Seller's Agent in 2024
Gunnar Grimsrud
Realty Growth Inc.
(507) 289-1799
2 in this area
12 Total Sales
725 7th St NW Rochester, MN 55901
Washington Neighborhood
2
Beds
1
Bath
796
Sq Ft
5,968
Sq Ft Lot
Highlights
- No HOA
- Forced Air Heating and Cooling System
- 1-minute walk to Cook Park
- 1-Story Property
About This Home
As of November 2024Fantastic opportunity to own an investment property in the heart of Rochester for under $200,000! The property is occupied as of 1/31/24 on a 2-year term. Handicap accessible, newer appliances, and quick access to Rochester’s trail system.
To obtain the rental certificate, the owner had to demolish the garage shown in the property photos. As a result, there is currently no garage on the property. The rental certificate is valid.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,246
Year Built
- Built in 1927
Lot Details
- 5,968 Sq Ft Lot
- Lot Dimensions are 50x121
Interior Spaces
- 796 Sq Ft Home
- 1-Story Property
- Unfinished Basement
- Partial Basement
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Schools
- Elton Hills Elementary School
- John Adams Middle School
- John Marshall High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Lampmans Rep Subdivision
Listing and Financial Details
- Assessor Parcel Number 743524011749
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2024
Closed on
Nov 20, 2024
Sold by
Maverick Management Llc
Bought by
Adam Shereen
Seller's Agent
Gunnar Grimsrud
Realty Growth Inc.
Buyer's Agent
Riley Carter
Lakes Sotheby's International Realty
List Price
$174,900
Sold Price
$165,000
Premium/Discount to List
-$9,900
-5.66%
Views
198
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,712
Avg. Annual Appreciation
8.91%
Original Mortgage
$140,250
Outstanding Balance
$139,877
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$37,835
Purchase Details
Closed on
May 5, 2021
Sold by
1101 Memorial Parkway Sw Llc
Bought by
Maverick Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
3.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 30, 2019
Sold by
725 7Th Street Nw Llc
Bought by
1101 Memorial Parkway Sw Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
3.6%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 17, 2017
Sold by
Med City Holdings Llc
Bought by
725 7Th St Nw Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.08%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 3, 2017
Sold by
Porter Leonard E
Bought by
Dean Jonas M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $165,000 | Near North Title Group | |
| Warranty Deed | $167,000 | Rochester Title & Escrow Co | |
| Warranty Deed | $138,000 | Rochester Title & Escrow Co | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,250 | New Conventional | |
| Previous Owner | $133,600 | Commercial | |
| Previous Owner | $110,400 | Unknown | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2024 11/20/24 | Sold | $165,000 | -2.9% | $207 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | Price Changed | $169,900 | -2.9% | $213 / Sq Ft |
| 07/10/2024 07/10/24 | For Sale | $174,900 | 0.0% | $220 / Sq Ft |
| 07/04/2024 07/04/24 | Pending | -- | -- | -- |
| 07/02/2024 07/02/24 | For Sale | $174,900 | 0.0% | $220 / Sq Ft |
| 06/23/2024 06/23/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | For Sale | $174,900 | -- | $220 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,534 | $181,300 | $35,000 | $146,300 |
| 2023 | $2,396 | $190,300 | $35,000 | $155,300 |
| 2022 | $2,246 | $177,000 | $35,000 | $142,000 |
| 2021 | $1,608 | $146,000 | $35,000 | $111,000 |
| 2020 | $1,582 | $116,700 | $25,000 | $91,700 |
| 2019 | $1,492 | $110,200 | $25,000 | $85,200 |
| 2018 | $959 | $104,400 | $25,000 | $79,400 |
| 2017 | $528 | $96,600 | $20,000 | $76,600 |
| 2016 | $772 | $57,900 | $13,300 | $44,600 |
| 2015 | $648 | $51,000 | $12,600 | $38,400 |
| 2014 | $638 | $51,800 | $12,700 | $39,100 |
| 2012 | -- | $52,600 | $12,767 | $39,833 |
Source: Public Records
Agents Affiliated with this Home
-
Gunnar Grimsrud
-
Riley Carter
R
Buyer's Agent in 2024
Riley Carter
Lakes Sotheby's International Realty
(612) 356-9700
1 in this area
9 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6551728
APN: 74.35.24.011749
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