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507 7th Street Northeast

507 7th Street Northeast, Staples, MN 56479
Property in Staples
Sold Apr 27, 2020
$126,000
$120,000 by Brainerd Savings & Loan Assn
Mortgage
Sold Apr 27, 2015
Transfer
$99,500 by First National Bank
Mortgage
507 7th Street Northeast in Staples, MN was first built in 1946 and is 78 years old. This has been categorized as a residential property type. It is a single story home. 507 7th Street Northeast has 140 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 13,696 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 640 sqft. There are a total of 2 available parking spaces. 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. 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, 507 7th Street Northeast sold most recently in Apr 23, 2020 for a total of $126,000. If you work out the math, that's approximately a cost of $900.00 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 $2,044 in taxes each year. 507 7th Street Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $219,700. If we break it down further, the land itself was valued at $11,000. Improvements to the property, however, were assessed at a total of $208,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1946
  • Effective Year Built: 1946
  • Building Count: 2
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Garage
  • Garage Square Area: 640
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,696
  • Lot Size Frontage Feet: 0
  • Total Building Area: 140
  • Building Area: 140
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 140
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEW HAMPTON ADDITION TO STAPLES 1-133-33
  • Land Acres: 0.314
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NEW HAMPTON ADDITION TO STAPLES 1-133-33 LOTS 11 & 12 BLK 5

Ownership

  • Current Owner : NOVAK ALLISON R
  • Previous Owner : SIMONS CHRISTINA M
  • Previous Owner 2: SIMONS TRAVIS
  • Owner Before Previous Owner: MILLER RONALD S
  • Owner Before Previous Owner 2: MCHUGO CATHRINE B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Staples-Motley School District
  • School Tax School District: MOTLEY STAPLES
  • School Tax District Code 2: 02
  • Census Tract: 790100

Geography

  • District: 2170
  • Parcel: 38-0071300
  • Block: 5
  • Lot: 11-12
  • Municipality: STAPLES
  • Latitude: 46.3593
  • Longitude: -94.7909

    Address

  • Full Address: 507 7th St Ne
  • Address - House Number: 507
  • Street Segment Direction: NE
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: MN
  • City Name: Staples
  • Carrier Code: C001
  • 4-Digit Zip Code: 2340
  • Zip Code: 56479

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,044

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 72
  • Final Value: 194,101
  • High Value: 220,373
  • Low Value: 167,828

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $127,400
  • First Open Lien Mortgage Lender: BRAINERD SAVINGS & LOAN ASSN
  • First Open Lien Mortgage Recording Date: Apr 27, 2020
  • 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: V & G DEVELOPMENT CORP
  • Second Open Lien Mortgage Recording Date: Apr 27, 2020
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $7,400
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2030

    Market Valuation

  • Market Total Value: $219,700
  • Market Land Value: $11,000
  • Market Improvement Value: $208,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,700
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $208,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 23, 2020
  • Current Sale Recording Date: Apr 27, 2020
  • Current Sale Transaction ID: 11759936210
  • Current Sale Price: $126,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 519022
  • Previous Sale Recording Date: Apr 27, 2015
  • Previous Sale Contract Date: Apr 13, 2015
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRAINERD SAVINGS & LOAN ASSN
  • First Mortgage Transaction Date: Apr 27, 2020
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK
  • Previous Mortgage Transaction Date: Apr 27, 2015
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $99,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Staples



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Frequently Asked Questions

What neighborhood is 507 7th Street Northeast located in?
The 507 7th Street Northeast is a located in the neighborhood of Staples in Staples, Staples.
What is the average sales price for listings in 507 7th Street Northeast?
The average sales price for units in 507 7th Street Northeast is $0 currently.

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