NOT LISTED FOR SALE

701 1st Ave SE Pelican Rapids, MN 56572

Estimated Value: $250,000 - $276,816

4 Beds
3 Baths
2,692 Sq Ft
$99/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $245,000 $91 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,678/month

23 Days on Market

Highlights

  • No HOA
  • Wet Bar
  • Storage Room
  • 2 Car Attached Garage
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

Come appreciate this spacious 4 bedroom/3 bath home in a great location! The home features an open floor plan, primary bedroom with walk-in closet, a full bath, and laundry all on the main floor. Cute sunken living room with a vaulted ceiling and a large bay window for much natural light. The spacious kitchen offers plenty of cabinets and counter space, eating bar plus a pantry. Large deck off the kitchen that's sure to entertain your summertime cookouts. The lower level walkout includes a family room, wet bar, 3/4 bath and fourth bedroom. Enjoy the outdoors and paver firepit at this deep city lot that's been nicely landscaped with pine trees, bushes, flowers, apple and plumb trees. Attached 2 stall garage that is insulated finished, plus a storage shed. Come view this home today before the spring rush!

Last Agent to Sell the Property

David Grell

Exit Realty Hometown Advantage Listed on: 03/28/2023

Last Buyer's Agent

Kayla Ulschmid

Keller Williams Realty Profess

Keller Williams Realty Profess

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,446

Year Built

  • Built in 1985

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 118x217

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Andersons 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 76000990755000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,446

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1985
  • Above Grade Finished Sq Ft: 1792
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Unfinished, Walkout
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Living Area: 2692
  • Fireplace: No
  • Below Grade Finished Sq Ft: 900
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bathroom, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Bedroom 4, Bar/Wet Bar Room, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 2

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 544

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Pelican Rapids
  • SchoolDistrictNumber: 548
  • SchoolDistrictPhone: 218-863-5910

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 118x217
  • Lot Size Sq Ft: 25700.4
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 76000990755000
  • Tax Annual Amount: 2446
  • TaxWithAssessments: 2516.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
Jun 1, 2023
Sold by
Elizondo Israel and Elizondo Alysa
Bought by
Lipp Eric and Lipp Sadie
Seller's Agent
David Grell
Exit Realty Hometown Advantage
Buyer's Agent
Kayla Ulschmid
Keller Williams Realty Profess
List Price
$249,900
Sold Price
$245,000
Premium/Discount to List
-$4,900
-1.96%
Views
138
Current Estimated Value
$265,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,204
Avg. Annual Appreciation
3.55%
Original Mortgage
$243,500
Outstanding Balance
$237,247
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$27,957

Purchase Details

Closed on
Aug 9, 2019
Sold by
Thompson Len H and Thompson Emily M
Bought by
Elizonda Israel L and Elizonda Alysa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,012
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 1, 2014
Sold by
Fife Dean Dean
Bought by
Thompson Len and Martin Thompson, Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.19%

Purchase Details

Closed on
May 2, 2013
Sold by
Fife Dean Dean
Bought by
Thompson Len and Martin Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.51%
Source: Public Records

Range of Values:

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Average Value
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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
Lipp Eric $245,000 --
Elizonda Israel L $192,500 Nf Field Abstract Co
Thompson Len $150,000 --
Thompson Len $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipp Eric $243,500
Previous Owner Elizonda Israel L $189,012
Previous Owner Thompson Len $150,000
Previous Owner Thompson Len $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $245,000 -2.0% $91 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $249,900 -- $93 / 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
2025 $2,928 $240,300 $17,400 $222,900
2024 $2,928 $246,800 $17,400 $229,400
2023 $2,712 $201,900 $17,400 $184,500
2022 $2,516 $271,200 $0 $0
2021 $2,366 $201,900 $17,400 $184,500
2020 $2,304 $170,200 $15,200 $155,000
2019 $2,120 $155,900 $11,700 $144,200
2018 $2,030 $155,900 $11,700 $144,200
2017 $2,038 $149,600 $11,700 $137,900
2016 $1,842 $139,600 $11,700 $127,900
2015 $1,798 $0 $0 $0
2014 -- $130,900 $11,700 $119,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6347781

NorthstarMLS

APN: 76000990755000