278 E 1st St, Knife River, MN, 55609

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

278 E 1st St, Lake No. 2$234,900

Buyer Closing Credits

$2,789^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

ParkingDetached

Garage3 spaces

Year Built1903

HeatingSteam, Hot Water, Propane

CoolingNone

ViewLake

MLS #6114048

Lot Size0.59 Acres

StatusActive
(ACTIVE)

About 278 E 1st St

A rare opportunity to own this very large garage with an apartment in it! Adding more living space is available with expansion in an oversized garage area. This garage home can only be sold if house sells first. So many possibilities! Seller is currently splitting lots into 2. This will be done at sellers expense

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1903
• Stories: 1
• Living Area: 672 SqFt

Listing Office:

• Office Name: RE/MAX Results
• Listing Agent: Trish Kroening

Interior Features

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 1

Exterior Features

Exterior Information:

• View: Lake

Parking Information:

• Garage Space: 3 spaces
• Attached Garage: No
• Parking: Detached

Lot Features

Lot Information:

• Lot Size: 0.59 Acres

Utilities

Utilities Information:

• Heating: Steam, Hot Water, Propane
• Cooling: None

School Info

Assigned Schools Information:

• Two Harbors Secondary School, Public District Grades 6-12
• Minnehaha Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: Take Hwy 61 to Knife River exit, right (South) onto Central Ave. Left (East) on E 1st St to property on the Right (South).

Price Information

Listing Price Info

Price Summary:

• List Price: $234,900
• Price Per SqFt: $350/SqFt

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Lake No. 2, MN.

Lake No. 2, MN

City

Med. Sold Price

$399.9K

Med. Price/SqFt

$229

Avg. Days On Market

7

# of Sold Homes

1

278 E 1st St vs Lake No. 2

1 DAY ON ROCKET

-6 Days

$234,900

-$165K Less

$350/SqFt

+$120 More

KEY TAKEAWAY

This property is $165K less than the Median Sold Price and $120/SqFt more than other homes in Lake No. 2, MN.

Based on homes sold in May 2024

MLS Details

MLS Information:

• MLS Number: #6114048

Listing Office:

• Office Name: RE/MAX Results
• Listing Agent: Trish Kroening

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2024, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,240

Per Month

Principal & Interest

$1,173

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$771

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Minnesota›Lake County›Lake No. 2›55609›278 E 1st St

This home is located at 278 E 1st St in Knife River, MN and zip code 55609. This 672 square foot home, which was built in 1903, sits on a 0.59 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $234,900.

Lake No. 2, MN housing market in May 2024 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 0 sold below. The number of listings in Lake No. 2, MN increased by 20% between April 2024 and May 2024. The median list price of listings available in May 2024 was $399,900, while the average time on the real estate market was 7 days.

From Rocket Homes Real Estate and based on county public records data.