NOT LISTED FOR SALE

914 W 3rd St Red Wing, MN 55066

Estimated Value: $342,000 - $431,000

8 Beds
6 Baths
5,063 Sq Ft
$77/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $250,000 $49 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,639/month

48 Days on Market

About This Home

As of July 2016

Ideally located 5-plex with a 7.5% cap-rate. 5-plex is fully leased & has an annual NOI of $20,760. Ideal location for an owner occupant that would like the option to walk to many of the shops and restaurants in Red Wing. 4 car garage & large storage area are not currently generating income. Added revenue from these amenities could increase the returns substantially. Possible C/D available.

NON-RMLS NON-RMLS

Non-MLS Listed on: 04/30/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,692

Year Built

  • Built in 1865

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x142

Parking

  • 4 Car Detached Garage
  • Tuck Under Garage

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Partial Basement

Bedrooms and Bathrooms

  • 8 Bedrooms

Utilities

  • Forced Air Heating System
  • Boiler Heating System

Community Details

Listing and Financial Details

  • Assessor Parcel Number 551750850

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,692

Year Built

Built in 1865

Lot Details

0

Parking

4

Listing Details

  • Type: Multi-Family
  • Outside Features: Vinyl
  • Garage Spaces: 4.00
  • Water Source: City Water/Connected
  • Year Built: 1865
  • Above Grade Finished Sq Ft: 4438.00
  • Above Grade Finished Area Search: 4438.00
  • Above Grade Finished Sq Ft: 4438.00
  • Assessment Pending Y N: No
  • Below Grade Finished Sq Ft: 575.00
  • Below Grade Total Sq Ft: 625.00
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 6192
  • Listing Organization: Iowa
  • Living Area Finished: 5013.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 2634.00
  • Main Level Area Units: Square Feet
  • Parcel Numbers: 551750850
  • Rental License: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial, Stone
  • Living Area: 5063.00
  • Fireplace: No
  • Below Grade Finished Sq Ft: 575.00

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6
  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt Shingles

Garage/Parking

  • Parking Features: Detached Garage, Tuckunder Garage

Utilities

  • Heating: Boiler, Forced Air
  • Sewer: City Sewer/Connected

Schools

  • School District: 256 - Red Wing
  • School District Phone: 651-385-4500

Lot Info

  • Waterfront YN: No
  • Assessment Pending: No
  • Lot Size: 60X142
  • Homestead: No
  • Lot Size Acres: 0.2000
  • Lot Size Area Units: Square Feet

Rental Info

  • Owner Pays: Lawn, Maintenance/Repair, Snow, Trash, Water/Sewer
  • Rental License: Other

Building Info

  • Units Total: 5.00

Tax Info

  • TaxLegalDescription: FREEBORNS ADDITION LOT-003 BLOCK-016 DOC#605349 LOT 3 BLK 16 ID# 5-0720-08300
  • Tax Amount: 4692.00
  • Tax Year: 2016
  • Tax With Assessments: 4692.00
  • Assessor Parcel Number: 551750850

Multi Family

  • Unit Count: 4
  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 256 - Red Wing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2021
Sold by
Fanslow Jill E and Fanslow Jared R
Bought by
32 Holding Llc
Total Days on Market
48
Current Estimated Value
$388,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.23%

Purchase Details

Listed on
Apr 30, 2016
Closed on
Jul 22, 2016
Sold by
Ekdahl Margaret L
Bought by
Fanslow Jared R and Fanslow Jill E
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Nov 11, 2015
Sold by
Ekdahl Clifford J and Ekdahl Margaret L
Bought by
Ekdahl Clifford J and Ekdahl Margaret L

Purchase Details

Closed on
Oct 1, 2007
Sold by
Ekdahl Clifford J and Ekdahl Margaret
Bought by
Schmidt Dean and Ekdahl Karla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.24%
Mortgage Type
Land Contract Argmt. Of Sale

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
32 Holding Llc $317,000 Knight Barry Ttl United Llc
Fanslow Jill E $250,000 Knight Barry Ttl United Llc
Fanslow Jared R -- Attorney
Ekdahl Clifford J -- None Available
Ekdahl Clifford J -- None Available
Schmidt Dean $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 32 Holding Llc $0
Open 32 Holding Llc $100,000
Previous Owner Schmidt Dean $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2016 07/22/16 Sold $250,000 -9.1% $49 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
04/30/2016 04/30/16 For Sale $275,000 -- $54 / 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 -- $413,300 $37,500 $375,800
2023 $5,684 $375,300 $37,500 $337,800
2022 $5,300 $345,800 $37,500 $308,300
2021 $5,196 $292,400 $37,500 $254,900
2020 $5,560 $291,300 $36,000 $255,300
2019 $5,380 $291,300 $36,000 $255,300
2018 $5,068 $285,100 $36,000 $249,100
2017 $5,006 $280,500 $36,000 $244,500
2016 $4,692 $280,600 $36,000 $244,600
2015 $4,718 $275,400 $36,000 $239,400
2014 -- $278,500 $36,000 $242,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST5035840

NorthstarMLS

APN: 55.175.0850