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508 Division Street East

508 Division Street East, Buffalo, MN 55313
Property in Buffalo
Sold Dec 09, 2020
$242,000
$193,600 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2051
508 Division Street East has been categorized by the local assessors in Buffalo, MN as a residential type of property. The building on the property was first built in 1988 and is 36 years old. However, we must point out that the home was most recently renovated and altered in 1998. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 508 Division Street East has 1,754 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,280 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 15,071 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a hip style roof made of wood shake/ shingles. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Dec 4, 2020 for $242,000. That's $137.97 per sqft. 508 Division Street East was last assessed in 2023. The total value of the property was assessed at $344,300. Specifically, the land the property is located on was valued at $70,000. While improvements on the property were assessed at a total of $274,300. 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 $3,880. The initial tax year of delinquency was in 2019. 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. 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: 1988
  • Effective Year Built: 1998
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Finished improved basement
  • Basement Area: 1,280
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,071
  • Total Building Area: 1,754
  • Gross Building Area: 1,754
  • Building Area: 1,754
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,754
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAYLORS 3RD ADDN
  • Land Acres: 0.346
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECT-30 TWP-120 RANGE-025 TAYLORS 3RD ADDN BLOCK-003 LT1 &E1/2 OF LT 2 BLK 3 /2 OF LT 2 BLK 3

Ownership

  • Current Owner : OLSON MICHAEL
  • Current Owner 2: OLSON GAYLE
  • Previous Owner : ADAMS RUSSELL S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Buffalo-Hanover-Montrose Public Schools
  • School Tax School District: BUFFALO
  • Census Tract: 100701

Geography

  • Assessors Map Reference: MB 056
  • District: 0301
  • Parcel: 103-056-003020
  • Block: 3,3
  • Lot: 1-2
  • Meridian: SEC 30 TWN 120 RNG 025
  • Municipality: CITY OF BUFFALO
  • Latitude: 45.1718
  • Longitude: -93.8683

    Address

  • Full Address: 508 Division St E
  • Address - House Number: 508
  • Street Segment Direction: E
  • Address - Street Name: Division
  • Address - Suffix Type: St
  • State: MN
  • City Name: Buffalo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1533
  • Zip Code: 55313

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,880
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 301

    Appraisal Valuation

  • Standard Deviation: 0.1825
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 76
  • Final Value: 333,748
  • High Value: 394,665
  • Low Value: 272,832

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $193,600
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Dec 09, 2020
  • First Open Lien Mortgage Loan Amount: $193,600
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $344,300
  • Market Land Value: $70,000
  • Market Improvement Value: $274,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $344,300
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $274,300

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 09, 2020
  • Current Sale Transaction ID: 11809401240
  • Current Sale Price: $242,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1451144

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Dec 09, 2020
  • First Mortgage Loan Amount: $193,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

About Buffalo



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Frequently Asked Questions

What neighborhood is 508 Division Street East located in?
The 508 Division Street East is a located in the neighborhood of Buffalo in Buffalo, Buffalo.
What is the average sales price for listings in 508 Division Street East?
The average sales price for units in 508 Division Street East is $0 currently.

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