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404 7th Avenue Southwest

404 7th Avenue Southwest, Rice, MN 56367
Property in Rice
Sold Aug 06, 2009
$125,000
$127,500 by Liberty Savings Bank Fsb
Mortgage Due Jun 01, 2039
Sold Dec 01, 2005
$196,000
$156,800 by Pinnacle Financial Corp
Mortgage Due Nov 01, 2035
404 7th Avenue Southwest in Rice, MN was first built in 2005 and is 19 years old. Although, the building on the property was most recently renovated and altered in 2008. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bi-level style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 404 7th Avenue Southwest has 1,135 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 700 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 15,200 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asbestos. For those who need parking, there is a garage. The garage is 792 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of unknown. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 404 7th Avenue Southwest was last sold in Apr 14, 2009 for $125,000. According to our calculations, that's $110.13 per sqft. Prior to that sales transaction, the property was sold for $196,000 in Oct 24, 2005. Current property owners are expected to pay $2,716 in taxes per year. The property on 404 7th Avenue Southwest was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $253,000. To break that down further, the land itself was valued at $27,000. While improvements to the property were assessed at a total of $226,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2008
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Building Style: Bi-level
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asbestos
  • Living Units: 1
  • Floor Cover: Floating floor/laminate
  • Basement Type: Finished improved basement
  • Basement Area: 700
  • Garage Type: Garage
  • Garage Square Area: 792
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,200
  • Total Building Area: 1,135
  • Gross Building Area: 1,135
  • Building Area: 1,135
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,135
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIELD OF DREAMS
  • Land Acres: 0.348
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECT-32 TWP-038 RANGE-031 FIELD OF DREAMS LOT-005 BLOCK-004

Ownership

  • Current Owner : SCHEEL CHRISTOPHER J
  • Previous Owner : BANK OF NEW YORK MELLON TRUST CO
  • Owner Before Previous Owner: DIEHL CONSTRUCTION INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sauk Rapids-Rice Public Schools
  • Census Tract: 020203

Geography

  • District: 1501
  • Parcel: 15.00770.00
  • Block: 4
  • Lot: 5
  • Meridian: SEC 32 TWN 038 RNG 031
  • Municipality: RICE
  • Latitude: 45.7468
  • Longitude: -94.2282

    Address

  • Full Address: 404 7th Ave Sw
  • Address - House Number: 404
  • Street Segment Direction: SW
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Rice
  • Carrier Code: R008
  • 4-Digit Zip Code: 4546
  • Zip Code: 56367

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,716

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Sep 07, 2022
  • Confidence Score: 78
  • Final Value: 278,044
  • High Value: 325,009
  • Low Value: 231,079

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $127,500
  • First Open Lien Mortgage Lender: LIBERTY SAVINGS BANK FSB
  • First Open Lien Mortgage Recording Date: Aug 06, 2009
  • First Open Lien Mortgage Loan Amount: $127,500
  • 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: Jun 01, 2039

    Market Valuation

  • Market Total Value: $253,000
  • Market Land Value: $27,000
  • Market Improvement Value: $226,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $253,000
  • Assessed Land Value: $27,000
  • Assessed Improvements Value: $226,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 14, 2009
  • Current Sale Recording Date: Aug 06, 2009
  • Current Sale Transaction ID: 1092703375
  • Current Sale Price: $125,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1367983
  • Previous Sale Recording Date: Dec 01, 2005
  • Previous Sale Contract Date: Oct 24, 2005
  • Previous Sale Amount: $196,000
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: LIBERTY SAVINGS BANK FSB
  • First Mortgage Transaction Date: Aug 06, 2009
  • First Mortgage Loan Amount: $127,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2039

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE FINANCIAL CORP
  • Previous Mortgage Transaction Date: Dec 01, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $156,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2035

About Rice



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Frequently Asked Questions

What neighborhood is 404 7th Avenue Southwest located in?
The 404 7th Avenue Southwest is a located in the neighborhood of Rice in Rice, Rice.
What is the average sales price for listings in 404 7th Avenue Southwest?
The average sales price for units in 404 7th Avenue Southwest is $0 currently.

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