NOT LISTED FOR SALE

272 Spirit Ave NW Wilton, MN 56601

Estimated Value: $233,000 - $502,000

7 Beds
4 Baths
5,000 Sq Ft
$69/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $210,000 $42 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,327/month

29 Days on Market

About This Home

As of December 2021

5-plex apartment with high visibility location just off of Hwy 2 makes it easy to find tenants. All the units are occupied. Cash flows nicely. There are three 2-bedroom units, and two 1-bedroom units. City of Wilton does not require a rental permit. New singles installed 6 years ago. Contact listing agent for the income and rental history.

Last Listed By

Doug & Melissa Hoover

Counselor Realty of Bemidji Listed on: 10/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,888

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 110x210

Home Design

  • Slab Foundation

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Baseboard Heating
  • Private Water Source

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 870001900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,888

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Apartment
  • Accessibility Features: None
  • Water Source: Private
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 5000
  • Water Sewer Expenses: 2432
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Living Area: 5000
  • Fireplace: No
  • Basement YN: No
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 4
  • Appliances: Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 7

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 0
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Baseboard
  • Sewer: Private Sewer
  • Fuel: Electric

Schools

  • Junior High Dist: Bemidji
  • SchoolDistrictNumber: 31
  • SchoolDistrictPhone: 218-333-3100

Lot Info

  • Lot Size: 110x210
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 19622.9000

Tax Info

  • Tax Year: 2020
  • Assessor Parcel Number: 870001900
  • Tax Annual Amount: 3888
  • TaxWithAssessments: 3888.0000

Multi Family

  • ElectricExpense: 2432
  • FuelExpense: 2431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Dec 6, 2021
Sold by
Scales James R and Scales Kimberlee A
Bought by
Red Lake Bank Of Chippewa Indians
Seller's Agent
Doug & Melissa Hoover
Counselor Realty of Bemidji
Buyer's Agent
Doug & Melissa Hoover
Counselor Realty of Bemidji
List Price
$224,900
Sold Price
$210,000
Premium/Discount to List
-$14,900
-6.63%
Total Days on Market
29
Current Estimated Value
$346,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,940
Avg. Annual Appreciation
16.26%

Purchase Details

Listed on
May 25, 2016
Closed on
Jul 26, 2016
Bought by
Scales James James
Seller's Agent
Doug & Melissa Hoover
Counselor Realty of Bemidji
Buyer's Agent
Doug & Melissa Hoover
Counselor Realty of Bemidji
List Price
$209,000
Sold Price
$142,800
Premium/Discount to List
-$66,200
-31.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%

Purchase Details

Listed on
Mar 20, 2014
Closed on
Aug 31, 2015
Sold by
Sonneman David David
Seller's Agent
Doug & Melissa Hoover
Counselor Realty of Bemidji
Buyer's Agent
Doug & Melissa Hoover
Counselor Realty of Bemidji
List Price
$172,750
Sold Price
$172,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-18.88%

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
Red Lake Bank Of Chippewa Indians $210,000 Leer Title Services
Scales James James $142,800 --
-- $172,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scales James R $133,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $210,000 -6.6% $42 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $224,900 +57.5% $45 / Sq Ft
07/27/2016 07/27/16 Sold $142,800 -31.7% $29 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $209,000 +21.0% $42 / Sq Ft
08/31/2015 08/31/15 Sold $172,750 0.0% $35 / Sq Ft
08/01/2015 08/01/15 Pending -- -- --
03/20/2014 03/20/14 For Sale $172,750 -- $35 / 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 $4,742 $359,600 $9,600 $350,000
2023 $4,742 $359,600 $9,600 $350,000
2022 $4,222 $314,700 $9,600 $305,100
2021 $4,074 $251,700 $9,600 $242,100
2019 $3,780 $241,900 $9,600 $232,300
2018 $3,610 $223,500 $9,600 $213,900
2016 $3,196 $201,200 $9,600 $191,600
2015 $3,030 $193,200 $0 $0
2014 $2,962 $191,200 $0 $0
2011 $3,038 $195,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6112722

NorthstarMLS

APN: 87.00019.00