NOT LISTED FOR SALE

7408 Marlowe Ave NE Elk River, MN 55330

Estimated Value: $507,000 - $529,000

4 Beds
3.5 Baths
2,770 Sq Ft
$187/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $455,000 $164 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,209/month

Highlights

  • Heated Pool
  • Bonus Room
  • 3 Car Attached Garage
  • Rogers Middle School Rated 9+
  • The kitchen features windows
  • Living Room

About This Home

As of November 2022

Custom-built home in Martin Farms! Enjoy the privacy of the wooded backyard. Extra deep garage stallwith walk-in shower for pets or contractor clean-up. Four bedrooms up, formal dining room, spaciousmain-floor office or bedroom, wood floors, updates throughout, and an empty walk-out basement with heated floors awaiting your finishing touches! HOA includes two community pools, basketball court, park, soccer field, gazebo,walking paths with pet stations, and social events throughout the year. Your pick of schools! Busing isavailable to St. Michael/Albertville (OE), several local charter schools, or Prairie ViewElementary/Middle (Rogers HS).

Last Agent to Sell the Property

Anna Burnard

LPT Realty, LLC Listed on: 09/13/2022

LPT Realty, LLC

Last Buyer's Agent

Arika Blazek

Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,234

Year Built

  • Built in 2005

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 75x155x101x182

HOA Fees

  • $43 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Insulated Garage
  • Garage Door Opener

Interior Spaces

  • 2,770 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Bonus Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Drain
  • Basement Storage
  • Natural lighting in basement

Pool

  • Heated Pool

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier

Listing and Financial Details

  • Assessor Parcel Number 118197010020

Community Details

Overview

  • Association fees include professional mgmt, shared amenities
  • First Service Residential Association, Phone Number (952) 277-2700
  • Martin Farms Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,234

Year Built

Built in 2005

Lot Details

0

HOA Fees

$43 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Fee Frequency: Quarterly
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 2770
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Drain Tiled, Other, Concrete, Storage Space, Unfinished, Walkout
  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Living Area: 2770
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Mud Room, Laundry, Primary Bathroom

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: Heated, Shared

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Electric, Electric Vehicle Charging Station(s), Garage Door Opener, Insulated Garage, Storage
  • Garage Square Feet: 806

Utilities

  • Heating: Forced Air, Radiant Floor
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Other, Professional Mgmt, Shared Amenities
  • Phone: 952-277-2700
  • Association Fee: 128
  • Association: Yes
  • Amenities Unit: Ceiling Fan(s),Deck,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Paneled Doors,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

  • Junior High Dist: Elk River
  • SchoolDistrictNumber: 728
  • SchoolDistrictPhone: 763-241-3400

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 75x155x101x182
  • Lot Size Sq Ft: 14549.04
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement, Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 118197010020
  • Tax Annual Amount: 5234
  • TaxWithAssessments: 5142.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Nov 22, 2022
Sold by
Schiebel Valerie
Bought by
Blazek Arika and Blazek Kyle
Seller's Agent
Anna Burnard
LPT Realty, LLC
Buyer's Agent
Arika Blazek
Real Broker, LLC
List Price
$472,000
Sold Price
$455,000
Premium/Discount to List
-$17,000
-3.6%
Current Estimated Value
$518,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,294
Avg. Annual Appreciation
4.64%
Original Mortgage
$409,500
Outstanding Balance
$396,779
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$121,516

Purchase Details

Closed on
Aug 30, 2018
Sold by
St Gelais Andre F and St Gelais Terri L
Bought by
Balzar Valerie M and Balzar Armin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,900
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2006
Sold by
Jms Custom Homes Llc
Bought by
Berg Jeremy M and Berg Michelle A

Purchase Details

Closed on
Apr 13, 2005
Sold by
Martin Farms Development Llc
Bought by
Stellar Homes Llc
Source: Public Records

Range of Values:

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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
Blazek Arika $455,000 --
Balzar Valerie M $322,000 Partners Title
Berg Jeremy M $506,708 --
Stellar Homes Llc $119,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blazek Arika $409,500
Previous Owner Balzar Valerie M $305,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2022 11/30/22 Sold $455,000 -3.6% $164 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $472,000 +87.7% $170 / Sq Ft
08/16/2013 08/16/13 Sold $251,500 +0.6% $95 / Sq Ft View Prior Sale
08/13/2013 08/13/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $249,900 -- $94 / 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
2025 $5,028 $474,400 $105,000 $369,400
2024 $5,778 $458,900 $95,000 $363,900
2023 $5,322 $535,600 $126,000 $409,600
2022 $5,234 $438,400 $90,000 $348,400
2021 $5,142 $381,900 $60,000 $321,900
2020 $5,082 $368,700 $55,000 $313,700
2019 $4,692 $357,300 $0 $0
2018 $4,228 $353,100 $0 $0
2017 $4,076 $319,000 $0 $0
2016 $3,970 $0 $0 $0
2015 $3,926 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6260998

NorthstarMLS

APN: 118-197-010020