308 2ndMedford, MN 55049

  • Residential income properties
  • 1,625 SF
Off market
$205,500 Estimated

Property Details for 308 2nd

Year built
1968
Property size (Sq ft)
1,625 SF
Property type
Residential income properties
Property subtype
Residential income homes
APN
16-101-3405
APU
161013405

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $331,691
    6.5%
    $306,176
    7%
    $284,307
  • Comparable approach

    Method
    Valuation
    Relative Method
    $128,557
    Geo Method
    $128,557
  • Alternative Use

    Use
    Valuation
    Residential
    $306,176
    Hospitality
    $280,456
    Educational
    $233,336
    Medical
    $241,361
    Retail
    $362,967
308 2nd, Medford, Minnesota
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Location Insight

City
Medford
County
Steele
State
Minnesota
Latitude
44.1712
Longitude
-93.2435
CBSA code
36940
CBSA name
OWATONNA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,844
$22,700
$182,800
$205,500
-
$22,700
$182,800
$205,500

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