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10842 55th Street

10842 55th Street, Clear Lake, MN 55319
Property in Palmer
Sold Oct 06, 2020
$325,000
$312,240 by Cmg Mortgage Inc
Mortgage
Sold Oct 20, 2014
$222,200
$218,175 by American Mortgage & Equity Con
Mortgage Due May 01, 2044
Local assessors in Clear Lake, MN have categorized 10842 55th Street 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 1970. The property's lot size has been calculated to be 16,988 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 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. If we look only at the heated or air conditioned part of the building, then 10842 55th Street has a total of 1,427 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 432 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 wood control joints. The building has a hip style roof that was made of composition shingle. Lots of wood 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 air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 16, 2020 for $325,000. That's $227.75 per sqft. Prior to that sales transaction, the property was also sold in May 1, 2014 for $222,200. 10842 55th Street was last assessed in 2023. The total value of the property was assessed at $458,100. Specifically, the land the property is located on was valued at $273,000. While improvements on the property were assessed at a total of $185,100. 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 $3,624. 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: 1962
  • Effective Year Built: 1970
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Wood
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 432
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,988
  • Total Building Area: 1,427
  • Gross Building Area: 1,427
  • Building Area: 1,427
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,427
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDAR POINT
  • Land Acres: 0.39
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 30, BLK 6 & THAT PT OF LOT 29 LYING NELY OF A LINE DRAWN FROM A PT ON SHORE OF RUSH LAKE TO A PT ON SHORE OF BRIGGS LAKE

Ownership

  • Current Owner : GIBBONS MICHAEL
  • Current Owner 2: GIBBONS NANCY
  • Previous Owner : THOMPSON DENISE
  • Previous Owner 2: THOMPSON WILLIAM
  • Owner Before Previous Owner: ANDERSON CONNIE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: St. Cloud Public School District
  • School Tax School District: ST CLOUD
  • School Tax District Code 2: PALMER
  • Census Tract: 030301

Zoning

  • Zoning: A

Geography

  • District: 40
  • Parcel: 40-416-0629
  • Block: 6
  • Lot: 29-30
  • Meridian: SEC 27 TWN 35N RNG 29W
  • Municipality: PALMER TWP
  • Latitude: 45.4916
  • Longitude: -93.9377

    Address

  • Full Address: 10842 55th St
  • Address - House Number: 10842
  • Address - Street Name: 55th
  • Address - Suffix Type: St
  • State: MN
  • City Name: Clear Lake
  • Carrier Code: R004
  • 4-Digit Zip Code: 9700
  • Zip Code: 55319

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,624

    Appraisal Valuation

  • Standard Deviation: 0.1416
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 83
  • Final Value: 488,711
  • High Value: 557,933
  • Low Value: 419,489

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $377,240
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 06, 2020
  • First Open Lien Mortgage Loan Amount: $312,240
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Lender: SPIRE CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Aug 23, 2023
  • Second Open Lien Mortgage Loan Amount: $65,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 15, 2038

    Market Valuation

  • Market Total Value: $458,100
  • Market Land Value: $273,000
  • Market Improvement Value: $185,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $458,100
  • Assessed Land Value: $273,000
  • Assessed Improvements Value: $185,100

    Sales

  • Current Sale Contract Date: Sep 16, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Transaction ID: 11793043824
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 57899
  • Previous Sale Recording Date: Oct 20, 2014
  • Previous Sale Contract Date: May 01, 2014
  • Previous Sale Amount: $222,200
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Oct 06, 2020
  • First Mortgage Loan Amount: $312,240
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN MORTGAGE & EQUITY CON
  • Previous Mortgage Transaction Date: Oct 20, 2014
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $218,175
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2044

About Sherburne



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Frequently Asked Questions

What neighborhood is 10842 55th Street located in?
The 10842 55th Street is a located in the neighborhood of Palmer in Sherburne, Clear Lake.
What is the average sales price for listings in 10842 55th Street?
The average sales price for units in 10842 55th Street is $0 currently.

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