731 2nd Ave SW Cambridge, MN 55008
3
Beds
1
Bath
1,124
Sq Ft
7,928
Sq Ft Lot
Highlights
- No HOA
- Hot Water Heating System
- 2-minute walk to Cambridge city park
About This Home
As of August 2024A promising investment opportunity, this home boasts a practical layout with a large open living room, three bedrooms, and a screened-in porch. Its potential lies in its adaptability, making it an ideal choice for investors seeking a property with room for improvement and value appreciation.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,195
Year Built
- Built in 1935
Interior Spaces
- 1,124 Sq Ft Home
- 1.5-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Additional Features
- 7,928 Sq Ft Lot
- Hot Water Heating System
Community Details
- No Home Owners Association
- Congers Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 150480240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2024
Closed on
Aug 30, 2024
Sold by
Bs Rentals Llc
Bought by
Cheney Justyn and Brown Emily
Seller's Agent
Wendy McClure
RE/MAX RESULTS
Buyer's Agent
Jeffrey Rud
RE/MAX RESULTS
List Price
$249,900
Sold Price
$241,900
Premium/Discount to List
-$8,000
-3.2%
Total Days on Market
33
Views
36
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
-$17,547
Avg. Annual Appreciation
-10.06%
Original Mortgage
$241,900
Outstanding Balance
$240,423
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$16,070
Purchase Details
Listed on
Jan 23, 2024
Closed on
Feb 29, 2024
Sold by
Hsr Msp Llc
Bought by
Bs Rentals Llc
Seller's Agent
Danielle Martinez
HOMESTEAD ROAD
Buyer's Agent
Wendy McClure
RE/MAX RESULTS
List Price
$175,000
Sold Price
$130,000
Premium/Discount to List
-$45,000
-25.71%
Views
215
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
246.25%
Original Mortgage
$90,000
Interest Rate
7.22%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 23, 2024
Closed on
Jan 12, 2024
Sold by
Syverson Dale
Bought by
Hsr Msp Llc
Seller's Agent
Danielle Martinez
HOMESTEAD ROAD
Buyer's Agent
Wendy McClure
RE/MAX RESULTS
List Price
$175,000
Sold Price
$130,000
Premium/Discount to List
-$45,000
-25.71%
Views
215
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.22%
Mortgage Type
New Conventional
Map
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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
Similar Home in Cambridge, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $241,900 | -- | |
| Deed | $130,000 | -- | |
| Deed | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $241,900 | New Conventional | |
| Previous Owner | $90,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $241,900 | +0.8% | $147 / Sq Ft |
| 08/02/2024 08/02/24 | Pending | -- | -- | -- |
| 07/22/2024 07/22/24 | Price Changed | $239,900 | -4.0% | $145 / Sq Ft |
| 07/02/2024 07/02/24 | For Sale | $249,900 | +92.2% | $151 / Sq Ft |
| 02/29/2024 02/29/24 | Sold | $130,000 | -18.8% | $116 / Sq Ft |
| 02/26/2024 02/26/24 | Pending | -- | -- | -- |
| 02/21/2024 02/21/24 | Price Changed | $160,000 | -1.5% | $142 / Sq Ft |
| 02/14/2024 02/14/24 | Price Changed | $162,500 | -1.5% | $145 / Sq Ft |
| 02/07/2024 02/07/24 | Price Changed | $165,000 | -2.9% | $147 / Sq Ft |
| 01/31/2024 01/31/24 | Price Changed | $170,000 | -2.9% | $151 / Sq Ft |
| 01/24/2024 01/24/24 | For Sale | $175,000 | -- | $156 / Sq Ft |
Source: NorthstarMLS
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 | $2,266 | $144,600 | $13,900 | $130,700 |
| 2023 | $2,222 | $144,600 | $13,900 | $130,700 |
| 2022 | $2,195 | $134,500 | $13,900 | $120,600 |
| 2021 | $2,178 | $114,300 | $13,900 | $100,400 |
| 2020 | $1,360 | $108,300 | $13,900 | $94,400 |
| 2019 | $1,316 | $93,800 | $0 | $0 |
| 2018 | $568 | $28,100 | $0 | $0 |
| 2016 | $504 | $0 | $0 | $0 |
| 2015 | $496 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Source: NorthstarMLS
MLS Number: 6480525
APN: 15.048.0240
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