Property Details
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This property is located at 1004 West Marion ST in Lake City, MN 55041. It is a residential property with a legal lot number of 28 and a market value of $199,300. The building was built in 1901 and has a living total square footage of 1324. The lot size is 10500.00 square feet with a depth of 150 feet and a width of 70 feet. The property has central cooling and forced air heating and features 3 bedrooms, 1 bathroom, and 2 stories. The last sale date was 03/24/2022 for $185,000.00.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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