NOT LISTED FOR SALE

7087 Lambert Ln NE Otsego, MN 55301

Estimated Value: $417,000 - $441,000

0.4 Acre
$1,071,400 Price per Acre
17,424 Sq Ft Lot

Last Sold August 10, 2012

Last sale price $15,000 $8 Per Sq Ft

Est. 2,757% increase in value since last sale

Current estimated payment $2,633/month

182 Days on Market

About This Lot

As of August 2012

Subject to bank approval. Lot for Sale in a very nice neighborhood.

Last Agent to Sell the Property

Mitchell Spargur

Keller Williams Classic Rlty NW Listed on: 11/01/2011

Last Buyer's Agent

Mary Leuer

Homeplace Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,194

Lot Details

  • 0.4 Acre Lot
  • Sloped Lot
  • Finished Lot(s)

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 118215002340

Property Details

Property Type

Land

Est. Annual Taxes

$4,194

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Assessment Balance: 593.68
  • Assessments: Yes
  • Parcel Number: 118215002340
  • Projected Closed Date: 08/31/2012
  • Taxes With Assessments: 1256
  • Estimated Number of Acres: 0.4
  • Additional Information: Platted, Survey
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved
  • Topography: Sloped
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: Cable Tv, City Water, Electric, Natural Gas, Storm Sewer, Telephone

Schools

  • School District: Elk River #728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2015
Bought by
Paulson Noel Noel
Current Estimated Value
$428,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,019
Outstanding Balance
$212,887
Interest Rate
3.86%
Estimated Equity
$217,335

Purchase Details

Listed on
Nov 1, 2011
Closed on
Aug 10, 2012
Sold by
Construction & Development Finance
Bought by
Jim Lever Construction Inc
Seller's Agent
Mitchell Spargur
Keller Williams Classic Rlty NW
Buyer's Agent
Mary Leuer
Homeplace Realty
List Price
$5,000
Sold Price
$15,000
Premium/Discount to List
$10,000
200%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.15%

Purchase Details

Closed on
Mar 30, 2006
Sold by
Heritage Development Of Minnesota Llc
Bought by
Hardwood Homes Inc
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
Paulson Noel Noel $275,000 --
Jim Lever Construction Inc $41,000 --
Hardwood Homes Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paulson Noel Noel $270,019
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2012 08/10/12 Sold $15,000 +200.0% $8 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
11/01/2011 11/01/11 For Sale $5,000 -- $3 / 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 $4,194 $392,000 $95,000 $297,000
2024 $4,550 $388,400 $95,000 $293,400
2023 $4,570 $427,100 $114,000 $313,100
2022 $4,290 $378,800 $95,000 $283,800
2021 $4,152 $317,900 $60,000 $257,900
2020 $4,118 $303,000 $55,000 $248,000
2019 $3,666 $294,800 $0 $0
2018 $3,352 $274,800 $0 $0
2017 $2,946 $251,900 $0 $0
2016 $224 $0 $0 $0
2015 $444 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mitchell Spargur

    Keller Williams Classic Rlty NW

  • M

    Buyer's Agent in 2012

    Mary Leuer

    Homeplace Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3533345

REALTOR® Association of Southern Minnesota

APN: 118-215-002340

Minnesota Wright County Otsego 55301

7087 Lambert Ln NE, Otsego, MN

This home is located at 7087 Lambert Ln NE, Otsego, MN 55301 since 01 November 2011 and is currently estimated at $428,560, approximately $215 per square foot. 7087 Lambert Ln NE is a home located in Wright County with nearby schools including Otsego Elementary School, Rogers Middle School, and Rogers Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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