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1008 South 7th Avenue

1008 South 7th Avenue, Virginia, MN 55792
Property in Virginia
Sold Feb 04, 2015
$152,000
$34,530 by Wells Fargo Bank Na
Mortgage Due May 24, 2049
Local assessors in Virginia, MN have categorized 1008 South 7th Avenue as a residential type of property. The home was built in 1980 and is 44 years old. The property's lot size has been calculated to be 8,744 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1008 South 7th Avenue has a total of 2,186 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home has been utilizing gas for fuel. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1008 South 7th Avenue sold most recently in Nov 17, 2014 for a total of $152,000. If you work out the math, that's approximately a cost of $69.53 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,356 in taxes each year. 1008 South 7th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $198,400. If we break it down further, the land itself was valued at $8,700. Improvements to the property, however, were assessed at a total of $189,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,744
  • Total Building Area: 2,186
  • Gross Building Area: 2,186
  • Building Area: 2,186
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,186
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LENCIS 4TH ADD TO VIRGINIA
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 0002 BLOCK:001 SERIAL #

Ownership

  • Current Owner : PETERSON ROBB A
  • Current Owner 2: PETERSON TINA M
  • Previous Owner : KNABE LORINE JEANETTE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Public School District
  • School Tax School District: 2909
  • Census Tract: 013200

Geography

  • Assessors Map Reference: MB 92
  • Account Number: 983979
  • District: 90
  • Parcel: 090-0092-00020
  • Block: 1
  • Lot: 2
  • Municipality: CITY OF VIRGINIA
  • Latitude: 47.514
  • Longitude: -92.5434

    Address

  • Full Address: 1008 S 7th Ave
  • Address - House Number: 1008
  • Street Direction: S
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Virginia
  • Carrier Code: C005
  • 4-Digit Zip Code: 3151
  • Zip Code: 55792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,356
  • Tax Rate Code Area: CITY OF VI

    Appraisal Valuation

  • Standard Deviation: 0.2709
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 61
  • Final Value: 249,834
  • High Value: 317,534
  • Low Value: 182,135

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $34,530
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 09, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $34,530
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 24, 2049

    Market Valuation

  • Market Total Value: $198,400
  • Market Land Value: $8,700
  • Market Improvement Value: $189,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $198,400
  • Assessed Land Value: $8,700
  • Assessed Improvements Value: $189,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 17, 2014
  • Current Sale Recording Date: Feb 04, 2015
  • Current Sale Transaction ID: 1092855429
  • Current Sale Price: $152,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 954022

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Feb 04, 2015
  • First Mortgage Loan Amount: $121,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2044

About Virginia



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Frequently Asked Questions

What neighborhood is 1008 South 7th Avenue located in?
The 1008 South 7th Avenue is a located in the neighborhood of Virginia in Virginia, Virginia.
What is the average sales price for listings in 1008 South 7th Avenue?
The average sales price for units in 1008 South 7th Avenue is $0 currently.

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