NOT LISTED FOR SALE

753 Shoreacres Dr Fairmont, MN 56031

Estimated Value: $283,000 - $381,332

3 Beds
2 Baths
2,093 Sq Ft
$165/Sq Ft Est. Value

Last Sold April 13, 2012

Last sale price $162,000 $77 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $2,273/month

270 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Wood Flooring
  • Eat-In Kitchen
  • Deck
  • 2 Car Detached Garage
  • Woodwork

About This Home

As of April 2012

Lake home on beautiful Budd Lake!! This 3 bedroom home boasts many updates. Lots of fresh paint and all but 3 windows have been replaced. Beautiful custom built kitchen cabinets and countertops. Mulligan inch oak flooring throughout the main floor. A free standing wood stove in the living room and patio door to the deck overlooking the lake. Brand new carpet throughout the downstairs with a newer furnace and water heater. There is a new stone walkway on the north side of the home to the back yard. The oversized double garage is heated and has plenty of room for cars and toys! Dont miss the opportunity to own your own lake home!! Owner has a vet exclusion on 2011 taxes. Projected taxes for 2012 are approximately $1942.

Last Agent to Sell the Property

Wendy Emler

CENTURY 21 Northland Realty Listed on: 06/09/2011

Last Buyer's Agent

Karen Mussmann

Countywide-Fairmont

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,714

Year Built

  • 1925

Lot Details

  • Lot Dimensions are 50x164
  • 50 Feet of Waterfront

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 2,093 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 23.211.0100

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,714

Year Built

1925

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Eat-In Kitchen, Hardwood Floors, Natural Woodwork
  • Amenities Exterior: Deck
  • Construction: Previously Owned
  • Parcel Number: 23.211.0100
  • Stories: 1 Story
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1925

Interior Features

  • Dining Room: Eat-In Kitchen
  • Appliances: Dishwasher
  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Living Room, 23x11'9, On Level: Main
  • Room 3: Kitchen, 11'9x13, On Level: Main
  • Room 5: Master Bedroom, 10'3x11'4, On Level: Main
  • Room 6: Bedroom, 7x11'4, On Level: Main
  • Room 7: 11x11, On Level: Basement
  • Room 10: Other, 14x11, On Level: Basement
  • Basement Features: Egress Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Total Fin Square Footage: 2093
  • Total Square Footage: 2093

Exterior Features

  • Waterfront Name: Budd
  • Exterior: Wood
  • Waterfront: Yes
  • Water Frontage: 50

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Fairmont Area #2752

Lot Info

  • Estimated Lot Dimensions: 50x164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2011
Closed on
Apr 13, 2012
Sold by
Schwebke Stephen W and Schwebke Karla K
Bought by
Milbrandt Cory K and Milbrandt Ryan W
Seller's Agent
Wendy Emler
CENTURY 21 Northland Realty
Buyer's Agent
Karen Mussmann
Countywide-Fairmont
List Price
$179,900
Sold Price
$162,000
Premium/Discount to List
-$17,900
-9.95%
Current Estimated Value
$345,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,083
Avg. Annual Appreciation
5.66%
Original Mortgage
$129,600
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

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
Milbrandt Cory K $162,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milbrandt Cory K $32,800
Open Milbrandt Cory K $126,000
Closed Milbrandt Cory K $129,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2012 04/13/12 Sold $162,000 -9.9% $77 / Sq Ft
03/05/2012 03/05/12 Pending -- -- --
06/09/2011 06/09/11 For Sale $179,900 -- $86 / 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 $4,714 $319,800 $85,000 $234,800
2024 $5,124 $366,500 $65,000 $301,500
2023 $4,320 $427,300 $50,000 $377,300
2022 $4,408 $328,100 $42,000 $286,100
2021 $2,448 $306,900 $42,000 $264,900
2020 $2,636 $172,900 $42,000 $130,900
2019 $2,544 $181,500 $42,000 $139,500
2018 $2,584 $184,000 $30,000 $154,000
2017 $2,096 $156,200 $30,000 $126,200
2016 $2,020 $156,400 $30,000 $126,400
2015 $1,861 $160,000 $30,000 $130,000
2013 $2,127 $164,100 $30,000 $134,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4272583

REALTOR® Association of Southern Minnesota

APN: 232110100