Owner
$56,159
306 W 5TH ST, BLUE EARTH, MN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
5
baths
1
sq. ft.
1,764
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
Garage
1.75 Stories
Unspecified Basement
Forced Air Unit
Wood
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1895
Building Size
1,764 sq ft
Lot Size
10,019 sq ft
Lot Size (Acres)
0.23 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
21.200.7000
County
Faribault County, Minnesota
Metro Area
—
Zoning
201
Neighborhood/Subdivision
—
Lot Number
—
School District
Blue Earth Area Public Schools
Legal Description
ORIGINAL PLAT OF BLUE EARTH BLOCK-069 .24 AC 9 EX TRACT & ALL OF 10
Tax & Value Information
Market Value (Total)
$52,800
Building Value
$38,800
Land Value
$14,000
Annual Property Tax
$540
Tax Assessment Year
2024
Assessed Value
$52,800
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
10/17/2024
Recording Date
10/17/2024
Sales Document #
2024.1706021
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$2,173
Return on Investment
15.60%
After Repair Value
$61,775
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$50,543
Renovation Cost
$2,808
Closing Costs (buying)
$1,011
Holding Costs
$1,533
Selling Costs
$3,706
Total Investment
$13,927
After Repair Value (ARV)
$61,775
Total Costs
$59,602
Estimated Profit
$2,173
Cash Invested
$12,917
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area