Life & Real Estate in SouthEast, Minnesota

Owatonna, MN Real Estate Market Conditions, August 25, 2008

2008-08-25T17:04:56Z

Interest Rates finished the week last week at 6.375% for a 30 year fixed on Monday August 25, 2008. That is up just a bit. Interest rates have continued to be a bit unstable. We don't see interest rates coming down anytime soon.

Current real estate listing inventory - 218 active listings in Owatonna as of today. The active listing count has stayed fairly constant. We would like to see it down about 30 listings but at least it hasn't soared this summer like last year.

The number of pending listings is at 38 homes. This continues to be a good pending count however it is down a bit from previous levels. We look for it to fall quite a bit this week as we reach the end of the month.

There have been 196 properties Closed so far in 2008. Closed activity has been great over the last two months. There were 267 properties closed at this same time last year so we are down in the market 27% over 2007. BUT WE ARE STILL SELLING HOUSES! The real estate market hasn't come to an end. We will be doing a chart at the end of the month that shows how the market over the last 5 years.

Take a close look at the comparison charts. The closed chart is showing that over 43% of the homes that have closed this year had a price change and the average price change is just over $15,753. vs 55% of the active listings has had a price change (up 3%) and that average price change is $13,580. This has several possible reasons 1) Sellers are seeing the need to adjust the asking price of their home into the correct price range, to generate showing activity and offers. 2) More & more sellers are coming onto the market initially at the correct price. Take a look at these charts. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Give us a call and let us show you what is happening in the market right now. 507-390-2121

We have all of our listings available via Virtual Tour in English, Spanish and also in French

Golf Course Living at its finest. 3 Augusta place, Owatonna, MN $219,900

2008-08-13T15:29:00Z

The Bartley Group | Coldwell Banker Home Connection | 507-390-2121

3 Augusta Place, Owatonna, MN

Above Par Living!! On BrookTree Golf Course

3BR/2.5BA Townhouse

offered at $219,900

Year Built	1988
Sq Footage	1,728
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	2
Parking	2 Car garage
Lot Size	.19 acres
HOA/Maint	$150 per month

DESCRIPTION

All the work has been done for you in this beautifully updated townhome overlooking the 17th green on Brook Tree golf course. Upscale new laminate flooring in the kitchen, dining room, foyer, hallway and 1/2 bath. All the carpeting throughout this home has been replaced with new neutral carpeting. New kitchen appliances include 36"electric cooktop, refrigerator, dishwasher & microwave. The spacious dining room has a bow window, and a patio door to the deck. An abundance of oak cabinets provide plenty of storage. The huge living room boasts a built-in oak entertainment center that accommodates a 50” plasma TV as well as bookshelves and a bay window overlooking the golf course. Main floor ½ bath & storage closets round out the main level. Upstairs features a peaceful master suite. In the master bath you can relax at the end of a long day in your personal whirlpool tub, or use the separate angled shower. A generous walk-in master closet and a patio door to a private balcony are also part of this personal retreat. 2 additional bedrooms, a laundry area and an additional full bath complete the upstairs. A mechanical room off of the attached 2 stall garage contains the water softener, water heater and furnace as well as a wash sink. This wonderful townhome has been lovingly updated by meticulous owners. Come see it today, you will not be disappointed.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	High/Vaulted ceiling
Walk-in closet	Tile floor	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Laundry area - inside
Balcony, Deck, or Patio	Yard

COMMUNITY FEATURES

Garage parking

Golf course

OTHER SPECIAL FEATURES

3 bedrooms

3.5 Bathrooms

2 stall Attached Garage

Private Living on the Golf Course

ADDITIONAL PHOTOS

Seller contact info:

The Bartley Group

Coldwell Banker Home Connection

507-390-2121

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 13, 2008, 11:13am PDT

Peascful Living at the edge of town - Austin, MN

2008-08-05T14:55:04Z

The Bartley Group | Coldwell Banker Home Connection | 507-390-2121

601 25th Ave NW, Austin, MN

Wonderful location on Austin's north side.

.23 acres Vacant Land

offered at $25,900

Lot Size

.23 acres

DESCRIPTION

Fabulous new development that is across from a serene view that encompasses a bike path and a peaceful park complete with new play equipment. Build with an outstanding builder and choose from many tried and true plans to meet your family's needs. Or bring your own builder or even purchase now for a future build. You decide what will work best for you.

see additional photos below

ADDITIONAL PHOTOS

Seller contact info:

The Bartley Group

Coldwell Banker Home Connection

507-390-2121

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 10:39am PDT

Price Reduction on this Wonderful Lake Home

2008-08-05T13:08:02Z

The Bartley Group | Coldwell Banker Home Connection | info@bartleygroup.com | 507-390-2121

1018 Abbott, Albert Lea, MN

Direct Lake Frontage - Completely Updated

3BR/1.5BA Single Family House

offered at $189,900

Year Built	1888
Sq Footage	2,326
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	2
Parking	2 Car garage
Lot Size	.25 acres
HOA/Maint	$0 per month

DESCRIPTION

The updates on this wonderful home include the following:
Main Level
Sheetrock, texture & paint, trim, light fixtures, 6 panel oak swing doors, patio door, underlayment, laminate flooring

Kitchen
Cabinet doors, countertops, sink, faucet, vinyl flooring, dishwasher, refrigerator & stove

Upper Level
Sheetrock, texture & paint, oak trim, light fixtures, 6 panel oak swing doors, oak flush closet doors,underlayment, carpeting & pad

Main Bath
Bathtub & faucet, oak vanity & top, sink & faucet, toilet, underlayment & vinyl flooring

Mechanicals
High efficiency boiler & hot water system, hydronic heat covers, all cable runs

Exterior
added topsoil & graded back yard, reseeded lawn, fieldstone planting & decorative borders, cleaned & stained front & rear decks, wood lattice fence on east side of back yard

Boat House & Lake Front
Built boardwalk & dock, replaced shingles & roof sheathing, replaced service door, replaced siding, replaced overhead door, replaced concrete floor & ramp, track system & electric boat winch, replaced dusk to dawn light

see additional photos below

PROPERTY FEATURES

Central heat	Living room	Office/Den
Dining room	Dishwasher	Refrigerator
Stove/Oven	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard

COMMUNITY FEATURES

Garage parking

Lake

OTHER SPECIAL FEATURES

Kitchen Main 16 x 10 New appliances,sink, countertop, vinyl

Living Room Main 19 x 12 Laminate Floor/Ceiling Fan

Dining Room Main 19 x 9 Laminate floor/2Ceiling Fans

Bedroom 1 2nd Level 15 x 12 Carpet/6 Panel Door

Bedroom 2 2nd Level 12 x 9 Carpet/6 Panel Door

Bedroom 3 2nd Level 14 x 9 Carpet/6 Panel Door

Full Bath 2nd Level 8 x 7 Vinyl Floor/Custom Oak Vanity

ADDITIONAL PHOTOS

Seller contact info:

The Bartley Group

Coldwell Banker Home Connection

info@bartleygroup.com

507-390-2121

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 7:55am PDT

Come Live The Dream!! Amazing 1 year old Owatonna, MN home has it all!

2008-08-05T13:04:09Z

The Bartley Group | Coldwell Banker Home Connection | clientcontact@bartleygroup.com | 507-390-2121

1185 Jadden Lane SE, Owatonna, MN

Come live the dream! All three levels finished to upscale perfection.

5BR/3.5BA Single Family House

offered at $389,900

Year Built	2007
Sq Footage	3,482
Bedrooms	5
Bathrooms	3 full, 1 partial
Floors	3
Parking	3 Car garage
Lot Size	.24 acres
HOA/Maint	$0 per month

DESCRIPTION

Come live the dream! All three levels finished to upscale perfection. A gourmet kitchen with custom made Cherry cabinets & all of the 'Right' appliances one would expect along with beautiful Zodiac solid surface counter tops. Formal dinning room that shines with solid maple floors, built in glass & cherry cabinets with architectural arches compliment the entry to the living room that opens to the vaulted celling alight with bright can lights that focus on the Cherry & Marble surround on the warm and cozy gas fireplace. Be sure to remember to round out your day in the family room with a stone surround on a second gas fireplace complete with knotty pine walls that include a fun and exciting wet bar and entertainment area. Need to sneak in some exercise but the time is never right? Don't worry its all there in your own private workout room. Summertime and the living is EASY... Especially grilling and relaxing on your large composite deck that looks out onto a wide open view with no houses directly behind you. Lets not forget Old Man Winter, just don't let him get the best of you in your insulated finished heated 3.5 stall garage. And at the end of a long and enjoyable day retreat to an exceptional Master Suite complete with an oversize whirlpool tub, maple vanity with twin bowl solid surface top and private shower. Come live the dream, call 507-390-2121 to schedule a private tour of your new home.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Walk-in closet	Hardwood floor
Family room	Living room	Office/Den
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Stainless steel appliances
Basement	Balcony, Deck, or Patio	Yard
Jacuzzi/Whirlpool

OTHER SPECIAL FEATURES

Custom Cherry kitchen cabinets w/

Soaring great room with vaulted ceilings and Corner Gas Fireplace with Cherry Surround

Owners suite that will be your private retreat from the world

Family room featuring corner gas fireplace with stone surround, maple wet bar as well as game area

Exercise room

Den/office

Main floor laundry with Maple cabinets

ADDITIONAL PHOTOS

Seller contact info:

The Bartley Group

Coldwell Banker Home Connection

clientcontact@bartleygroup.com

507-390-2121

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 7:54am PDT

Exciting & Affordable Developement in Austin, MN

2008-08-05T13:02:00Z

The Bartley Group | Coldwell Banker Home Connection | 507-390-2121

703 25th Ave NW, Austin, MN

Fabulous new development that is across from a serene view that encompasses a bike bath and a peaceful park.

.18 acres Vacant Land

offered at $25,900

Lot Size

.18 acres

DESCRIPTION

Fabulous new development that is across from a serene view that encompasses a bike bath and a peaceful park complete with new play equipment. Build with an A+ builders and choose from many tried and true plans to meet your family's needs. Or bring your own builder, or even purchase now for a future build. You decide what will work best for you.

see additional photos below

ADDITIONAL PHOTOS

Seller contact info:

The Bartley Group

Coldwell Banker Home Connection

507-390-2121

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 8:40am PDT

Updated & Charming - Great Condition in Faribault, MN

2008-08-02T09:01:35Z

The Bartley Group | Coldwell Banker Home Connection | 507-390-2121

322 5th Ave NW, Faribault, MN

New Price!!! See it now. Charmingly updated home! Move in and start enjoying your new home.

2BR/1BA Single Family House

offered at $121,900

Year Built	1880
Sq Footage	946
Bedrooms	2
Bathrooms	1 full, 0 partial
Floors	2
Parking	None
Lot Size	2,613 sqft
HOA/Maint	$0 per month

DESCRIPTION

Charmingly updated home! Move in and start enjoying your new home. Some of the updates include: bathroom, laundry, plumbing, windows, siding, furnace, central air, water heater, electrical, refrigerator, washer, dryer, stove and storage shed. Living room, dining room, bathroom and both bedrooms have been remodeled with new electrical, sheetrock and trim. This home beams with the pride of ownership. Come see it today!

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Walk-in closet
Living room	Dining room	Dishwasher
Refrigerator	Stove/Oven	Basement
Yard

ADDITIONAL PHOTOS

Seller contact info:

The Bartley Group

Coldwell Banker Home Connection

507-390-2121

For sale by agent/broker

Equal Opportunity Housing

Posted: Jul 16, 2008, 7:36am PDT