In 2021, the median property value in St. Francis, MN grew to to $250,500 from the previous year’s value of $280,200.
St. Francis, MN compared to it’s parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In St. Francis, MN the largest share of households have a property value in the $275k – $286k range.
The seller should be able to provide a survey or plat of the property, so that you are clear about where the lot lines are. Ask the seller to have the corners marked. This is especially important if the home is not in a newer neighborhood, because often times multiple parcels were owned by the same person, and they may have built an outbuilding or driveway overlapping two separate parcels. This can become a problem in the future if there is not some type of agreement between property owners. If the seller cannot provide a survey, you might want to order one as a contingency before moving ahead with the purchase.
Saint Francis Certificate of Compliance for the Septic System. A certificate of compliance for a septic is good for 2-3 years depending on the County. If the home does not have a current certificate, we recommend your offer have a contingency that requires that the seller provide a certificate of compliance. If the system is non-compliant, the seller will likely need to repair or replace the system. Some small acreage developments have a common system that is maintained by an association. This may still require certification.
Saint Francis Well Water Test. Most lenders will require that the well water be tested before they will approve the loan. This is another contingency in the purchase agreement that you can ask the seller to take care of.
Saint Francis Easements or Variances. Be aware of any easements or variances on the property. These should be recorded with the county and will show up in the title work.