NOT LISTED FOR SALE

7616 Palomino Ave NE Elk River, MN 55330

Estimated Value: $276,000 - $351,000

3 Beds
4 Baths
2,009 Sq Ft
$152/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $295,000 $147 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,256/month

45 Days on Market

Highlights

  • Stainless Steel Appliances
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Rogers Senior High School Rated 9+
  • Wet Bar
  • Dining Room

About This Home

As of January 2024

This is a beautifully appointed townhome with 3 bedrooms (and laundry) upstairs, a charming wrap around porch and the rare benefit of a spacious and versatile basement, offer an abundance of possibilities with this ideal living space. The main floor layout is spacious and open with a ton of light creating a feeling of openness and connectivity. The kitchen is a standout feature that sets this unit apart from the rest of the development as it was designed with a focus on maximizing space. It also features stainless steel appliances as well as beautiful, upgraded cabinets. Upstairs is the owner’s suite with vaulted ceilings, a large bath with separate tub & shower and a walk-in closet. The finished lower level includes a large family room, providing extra space for customization and endless possibilities on how this space can be enjoyed. The location is another benefit as the area is filled with parks, trails, shopping and restaurants. All of this protected by a one year home warranty.

Last Agent to Sell the Property

Jeff Shuman

Edina Realty, Inc. Listed on: 11/03/2023

Edina Realty, Inc.

Last Buyer's Agent

Shaun Zaudtke

Edina Realty, Inc.

Edina Realty, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,164

Year Built

  • Built in 2004

Lot Details

  • 2,570 Sq Ft Lot

HOA Fees

  • $263 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Family Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Association fees include hazard insurance, lawn care, ground maintenance, professional mgmt, trash, snow removal
  • Gassen Management Association, Phone Number (952) 922-5575
  • Pheasant Ridge 8Th Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 118185002120

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,164

Year Built

Built in 2004

Lot Details

0

HOA Fees

$263 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Quad/4 Corners
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2004
  • Above Grade Finished Sq Ft: 1485
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Egress Window(s), Finished, Full
  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace Features: Gas, Living Room
  • Living Area: 2009
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 524
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Dining Room, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Bar/Wet Bar Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age 8 Years or Less
  • Fencing: None
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Covered,Front Porch,Wrap Around

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener
  • Garage Square Feet: 480

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Snow Removal
  • Phone: 952-922-5575
  • Association Fee: 263
  • Association: Yes
  • Amenities Unit: Cable,Ceiling Fan(s),Deck,Porch,In-Ground Sprinkler,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Gassen Management

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Irregular
  • Lot Size Sq Ft: 2570.04
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 118185002120
  • Tax Annual Amount: 3164
  • TaxWithAssessments: 3164.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Jan 8, 2024
Sold by
Wessman Daniel
Bought by
Klein Brandon
Seller's Agent
Jeff Shuman
Edina Realty, Inc.
Buyer's Agent
Shaun Zaudtke
Edina Realty, Inc.
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%
Views
205
Current Estimated Value
$305,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,790
Avg. Annual Appreciation
0.70%

Purchase Details

Closed on
Dec 19, 2008
Sold by
Lxx Companies Llc
Bought by
Wessman Carmen M and Wessman Daniel J

Purchase Details

Closed on
Mar 28, 2008
Sold by
Alpine Capital Llc
Bought by
Lxx Companies 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
Klein Brandon $295,000 --
Wessman Carmen M $173,000 --
Lxx Companies Llc $1,550,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2024 01/08/24 Sold $295,000 -1.7% $147 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
11/03/2023 11/03/23 For Sale $300,000 -- $149 / 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 $3,918 $291,100 $45,000 $246,100
2024 $3,918 $280,700 $30,000 $250,700
2023 $3,164 $302,500 $38,500 $264,000
2022 $2,822 $270,500 $35,000 $235,500
2021 $3,728 $218,600 $20,000 $198,600
2020 $3,476 $215,000 $20,000 $195,000
2019 $2,652 $210,600 $0 $0
2018 $2,496 $199,900 $0 $0
2017 $2,436 $189,000 $0 $0
2016 $2,316 $0 $0 $0
2015 $2,168 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6395239

NorthstarMLS

APN: 118-185-002120