Come check out this large 1/4+ acre lot located only 1 block from the schools! Here's a great opportunity to build a new home in the lovely city of Luverne, Minnesota. With plenty of rich history, entertainment, sports, and recreation you will be happy that you decided to lay down your roots here. Choose your own builder and make this lot your home today!
Property Details
Property Features
Listing Office:
Office Name: Hegg, REALTORS
Listing Agent: Marcus Walgrave
Lot Features
Lot Information:
Lot: Buildable, Corner Lot, City Lot, Curbs, Sidewalk
Other
Directions Information:
Directions: Kniss Ave & Bishop St, west to NE Park St, corner lot.
Price Information
Listing Price Info
Price Summary:
List Price: $50,000
Tax Information:
Annual Amount: $712
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Luverne, MN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$317
Per Month
Principal & Interest
$250
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$216
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Luverne Elementary School
709 N Kniss Ave
Distance between this listing and this school0.20 miles
Public District Grades PK-5
7
/10
Hills-Beaver Creek Elementary School
404 S 4th St
Distance between this listing and this school8.11 miles
Public District Grades PK-5
5
/10
Ellsworth Elementary School
513 S Broadway St
Distance between this listing and this school13.95 miles
Public District Grades PK-6
Nearby Schools
7
/10
Luverne Middle School
709 N Kniss Ave
Distance between this listing and this school0.20 miles
Public District Grades 6-8
4
/10
Adrian Middle School
415 Kentucky Ave
Distance between this listing and this school14.00 miles
Public District Grades 6-8
5
/10
Garretson Middle School - 03
505 2nd St
Distance between this listing and this school14.97 miles
Public District Grades 6-8
Nearby Schools
8
/10
Luverne Senior High School
709 N Kniss Ave
Distance between this listing and this school0.20 miles
Public District Grades 9-12
7
/10
Hills-Beaver Creek Secondary School
301 N Summit Ave
Distance between this listing and this school11.51 miles
Public District Grades 6-12
9
/10
Ellsworth Secondary School
513 S Broadway St
Distance between this listing and this school13.95 miles
The neighbors living near this home have an average income of $52,961. The most common annual income of people living in Luverne, MN is between $35k-100k. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 518 NE Park St
What is the listing price of this property?
The listing price of 518 NE Park St property is $50,000.
What type of property is this?
The property 518 NE Park St is land located in Luverne, Minnesota, 56156.
Is this property for sale now?
Active Listing: 518 NE Park St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $712 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 518 NE Park St in Luverne, MN and zip code 56156. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $50,000.
In October 2024, from all listings sold in Luverne, MN there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Luverne, MN between September 2024 and October 2024 increased by 36.8%. While the average time on the market in October 2024 was 383 days, the median list price was $227,950.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. 
Soccer
Soccer
PGA/LPGA
NASCAR
Old Navy
Stein Mart
Dick's Sporting Goods
Jimmy Johns
Bob Evans
Arbys
GMC
Lincoln
Lexus
New Country
News/Talk/Information
Adult Hits