NOT LISTED FOR SALE

825 4th Ave E Shakopee, MN 55379

Estimated Value: $349,000 - $367,000

4 Beds
2 Baths
2,028 Sq Ft
$178/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $359,900 $177 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,268/month

41 Days on Market

About This Home

As of April 2024

Check out this great investment opportunity. Owner only pays taxes and uinsurance. The rest is on the tenant. Long term tenants are the reason for the need for paint and flooring. Seller will be doing a 1031 tax deferred exchange so please include the MLS attached addendum with any purchase agreements presented. 48 hour notice for every showing so please plan accordingly.

Last Agent to Sell the Property

James Swanson

Coldwell Banker Realty Brokerage Phone: 612-309-5339 Listed on: 03/06/2024

Coldwell Banker Realty

Last Buyer's Agent

Tom Fleetham

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,036

Year Built

  • Built in 1986

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Bi-Level Home

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 60 x 142
  • Baseboard Heating

Community Details

  • 2 Units
  • East Shakopee Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, grounds care, water
  • The owner pays for electricity, grounds care, snow removal
  • Assessor Parcel Number 270040741

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,036

Year Built

Built in 1986

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
  • Year Built: 1986
  • Above Grade Finished Sq Ft: 1014
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-309-5339
  • Attribution Contact: 612-309-5339
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Finished, Full
  • Living Area: 2028
  • Below Grade Finished Sq Ft: 1014
  • Owner Pays: Electricity, Grounds Care, Snow Removal
  • Basement YN: Yes
  • Total Rooms: 6
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Detached, Gravel
  • Garage Square Feet: 660
  • Other Parking Spaces: 1

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Electric
  • Number of Ranges: Two

Schools

  • Junior High Dist: Shakopee
  • SchoolDistrictNumber: 720
  • SchoolDistrictPhone: 952-496-5006

Lot Info

  • Lot Size: 60 X 142
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 2400.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 270040741
  • Tax Annual Amount: 3036
  • TaxWithAssessments: 3036.0000

Multi Family

  • TenantPays: All Utilities, Cable TV, Electricity, Grounds Care, Water
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 30, 2024
Sold by
Rp Rentals Llc
Bought by
Martin Vincent
Seller's Agent
James Swanson
Coldwell Banker Realty
Buyer's Agent
Tom Fleetham
Compass
List Price
$349,900
Sold Price
$359,900
Premium/Discount to List
$10,000
2.86%
Views
14
Current Estimated Value
$361,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,910
Avg. Annual Appreciation
0.43%
Original Mortgage
$251,000
Outstanding Balance
$207,386
Interest Rate
6.82%
Mortgage Type
Credit Line Revolving
Estimated Equity
$154,424

Purchase Details

Closed on
Feb 17, 2021
Sold by
A To Z Rentals 1 Llc
Bought by
Rp Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2018
Sold by
Inna Zubikov Alexander and Inna Zubikov
Bought by
A To Z Rentals 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,875
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2018
Sold by
Rindt Gary J
Bought by
Zubkov Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,875
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 1996
Sold by
Johnson Lyle I and Johnson Sharon Y
Bought by
Rindt Gary J
Source: Public Records

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
Martin Vincent $359,900 --
Rp Rentals Llc $297,000 Gcs Title
A To Z Rentals 1 Llc -- None Available
Zubkov Alexander $262,500 Stewart Title Company
Rindt Gary J $121,000 --
-- $297,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Vincent P $251,000
Closed Martin Vincent $251,000
Previous Owner Rp Rentals Llc $222,750
Previous Owner Zubkov Alexander $196,875
Closed -- $294,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $359,900 0.0% $177 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
03/13/2024 03/13/24 Off Market $359,900 -- --
03/06/2024 03/06/24 For Sale $349,900 -- $173 / 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 $3,172 $279,600 $141,900 $137,700
2024 $2,824 $273,100 $141,900 $131,200
2023 $3,036 $263,500 $136,500 $127,000
2022 $2,862 $278,800 $136,500 $142,300
2021 $2,778 $224,900 $107,200 $117,700
2020 $2,732 $214,600 $96,000 $118,600
2019 $2,894 $206,000 $88,800 $117,200
2018 $2,892 $0 $0 $0
2016 $2,688 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6499724

NorthstarMLS

APN: 27-004-074-1