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217 SE 1st St
Grand Rapids, MN

217 SE 1st St

$259,000
4 bd • 2 ba • 2,487 sf

This analysis was generated by artificial intelligence on 1/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$259,000

Price/Sq.Ft

$104

Year Built

1935

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This charming 1935 bungalow offers character with original woodwork and flooring. It's situated on a sizable lot with beautifully landscaped gardens, including apple trees and a monarch habitat. The property features a spacious fenced backyard, a playhouse, and a garage overlooking the Mississippi River. The home's location is ideal, being close to parks, trails, and dining options. Recent updates include a high-efficiency natural gas boiler and water heater, enhancing energy efficiency.

The Bad

The property's valuation is slightly below the listing price, which may require negotiations. The home's age (built in 1935) suggests potential maintenance needs or updates that could arise, despite recent improvements.

The Ugly

There are no major red flags; however, the historical transaction history includes foreclosures, which might necessitate a thorough inspection to ensure structural integrity and address any lingering issues.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for families or individuals who appreciate historical homes with character and enjoy gardening or outdoor activities. It's also well-suited for those seeking a peaceful setting near natural amenities and the Mississippi River.

Not For

This property might not be suitable for buyers seeking a modern, low-maintenance home or those who prefer urban settings over natural or rural environments.
Demographics
Area Median Income

$0

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Risk Assessment

Risk Analysis

There are minimal natural disaster risks noted, and the property is not in a flood zone. However, potential buyers should consider the age of the home and the possible need for ongoing maintenance. Property taxes are also a consideration, and buyers should verify the current tax rate and any future changes.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$214,300

-17.3% below list price

Median Price

$245,000

Based on 4 recent sales

Price per Sq.Ft

$97

Comparable Properties

100 SW 8th Avenue, Grand Rapids, MN 55744
Price: $180,000
Sq.Ft: 2,140
Beds/Baths: 3/2
$/Sq.Ft:
$8419.2%
Sale Date: 10/9/2024
806 NE 7th Avenue, Grand Rapids, MN 55744
Price: $172,500
Sq.Ft: 2,144
Beds/Baths: 3/2
$/Sq.Ft:
$8022.7%
Sale Date: 9/10/2024
330 SW 2nd Avenue, Grand Rapids, MN 55744
Price: $245,000
Sq.Ft: 2,032
Beds/Baths: 4/2
$/Sq.Ft:
$12115.8%
Sale Date: 9/23/2024
736 NE 1st Avenue, Grand Rapids, MN 55744
Price: $259,700
Sq.Ft: 2,482
Beds/Baths: 3/3
$/Sq.Ft:
$1050.5%
Sale Date: 10/11/2024

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