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708 Richwood Road

708 Richwood Road, Detroit Lakes, MN 56501
Property in Detroit Lakes
Sold Jan 04, 2022
$3,000
$77,000 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2042
Sold May 10, 2012
$85,500
$87,244 by Primary Residential Mortgage I
Mortgage Due Jun 01, 2042
708 Richwood Road has been categorized by the local assessors in Detroit Lakes, MN as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 708 Richwood Road has 1,024 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 full basement that is 500 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 9,900 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 detached garage for those who require parking. The garage measured 260 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as poor. 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 asphalt. The exterior walls of the building are made of wood. 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 air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. The property was last sold in Nov 17, 2021 for $3,000. That's $2.93 per sqft. Prior to that sales transaction, the property was also sold in May 9, 2012 for $85,500. 708 Richwood Road was last assessed in 2023. The total value of the property was assessed at $107,500. Specifically, the land the property is located on was valued at $29,000. While improvements on the property were assessed at a total of $78,500. 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 $914. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Poor
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Full basement
  • Basement Area: 500
  • Garage Type: Detached
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 9,900
  • Total Building Area: 1,024
  • Building Area: 1,024
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,024
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAAS & HANSON SUB
  • Land Acres: 0.227
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HAAS & HANSON SUB DL LOT 6

Ownership

  • Current Owner : WANG DUSTIN K
  • Previous Owner : MARIE WYMAN ROBYN
  • Owner Before Previous Owner: RUSTEN EVELYN G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Detroit Lakes Public School District
  • Census Tract: 450500

Geography

  • Parcel: 491066000
  • Lot: 6
  • Latitude: 46.8317
  • Longitude: -95.8378

    Address

  • Full Address: 708 Richwood Rd
  • Address - House Number: 708
  • Address - Street Name: Richwood
  • Address - Suffix Type: Rd
  • State: MN
  • City Name: Detroit Lakes
  • Carrier Code: C003
  • 4-Digit Zip Code: 2129
  • Zip Code: 56501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $914

    Appraisal Valuation

  • Standard Deviation: 0.1422
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 71
  • Final Value: 129,676
  • High Value: 148,121
  • Low Value: 111,230

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $77,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jan 04, 2022
  • First Open Lien Mortgage Loan Amount: $77,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2042

    Market Valuation

  • Market Total Value: $107,500
  • Market Land Value: $29,000
  • Market Improvement Value: $78,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,500
  • Assessed Land Value: $29,000
  • Assessed Improvements Value: $78,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Transaction ID: 11882289578
  • Current Sale Price: $3,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 686564
  • Previous Sale Recording Date: May 10, 2012
  • Previous Sale Contract Date: May 09, 2012
  • Previous Sale Amount: $85,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jan 04, 2022
  • First Mortgage Loan Amount: $77,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • Previous Mortgage Transaction Date: May 10, 2012
  • Previous Mortgage Loan Amount: $87,244
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2042

About Detroit Lakes



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Frequently Asked Questions

What neighborhood is 708 Richwood Road located in?
The 708 Richwood Road is a located in the neighborhood of Detroit Lakes in Detroit Lakes, Detroit Lakes.
What is the average sales price for listings in 708 Richwood Road?
The average sales price for units in 708 Richwood Road is $0 currently.

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