NOT LISTED FOR SALE

702 8th St SW Wells, MN 56097

Estimated Value: $214,000 - $267,460

3 Beds
2.5 Baths
1,892 Sq Ft
$125/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $203,000 $107 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,243/month

121 Days on Market

Highlights

  • 1 Fireplace
  • Stainless Steel Appliances
  • 2 Car Attached Garage
  • No HOA
  • The kitchen features windows
  • Patio

About This Home

As of February 2023

This three bedroom, three bath multi-level home was built in 1974. Kitchen includes new refrigerator, new stove, custom cabinetry, and eat-at breakfast bar. Adjacent dining room has sliding door to the 12x24 paver patio with fire pit. Two large bedrooms upstairs--both have walk in closets. Large full bathroom upstairs with double sinks and access via master bedroom and hall. Lower level includes a 14x22 family room with gas fireplace, 12x13 bedroom, and 3/4 bath with heated floors and step in shower. Large, heated garage (28x30) with finished walls and access to both the main floor and basement. If you can't fit everything in the big garage, there is a 12x14 storage shed in the back yard. Very large lot (109x140). Seller recently installed inside tiling and sump pump in lowest level. Seller will replace missing tile and install toilet, sink and water softener, at seller's sole expense. Any or all remaining personal property (sofa, table & chairs, etc.) could be included.

Last Agent to Sell the Property

Brad Heggen

Brad Heggen Realty, Inc Listed on: 08/31/2022

Last Buyer's Agent

Dallas Barslou

RE/MAX Total Realty

RE/MAX Total Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,074

Year Built

  • Built in 1974

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 109x140
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Garage Door Opener

Home Design

  • Split Level Home
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Drainage System
  • Sump Pump
  • Block Basement Construction
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 200+ Amp Service
  • Electric Water Heater
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Moja Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 304500920

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,074

Year Built

Built in 1974

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
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1232
  • Unit Levels: Four or More Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Drainage System, Finished, Full, Storage Space, Sump Pump
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned
  • Living Area: 1892
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 660
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom, Patio

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Other Structures: Storage Shed

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Electric, Garage Door Opener, Heated Garage, Storage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Cable,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Tile Floors,Walk-In Closet

Schools

  • Junior High Dist: United South Central
  • SchoolDistrictPhone: 507-553-3134

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 109x140
  • Lot Size Sq Ft: 15246
  • Land Lease: No
  • Lot Features: Some Trees, Underground Utilities
  • 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: 2021
  • Assessor Parcel Number: 304500920
  • Tax Annual Amount: 3074
  • TaxWithAssessments: 3074.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Feb 10, 2023
Sold by
Schrader Arnold Roy and Schrader Marlene Ann
Bought by
Schmidtke Jenna R
Seller's Agent
Brad Heggen
Brad Heggen Realty, Inc
Buyer's Agent
Dallas Barslou
RE/MAX Total Realty
List Price
$249,500
Sold Price
$203,000
Premium/Discount to List
-$46,500
-18.64%
Views
44
Current Estimated Value
$236,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,865
Avg. Annual Appreciation
5.46%
Original Mortgage
$203,000
Outstanding Balance
$194,946
Interest Rate
5%
Mortgage Type
VA
Estimated Equity
$41,919

Purchase Details

Closed on
Mar 23, 2022
Sold by
Sgfader Arnold R and Sgfader Marlene
Bought by
Bernice F Knutson Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schmidtke Jenna R $203,000 Minnesota River Valley Title
Bernice F Knutson Revocable Trust $17,251 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidtke Jenna R $203,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2023 02/10/23 Sold $203,000 -9.6% $107 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $224,500 -6.3% $119 / Sq Ft
10/19/2022 10/19/22 Price Changed $239,500 -4.0% $127 / Sq Ft
08/31/2022 08/31/22 For Sale $249,500 -- $132 / 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 $69 $214,100 $26,500 $187,600
2024 $69 $208,600 $18,500 $190,100
2023 $3,372 $206,700 $14,000 $192,700
2022 $3,074 $176,400 $14,000 $162,400
2021 $2,944 $148,700 $10,500 $138,200
2020 $2,864 $148,700 $10,500 $138,200
2019 $2,814 $140,000 $8,400 $131,600
2018 $2,668 $140,100 $8,500 $131,600
2017 $2,576 $138,300 $8,500 $129,800
2015 $2,172 $138,300 $8,500 $129,800
2013 -- $138,300 $8,500 $129,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6255919

NorthstarMLS

APN: 30.450.0920