Check Availability

1061 Oakwood Road

1061 Oakwood Road, Newport, MN 55055
Property in Newport
Sold Jul 24, 2020
$542,645
$300,000 by M/i Financial Llc
Mortgage Due Aug 01, 2050
1061 Oakwood Road in Newport, MN was first built in 2020 and is 4 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1061 Oakwood Road has 1,866 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,288 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 8,834 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Jul 22, 2020 for $542,645. That's $290.81 per sqft. 1061 Oakwood Road was last assessed in 2022. The total value of the property was assessed at $618,500. Specifically, the land the property is located on was valued at $211,100. While improvements on the property were assessed at a total of $407,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $8,622. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,288
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,834
  • Total Building Area: 1,866
  • Building Area: 1,866
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,866
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAILEY MEADOWS 2ND ADDITION
  • Land Acres: 0.202
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCK 2 LOT 8 SUBDIVISIONCD 3249 SUBDIVISIONNAME BAILEY MEADOWS 2ND ADDITION

Ownership

  • Current Owner : NEWMAN MARGUERITE
  • Current Owner 2: NEWMAN KIM
  • Previous Owner : M I HOMES OF MINNEAPOLIS ST PAUL LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Washington County School District
  • School Tax School District: SO WASHINGTON
  • Census Tract: 071003

Geography

  • Parcel: 30-028-21-21-0018
  • Block: 2
  • Lot: 8
  • Meridian: SEC 30 TWN 28N RNG 21W
  • Municipality: CITY OF NEWPORT
  • Latitude: 44.8875
  • Longitude: -92.9784

    Address

  • Full Address: 1061 Oakwood Rd
  • Address - House Number: 1061
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Rd
  • State: MN
  • City Name: Newport
  • Carrier Code: R010
  • 4-Digit Zip Code: 1838
  • Zip Code: 55055

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $8,622
  • Tax Rate Code Area: 5801 833 S

    Appraisal Valuation

  • Standard Deviation: 0.1477
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 82
  • Final Value: 603,253
  • High Value: 692,374
  • Low Value: 514,133

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: M/I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Jul 24, 2020
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $618,500
  • Market Land Value: $211,100
  • Market Improvement Value: $407,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $618,500
  • Assessed Land Value: $211,100
  • Assessed Improvements Value: $407,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Transaction ID: 11774198236
  • Current Sale Price: $542,645
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4254917

    Last Sale Mortgage

  • First Mortgage Lender: M/I FINANCIAL LLC
  • First Mortgage Transaction Date: Jul 24, 2020
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

About Newport



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1061 Oakwood Road located in?
The 1061 Oakwood Road is a located in the neighborhood of Newport in Newport, Newport.
What is the average sales price for listings in 1061 Oakwood Road?
The average sales price for units in 1061 Oakwood Road is $0 currently.

Quantcast