6654 Jeffery Ave S Cottage Grove, MN 55016

4 beds · 3 baths · 2,604 sq ft · Lot Size: 9,653 sq ft · Single Family Home
Est. Property Value: $417,957

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6654 Jeffery Ave S is in the 55016 neighborhood of Cottage Grove, MN. It is located in Washington County and ZIP code 55016. This Single Family Home was built in 2018 and is approximately 7 years old. The single family home spans 2604 sq ft with 4 bedrooms and 3 bathrooms and sits on a 9653 sq ft lot. According to public records, it was last sold in 2018 for $390,000 and has a tax-assessed value of $519,800, which is $161 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 6654 Jeffery Ave S Cottage Grove, MN 55016 with Property Intel by Whitepages.

6654 Jeffery Ave S

Cottage Grove, MN 55016

Neighborhood

Owners & Occupancy for 6654 Jeffery Ave S

No contact information is available.

Occupancy

Resident 1*********************** age 37
Resident 2****************** age 37

Property Financials for 6654 Jeffery Ave S

6654 Jeffery Ave S, Cottage Grove, MN has a mortgage from Dhi Mtg Co Lp (orig. May 03, 2024). The Washington county assessment for 2023 values it at $519,800, with annual taxes of $6,312.

Mortgage & Equity Information

Loan Amount$*****
LenderDhi Mtg Co Lp
Origination DateMay 03, 2024
Interest Rate****%
Term5 Years
Rate TypeFixed
Est Balance$********
Due Date************
Equity View Equity

Property Tax

Purchase DateSeptember 21, 2018
Property Tax Amount$6,312 in 2024
Purchase Price$390,000
Assessed Value$519,800 on 2023

Investment Potential for 6654 Jeffery Ave S

The property has a current estimated value of $417,957, which is 6% above the zip median, based on public records. It last sold on September 21, 2018 for $390K. Projected long-term
is $33,600 annually ($2,800 per month) with a 96% occupancy rate.

Discover more Single Family Homes in 55016.

Long-Term

Gross Rental
$33,600 per year($2,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 55016 zip code
 
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Property Details for 6654 Jeffery Ave S

Property Details

Property Sq Ft

Living Area

2,604 sq ft

12% above market

Lot Size

9,653 sq ft

21% below market

Price Per Sq Ft

Living Area

$161 / sq ft

7% below market

Lot Size Area

$43 / sq ft

35% above market

Property condition, age, exterior, etc. for 6654 Jeffe…
Longitude: -92.918364 Latitude: 44.85298 Parcel Number (APN): 0302721310013…

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Market Benchmarks

Compare data for 6654 Jeffery Ave S in Washington County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$417,957
$410,298
$7,659 (2%)
$475,939
-$57,388 (-12%)
YoY Price Change
1.96%
-80%
Year Built
2018
1987
31 years
Living Space
2,604 sq ft
2,316 sq ft
288 (12%)
$ Per Living Sq Ft
$161
$180
-$19 (-11%)
Lot Size
9,653 sq ft
14,246 sq ft
-4593 (-32%)
$ Per Lot Sq Ft
$43
$28
$15 (54%)

Net Operating Income
$19,241
$510 (3%)
Annual Revenue
$33,600
$31,200
$2,400 (8%)
$11,863
$1,986 (17%)
Net Operating Income
$19,241
$510 (3%)
Cap Rate
4.76%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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