Owatonna, MN Real Estate News

By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
What's the Real Estate Buzz in Owatonna? Things were picking up in April and early May.  The outlook is brighter with increased activity.  It seems that our spring market is about a month behind - just like our spring weather.  We're predicting that first time home buyers will be the mainstay of this market, along with buyers relocating into Owatonna for their jobs.  According to my lending expert Brenda Bednar (through Advisor's Mortgage) she is taking applications from those two buyer niches.  Property issues are becoming more of a challenge with the increase in foreclosed properties, many of which have deferred maintenance issues to contend with.  If you have any financing questions you can contact Brenda at 507-455-1858.  Her expertise will get you moving in the right direction.  Ac...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 1156 Jadden Lane, Owatonna, MN A beautiful SE Owatonna 2 story with over 3800 square feet of living space, featuring a sought after kitchen, a great layout, 5 bedrooms, 4 baths, and 5BR/3.5BA Single Family House offered at $304,900   Year Built 2004 Sq Footage 3,814   Bedrooms 5 Bathrooms 3 full, 1 partial   Floors 3 Parking 3 Car garage   Lot Size 10,370 sqft   HOA/Maint $0 per month     DESCRIPTION Incredibly attractive and well planned 2 story in a desirable neighborhood featuring a terrific kitchen, spacious great room, 5 bedrooms, 4 baths, 3 car garage, large patio, formal dining room, fireplace and wet bar.   see additional photos below      PROPERTY FEATURES Central A/CCentral heatFireplaceHigh/Vaulted ceilingWalk-in ...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
                                                                                                                                                                     Last Saturday night we hosted our first fundraising event so far this year for our walk in the Breast Cancer 3 Day.  Our Twin Peaks team will be walking 60 miles over 3 days during the Twin Cities 3 Day, August 21st - 23rd.  It's such an incredible experience, and this year my daughter, Lauren, will be walking with me.  Each team member has to raise $2300 to walk. Lauren just completed her first half marathon - we got to cheer her on throughout the run.  She ran in an event (From The Heart) that was organized to benefit a local family who just recently lost their mom/wife to breast cancer.  It was a wonderful day and a great...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 118 North Street, Owatonna, MN Investment property with 2 units. Current rents are $525 and $400. One unit has 2 bedrooms and the other has 1 bedroom. Separate utilities. 3BR/2BA Multi-Family, 2 units offered at $99,900 Year Built 1905 Sq Footage 1,799 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 3 Parking 2 Car garage Lot Size 19,400 sqft HOA/Maint $0 per month DESCRIPTION Income opportunity. Nice duplex with many updates. Two car garage, separate utilities, large yard, convenient location, front porch for larger unit. see additional photos below PROPERTY FEATURES Central A/C Central heat Living room Dining room Refrigerator Stove/Oven Basement Laundry area - inside Balcony, Deck, or Patio Yard OTHER SPECIAL FEATURES Duple...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson & Chad Hacker | Coldwell Banker Home Connection | 507-451-8080 307 Allan Avenue, Owatonna, MN Affordably priced split with 3 bedrooms and plenty of room for expansion. Cute and updated waiting for your touches. 3BR/1BA Single Family House offered at $122,900 Year Built 1992 Sq Footage 1,632 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 10,200 sqft HOA/Maint $0 per month DESCRIPTION Affordable, newer 3 bedroom, 1 bath split with a convenient location close to I-35, with plenty of opportunity to expand in the lower level. see additional photos below PROPERTY FEATURES Central A/C Central heat Walk-in closet Living room Dining room Refrigerator Stove/Oven Laundry area - inside Yard OTHER SPECIAL FEATURES 3 bedrooms Room to expand Affordably pric...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 1915 LaCasa Lane, Owatonna, MN Delightful, well cared for, well maintained 4 bedroom, 2 bath split, fenced yard, deck, family room, and shed 4BR/2BA Single Family House offered at $178,900   Year Built 1997 Sq Footage 1,978   Bedrooms 4 Bathrooms 2 full, 0 partial   Floors 2 Parking 2 Car garage   Lot Size 10,018 sqft   HOA/Maint $0 per month     DESCRIPTION Very nice 4 bedroom, 2 bath split in a desirable neighborhood, well maintained, fenced yard, storage shed, extra slab for camper or boat, attractive decor   see additional photos below      PROPERTY FEATURES Central A/CCentral heatHigh/Vaulted ceilingFamily roomLiving roomDishwasherRefrigeratorStove/OvenMicrowaveBasementLaundry area - insideBalcony, Deck, or PatioYard   ...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
There was a house fire in Owatonna on Sunday.  I've not heard any specifics, but it looked like the entire home was a loss.  Even though October is Fire Safety month, it's never a bad time to think about fire safety and prevention.  Here are a few tips and pointers to be aware of: Get smart about smoke alarms - have one installed on every floor, replace them when they're more than  10 years old, and check and replace your batteries once a year. Have a plan - have two exits from every room, choose a safe place to meet outside, get out first then call for help, and practice your plan so everyone knows how to respond. Be on the lookout for household hazards - use portable heaters sparingly and be sure they are shut off when sleeping, be extremely careful when using candles - never leave th...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 276 Partridge, Owatonna, MN This attractive split level has 4 spacious bedrooms, lots of storage, deck, ceramic tile, brick accent and many other nice features. 4BR/2BA Single Family House offered at $164,900 Year Built 1990 Sq Footage 1,920 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 10,764 sqft HOA/Maint $0 per month DESCRIPTION Desirable split with 4 bedrooms, two baths, nice deck, ceramic tile, open staircase, brick accent and many other great features. see additional photos below PROPERTY FEATURES Central A/C Central heat Family room Living room Dishwasher Refrigerator Stove/Oven Microwave Washer Dryer Balcony, Deck, or Patio OTHER SPECIAL FEATURES 4 bedrooms 2 Bathrooms Deck 2 car gara...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
A group of community minded individuals decided to combine their love of fitness and the outdoors with a passion for helping others with the first annual From The Heart Half Marathon and 5k Run/Walk.   The race will take place the first Saturday in May and proceeds will be dedicated to help a local family that is currently faced with a difficult battle with cancer.  Lisa Hilstad was diagnosed with breast cancer about one year ago, and unfortunately it has spread rather aggressively.  She has three children at home and continues to be actively involved in every facet of her children's lives.  In spite of all the incredibly difficult treatments, Lisa has maintained a positive attitude and her strong spirit shines on. I hope this first annual even will be tremendously successful.  It's a t...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
What's the buzz so far this year?  We're seeing a strong surge of first time real estate buyers and investors.  Both of those markets have been active and there seems to be a good supply of homes that appeal to both.  We've noticed their influence in the average price of the homes that are pending and sold so far this year. The 34 homes sold in 2009 year to date within an average of 107 days at an average of 94% of the list price and an average of 88.8% of the original list price.  There are 47 homes that are pending sale with an average list price of $125,334.  The 173 active listings are priced at an average of $197,479 and have been on the market for an average of 177 days. This information has been provided by the South East Minnesota Association of Realtors. The stimulus plan will ...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
What's the Buzz in the Owatonna Real Estate Market? We've seen some good showing activity lately, and we continue to be pleased with the values that are available for buyers right now.  We like to focus on the many positive things that are happening in our area - things that help buyers understand the opportunities that are out there in our Owatonna housing market.  We still have some zero down programs open to buyers in our community.  The interest rates are terrific and offer affordable options like no other time in recent history.  We've seen a slight drop in available inventory but we expect that to increase as Spring approaches. So far this year we've seen 20 residential sales in Owatonna as compared to 23 for the same time last year.  The average sale price of homes is $161,175 wh...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 595 24th Street NE, Owatonna, MN Delightfully decorated and updated throughout 4BR/2BA Single Family House offered at $144,900 Year Built 1980 Sq Footage 2,008 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 2 Parking 2 Car garage Lot Size .24 acres HOA/Maint $0 per month DESCRIPTION Very nice home with many recent updates including new shingles, new counters and backsplash in kitchen, granite counter in main bath, spacious family room, nice deck overlooking fenced yard, nice master bedroom with walk in closet see additional photos below PROPERTY FEATURES Central A/C Central heat Walk-in closet Tile floor Family room Living room Dining room Refrigerator Stove/Oven Granite countertop Basement Laundry area - inside Balcony, Deck...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Owatonna is very fortunate to have been chosen as the site for the 54th campus in the Minnesota State College and University System.  The Owatonna College and University Center houses Riverland College, Minnesota State - Mankato, Southwest State, Concordia University - St. Paul, Crown College and the University of St. Thomas.  The Center is a national model of cooperative education, offering two-year, four-year and graduate programs in several disciplines. Employers can tap trained workers from the certificate and associate of arts technical trade programs. They also can access specialized training programs designed to meet their unique workforce development training needs. I've become an adjunct instructor at Riverland College at the Albert Lea and Austin campuses.  I teach a class ent...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
January is a wonderful to time reflect on the past year and think ahead to all that we want to accomplish in the new year.  2008 brought challenges, as well as opportunities to our real estate market.  Here are the statistics for 2008 and a comparison to 2007.  It seems that we're off to a strong start for 2009 and I'm confident that we'll see increased activity and sales in 2009.  Home prices are affordable, with amazingly low interest rates, and nice inventory to choose from - therein lies the opportunity! 2008 Residential Home Sales for Owatonna Sold 293 homes at an average sale price of $159,120 within an average of 130 days.  The sale prices average 97% of the last list price and 88% of the original sale price.  We currently have 174 homes on the market at an average list price of ...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 724 13th Street NE, Owatonna, MN Wel kept 3 bedroom rambler with 3 bedrooms on one level, roomy kitchen, room to expand in lower level 3BR/1.5BA Single Family House offered at $125,000 Year Built 1958 Sq Footage 1,920 Bedrooms 3 Bathrooms 1 full, 1 partial Floors 2 Parking 1 Car garage Lot Size 9,900 sqft HOA/Maint $0 per month DESCRIPTION Nicely maintained 3 bedroom rambler with permanent siding, hardwood floors, spacious yard, nice kitchen, plenty of storage, quiet street see additional photos below PROPERTY FEATURES Central A/C Central heat Hardwood floor Living room Bonus/Rec room Refrigerator Stove/Oven Basement Laundry area - inside Yard OTHER SPECIAL FEATURES Hardwood Floors 3 bedrooms on one level Rec room Roomy Kitc...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 621 Glendale, Owatonna, MN Incredibly attractive 4 bedroom 2 bath split with 3 car garage, deck, nice yard, great value 4BR/2BA Single Family House offered at $165,900 Year Built 1999 Sq Footage 2,050 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 2 Parking 3 Car garage Lot Size 7,800 sqft HOA/Maint $0 per month DESCRIPTION Nicely decorated, well maintained 4 bedroom 2 bath split with a sought after 3 car garage, conveniently located with easy access to I-35, walk in closets, Hollywood bath, deck and nice yard with great landscaping see additional photos below PROPERTY FEATURES Central heat High/Vaulted ceiling Walk-in closet Tile floor Family room Living room Dining room Dishwasher Refrigerator Stove/Oven Microwave Basement ...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Lynn Johnson | Coldwell Banker Home Connection | 507-451-8080 101 22nd Street SE, Owatonna, MN Great location, good parking availability, affordable lease payment, triple net, terrific visibility, close to Highway 14 Office $2,000/month Sq Footage 1,850 Parking Unspecified DESCRIPTION Ideal office space in great location, affordable rent, versatile space see additional photos below RENTAL FEATURES Close to Highway 14 1850 Sq Ft Good Visibility Plentiful parking Triple net lease LOCATION FEATURES Easy Access to I-35 and Highway 14 LEASE TERMS Triple net lease, $2000 per month, deposit of $2000 due at lease signing ADDITIONAL PHOTOS Renter contact info: Lynn Johnson Coldwell Banker Home Connection 507-451-8080 Equal Opportunity Housing Posted: Nov 6, 2008, 11:50am PST
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
Pricing decisions are more important than ever for sellers in this real estate market.  Here are some things for sellers and future sellers to keep in mind as they contemplate their pricing decision.  It's so critical to visit with your real estate professional to get a locally knowledgeable source in determining the best price for your home.                                                                                                                                                                                    If you price your home too high for the current market - 1. You will lose the excitement that a new listing generates:         Most activity on a listing comes within the first 30 days.         Agents update potential buyers on new listings - buyers decide whether to view...
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By Lynn Johnson, Owatonna, MN Real Estate
(Coldwell Banker Home Connection)
This has been a fantastic Fall season.  I've been out every day enjoying the explosion of Autumn colors.  One of my favorite parks to walk through is Kaplan's Woods which is 225 acres of trails and groomed paths.  There is a plethora of nature to enjoy throughout this wonderful park.  The best part is that you see different things as the seasons change.  Summer brings the lush green forest feel, as Fall arrives you can see through the trees and notice things that have been hidden from view in the past.  Winter's a magical time in Kaplan's Woods and the city Parks department does a terrific job of clearing the trails.  The paths are also groomed for cross country skiing and snow shoeing which are great ways to enjoy Winter. Kaplan's Woods is a desirable destination for family photos and...
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