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508 Main Street West

508 Main Street West, Clarissa, MN 56440
Property in Clarissa
Sold Aug 17, 2021
$82,000
$79,540 by Central Minnesota Cu
Mortgage
Sold Aug 15, 2017
$62,000
$60,140 by Phh Home Loans Llc
Mortgage
508 Main Street West in Clarissa, MN was first built in 1956 and is 68 years old. This has been categorized as a residential property type. It is a single story home. 508 Main Street West has 748 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 10,343 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. For those who need parking, there is a garage. The garage is 308 sqft. There is one available parking space. 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, 508 Main Street West sold most recently in Aug 16, 2021 for a total of $82,000. If you work out the math, that's approximately a cost of $109.63 per sqft. Before that, the property was also sold for $62,000 in Aug 11, 2017. 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 $840 in taxes each year. 508 Main Street West was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $97,200. If we break it down further, the land itself was valued at $4,600. Improvements to the property, however, were assessed at a total of $92,600. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,343
  • Lot Size Frontage Feet: 0
  • Total Building Area: 748
  • Building Area: 748
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 748
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KEMPS 2ND ADDITION TO CLARISSA 27-131-34
  • Land Acres: 0.237
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KEMP'S 2ND ADDITION TO CLARISSA 27-131-34

Ownership

  • Current Owner : MEYER DEREK B
  • Previous Owner : GAIDA KRISTI N
  • Previous Owner 2: GAIDA JOSEPH
  • Owner Before Previous Owner: PALOKANGAS IRENE E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Eagle Valley Public School District
  • School Tax School District: BROWERVILLE
  • School Tax District Code 2: 87
  • Census Tract: 790300

Geography

  • District: 0787
  • Parcel: 32-0029000
  • Block: 4
  • Lot: 2
  • Municipality: CLARISSA
  • Latitude: 46.1299
  • Longitude: -94.9563

    Address

  • Full Address: 508 Main St W
  • Address - House Number: 508
  • Street Segment Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MN
  • City Name: Clarissa
  • Carrier Code: R021
  • 4-Digit Zip Code: 4503
  • Zip Code: 56440

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $840

    Appraisal Valuation

  • Standard Deviation: 0.2775
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 60
  • Final Value: 113,702
  • High Value: 145,258
  • Low Value: 82,147

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $79,540
  • First Open Lien Mortgage Lender: CENTRAL MINNESOTA CU
  • First Open Lien Mortgage Recording Date: Aug 17, 2021
  • First Open Lien Mortgage Loan Amount: $79,540
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $97,200
  • Market Land Value: $4,600
  • Market Improvement Value: $92,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,200
  • Assessed Land Value: $4,600
  • Assessed Improvements Value: $92,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 16, 2021
  • Current Sale Recording Date: Aug 17, 2021
  • Current Sale Transaction ID: 11854642102
  • Current Sale Price: $82,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 527318
  • Previous Sale Recording Date: Aug 15, 2017
  • Previous Sale Contract Date: Aug 11, 2017
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL MINNESOTA CU
  • First Mortgage Transaction Date: Aug 17, 2021
  • First Mortgage Loan Amount: $79,540
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: PHH HOME LOANS LLC
  • Previous Mortgage Transaction Date: Aug 15, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $60,140
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Clarissa



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Frequently Asked Questions

What neighborhood is 508 Main Street West located in?
The 508 Main Street West is a located in the neighborhood of Clarissa in Clarissa, Clarissa.
What is the average sales price for listings in 508 Main Street West?
The average sales price for units in 508 Main Street West is $0 currently.

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