NOT LISTED FOR SALE

840 2nd Ave SW Hutchinson, MN 55350

Estimated Value: $280,000 - $315,000

6 Beds
2 Baths
2,200 Sq Ft
$132/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $264,900 $120 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,908/month

1 Day on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Hutchinson Park Elementary School Rated A-

About This Home

As of August 2024

Income producing duplex. Both units beautifully updated. Each unit has LVP flooring, SS appliances, dedicated washers and dryers, upgraded vanities in the bathrooms. New HVAC. First floor apt monthly rent rate is $1933. Upper level apt monthly rent rate is $950. Tenants pay for their heat and electric. Tenants also do the lawn care and snow removal. Two stall attached garage. High visibility location. Across the street from the Crow River. Close to area parks and minutes to downtown Hutchinson.

Last Agent to Sell the Property

Maria Oman

Premier Real Estate Services Listed on: 07/15/2024

Co-Listed By

Brett Oman

Premier Real Estate Services

Last Buyer's Agent

Jonathan Soto

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,396

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 66x150
  • Few Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Deck
  • Forced Air Heating System

Community Details

  • 2 Units
  • Lynn Add Subdivision

Listing and Financial Details

  • The owner pays for grounds care, sewer, snow removal, trash collection
  • Assessor Parcel Number 231160050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,396

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2200
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 2200
  • Owner Pays: Grounds Care, Sewer, Snow Removal, Trash Collection
  • Basement YN: Yes
  • Amenities: Deck
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range,Stainless Steel Appliances

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

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

Schools

  • Junior High Dist: Hutchinson
  • SchoolDistrictPhone: 320-587-2860

Lot Info

  • Lot Size: 66x150
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 8033.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 231160050
  • Tax Annual Amount: 4396
  • TaxWithAssessments: 4396.0000

Multi Family

  • ElectricExpense: 628
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Aug 14, 2024
Sold by
Leluk Properties Llc
Bought by
Cortez Lisardo
Seller's Agent
Maria Oman
Premier Real Estate Services
Buyer's Agent
Jonathan Soto
RE/MAX Results
List Price
$264,900
Sold Price
$264,900
Views
6
Current Estimated Value
$290,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,275
Avg. Annual Appreciation
8.03%
Original Mortgage
$260,101
Outstanding Balance
$257,203
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$32,972

Purchase Details

Closed on
Jun 24, 2022
Sold by
Kreatz Kevin
Bought by
Lee Lucky and Yang Teng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2010
Sold by
Kreatz Debra J
Bought by
Kreatz Kevin R
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
Cortez Lisardo $264,900 --
Lee Lucky $206,500 --
Kreatz Kevin R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortez Lisardo $260,101
Previous Owner Lee Lucky $201,500
Closed Kreatz Kevin R $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $264,900 0.0% $120 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $264,900 -- $120 / 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 $4,570 $258,400 $41,300 $217,100
2023 $4,396 $249,500 $41,300 $208,200
2022 $3,840 $214,500 $39,200 $175,300
2021 $3,640 $185,900 $34,300 $151,600
2020 $4,274 $167,100 $31,100 $136,000
2019 $3,882 $190,500 $31,100 $159,400
2018 $3,746 $0 $0 $0
2017 $3,542 $0 $0 $0
2016 $3,376 $0 $0 $0
2015 $3,052 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6559669

NorthstarMLS

APN: 23.116.0050