1007 Spruce Street

1007 Spruce Street has been categorized by the local assessors in Newport, MN as a residential type of property. The building on the property was first built in 2021 and is 3 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1007 Spruce Street has 1,887 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1007 Spruce Street sold most recently in Sep 7, 2022 for a total of $488,990. If you work out the math, that's approximately a cost of $259.14 per sqft. Before that, the property was also sold for $522,869 in Mar 3, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,632 in taxes each year. 1007 Spruce Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $246,700. If we break it down further, the land itself was valued at $218,900. Improvements to the property, however, were assessed at a total of $27,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.