$236,081 EMV

2 Beds   1 Bath   1,330 Sq. Ft.   Townhome
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Homestead Ave S
Cottage Grove, MN 55016


This Townhome is located at Homestead Ave S, Cottage Grove, MN 55016. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 2 Beds, 1 Bath , 1,330 sqft of living space.
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Status: Inactive
Listing ID: 58492407

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,330
  • Year Built: 1980
  • Source ID: 194024431
  • Day(s) On Site: 216
  • Subdivision: HIGHLAND TOWN HOMES
  • Parcel Number: 08-027-21-11-0021
  • Property Type: Townhouse
  • Recording Date: 08-16-2022
  • Owner Mailing Address: PO BOX 157
  • Document Number: 0004381808

Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Basement Sqft: 924
  • Air Conditioning: YES
  • Fireplaces: PREFAB
  • Exterior Wall Type: VINYL
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: FORCED AIR GAS
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 3,484
  • Year Built: 1980
  • APN: 0802721110021
  • Property Type: Single Family Residence
  • Township: COTTAGE GROVE
  • Living Sqft: 1,330
  • Style: TOWNHOUSE
  • Subdivision: HIGHLAND TOWN HOMES


Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:


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Rental Value

The estimated rental value for Homestead Ave S located in Cottage Grove, MN is $1,320/month. Comparable homes around Homestead Ave S that are rentals have monthly ranges starting as low as $1,251 per month and as high as $1,390 per month. An owner looking to use this property as an investment could bring a return in the area of $1,251 - $1,390 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
04/29/22 06/14/22 Preforeclosure Highland Town Homes Assn


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Homes On This Street
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Homestead Ave S
Cottage Grove, MN 55016

2 Beds   1 Bath   1,330 sq. ft.   Townhome

$236,081 EMV

Status: Inactive Listing ID: 58492407

Property Information

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Public Records

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Property Description

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