NOT LISTED FOR SALE

7 Somerset Dr Unit L2 Waconia, MN 55387

Estimated Value: $201,000 - $216,000

2 Beds
1 Bath
936 Sq Ft
$225/Sq Ft Est. Value

Last Sold March 12, 2015

Last sale price $90,000 $96 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,449/month

60 Days on Market

Highlights

  • Formal Dining Room
  • 1 Car Attached Garage
  • Bathroom on Main Level
  • Waconia Middle School Rated A-
  • Patio
  • 1-minute walk to Fox Run Park

About This Home

As of March 2015

Convenient one level living with open kitchen and dining room. Sliding door to patio and backyard. Kitchen remodel with Medallion cabinets. Great investor opportunity.

Last Agent to Sell the Property

R Thomas Schooley

RE/MAX Alliance Realty Listed on: 01/05/2015

Last Buyer's Agent

R Thomas Schooley

RE/MAX Alliance Realty Listed on: 01/05/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $637

Year Built

  • Built in 1982

Lot Details

  • 1,307

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Wood Siding

Interior Spaces

  • 936 Sq Ft Home
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Shared Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Water Softener is Owned

Additional Features

  • Patio
  • 1,307 Sq Ft Lot

Community Details

  • Association fees include exterior maintenance, snow removal

Listing and Financial Details

  • Assessor Parcel Number 754550040

Home Details

Home Type

Single Family

Est. Annual Taxes

$637

Year Built

Built in 1982

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: TH Quad/4 Corners
  • Amenities: Garage Door Opener
  • Amenities Exterior: Driveway - Asphalt, Driveway - Shared, Patio
  • Estimated Number of Acres: 0.03
  • Assessment Balance: 25
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 936
  • Mechanicals: Water Softener-Owned
  • Parcel Number: 754550040
  • Projected Closed Date: 03/12/2015
  • Street Designation: Drive
  • Taxes With Assessments: 662
  • Comp Dev Subdiv Name: SOUTHWIND CONDO
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Formal Dining Room
  • Appliances: Dishwasher, Disposal, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 2
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 2: Dining Room, 8x9, On Level: Main
  • Room 3: Family Room, 11x15, On Level: Main
  • Room 4: Kitchen, 9x9, On Level: Main
  • Room 5: Bedroom, 11x12, On Level: Main
  • Room 6: Bedroom, 9x11, On Level: Main
  • Finished Above Grade Sq Ft: 936
  • Total Fin Square Footage: 936

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Cooling: Wall
  • Fuel: Electric
  • Heat: Baseboard
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Snow Removal
  • Association Fee Frequency: Monthly
  • Association Fee: Yes
  • Association Fee: 100

Fee Information

  • Insurance Expense: 1200.00
  • Insurance Fee Frequency: Yearly

Schools

  • School District: Waconia #110

Building Info

  • Year Built: 1982

Tax Info

  • Year: 2014
  • Tax Value: 637

MLS Schools

  • School District: Waconia #110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2020
Sold by
Friesen Rachel
Bought by
Simmons Krystle
Current Estimated Value
$210,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,700
Outstanding Balance
$121,973
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$86,512

Purchase Details

Listed on
Jan 5, 2015
Closed on
Mar 12, 2015
Sold by
Notermann Mark J and Notermann Lisa
Bought by
Friesen Rachel A
Seller's Agent
R Thomas Schooley
RE/MAX Alliance Realty
Buyer's Agent
R Thomas Schooley
RE/MAX Alliance Realty
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$45,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2002
Sold by
Wiebe Troy W and Wiebe Dawn M
Bought by
Noiermann Mark J and Archambault Lisa J
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 Buyer Sale Price Title Company
Simmons Krystle $139,900 On Site Title Llc
Friesen Rachel A $90,000 Liberty Title Inc
Noiermann Mark J $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simmons Krystle $135,700
Previous Owner Friesen Rachel A $45,000
Previous Owner Notermann Mark J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2015 03/12/15 Sold $90,000 -5.3% $96 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $95,000 -- $101 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2025 $2,146 $213,900 $85,000 $128,900
2024 $2,116 $192,700 $60,000 $132,700
2023 $1,500 $188,900 $60,000 $128,900
2022 $1,410 $144,300 $19,200 $125,100
2021 $1,248 $108,800 $15,800 $93,000
2020 $1,158 $108,800 $15,800 $93,000
2019 $1,064 $94,800 $13,400 $81,400
2018 $968 $94,800 $13,400 $81,400
2017 $796 $93,600 $12,200 $81,400
2016 $770 $51,200 $0 $0
2015 -- $44,700 $0 $0
2014 -- $40,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4705133

REALTOR® Association of Southern Minnesota

APN: 75.4550040