220 Reed Avenue

220 Reed Avenue has been categorized by the local assessors in Nelson, MN as a residential type of property. The building on the property was first built in 1914 and is 110 years old. However, we must point out that the home was most recently renovated and altered in 1999. In addition, 220 Reed Avenue has 968 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 30,056 square feet.

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 832 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a porch. The property was last sold in May 31, 2016 for $119,000. That's $122.93 per sqft. 220 Reed Avenue was last assessed in 2023. The total value of the property was assessed at $149,800. Specifically, the land the property is located on was valued at $20,600. While improvements on the property were assessed at a total of $129,200. 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 $1,458. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.