Property Details
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This charming residential property, built in 1925, is located at 1216 South Section Avenue in Spring Valley, MN. With a lot size of 89'x225', the house sits on a spacious 20,025 sq ft lot. The cozy home features 2 bedrooms, 1 bathroom, and a living space of 919 sq ft. The property has been well-maintained, with an assessed value of $133,400 and market value of $183,000 in its last sale in 2024. The attached garage adds an additional 288 sq ft and is situated at the back of the property for added convenience.
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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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