NOT LISTED FOR SALE

8121 County Highway 61 Willow River, MN 55795

Estimated Value: $112,351

-- Bed
-- Bath
1,600 Sq Ft
$70/Sq Ft Est. Value

Last Sold December 10, 2015

Last sale price $50,000 $31 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $687/month

167 Days on Market

Highlights

  • Heated Floors
  • Woodwork
  • Hot Water Heating System
  • Business Center
  • Central Air
  • 1-minute walk to Willow River City Park

About This Home

As of December 2015

1600 sq ft building in Willow River, 14 x 28 tongue & groove birch finished, a 25 x 28 cherry & birch finished area, a 1/2 Bth, storage and utility rms. Includes city water & sewer, electric hot water, in floor radiant heat. Wood exterior.

Last Listed By

Bryan Ketchmark

Majestic Pine Realty, Inc. Listed on: 05/27/2015

Property Details

Property Type

  • Other

Year Built

  • Built in 1995

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 99 x 143
  • Property fronts a county road
  • Irregular Lot

Parking

  • Uncovered Parking

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • Woodwork

Flooring

  • Wood
  • Heated Floors

Utilities

  • Central Air
  • Hot Water Heating System
  • Boiler Heating System
  • Radiant Heating System

Community Details

  • 3 Units
  • Business Center

Listing and Financial Details

  • Assessor Parcel Number 475032001

Property Details

Property Type

Other

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Type: Commercial
  • Cooling System: Central
  • Outside Features: Wood
  • Accessibility Features: No Stairs Internal
  • Water Source: City Water/Connected
  • Fuel Type: Natural Gas
  • Numberof Ranges: None
  • Current Use: Vacant
  • Year Built: 1995
  • Assessment Pending Y N: No
  • Building Finished Area: 1600.00
  • Building Finished Area Units: Square Feet
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Inclusions Type: Fixture/Equipment, Land
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 17913
  • Listing Organization: Iowa
  • Parcel Numbers: 475032001
  • Property Sub Type Additional: Apartments and Retail, Business Opportunity, Office
  • Rental License: No
  • Special Features: None
  • Property Sub Type: None

Interior Features

  • Basement: None

Exterior Features

  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway - Gravel, Uncovered/Open
  • Parking Spaces: 10

Utilities

  • Heating: Boiler, Hot Water, In-Floor Heating, Radiant
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Separate, Hot Water Separate

Association/Amenities

  • Property Amenities: Hardwood Floors, Natural Woodwork

Schools

  • School District: 577 - Willow River
  • School District Phone: 218-372-3131

Lot Info

  • Zoning: Business/Commercial
  • Construction: Previously Owned
  • Waterfront YN: No
  • Assessment Pending: No
  • Lot Size: 99 x 143
  • Homestead: No
  • Lot Features: Irregular Lot
  • Lot Size Acres: 0.3200
  • Lot Size Area Units: Square Feet

Rental Info

  • Owner Pays: Electric, Fuel, Insurance, Janitorial, Lawn, Maintenance/Repair, Snow, Taxes, Trash, Water/Sewer

Building Info

  • Units Total: 3.00

Tax Info

  • TaxLegalDescription: S. 40 �?? of Lot 3 and N. 59�?? of Lot 4 Block 3 Town Site of Willow River
  • Tax Amount: 2224.00
  • Tax Year: 2015
  • Tax With Assessments: 2224.00
  • Assessor Parcel Number: 475032001

MLS Schools

  • School District Name: 577 - Willow River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Ketchmark Properties Llc
Bought by
Independent School District No 577
Total Days on Market
167
Current Estimated Value
$112,351

Purchase Details

Closed on
Jun 15, 2022
Sold by
Birch Creek Properties Llc
Bought by
Ketchmark Properties Llc

Purchase Details

Listed on
May 27, 2015
Closed on
Dec 10, 2015
Sold by
Lourey Rebecca Rebecca
Seller's Agent
Bryan Ketchmark
Majestic Pine Realty, Inc.
List Price
$79,000
Sold Price
$50,000
Premium/Discount to List
-$29,000
-36.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
Feb 19, 2007
Sold by
Nemadji Research Corporation
Bought by
Lourey Eugene D and Lourey Rebecca J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,494,656
Interest Rate
6.27%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 4, 2005
Sold by
Mtm Properties Inc
Bought by
Borgstrom Kenneth and Borgstorm Stella

Range of Values:

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Average Value
Not Available
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
Independent School District No 577 $112,000 None Listed On Document
Ketchmark Properties Llc $65,000 None Listed On Document
-- $50,000 --
Lourey Eugene D -- None Available
Borgstrom Kenneth $29,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lourey Rebecca $1,300,000
Previous Owner Lourey Eugene D $1,494,656
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2015 12/10/15 Sold $50,000 -36.7% $31 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $79,000 -- $49 / 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
2024 $770 $113,300 $25,100 $88,200
2023 $868 $58,800 $17,300 $41,500
2022 $1,078 $58,800 $17,300 $41,500
2021 $1,134 $59,300 $17,300 $42,000
2020 $1,156 $59,900 $17,300 $42,600
2019 $1,104 $59,900 $17,300 $42,600
2018 $1,110 $54,800 $14,900 $39,900
2017 $1,518 $54,600 $14,900 $39,700
2016 $2,208 $55,300 $15,600 $39,700
2014 $2,214 $80,600 $15,600 $65,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 4603329

NorthstarMLS

APN: 047.5032.001