414 Richard Dr Elko New Market, MN 55054

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4 beds · 3 baths · 2,878 sq ft · Lot Size: 15,246 sq ft · Single Family Home
Est. Property Value: $361,165

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414 Richard Dr is in the 55054 neighborhood of Elko New Market, MN. It is located in Scott County and ZIP code 55054. This Single Family Home was built in 2003 and is approximately 22 years old. The single family home spans 2878 sq ft with 4 bedrooms and 3 bathrooms and sits on a 15246 sq ft lot. According to public records, it was last sold in 2011 for $265,000 and has a tax-assessed value of $422,100, which is $125 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 414 Richard Dr Elko New Market, MN 55054 with Property Intel by Whitepages.

414 Richard Dr

Elko New Market, MN 55054

Owner Info

Owners & Occupancy for 414 Richard Dr

This property is owned by Steve Joseph Rauh. Owner contact information includes 11 phone numbers and 6 email addresses.

Property Owners

OccupationRegional Marketing & Business Development Coordinator, Bolton & Menk, Inc.
Cell Phone(863) ***-****View Cell Phone
Residence*******************
Landline(507) 533-1976
Distance from Property**********
Email Address**********@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 47
Resident 2************ age 44

Property Financials for 414 Richard Dr

414 Richard Dr, Elko New Market, MN has a mortgage (orig. January 22, 2020). The Scott county assessment for 2023 values it at $422,100, with annual taxes of $4,662.

Mortgage & Equity Information

Loan Amount$******
Origination DateJanuary 22, 2020
Interest Rate****%
Term15 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateMay 26, 2011
Property Tax Amount$4,662 in 2024
Purchase Price$265,000
Assessed Value$422,100 on 2023

Investment Potential for 414 Richard Dr

The property has a current estimated value of $361,165, which is 4% above the zip median, based on public records. It last sold on May 26, 2011 for $265K. Projected long-term
is $33,600 annually ($2,800 per month) with a 98% 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
98%in 55054 zip code
 
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Property Details for 414 Richard Dr

Property Details

Property Sq Ft

Living Area

2,878 sq ft

12% above market

Lot Size

15,246 sq ft

3% above market

Price Per Sq Ft

Living Area

$125 / sq ft

6% below market

Lot Size Area

$24 / sq ft

3% above market

Property condition, age, exterior, etc. for 414 Richar…
Longitude: -93.357724 Latitude: 44.566266 Parcel Number (APN): 23-020007-0…

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Market Benchmarks

Compare data for 414 Richard Dr in Scott County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$361,165
$410,298
-$49,133 (-12%)
$475,939
$74,342 (16%)
YoY Price Change
1.96%
-498%
Year Built
2003
1987
16 years
Living Space
2,878 sq ft
2,316 sq ft
562 (24%)
$ Per Living Sq Ft
$125
$180
-$54 (-30%)
Lot Size
15,246 sq ft
14,246 sq ft
1000 (7%)
$ Per Lot Sq Ft
$24
$28
-$4 (-16%)

Net Operating Income
$19,241
$2,568 (13%)
Annual Revenue
$33,600
$31,200
$2,400 (8%)
$11,863
-$72 (-1%)
Net Operating Income
$19,241
$2,568 (13%)
Cap Rate
4.76%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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