7865 Padre Cv NE Elk River, MN 55330

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5 beds · 4 baths · 2,940 sq ft · Lot Size: 18,572 sq ft · Single Family Home
Est. Property Value: $453,920

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7865 Padre Cv NE is in the 55330 neighborhood of Elk River, MN. It is located in Wright County and ZIP code 55330. This Single Family Home was built in 2000 and is approximately 25 years old. The single family home spans 2940 sq ft with 5 bedrooms and 4 bathrooms and sits on a 18572 sq ft lot. According to public records, it was last sold in 2018 for $300,000 and has a tax-assessed value of $433,400, which is $154 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7865 Padre Cv NE Elk River, MN 55330 with Property Intel by Whitepages.

7865 Padre Cv NE

Elk River, MN 55330

Owner Info

Owners & Occupancy for 7865 Padre Cv NE

This property is owned by Jacob D Schumacher. Owner contact information includes 7 phone numbers and 7 email addresses.

Property Owners

OccupationVice President, Cellular Concrete Inc.
Cell Phone(320) ***-****View Cell Phone
Residence*************
Landline(219) 763-3330
Distance from Property**********
Email Address***********@yahoo.comView Email
Cell Phone(630) ***-****View Cell Phone
Residence*************
Landline(630) 307-7294
Distance from Property**********
Email Address*******@fuse.netView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 39
Resident 2****************** age 41

Property Financials for 7865 Padre Cv NE

7865 Padre Cv NE, Elk River, MN has a mortgage from Us Bk Na (orig. March 09, 2021). The Wright county assessment for 2023 values it at $433,400, with annual taxes of $4,534.

Mortgage & Equity Information

Loan Amount$******
LenderUs Bk Na
Origination DateMarch 09, 2021
Interest Rate****%
Term15 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateSeptember 28, 2018
Property Tax Amount$4,534 in 2023
Purchase Price$300,000
Assessed Value$433,400 on 2023

Investment Potential for 7865 Padre Cv NE

The property has a current estimated value of $453,920, which is 18% above the zip median, based on public records. It last sold on September 28, 2018 for $300K. Projected long-term
is $33,600 annually ($2,800 per month) with a 95% occupancy rate.

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Long-Term

Gross Rental
$33,600 per year($2,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 55330 zip code
 
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Property Details for 7865 Padre Cv NE

Property Details

Property Sq Ft

Living Area

2,940 sq ft

17% above market

Lot Size

18,572 sq ft

18% below market

Price Per Sq Ft

Living Area

$154 / sq ft

3% above market

Lot Size Area

$24 / sq ft

52% above market

Property condition, age, exterior, etc. for 7865 Padre…
Longitude: -93.577342 Latitude: 45.264089 Parcel Number (APN): 118-068-001050…

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Market Benchmarks

Compare data for 7865 Padre Cv NE in Wright County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$453,920
$410,298
$43,622 (11%)
YoY Price Change
1.96%
-314%
Year Built
2000
1987
13 years
Living Space
2,940 sq ft
2,316 sq ft
624 (27%)
$ Per Living Sq Ft
$154
$180
-$25 (-14%)
Lot Size
18,572 sq ft
14,246 sq ft
4326 (30%)
$ Per Lot Sq Ft
$24
$28
-$4 (-13%)

Net Operating Income
$19,241
$2,030 (11%)
Annual Revenue
$33,600
$31,200
$2,400 (8%)
$11,863
$466 (4%)
Net Operating Income
$19,241
$2,030 (11%)
Cap Rate
4.76%
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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