NOT LISTED FOR SALE

XXXX 48th (Parcel B) St NE Rochester, MN 55906

5.1 Acres
-- Price per Acre
222,156 Sq Ft Lot

Last Sold December 15, 2023

Last sale price $197,500

101 Days on Market

About This Lot

As of December 2023

This 5.1 acre lot provides a unique opportunity for you to build the home you've been dreaming of in a country estate setting. Just off of 48th St NE (which is currently gravel but scheduled for paving in the near future), downtown Rochester is only 15 minutes away. This private road has 3 other home sites, providing a community feel yet plenty of wooded acreage to give a sense of privacy. Schedule your visit today!

Last Agent to Sell the Property

Jason Carey

Re/Max Results Listed on: 08/22/2023

Re/Max Results

Co-Listed By

Tiffany Carey

Re/Max Results

Last Buyer's Agent

Peter Dokken

Re/Max Results

Re/Max Results

Property Details

Property Type

  • Land

Lot Details

  • Additional Parcels
  • Zoning described as Agriculture

Schools

  • Robert Gage Elementary School
  • Dakota Middle School
  • Century High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 731614077190

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Shared Driveway
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Easements

Utilities

  • Utilities: Electricity Connected, None Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Rochester
  • Middle Or Junior School: Dakota
  • SchoolDistrictPhone: 507-328-3000

Lot Info

  • Topography: Other
  • Lot Size: Irregular
  • Land Lease: No
  • Additional Parcels: Yes
  • Zoning Description: Agriculture
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 731614077190
  • Tax Annual Amount: 9806
  • TaxWithAssessments: 9806.0000

MLS Schools

  • Elementary School: Robert Gage
  • HighSchool: Century

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Penz Cory and Penz Hilary
Bought by
Bowman Jenna and Bowman Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$393,155
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2022
Closed on
Jan 10, 2023
Sold by
Penz Cory and Penz Hilary
Bought by
Hoffman Ernest and Miller Hoffman Amanda
Seller's Agent
Lee Fleming
Edina Realty, Inc.
Buyer's Agent
Andrew Norrie
Real Broker, LLC.
List Price
$250,000
Sold Price
$150,000
Premium/Discount to List
-$100,000
-40%

Purchase Details

Listed on
Oct 21, 2022
Closed on
Jan 9, 2023
Sold by
Penz Cory and Penz Hilary
Bought by
Kaus Kari and Kaus Joshua
Seller's Agent
Lee Fleming
Edina Realty, Inc.
Buyer's Agent
Andrew Norrie
Real Broker, LLC.
List Price
$250,000
Sold Price
$150,000
Premium/Discount to List
-$100,000
-40%

Purchase Details

Closed on
Apr 15, 2019
Sold by
Penz Daniel L
Bought by
Penz Cory

Purchase Details

Closed on
Nov 1, 2018
Sold by
Penz Investments Llc
Bought by
Penz Daniel L and Daniel L Penz Revocable Trust

Purchase Details

Closed on
Feb 6, 2007
Sold by
Kruesel Elmer C and Peterson Phyllis O
Bought by
Penz Investment Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Bowman Jenna $450,000 --
Hoffman Ernest $200,000 --
Kaus Kari $150,000 --
Penz Cory -- Title Services Inc
Penz Daniel L $1,496,000 Title Services Inc
Penz Investment Llc $850,000 Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Jenna $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Sold $197,500 -1.3% --
12/02/2023 12/02/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $200,000 0.0% --
11/09/2023 11/09/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $200,000 +33.3% --
01/20/2023 01/20/23 Sold $150,000 0.0% -- View Prior Sale
12/14/2022 12/14/22 Pending -- -- --
11/29/2022 11/29/22 Price Changed $150,000 -40.0% --
10/21/2022 10/21/22 For Sale $250,000 -- --
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
2022 $9,806 $535,400 $458,700 $76,700
2021 $6,916 $531,300 $458,700 $72,600
2020 $9,159 $1,031,300 $1,031,300 $0
2019 $6,100 $1,039,300 $1,039,300 $0
2018 $5,185 $26,400 $26,400 $0
2017 $5,286 $618,700 $618,700 $0
2016 $5,704 $618,700 $618,700 $0
2015 $5,570 $618,700 $618,700 $0
2014 $5,692 $597,700 $597,700 $0
2012 -- $565,400 $565,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Carey

    Seller's Agent in 2023

    Jason Carey

    RE/MAX

    (507) 250-5361

    395 Total Sales

    Jason Carey
    Section Image
  • Lee Fleming

    Seller's Agent in 2023

    Lee Fleming

    Edina Realty, Inc.

    (507) 261-0072

    176 Total Sales

    Lee Fleming
    Section Image
  • Tiffany Carey

    Seller Co-Listing Agent in 2023

    Tiffany Carey

    RE/MAX

    (507) 722-1357

    396 Total Sales

    Tiffany Carey
    Section Image
  • Emily Fleming

    Seller Co-Listing Agent in 2023

    Emily Fleming

    Edina Realty, Inc.

    (507) 261-1277

    113 Total Sales

    Emily Fleming
    Section Image
  • Peter Dokken

    Buyer's Agent in 2023

    Peter Dokken

    RE/MAX

    (507) 251-4151

    95 Total Sales

    Peter Dokken
    Section Image

  • A

    Buyer's Agent in 2023

    Andrew Norrie

    Real Broker, LLC.

    (507) 261-7007

    70 Total Sales

    Andrew Norrie
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6422152

NorthstarMLS

APN: 73.16.14.077190

Minnesota Olmsted County Rochester 55906

XXXX 48th (Parcel B) St NE, Rochester, MN

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