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532 North 7th Street

532 North 7th Street, Montevideo, MN 56265
Property in Montevideo
Sold Jul 27, 2022
$85,000
$187,500 by Citizens Bank Na
Mortgage Due Jul 22, 2027
Sold Jul 22, 2022
$85,000
Local assessors in Montevideo, MN have categorized 532 North 7th Street as a residential type of property. The home was built in 1941 and is 83 years old. The property's lot size has been calculated to be 7,405 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete control joints. The home's a forced air unit is the primary heating source. 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, 532 North 7th Street sold most recently in Jul 22, 2022 for a total of $85,000. If you work out the math, that's approximately a cost of $160.98 per sqft. Before that, the property was also sold for $85,000 in Jul 22, 2022. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $920 in taxes each year. 532 North 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $67,500. If we break it down further, the land itself was valued at $5,800. Improvements to the property, however, were assessed at a total of $61,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1941
  • Effective Year Built: 1941
  • Bedroom Count: 3
  • Construction Type: Concrete
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 528
  • Building Area: 528
  • Building Area Measurement: Base Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: METTLINGS 2ND ADDITION
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: METTLINGS 2ND ADDITION N 1-2 OF CENTRAL 1-3 OF SUBLOT C SUBDIVISION OF BLK 3

Ownership

  • Current Owner : BRETT ERICKSON PROPERTIES LLC
  • Previous Owner : CHERRY CREEK HOLDINGS LLC
  • Owner Before Previous Owner: Cherry Creek Holdings LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Montevideo Public School District
  • Census Tract: 950602

Geography

  • Account Number: 25427
  • District: 70
  • Parcel: 70-290-0326
  • Block: 3
  • Lot: C
  • Municipality: MONTEVIDEO CITY
  • Latitude: 44.95
  • Longitude: -95.7177

    Address

  • Full Address: 532 N 7th St
  • Address - House Number: 532
  • Street Direction: N
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: MN
  • City Name: Montevideo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1608
  • Zip Code: 56265

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $920

    Appraisal Valuation

  • Standard Deviation: 0.2694
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 61
  • Final Value: 78,331
  • High Value: 99,436
  • Low Value: 57,226

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $187,500
  • First Open Lien Mortgage Lender: CITIZENS BANK NA
  • First Open Lien Mortgage Recording Date: Jul 27, 2022
  • First Open Lien Mortgage Loan Amount: $187,500
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jul 22, 2027

    Market Valuation

  • Market Total Value: $67,500
  • Market Land Value: $5,800
  • Market Improvement Value: $61,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,500
  • Assessed Land Value: $5,800
  • Assessed Improvements Value: $61,700

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Transaction ID: 11892825196
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 313056
  • Previous Sale Recording Date: Jul 22, 2022
  • Previous Sale Contract Date: Jul 22, 2022
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS BANK NA
  • First Mortgage Transaction Date: Jul 27, 2022
  • First Mortgage Loan Amount: $187,500
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jul 22, 2027

    Previous Mortgages

  • Previous Mortgage Transaction Date: Jul 22, 2022
  • Previous Mortgage Loan Amount: $85,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Montevideo



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Frequently Asked Questions

What neighborhood is 532 North 7th Street located in?
The 532 North 7th Street is a located in the neighborhood of Montevideo in Montevideo, Montevideo.
What is the average sales price for listings in 532 North 7th Street?
The average sales price for units in 532 North 7th Street is $0 currently.

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