean Thomas
Generations Real Estate Group
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.24%
Source: Public Records

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 $85,000 Title Smart
Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $85,000 -9.5% $47 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/26/2024 09/26/24 Price Changed $93,900 -6.0% $52 / Sq Ft
09/15/2024 09/15/24 For Sale $99,900 +33.2% $56 / Sq Ft
08/22/2024 08/22/24 Sold $75,000 -11.8% $46 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $85,000 -- $52 / Sq Ft
Source: NorthstarMLS

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
2023 $1,662 $136,600 $63,000 $73,600
2022 $1,662 $125,600 $55,000 $70,600
2021 $1,416 $91,800 $0 $0
2020 $1,400 $89,700 $40,000 $49,700
2019 $1,490 $0 $0 $0
2018 $782 $0 $0 $0
2017 $1,430 $0 $0 $0
2016 $1,542 $0 $0 $0
2015 $1,280 $0 $0 $0
2014 -- $83,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6604028

NorthstarMLS

APN: 16-00254-00