NOT LISTED FOR SALE

8732 85th St NW Pine Island, MN 55963

Estimated Value: $541,000 - $623,000

4 Beds
2 Baths
2,453 Sq Ft
$234/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $520,000 $212 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,407/month

61 Days on Market

Highlights

  • Multiple Garages
  • Wood Burning Stove
  • No HOA
  • Deck
  • 1 Fireplace
  • Rear Porch

About This Home

As of July 2024

This hidden gem sits on 11+ acres with a fully remodeled home and a 1,728 SF heated workshop located between Pine Island and Rochester. Just a 15 minute drive from downtown Rochester!

The new kitchen features high-end touches like custom Amish cabinetry, quartz countertops and new appliances. There's also a 9-foot island and a gas range.

All four bedrooms are on the main level, including a primary with an en suite bath and walk-in closet.

Outside amenities includes a huge deck with an included hot tub, a large kennel and fenced dog run attached to the workshop, and acres of private land for hiking, hunting or just some elbow room from neighbors. Though there is a gas furnace, the current owners have used the wood boiler as their primary heat source to effectively eliminate their heating bill.

Last Agent to Sell the Property

Brett Boese

Dwell Realty Group LLC Listed on: 04/10/2024

Last Buyer's Agent

Samantha Bell-Sorensen

Edina Realty, Inc.

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,038

Year Built

  • Built in 1974

Lot Details

  • 11.43 Acre Lot
  • Lot Dimensions are 1221x389

Parking

  • 2 Car Attached Garage
  • Multiple Garages
  • Heated Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Wood Burning Stove
  • Family Room
  • Living Room
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Rear Porch

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • 100 Amp Service
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 853422038991

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,038

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1867
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Finished, Partially Finished
  • Living Area: 2453
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 586
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Dining Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Deck, Primary Bathroom, Walk In Closet, Bathroom, Family Room, Workshop, Laundry

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Other Structures: Dog Kennel, Hot Tub, Workshop
  • PatioPorchType: Rear Porch

Garage/Parking

  • Parking Features: Attached Garage, Detached, Gravel, Garage Door Opener, Heated Garage, Multiple Garages
  • Garage Square Feet: 600

Utilities

  • Heating: Forced Air, Fireplace(s), Wood Stove
  • Sewer: Septic System Compliant - Yes
  • Electric: Circuit Breakers, 100 Amp Service, 200+ Amp Service
  • Fuel: Natural Gas,Wood

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Pine Island
  • SchoolDistrictNumber: 255
  • SchoolDistrictPhone: 507-356-4849

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1221x389
  • Lot Size Sq Ft: 497890.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 853422038991
  • Tax Annual Amount: 4038
  • TaxWithAssessments: 4038.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jul 12, 2024
Sold by
Mccain Bethany A and Mccain Jaimie M
Bought by
Reese Miranda R and Reese Matthew L
Seller's Agent
Brett Boese
Dwell Realty Group LLC
Buyer's Agent
Samantha Bell-Sorensen
Edina Realty, Inc.
List Price
$600,000
Sold Price
$520,000
Premium/Discount to List
-$80,000
-13.33%
Views
149
Current Estimated Value
$573,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,621
Avg. Annual Appreciation
8.45%
Original Mortgage
$290,000
Outstanding Balance
$286,563
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$287,058

Purchase Details

Closed on
Sep 18, 2017
Sold by
Ruhnke Joshua D and Ruhnke Jennifer F
Bought by
Mccain Jaime M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,920
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2010
Sold by
Feustel Lyndell J
Bought by
Ruhnke Joshua D and Ruhnke Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
4.36%
Mortgage Type
New Conventional
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
Reese Miranda R $520,000 Rochester Title
Mccain Jaime M $399,900 Rochester Title & Escrow Co
Ruhnke Joshua D $295,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reese Miranda R $290,000
Previous Owner Mccain Jaime M $319,920
Previous Owner Ruhnke Joshua D $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $520,000 -10.3% $212 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $579,900 -3.4% $236 / Sq Ft
04/19/2024 04/19/24 For Sale $600,000 -- $245 / 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 $4,248 $466,600 $109,000 $357,600
2023 $4,078 $456,300 $109,000 $347,300
2022 $4,038 $412,600 $109,000 $303,600
2021 $3,756 $382,000 $109,000 $273,000
2020 $3,916 $370,600 $104,000 $266,600
2019 $3,912 $365,700 $104,000 $261,700
2018 $3,482 $351,800 $104,000 $247,800
2017 $3,404 $315,600 $100,000 $215,600
2016 $3,318 $296,100 $96,800 $199,300
2015 $3,270 $267,400 $95,700 $171,700
2014 $2,712 $269,800 $95,800 $174,000
2012 -- $300,600 $113,683 $186,917
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Brett Boese

    Dwell Realty Group LLC

    (507) 273-1730

    41 Total Sales

    Brett Boese
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Map

Source: NorthstarMLS

MLS Number: 6515921

NorthstarMLS

APN: 85.34.22.038991

Minnesota Olmsted County Pine Island 55963

8732 85th St NW, Pine Island, MN

This home is located at 8732 85th St NW, Pine Island, MN 55963 since 10 April 2024 and is currently estimated at $573,621, approximately $233 per square foot. This property was built in 1974. 8732 85th St NW is a home located in Olmsted County with nearby schools including Pine Island Elementary School and Pine Island Secondary School.

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