506 North 7th Street

506 North 7th Street in Lake City, MN was first built in 1890 and is 134 years old. Although, the building on the property was most recently renovated and altered in 1967. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Georgian style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 506 North 7th Street has 900 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 308 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,420. In total, the area measurement of the land is 7,100 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asphalt. For those who need parking, there is a detached garage. The garage is 384 sqft. There is one available parking space. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of plaster. 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. 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, 506 North 7th Street sold most recently in Jul 8, 2022 for a total of $199,000. If you work out the math, that's approximately a cost of $221.11 per sqft. Before that, the property was also sold for $139,751 in Aug 26, 2019. 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 $1,874 in taxes each year. 506 North 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $138,100. If we break it down further, the land itself was valued at $20,500. Improvements to the property, however, were assessed at a total of $117,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.