1016 2nd Street South

Local assessors in New Ulm, MN have categorized 1016 2nd Street South as a residential type of property. The home was built in 1962 and is 62 years old. It was most recently renovated and altered in 1965. The property's lot size has been calculated to be 4,100 square feet. The linear feet between the front and back of the lot was measured at 500 ft and the front of the lot was measured at 820 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1016 2nd Street South has a total of 1,008 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 attached garage for those who need a place to park their vehicle. The garage on the property is 300 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable or hip style roof that was made of asphalt. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 1016 2nd Street South sold most recently in Aug 28, 2015 for a total of $77,500. If you work out the math, that's approximately a cost of $76.88 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 $1,134 in taxes each year. 1016 2nd Street South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $131,700. If we break it down further, the land itself was valued at $26,000. Improvements to the property, however, were assessed at a total of $105,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.