NOT LISTED FOR SALE

524 Bluff St NE Hutchinson, MN 55350

Estimated Value: $199,000 - $223,071

4 Beds
2 Baths
1,814 Sq Ft
$114/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $168,000 $93 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,403/month

38 Days on Market

About This Home

As of September 2023

Duplex with extremely attractive cap rate of 11% now available for sale. Recently updated main unit, upper unit updated in 2017 both with separate entrances. Upper unit rented out through June 2024, lower unit open for new renter or ready for owner/occupier.

Last Listed By

Danielle Storm

Norton Realty, Inc Listed on: 07/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,974

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 66x142
  • Few Trees

Home Design

  • Duplex

Interior Spaces

  • 1,814 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Briggs Add Subdivision

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 230840030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,974

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Common Laundry
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 1814
  • Water Sewer Expenses: 1659
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 1814
  • Owner Pays: All Utilities
  • Basement YN: Yes
  • Total Rooms: 6
  • Amenities: Ceiling Fan(s)
  • Appliances: Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Enclosed,Front Porch,Screened

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas
  • Number of Ranges: One

Schools

  • Junior High Dist: Hutchinson
  • SchoolDistrictNumber: 423
  • SchoolDistrictPhone: 320-587-2860

Lot Info

  • Lot Size: 66x142
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 8544.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 230840030
  • Tax Annual Amount: 2974
  • TaxWithAssessments: 2974.0000

Multi Family

  • ElectricExpense: 1283
  • Number Of Refrigerators: One

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Sep 11, 2023
Sold by
Tiger Capital Llc
Bought by
Bolster Brian
Seller's Agent
Danielle Storm
Norton Realty, Inc
Buyer's Agent
Joel Friday
Keller Williams Classic Realty
List Price
$168,000
Sold Price
$168,000
Total Days on Market
38
Views
94
Current Estimated Value
$207,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,268
Avg. Annual Appreciation
13.75%

Purchase Details

Listed on
Oct 7, 2014
Closed on
Jan 15, 2015
Sold by
David O David O
Bought by
Hw Holdings Llc
Buyer's Agent
Janet Valen
Results Support Services, Inc
List Price
$67,000
Sold Price
$58,400
Premium/Discount to List
-$8,600
-12.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.98%

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
Bolster Brian $168,000 --
Hw Holdings Llc -- --
-- $58,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tiger Capital Llc $82
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Sold $168,000 0.0% $93 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/13/2023 08/13/23 For Sale $168,000 0.0% $93 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $168,000 +62.3% $93 / Sq Ft
08/21/2017 08/21/17 Sold $103,500 -18.5% $57 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
06/30/2016 06/30/16 For Sale $127,000 +117.5% $70 / Sq Ft
01/15/2015 01/15/15 Sold $58,400 -12.8% $32 / Sq Ft
12/08/2014 12/08/14 Pending -- -- --
10/07/2014 10/07/14 For Sale $67,000 -- $37 / 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 $2,974 $182,800 $41,300 $141,500
2023 $6,042 $177,000 $41,300 $135,700
2022 $2,974 $170,100 $39,200 $130,900
2021 $2,822 $143,900 $34,300 $109,600
2020 $2,780 $129,500 $31,200 $98,300
2019 $2,418 $123,900 $31,200 $92,700
2018 $2,624 $0 $0 $0
2017 $2,216 $0 $0 $0
2016 $2,126 $0 $0 $0
2015 $1,920 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6400743

NorthstarMLS

APN: 23.084.0030