NOT LISTED FOR SALE

1106 1st St Princeton, MN 55371

Estimated Value: $238,403 - $271,000

5 Beds
2 Baths
2,816 Sq Ft
$90/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $195,000 $69 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,732/month

63 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Forced Air Heating System

About This Home

As of February 2022

Great opportunity to own this 2 unit property. Live in one unit and let your tenant help pay your mortgage payment. Great location and easy maintenance investment property.

Last Listed By

Brad Schumacher

Advantage Point Realty Listed on: 10/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,040

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 1x1x1x1
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Duplex

Interior Spaces

  • 2,816 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • 100 Amp Service

Community Details

  • 2 Units
  • Summit Park Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for insurance, grounds care, snow removal, taxes, water
  • Assessor Parcel Number 248000510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,040

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Other, Patio
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2816
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Satellite
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Partial
  • Living Area: 2816
  • Fireplace: No
  • Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes, Water
  • Amenities: City View,Tile Floors,Walk-In Closet
  • Appliances: Dryer,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 3
  • Appliances: Dryer,Range
  • Total Rooms: 2

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Detached, Asphalt, Garage Door Opener
  • Garage Square Feet: 864
  • Garage Door Height: 7
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Princeton
  • SchoolDistrictNumber: 477
  • SchoolDistrictPhone: 763-389-2422

Lot Info

  • Lot Size: 1x1x1x1
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Light, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2020
  • Assessor Parcel Number: 248000510
  • Tax Annual Amount: 4040
  • TaxWithAssessments: 4040.0000

Multi Family

  • TenantPays: Cable TV, Electricity
  • Resident Manager Expense: 600
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2021
Closed on
Apr 7, 2022
Sold by
Hansmann Brenda R
Bought by
Hausmann Brenda R and Peterson Shirley Ann
Seller's Agent
Brad Schumacher
Advantage Point Realty
Buyer's Agent
Mitchell Siemers
Milaca Realty
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%
Total Days on Market
63
Current Estimated Value
$254,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,101
Avg. Annual Appreciation
13.55%
Original Mortgage
$106,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2021
Closed on
Feb 25, 2022
Sold by
Sanford Helen and Sanford Robert
Bought by
Hansmann Brenda
Seller's Agent
Brad Schumacher
Advantage Point Realty
Buyer's Agent
Mitchell Siemers
Milaca Realty
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
3.55%
Mortgage Type
New Conventional

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
Hausmann Brenda R $500 Home Security Abstract & Title
Hansmann Brenda $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hansmann Brenda $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $195,000 -2.5% $69 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
10/18/2021 10/18/21 For Sale $199,900 -- $71 / 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 $3,768 $262,000 $50,000 $212,000
2023 $3,682 $264,000 $34,000 $230,000
2022 $4,114 $242,800 $34,000 $208,800
2021 $4,040 $186,500 $34,000 $152,500
2020 $4,050 $187,200 $30,100 $157,100
2019 $3,666 $175,800 $30,100 $145,700
2018 $3,490 $157,200 $30,100 $127,100
2017 $3,284 $146,500 $29,300 $117,200
2016 $3,392 $0 $0 $0
2015 $2,348 $0 $0 $0
2014 $2,348 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6115679

NorthstarMLS

APN: 24-800-0510