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2362 Teakwood Lane Southwest

2362 Teakwood Lane Southwest, Rochester, MN 55902
Property in Rochester
Sold Aug 19, 2014
$425,000
$403,750 by Bell State Bank & Trust
Mortgage Due Aug 01, 2029
Sold Jul 12, 2012
$375,000
$261,250 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2042
2362 Teakwood Lane Southwest in Rochester, MN was first built in 2008 and is 16 years old. Although, the building on the property was most recently renovated and altered in 2010. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 2362 Teakwood Lane Southwest has 2,687 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 1,284 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 24,263 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a hip style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 864 sqft. There are a total of 3 available parking spaces. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B+. The exterior walls of the home are made of alum/vinyl siding. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 25, 2014 for $425,000. That's $158.17 per sqft. Prior to that sales transaction, the property was also sold in Jul 9, 2012 for $375,000. 2362 Teakwood Lane Southwest was last assessed in 2021. The total value of the property was assessed at $479,500. Specifically, the land the property is located on was valued at $75,000. While improvements on the property were assessed at a total of $404,500. 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 $7,424. 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! 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: 2008
  • Effective Year Built: 2010
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B+
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 1,284
  • Garage Type: Attached
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 24,263
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,687
  • Gross Building Area: 2,687
  • Building Area: 2,687
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,687
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SCENIC OAKS 3RD ADD
  • Land Acres: 0.557
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECT-34 TWP-106 RANGE-014 SCENIC OAKS 3RD ADD LOT-016 BLOCK-002 LOT 16 BLK 2

Ownership

  • Current Owner : LI HU
  • Current Owner 2: ZHU SHIZHEN
  • Previous Owner : BANKS JASON K
  • Previous Owner 2: BANKS LORI A
  • Owner Before Previous Owner: RASMUSSEN CHAD
  • Owner Before Previous Owner 2: RASMUSSEN AMIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rochester Public School District
  • School Tax School District: ROCHESTER
  • School Tax District Code 2: ROCHESTER SCHOO
  • Census Tract: 001203

Geography

  • District: 2303
  • Parcel: 64.34.22.072049
  • Block: 2
  • Lot: 16
  • Meridian: SEC 34 TWN 106 RNG 14
  • Municipality: ROCHESTER CITY
  • Latitude: 43.9488
  • Longitude: -92.4961

    Address

  • Full Address: 2362 Teakwood Ln Sw
  • Address - House Number: 2362
  • Street Segment Direction: SW
  • Address - Street Name: Teakwood
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Rochester
  • Carrier Code: R008
  • 4-Digit Zip Code: 1546
  • Zip Code: 55902

Valuation

    Tax

  • Total Area: 2,727
  • Tax Year: 2023
  • Tax Amount: $7,424

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 83
  • Final Value: 630,982
  • High Value: 720,540
  • Low Value: 541,424

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $403,750
  • First Open Lien Mortgage Lender: BELL STATE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Aug 19, 2014
  • First Open Lien Mortgage Loan Amount: $403,750
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2029

    Market Valuation

  • Market Total Value: $479,500
  • Market Land Value: $75,000
  • Market Improvement Value: $404,500

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $479,500
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $404,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 25, 2014
  • Current Sale Recording Date: Aug 19, 2014
  • Current Sale Transaction ID: 1187048641
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A-1353098
  • Previous Sale Recording Date: Jul 12, 2012
  • Previous Sale Contract Date: Jul 09, 2012
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BELL STATE BANK & TRUST
  • First Mortgage Transaction Date: Aug 19, 2014
  • First Mortgage Loan Amount: $403,750
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2029

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 12, 2012
  • Previous Mortgage Loan Amount: $261,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2042

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Frequently Asked Questions

What neighborhood is 2362 Teakwood Lane Southwest located in?
The 2362 Teakwood Lane Southwest is a located in the neighborhood of Rochester in Rochester, Rochester.
What is the average sales price for listings in 2362 Teakwood Lane Southwest?
The average sales price for units in 2362 Teakwood Lane Southwest is $0 currently.

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