Nice House, Small Price, Big Value! 113 E. North Street, Owatonna

Lynn Johnson & Chad Hacker | Coldwell Banker Home Connection | (507) 451-8080 113 E. North street, Owatonna, MN Cute, clean and nicely cared for with newer windows, 3-season porch, 3 bedrooms, oversized single car garage, tidy basement and appliances included. 3BR/1+1BA Single Family House offered at $65,000 Year Built 1916 Sq Footage 1,552 Bedrooms 3 Bathrooms 1 full, 1 partial Floors 3 Parking 1 Car garage Lot Size 5,227 sqft HOA/Maint $0 per month DESCRIPTION Cute, clean and nicely cared for with newer windows, 3-season porch, 3 bedrooms, oversized single car garage, tidy basement and appliances included. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Hardwood floor - Living room - Office/Den - Dining room - Refrigerator - Stove/Oven - Basement - Washer - Dryer - Laundry area - inside - Balcony, Deck, or Patio - Yard OTHER SPECIAL FEATURES - Dining room - Appliances stay - Well cared for - well maintained - Attached oversized garage - Newer windows - 2 baths - 3 bedrooms - Some new flooring - 3 season porch ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info: Lynn Johnson & Chad Hacker Coldwell Banker Home Connection (507) 451-8080 For sale by agent/broker Equal Opportunity Housing Posted: Jun 21, 2010, 11:42am PDT

What's the Real Estate Buzz In Owatonna Minnesota?

Well, we’re two months into 2010 and so far 33 homes have sold in Owatonna. The average sale price of the homes that have sold is $118,175, which is down dramatically from 2009, but we do expect to see that number rise as we add more sales. The homes that have sold have done so in an average time of 88 days on the market. The activity that we’ve seen reflects the influx of investors, first time buyers, and the impact of bank-owned properties on our market.
Right now there are 235 homes for sale on the market at an average list price of $172,262 which shows quite a disparity between what’s available and the homes that have sold. The available homes have been on the market for an average of 173 days – which has lengthened over last year.
It’s vitally important for sellers to be realistic about the market when they are pricing their homes, present their homes in top-notch condition, make any necessary repairs, and create a welcoming, WOW impression for potential buyers.
Buyers are presented with an incredible opportunity – historically low interest rates, plentiful selection of homes, affordable prices, and a tax credit incentive. It’s a great time for buyers – in all price ranges.

What's This $6500 Tax Credit I Hear About?

Q. I'm already a homeowner. If I buy another home after Nov. 6, 2009, to use
as my principal residence, do I have to sell my home to qualify for the
homebuyer tax credit?
A. No. If you meet all of the requirements for the credit, the law does not
require you to sell or otherwise dispose of your current principal residence
to qualify for a credit of up to $6,500 when you buy a replacement home to
use as your principal residence. The requirements are that you must buy, or
enter into a binding contract to buy, the replacement principal residence
after Nov. 6, 2009, and on or before April 30, 2010, and close on the home by
June 30, 2010. Additionally, you must have lived in the same principal
residence for any five-consecutive-year period during the eight-year period
that ended on the date the replacement home is purchased. For example, if you
bought a home on Nov. 30, 2009, the eight-year period would run from Dec. 1,
2001, through Nov. 30, 2009. (11/17/09)