NOT LISTED FOR SALE

704 3rd St Nicollet, MN 56074

Estimated Value: $283,308

6 Beds
4 Baths
-- Sq Ft
1905 Built

Last Sold April 01, 2012

Last sale price $120,000

Est. 136% increase in value since last sale

Current estimated payment $1,742/month

201 Days on Market

About This Home

As of April 2012

Main St Nicollet. Retail Storefront, or possible office space. Has been used for light manufacturing/ Restaurant-Bar. 4 Apartments on 2nd floor have great rental history, mostly remodeled, and average $450.00 month each. Main level has all Oak flooring and embossed tin ceiling. Brick building in very good condition has commercial restrooms on main floor and excellent visibility display windows across entire front, and 2,200 Sq. Ft. garage/loading dock, and coldstorage in rear of building.

Last Agent to Sell the Property

Dennis Terrell

RE/MAX DYNAMIC AGENTS License #20370666 Listed on: 08/17/2011

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

Daniel Christensen

RE/MAX DYNAMIC AGENTS License #20087374

RE/MAX DYNAMIC AGENTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,804

Year Built

  • Built in 1905

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Basement

  • Partial Basement
  • Block Basement Construction

Location

  • Upper Level

Utilities

  • Furnace Humidifier
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for lawn, snow, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,804

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Style: Apartment Building (L)
  • Construction: Previously Owned
  • Mechanicals: Furnace Humidifier
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Basement Material: Concrete Block
  • Basement Style: Partial

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved
  • Construction Type: Frame/Wood
  • Exterior: Brick

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Rental Info

  • Owner Expense: Lawn, Snow, Water/Sewer
  • Type of Tenancy: One Year Lease

Building Info

  • Year Built: 1905

Tax Info

  • Year: 2011
  • Tax Value: 2804

MLS Schools

  • School District: Nicollet #507

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2011
Closed on
Apr 2, 2012
Sold by
Ferguson Douglas K and Bennett Marilyn J
Bought by
Alms Gretchen
Seller's Agent
Dennis Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Daniel Christensen
RE/MAX DYNAMIC AGENTS
List Price
$135,000
Sold Price
$120,000
Premium/Discount to List
-$15,000
-11.11%
Current Estimated Value
$283,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,308
Avg. Annual Appreciation
6.53%
Original Mortgage
$110,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Alms Gretchen $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Alms Gretchen $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2012 04/01/12 Sold $120,000 -11.1% --
03/05/2012 03/05/12 Pending -- -- --
08/17/2011 08/17/11 For Sale $135,000 -- --
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 $3,106 $160,200 $24,000 $136,200
2024 $3,208 $159,100 $24,000 $135,100
2023 $3,382 $159,100 $24,000 $135,100
2022 $4,262 $159,100 $24,000 $135,100
2021 $3,700 $147,300 $24,000 $123,300
2020 $3,028 $143,700 $20,400 $123,300
2019 $2,346 $120,500 $20,400 $100,100
2018 $3,210 $113,500 $13,400 $100,100
2017 -- $113,500 $0 $0
2016 $3,846 $0 $0 $0
2015 -- $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Terrell

    Seller's Agent in 2012

    Dennis Terrell

    RE/MAX

    (507) 340-4562

    165 Total Sales

    Dennis Terrell
    Section Image

  • D

    Buyer's Agent in 2012

    Daniel Christensen

    RE/MAX

    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 129125

REALTOR® Association of Southern Minnesota

APN: R-17.682.0130

Minnesota Nicollet County Nicollet 56074

704 3rd St, Nicollet, MN

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