NOT LISTED FOR SALE

725 Oak Trail Fergus Falls, MN 56537

Estimated Value: $452,000 - $479,000

2 Beds
2 Baths
1,815 Sq Ft
$256/Sq Ft Est. Value

Last Sold September 24, 2024

Last sale price $480,000 $264 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,775/month

169 Days on Market

Highlights

  • New Construction
  • 2 Car Attached Garage
  • Living Room
  • The kitchen features windows
  • Patio
  • 1-Story Property

About This Home

As of September 2024

Welcome to River Oaks Village, West Central Minnesota's premier 55+ private development featuring both townhomes & standalone properties. This unit at 725 Oak Trail is a luxury 2 bed, 2 bath townhome with sunroom & a 2 stall, 654 sq. ft. heated garage. Features include open-concept living space with trayed ceiling, kitchen island, laundry room, ample closet space, private master bath with double sink, walk-in shower, & master walk-in closet that doubles as a storm shelter & safe room. Association fee of $185/mo includes lawn care (mowing & sprinkler system), snow removal, & most outdoor maintenance. Community is located on a private street with a walking trail connecting you to destinations around the city. This unit is set to be complete June 1, 2024. With features & finishes too numerous to list, set up your private tour today!

Last Listed By

Andrew Yaggie

Andrew Yaggie Real Estate Listed on: 03/13/2024

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $160

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 4,530 Sq Ft Lot
  • Lot Dimensions are 50x91
  • Street terminates at a dead end

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,815 Sq Ft Home
  • 1-Story Property
  • Whole House Fan
  • Living Room

Kitchen

  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Boiler Heating System
  • 200+ Amp Service

Additional Features

  • Air Exchanger
  • Patio

Community Details

  • Association fees include hazard insurance, lawn care, ground maintenance, snow removal
  • River Oaks Village Association, Phone Number (701) 570-8827
  • River Oaks Village Community
  • River Oaks Lndg Two Subdivision

Listing and Financial Details

  • Assessor Parcel Number 71004990950000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$160

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$185 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air, Whole House Fan
  • Garage Spaces: 2
  • Accessibility Features: Doors 36"+, Door Lever Handles, No Stairs External, No Stairs Internal
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2024
  • Above Grade Finished Sq Ft: 1815
  • Unit Levels: One
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Basement: None
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Living Area: 1815
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Laundry, Bedroom 1, Bedroom 2, Bathroom, Sun Room

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • CompletionDate: 2024-06-01
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Attached Garage, Concrete
  • Garage Square Feet: 653

Utilities

  • Heating: Boiler, Forced Air, Heat Pump, Radiant Floor
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Ottertail Power

Condo/Co-op/Association

  • HOA Fee Includes: Hazard Insurance, Lawn Care, Other, Maintenance Grounds, Snow Removal
  • Phone: 701-570-8827
  • Association Fee: 185
  • Association: Yes
  • Amenities Unit: Cable,Ethernet Wired,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,In-Ground Sprinkler,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet
  • Community Name: River Oaks Village

Association/Amenities

  • HOA Management Co: River Oaks Village

Schools

  • Junior High Dist: Fergus Falls
  • SchoolDistrictNumber: 544
  • SchoolDistrictPhone: 218-998-0544

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 50x91
  • Lot Size Sq Ft: 4530.24
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Engineered Wood

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 71004990950000
  • Tax Annual Amount: 160
  • TaxWithAssessments: 160.0000

Multi Family

  • Total Units Sold: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Sep 24, 2024
Sold by
Platte Properties Ii Llc
Bought by
Svaren John and Svaren Arlys
Seller's Agent
Andrew Yaggie
Andrew Yaggie Real Estate
Buyer's Agent
Ryan Hanson
Keller Williams Realty Professionals
List Price
$485,000
Sold Price
$480,000
Premium/Discount to List
-$5,000
-1.03%
Total Days on Market
169
Views
99
Current Estimated Value
$464,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,234
Avg. Annual Appreciation
-5.15%
Original Mortgage
$280,000
Outstanding Balance
$278,452
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$186,314

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
Svaren John $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Svaren John $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $480,000 -1.0% $264 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $485,000 -- $267 / 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
2024 $160 $103,500 $10,800 $92,700
2023 $160 $10,800 $10,800 $0
2022 $30 $16,000 $0 $0
2021 $12 $10,800 $10,800 $0
2020 $12 $600 $600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6502410

NorthstarMLS

APN: 71004990950000