NOT LISTED FOR SALE

8988 Highway 7 Silver Lake, MN 55381

Estimated Value: $333,000 - $424,000

4 Beds
2 Baths
2,290 Sq Ft
$159/Sq Ft Est. Value

Last Sold January 20, 2015

Last sale price $97,500 $43 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $2,126/month

83 Days on Market

Highlights

  • Barn
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Wood Flooring
  • Bathroom on Main Level
  • Wood Siding

About This Home

As of January 2015

Silver Lake country brick 2 story with 4 bedrooms, m.f. laundry and hardwood floors. 28x60 studio/barn with hardwood floors, heat & AC.

Last Agent to Sell the Property

John Paulsen

Hometown Realty, Inc Listed on: 09/10/2014

Last Buyer's Agent

John Paulsen

Hometown Realty, Inc Listed on: 09/10/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,594

Year Built

  • Built in 1910

Lot Details

  • 4.11 Acre Lot
  • Lot Dimensions are 343x423
  • Property fronts a highway

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2,290 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 2 Bathrooms

Farming

  • Barn

Utilities

  • Forced Air Heating System
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 050260900

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,594

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Hardwood Floors
  • Estimated Number of Acres: 4.11
  • Construction: Previously Owned
  • Foundation Size: 1149
  • Parcel Number: 050260900
  • Potential Short Sale: Yes
  • Projected Closed Date: 01/23/2015
  • Stories: 2 Story
  • Taxes With Assessments: 1594
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Bathroom Description: Main Floor 3/4 Bath, Upper Level Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Living Room, 12x21, On Level: Main
  • Room 2: Dining Room, 11x14, On Level: Main
  • Room 4: Kitchen, 13x15, On Level: Main
  • Room 5: Bedroom, 12x15, On Level: Upper
  • Room 6: Bedroom, 13x15, On Level: Upper
  • Room 7: 9x13, On Level: Upper
  • Room 8: Bedroom, 9x11, On Level: Upper
  • Room 9: Laundry Room, 9x13, On Level: Main
  • Basement Features: Unfinished
  • Finished Above Grade Sq Ft: 2290
  • Total Fin Square Footage: 2290

Exterior Features

  • Frontage Road: Highway
  • Exterior: Brick, Wood
  • Out Buildings: Barn

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Fuel: Electric, Propane - Tank Owned
  • Heat: Forced Air
  • Sewer: Private
  • Water: Private

Schools

  • School District: Glencoe-Silver Lake #2859

Lot Info

  • Estimated Lot Dimensions: 343x423

Building Info

  • Year Built: 1910

Tax Info

  • Year: 2014
  • Tax Value: 1594

MLS Schools

  • School District: Glencoe-Silver Lake #2859

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2015
Sold by
Heuer Dawn Dawn
Bought by
Foley Bruce Bruce
Current Estimated Value
$355,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,800
Outstanding Balance
$81,865
Interest Rate
3.87%
Estimated Equity
$275,631

Purchase Details

Listed on
Sep 10, 2014
Closed on
Jan 20, 2015
Sold by
Bruce J Bruce J
Bought by
Heuer Dawn L
Seller's Agent
John Paulsen
Hometown Realty, Inc
Buyer's Agent
John Paulsen
Hometown Realty, Inc
List Price
$109,900
Sold Price
$97,500
Premium/Discount to List
-$12,400
-11.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.08%

Purchase Details

Closed on
Jan 20, 2014
Sold by
Reide J Reide J and Greseth Melanie D
Bought by
Heuer Bruce J and Heuer Dawn L
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
Foley Bruce Bruce $103,800 --
Heuer Dawn L -- --
Heuer Bruce J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Foley Bruce $38,000
Open Foley Bruce Bruce $103,800
Previous Owner Greseth Reide J $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2015 01/20/15 Sold $97,500 -11.3% $43 / Sq Ft
12/02/2014 12/02/14 Pending -- -- --
09/10/2014 09/10/14 For Sale $109,900 -- $48 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,148 $280,900 $118,600 $162,300
2023 $2,280 $280,900 $118,600 $162,300
2022 $1,934 $272,400 $118,600 $153,800
2021 $1,760 $206,000 $91,300 $114,700
2020 $1,680 $187,400 $91,300 $96,100
2019 $1,490 $176,300 $83,000 $93,300
2018 $1,344 $0 $0 $0
2017 $1,052 $0 $0 $0
2016 $1,400 $0 $0 $0
2015 $1,486 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Paulsen

    Hometown Realty, Inc

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4673608

REALTOR® Association of Southern Minnesota

APN: 05.026.0900

Minnesota Mcleod County Silver Lake 55381

8988 Highway 7, Silver Lake, MN

This home is located at 8988 Highway 7, Silver Lake, MN 55381 since 10 September 2014 and is currently estimated at $364,514, approximately $159 per square foot. This property was built in 1910. 8988 Highway 7 is a home located in McLeod County with nearby schools including Baker Elementary School, Lakeside Elementary School, and Glencoe-Silver Lake Jr. High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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