NOT LISTED FOR SALE

Estimated Value: $419,095 - $457,000

4 Beds
3 Baths
2,110 Sq Ft
$210/Sq Ft Est. Value

Last Sold November 22, 2022

Last sale price $390,000 $185 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,831/month

101 Days on Market

Highlights

  • 1-Story Property
  • Folwell Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2022

Great opportunity to purchase an income generating property in Rochester! Duplex, Roommates or Multi-Generational. Perfect setup for short term rental or owner occupant scenario. This is your opportunity to build equity fast! Conveniently located near Old SW, close to Soldiers Field, downtown businesses, and Mayo Clinic. Side by side 2 bedroom units with 1 full unfinished basement and one partially finished for extra living space. Fantastic short term rental history.

Last Agent to Sell the Property

Chris Fierst

Edina Realty, Inc. Listed on: 07/08/2022

Edina Realty, Inc.

Co-Listed By

Sarah Fischer Johnson

Edina Realty, Inc.

Last Buyer's Agent

Patricia Hase

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,050

Year Built

  • Built in 1961

Lot Details

  • 0.26

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Schools

  • Folwell Elementary School
  • Willow Creek Middle School
  • Mayo High School

Additional Features

  • Additional Parcels
  • Forced Air Heating System

Community Details

  • 2 Units
  • Baihlys 1St Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, water
  • The owner pays for insurance, grounds care, snow removal, taxes, trash collection
  • Assessor Parcel Number 640233001757

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,050

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Other
  • Year Built: 1961
  • Above Grade Finished Sq Ft: 1610
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,DSL
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Partially Finished
  • Living Area: 2110
  • Fireplace: No
  • Below Grade Finished Sq Ft: 500
  • Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Patio
  • Appliances: Dishwasher,Dryer,Microwave,Range
  • Total Rooms: 5
  • Amenities: Patio
  • Appliances: Dishwasher,Dryer,Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Detached, Asphalt
  • Carport Spaces: 2
  • Garage Square Feet: 484

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Rochester
  • Middle Or Junior School: Willow Creek
  • SchoolDistrictNumber: 535
  • SchoolDistrictPhone: 507-328-3000

Lot Info

  • Lot Size: Irreg
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Some Trees
  • Additional Parcels Description: 640233018752
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 6480.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 640233001757
  • Tax Annual Amount: 4050
  • TaxWithAssessments: 4050.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Water
  • ElectricExpense: 2400
  • FuelExpense: 1920
  • Number Of Refrigerators: Two

MLS Schools

  • Elementary School: Folwell
  • HighSchool: Mayo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Nov 22, 2022
Sold by
Patterson David and Patterson Nancy
Bought by
Mccaw Jodi and Mccaw Eleanor
Seller's Agent
Chris Fierst
Edina Realty, Inc.
Buyer's Agent
Patricia Hase
Coldwell Banker Realty
List Price
$420,000
Sold Price
$390,000
Premium/Discount to List
-$30,000
-7.14%
Current Estimated Value
$443,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,698
Avg. Annual Appreciation
4.60%
Original Mortgage
$312,000
Outstanding Balance
$302,307
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$141,391
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
Mccaw Jodi $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccaw Jodi $312,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $390,000 0.0% $185 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/15/2022 09/15/22 Price Changed $390,000 -2.5% $185 / Sq Ft
08/08/2022 08/08/22 Price Changed $400,000 -4.8% $190 / Sq Ft
07/08/2022 07/08/22 For Sale $420,000 -- $199 / 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 $5,742 $373,500 $97,000 $276,500
2023 $4,860 $350,600 $50,000 $300,600
2022 $4,288 $276,000 $50,000 $226,000
2021 $4,050 $256,500 $50,000 $206,500
2020 $3,972 $242,500 $50,000 $192,500
2019 $3,704 $227,800 $50,000 $177,800
2018 $3,299 $213,900 $50,000 $163,900
2017 $3,096 $201,100 $40,000 $161,100
2016 $2,942 $175,600 $15,000 $160,600
2015 $2,720 $162,400 $15,000 $147,400
2014 $2,188 $158,100 $15,000 $143,100
2012 -- $158,200 $15,000 $143,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6232119

NorthstarMLS

APN: 64.02.33.001757