$2,000,000
17502 Elmore Avenue
Faribault, MN 55021
MLS# 4076756
Status: Closed



17502 Elmore Avenue, Faribault, MN 55021
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Property Description
PRIME LAKESHORE DEVELOPMENT OPPORTUNITY ON FRENCH LAKE! Possiblity to set up as a Residential Planned Unit Development for future housing and other permitted uses; campground, resort, restaurant. 3300 ft of lakeshore with sandy beach, 115 acres, currently leasing lots for 26 cabins - each lot has it's own parcel number, leasing 79 tillable acres and old farm site rental income, 20 acres woods.

Details
Documents
None
Current Price: $1,705,000
Contract Information
MLS Code: 5035 - SEMN
List Price: $2,000,000
Owner is Agent: No
In Foreclosure: No
Potential Short Sale: No
Lender Owned: No
Auction: No
General Property Information
Current Business Nme: Three Sisters Lakesi
# of Units: 26
For Sale/Lease: For Sale
# of Parking Spaces: 4
Waterfront: Yes
Water Access: Lake
Waterfront Name: French
Approx Nbr of Acres: 876
Aprox Lot Dimensions: Irregular
Location, Tax and Other Information
House Number: 17502
Street: Elmore
Street Abbreviation: Avenue
Postal City: Faribault
County: Rice
State/Province: MN
Zip Code: 55021
Zip + 4: 7780
Legal Description: L1 EX NE.59AC EX & L2 & L3 & NE4 SW4 EX S20AC & EX LEASED LAND ON THIS PARCEL ALSO SEE PARCELS 10-2459-001 THRU 10-2347-
Parcel Number: 1017275001
Township Name: Wells Twp
Tax Classification: Non-Homestead
Tax Year: 2016
Tax Amount: 5196
Assessments: Yes
Assessment Balance: 40
Taxes w/Assessments: 5236
School District: Faribault #656
Directions & Remarks
Directions: From I-35 N take MN-21 N/Shieldsville Blvd to Roberds Lake Blvd, take Left on 11, turn right on 68, turn left on 69, turn right on 175th Street SW, turn left on Elmore Avenue to sign.
Status Change Info
Status: Closed
Pending Date: 2017-10-05
Sold Date: 2017-11-15
Sold Price: 1705000
Square Footage
Main Floor SqFt: 1232
SqFt 2nd Level: 554
Total SqFt: 1786
Waterfront Info
DNR #: 66003800
Lake Acres: 876
Waterfront Frontage: 3300
Lake Maximum Depth: 50
Lake Class: Recreation Dvelopmnt
Lake Chain: No
Road Btwn Wtr & Home: Yes
Hobby Farm
Hobby Farm: No
Aprx Tillable Acres: 79
Apx Wooded Acres: 20.6
Sold Info
Amount of Concession: 425
Type of Sale: None
Desc of Concessions: Closing Costs
Property Features
Air Conditioning: Central
Heat: Forced Air
Fuel: Propane
Current Use: Other
Sewer: Private
Water: Private
Construction: Concrete Block
Exterior: Stucco
Roof: Asphalt Shingles; Other
Parking Charcterstcs: Detached Garage; Driveway - Gravel; Driveway - Shared
Road Frontage: County Highway
Sale Includes: Building; Land; Leases
Terms: Cash; Conventional
Financing: Conventional

Listing Office: LakePlace.com - Rochester

Last Updated: November - 16 - 2017

All the listing data contained in this site is the copyrighted and confidential material of the Southeast Minnesota Association of REALTORS MLS. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Site contains live data. Data is deemed reliable but not guaranteed.

Tuesday 21st of November 2017 02:19 AM