NOT LISTED FOR SALE

8040 Highway 73 Floodwood, MN 55736

Estimated Value: $454,000 - $474,880

3 Beds
2.5 Baths
1,584 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $450,000 $284 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,606/month

80 Days on Market

Highlights

  • Multiple Garages
  • 6,565,363 Sq Ft lot
  • No HOA
  • RV Access or Parking
  • 1 Fireplace
  • Living Room

About This Home

As of July 2023

Beautiful and well maintained property located on 150 acres south of Hibbing! 3 bedrooms / 2 bathrooms / Main floor laundry / Private master bathroom / Large walk-in shower on main floor / Central air conditioning / Tons of outbuildings, including: 3 stall 40x28 heated garage; 2 stall 30x19 garage; 80x40 pole building; 60x50 pole building; 75x40 machine shed; 36x28 camper shed; and more! A rare and exceptional property!

Last Agent to Sell the Property

Greg Perrella

PERRELLA & ASSOCIATES Listed on: 05/01/2023

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $698

Year Built

  • Built in 1936

Lot Details

  • 150.72 Acre Lot
  • Lot Dimensions are 2500x4000

Parking

  • 12 Car Garage
  • Multiple Garages
  • Parking Storage or Cabinetry
  • Heated Garage
  • Garage Door Opener
  • RV Access or Parking

Interior Spaces

  • 1,584 Sq Ft Home
  • 1.5-Story Property
  • 1 Fireplace
  • Family Room
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well

Community Details

  • No Home Owners Association
  • Cedar Valley Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 285001001480

Home Details

Home Type

Single Family

Est. Annual Taxes

$698

Year Built

Built in 1936

Lot Details

0

Parking

12

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 12
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1936
  • Above Grade Finished Sq Ft: 1584
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Crawl Space, Full, Concrete
  • Living Area: 1584
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Laundry

Beds/Baths

  • Total Bedrooms: 3
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 2

Garage/Parking

  • Parking Features: Detached, Gravel, Garage Door Opener, Heated Garage, Multiple Garages, RV Access/Parking, Storage

Utilities

  • Heating: Forced Air
  • Sewer: Mound Septic, Private Sewer, Tank with Drainage Field
  • Fuel: Oil

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Floodwood
  • SchoolDistrictNumber: 698
  • SchoolDistrictPhone: 218-476-2285

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 2500x4000
  • Lot Size Sq Ft: 6565363.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Agriculture
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 285001001480
  • Tax Annual Amount: 698
  • TaxWithAssessments: 698.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jul 21, 2023
Sold by
Bush David and Bush Gloria
Bought by
Rausch Christian and Fike Kaitlin
Seller's Agent
Greg Perrella
PERRELLA & ASSOCIATES
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$450,000
Sold Price
$450,000
Views
83
Current Estimated Value
$464,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,440
Avg. Annual Appreciation
0.76%
Original Mortgage
$360,000
Outstanding Balance
$353,060
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$104,170
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
Rausch Christian $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rausch Christian $360,000
Previous Owner Bush David B $30,000
Previous Owner Bush David D $30,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $450,000 0.0% $284 / Sq Ft
05/01/2023 05/01/23 For Sale $450,000 -- $284 / 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
2023 $896 $257,600 $137,000 $120,600
2022 $698 $251,200 $130,600 $120,600
2021 $534 $233,400 $124,200 $109,200
2020 $552 $214,500 $116,600 $97,900
2019 $276 $214,500 $116,600 $97,900
2018 $282 $196,700 $129,900 $66,800
2017 $270 $196,700 $129,900 $66,800
2016 $286 $194,900 $128,100 $66,800
2015 $450 $168,900 $121,100 $47,800
2014 $450 $168,900 $121,100 $47,800
Source: Public Records

Agents Affiliated with this Home

  • Greg Perrella

    Seller's Agent in 2023

    Greg Perrella

    PERRELLA & ASSOCIATES

    (218) 295-2240

    124 Total Sales

    Greg Perrella
    Section Image

  • N

    Buyer's Agent in 2023

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

Map

Source: NorthstarMLS

MLS Number: 6362944

NorthstarMLS

APN: 285001001480

Minnesota St Louis County Floodwood 55736

8040 Highway 73, Floodwood, MN

This home is located at 8040 Highway 73, Floodwood, MN 55736 since 01 May 2023 and is currently estimated at $464,440, approximately $293 per square foot. This property was built in 1936. 8040 Highway 73 is a home located in St. Louis County with nearby schools including Floodwood Elementary School and Floodwood Secondary School.

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