NOT LISTED FOR SALE

907 4th St NW Austin, MN 55912

Estimated Value: $233,000 - $275,000

6 Beds
4 Baths
2,676 Sq Ft
$92/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $223,000 $83 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,550/month

57 Days on Market

Highlights

  • Parking Storage or Cabinetry
  • Hot Water Heating System
  • Partially Fenced Property

About This Home

As of August 2024

outstanding 6 bed, 2 bath duplex situated in the heart of Austin, MN. With a massive 2,676 sq ft of living space split between two mirrored units, this property offers unbeatable value and income potential. Separate laundry rooms, garage spaces, and parking. Fully separate utilities allow for tenants to manage their own use. current tenants are on month-to-month leases after fulfilling long-term contracts, presenting a fantastic opportunity for the new owner. live in one unit while collecting rent from the other side. Or, seize this chance to propose new long-term leases at rental rates that are more aligned with today's market. the true prize lies in the duplex's exceptional location directly across from the Mayo Clinic. Residents can walk to work, dining, shopping, and entertainment in minutes, ensuring a steady stream of prospective renters from the hospital's staff and surrounding businesses. This property has demonstrated remarkable tenant stability over recent years.

Last Buyer's Agent

Jacob Smith

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,014

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 68x135
  • Partially Fenced Property
  • Privacy Fence
  • Wood Fence

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Utilities

  • Hot Water Heating System

Community Details

  • 2 Units
  • Woodlawn Park Add Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for grounds care, repairs, taxes
  • Assessor Parcel Number 347901510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,014

Year Built

Built in 1914

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: None
  • Year Built: 1914
  • Above Grade Finished Sq Ft: 2376
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Partially Finished, Storage Space, Tile Shower
  • Living Area: 2676
  • Below Grade Finished Sq Ft: 300
  • Owner Pays: Grounds Care, Repairs, Taxes
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s),Walk-Up Attic
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 9
  • Amenities: Ceiling Fan(s),Walk-Up Attic
  • Appliances: Dishwasher,Range
  • Total Rooms: 9
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt
  • Fencing: Partial, Privacy, Wood
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Assigned, Detached, Asphalt, Garage Door Opener, No Int Access to Dwelling, Storage, Open
  • Carport Spaces: 4
  • Garage Square Feet: 760

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Austin
  • SchoolDistrictNumber: 492
  • SchoolDistrictPhone: 507-460-1900

Lot Info

  • Lot Size: 68x135
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 6271.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 347901510
  • Tax Annual Amount: 3014
  • TaxWithAssessments: 3014.0000

Multi Family

  • TenantPays: All Utilities
  • Resident Manager Expense: 2930
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Aug 20, 2024
Sold by
Passman Benjamin and Passman Amy
Bought by
Alves Bruno
Buyer's Agent
Jacob Smith
eXp Realty
List Price
$259,000
Sold Price
$223,000
Premium/Discount to List
-$36,000
-13.9%
Views
26
Current Estimated Value
$245,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,258
Avg. Annual Appreciation
9.21%
Original Mortgage
$211,850
Outstanding Balance
$209,677
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$35,581

Purchase Details

Closed on
Oct 5, 2021
Sold by
Noser Holdings Llc
Bought by
Passman Benjamin O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2017
Sold by
Noser Britt A and Noser Kelly A
Bought by
Noser Holdings Llc
Source: Public Records

Range of Values:

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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
Alves Bruno $223,000 --
Passman Benjamin O $200,500 Rochester Title
Noser Holdings Llc -- --
Passman Benjamin Benjamin $200,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alves Bruno $211,850
Previous Owner Passman Benjamin O $138,000
Closed Passman Benjamin Benjamin $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $223,000 -13.9% $83 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $259,000 -- $97 / 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 $2,994 $205,000 $32,400 $172,600
2024 $2,994 $207,400 $32,400 $175,000
2023 $2,868 $183,500 $32,400 $151,100
2022 $2,708 $181,900 $32,400 $149,500
2021 $2,424 $147,500 $23,900 $123,600
2020 $2,224 $128,900 $22,200 $106,700
2018 $987 $112,700 $22,200 $90,500
2017 $1,974 $0 $0 $0
2016 $1,772 $0 $0 $0
2015 $1,946 $0 $0 $0
2012 $1,946 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jacob Smith

    Buyer's Agent in 2024

    Jacob Smith

    eXp Realty

    (507) 219-0666

    135 in this area

    195 Total Sales

    Jacob Smith
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Map

Source: NorthstarMLS

MLS Number: 6540217

NorthstarMLS

APN: 34-790-1510

Minnesota Mower County Austin 55912

907 4th St NW, Austin, MN

This home is located at 907 4th St NW, Austin, MN 55912 since 21 May 2024 and is currently estimated at $245,258, approximately $91 per square foot. This property was built in 1914. 907 4th St NW is a home located in Mower County with nearby schools including Sumner Elementary School, Ellis Middle School, and I.J. Holton Intermediate School.

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