45 Cedar St, Easton, MN 56025
Excellent Investment opportunity
Beautiful house in good condition in an excellent neighborhood.
High average home values and high household income and low unemployment.
1 1/2 story 3 Bedroom , 1 1/2 bathroom 1,060 sq ft Single family house with full basement in a quiet and pleasant neighborhood on a 0.16 acres (7,000 sq ft) lot with detached garage. Most of the rooms are of a decent size.
House area: 1,060 sq ft
Lot dimensions: 50’ x 140 ‘ (7,000 sq ft)
Detached garage dimensions: 14’ x 20’ (280 sq ft)
The property was built in 1947 but later updated and is in good condition.
The property has character and interesting features, these include:
- unusual glass fronted covered porch
- original built in decorative units
- feature chimney/fireplace
- built-in wooden kitchen
- built in closets
- forced air heating with temperature control
- hot water
- extensive storage space with lots of shelfing
- nice bathroom vanity units and enclosed shower
- light fixtures and fittings
- basement bathroom hook up – toilet
- basement kitchen
- nice and private turfed back yard
The property is in generally good condition but have been has been vacant for a while and will mostly only need painting. Externally the property is in good condition, the roof, windows and external siding are all in good condition. The roof is a metal roof which looks like fitted not long ago and in good condition. Internally the property needs mostly painting and some updating.
Tremendous potential: this property is a great investment as it won’t require a lot of expenses before it can be occupied.
Pleasant and quite location:
The property is located in a pleasant and quiet residential neighborhood but close to local facilities and amenities being 1 minute drive from Downtown Easton.
Close cities
Albert Lea, MN: 31 miles
Rochester, MN: 93 miles
Minneapolis- St Paul, MN : 112 miles
Sioux Falls, SD: 155 miles
Local facilities and amenities include:
Restaurants
Juliet's Place (0.1mi), Old Mill Bar & Grill (6.2mi), The Great Escape (6.3mi), Dairy Queen (8.5mi), SUBWAY® Restaurants (8.6mi), Jake's Pizza (8.7mi), Wildcats Bar & Grill (8.8mi), La Tuna (8.8mi).
Coffee
The Bean - Coffee Club (8.8mi)
Bars
Al's Bar of Easton (0.1mi)
Groceries
Wells Marketplace (8.9mi)
Parks
Stokman WMA (7.3mi), Charlotte Hynes WMA (9.2mi), Walnut Lake WMA (9.4mi), Smith WMA (9.5mi), Walnut Lake WMA (9.6mi), Lembke WMA (9.8mi)
Schools
Maple River East Elementary School (4.7mi), Maple River East Middle School (6mi), United South Central Senior High School (8.6mi), St Casimir's School (8.6mi), Covenant Life School (8.7mi)
Shopping
The Silhouette (0.1mi), Casey's General Store (8.6mi)
Entertainment
Kremer House Library & Museum (6.3mi), Wells Depot Museum (8.7mi), Flame Theatre (8.8mi)
Errands
State Bank of Easton (0.1mi), Pioneer Bank (6mi), Nah Lumber (6.3mi), Lampert Lumber (8.7mi), Wells Federal Bank (8.7mi), Queen Employees Credit Union (8.7mi), Wells Drug Co (8.8mi), True Value (8.8mi), Paragon Bank (8.8mi)
(walkscore.com)
Demographics 1,2,3
Total population of zipcode: 507
% White 96.0%
Average household income: $89,593
Average Home Value: $159,470
Unemployment rate: 3.5%
1 https://minnesota.hometownlocator.com/mn/faribault/easton.cfm
2 https://www.bestplaces.net/zip-code/minnesota/easton/56025
3 https://www.unitedstateszipcodes.org/56025/
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The property has excellent capital appreciation and income potential
Average Home Value1: $159,470
Average rent4 for similar properties in this area: $1,000/ month
4 zillow.com
Taxes:
Faribault County, MN - Parcel Tax ID: 242001770
Yearly Tax: $474- Back Taxes: Public records shows 2018 and 2019 taxes due.
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes real estate taxes, liens, bills and encumbrances
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium (Minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment of balance to be made within 5 days of the Auction close.
All bidders to do their due diligence. Property is sold on a Quit Claim deed. Buyer assumes real estate taxes, liens, bills and encumbrances (if any). Buyer is responsible for checking the back tax amounts and any requirements of the building code department directly. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are responsible for fixing building code violations (if any). Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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