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223 Norwood Street Southwest

223 Norwood Street Southwest, New London, MN 56273
Property in New London
Sold Jul 09, 2018
$200,000
$120,000 by Lake Region Bank
Mortgage
223 Norwood Street Southwest in New London, MN was first built in 1937 and is 87 years old. This has been categorized as a residential property type. There are a total of 2 floors. 223 Norwood Street Southwest has 1,088 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. In total, the area measurement of the land is 22,036 square feet.

Learn more about the property and building on this page. There is a porch and a patio. For those who need parking, there is a mixed used garage. The garage is 1,296 sqft. There are a total of 5 available parking spaces. 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, 223 Norwood Street Southwest sold most recently in Jul 2, 2018 for a total of $200,000. If you work out the math, that's approximately a cost of $183.82 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 $3,520 in taxes each year. 223 Norwood Street Southwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $254,100. If we break it down further, the land itself was valued at $21,400. Improvements to the property, however, were assessed at a total of $232,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1937
  • Effective Year Built: 1937
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 1,296
  • Parking Space Count: 5
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 22,036
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,088
  • Gross Building Area: 1,088
  • Building Area: 1,088
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,088
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEW LONDON (TOWN OF)
  • Land Acres: 0.505
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NEW LONDON (TOWN OF) PART OF LOTS 6 & 7 & PART OF VACATED 3RD AVE COMM AT NW COR OF BLK 25; TH E ALONG N LINE OF BLK 25 157.1

Ownership

  • Current Owner : VETSCH JEFFREY J
  • Current Owner 2: DYBSETTER ANNE M
  • Previous Owner : PAYNE STEVEN P
  • Previous Owner 2: PAYNE MARIE O
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New London-Spicer School District
  • School Tax School District: 345
  • Census Tract: 780300

Geography

  • Parcel: 60-100-1810
  • Block: 19
  • Lot: 6-7
  • Meridian: SEC 10 TWN 121 RNG 034
  • Municipality: NEW LONDON
  • Latitude: 45.2976
  • Longitude: -94.9464

    Address

  • Full Address: 223 Norwood St Sw
  • Address - House Number: 223
  • Street Segment Direction: SW
  • Address - Street Name: Norwood
  • Address - Suffix Type: St
  • State: MN
  • City Name: New London
  • Carrier Code: R003
  • 4-Digit Zip Code: 8548
  • Zip Code: 56273

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,520

    Appraisal Valuation

  • Standard Deviation: 0.1945
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 74
  • Final Value: 276,785
  • High Value: 330,634
  • Low Value: 222,936

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $170,000
  • First Open Lien Mortgage Lender: LAKE REGION BANK
  • First Open Lien Mortgage Recording Date: Jul 09, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $120,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: UNITED PRAIRE BANK
  • Second Open Lien Mortgage Recording Date: Jan 04, 2022
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 203
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 15, 2039

    Market Valuation

  • Market Total Value: $254,100
  • Market Land Value: $21,400
  • Market Improvement Value: $232,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $254,100
  • Assessed Land Value: $21,400
  • Assessed Improvements Value: $232,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 02, 2018
  • Current Sale Recording Date: Jul 09, 2018
  • Current Sale Transaction ID: 11483828268
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 651802

    Last Sale Mortgage

  • First Mortgage Lender: LAKE REGION BANK
  • First Mortgage Transaction Date: Jul 09, 2018
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About New London



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Frequently Asked Questions

What neighborhood is 223 Norwood Street Southwest located in?
The 223 Norwood Street Southwest is a located in the neighborhood of New London in New London, New London.
What is the average sales price for listings in 223 Norwood Street Southwest?
The average sales price for units in 223 Norwood Street Southwest is $0 currently.

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