Seller's Agent in 2023
John Leonard
Real Broker, LLC
(507) 517-4436
1 in this area
266 Total Sales
934 Willow St Faribault, MN 55021
Estimated Value: $171,000 - $244,000
6
Beds
6
Baths
2,686
Sq Ft
$74/Sq Ft
Est. Value
Highlights
- Porch
- Baseboard Heating
- Community Deck or Porch
About This Home
As of October 2023CASH flow! Price is for 3 townhomes and each have their own PID. Great opportunity to own 3 units in one building for rental income. 934 Willow Street is an end unit and both 942 & 946 Willow Street are middle units. Each unit is 2 beds and 1 full bathroom upstairs and 1 quarter bath in the lower level. Opportunity to add more living space in the lower level and expand the quarter bathroom to a 3/4 or full bathroom if desired. Each unit has its own detached garage space(10X24) The roof was replaced by association in 2022. Owner pays association dues of $125 per month, per unit(covers trash, insurance, snow removal & lawn care). Tenants pay all other utilities, including water. Unit 934 could have a 3rd bedroom. Has an egress window and closet framed out but not completed. Other 2 units do not have a lower level egress window. Total Operating expenses per year $8,354 ($3,854 taxes + $4,500 association dues) $40,200 - $8,354 = $31,846 (NOI)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,208
Year Built
- Built in 1968
Lot Details
- Few Trees
- Additional Parcels
Parking
- 3 Car Garage
Interior Spaces
- 2-Story Property
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Outdoor Features
- Porch
Utilities
- Baseboard Heating
- Boiler Heating System
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for insurance, grounds care, snow removal, taxes, trash collection
- Assessor Parcel Number 1806202008
Community Details
Overview
- 3 Units
- Common Interest Cmnty 48 Will Subdivision
Amenities
- Community Deck or Porch
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 20, 2001
Sold by
Winkle August G
Bought by
Deichelbohrer Properties L L C
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Deichelbohrer Properties L L C | $262,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/04/2023 10/04/23 | Sold | $347,500 | +2.2% | $129 / Sq Ft |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- |
| 08/22/2023 08/22/23 | For Sale | $340,000 | -- | $127 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $1,556 | $129,900 | $20,200 | $109,700 |
| 2024 | $1,468 | $122,600 | $20,200 | $102,400 |
| 2023 | $1,428 | $122,600 | $20,200 | $102,400 |
| 2022 | $1,208 | $115,000 | $20,200 | $94,800 |
| 2021 | $1,130 | $90,300 | $10,100 | $80,200 |
| 2020 | $1,088 | $83,700 | $10,100 | $73,600 |
| 2019 | $40 | $82,100 | $10,100 | $72,000 |
| 2018 | $950 | $79,600 | $10,100 | $69,500 |
| 2017 | $950 | $68,400 | $10,100 | $58,300 |
| 2016 | $826 | $66,100 | $10,100 | $56,000 |
| 2015 | $1,316 | $61,100 | $10,100 | $51,000 |
| 2014 | -- | $61,800 | $10,100 | $51,700 |
Source: Public Records
Agents Affiliated with this Home
-
John Leonard
-
Brad Lacher
Seller Co-Listing Agent in 2023
Brad Lacher
Real Broker, LLC
(952) 200-1994
1 in this area
137 Total Sales
-
Rose Watschke
Buyer's Agent in 2023
Rose Watschke
WGRB Properties LLC
(612) 247-1854
2 in this area
5 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6422013
APN: 18.06.2.02.002
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