Minnesota Real Estate Investors Association, Inc.


2981 Pilot Knob Rd, Eagan, MN 55121

Property Status: Available | For Sale: $300,000.00

5 Bedrooms / 4 Baths / Single Family

Property Photos

$300k cash or $30k down ... Contract 4 Deed ... EAGAN

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $300,000.00
Property Details:
Property Style:
Four Level
Year Built:
Finished Sq Ft:
Finished Basement
Owner / Agent:
Owner / Agent
Property Features:
Central Air
New Improved Price!
Contact Info
Single Family Home in Demand Eagan near Central Park & New Shops! 196 School District! Buy on C/D at terrific discount to tax assessed value! CD TERMS: $30,000 down $300,000 Contract for Deed for 2 years $2500/mo Principal and Interest Payment 8.5% Fixed Interest Rate (investors... much cheaper than hard-money lenders) 8.67% APR Will consider all FICO / Credit Scores Price Discount for Cash BUILD EQUITY - Handyman Special! Perfect for Large Family! Mother-in-law rental set up! REMODEL is about ½ done... needs roughly $75-$125k (retail rates) to complete based on finishes... By doing the work yourself the cost to finish should be much less... 4 Level Walkout 4333 SF currently; when finished should be approximately 4500 Sq Feet! No Garage, but plenty of room for 3+ car attached garage Large concrete turnaround driveway Remodeled area features rich woodwork, HW floors, 9' Ceilings, Large windows! Beautiful Master Suite w/Large Tub and Separate ¾ Shower! Amazing Main Floor Office w/ HW floors and Rich Oak Doors! (is a legal bedroom) Spacious Remodeled Kitchen on 3rd (lower) level - walks out to huge backyard, terraces, patio! New Cabinets, Granite, SS Appliances! Excellent storage space throughout the property! Some exterior repairs needed (but house is sealed from the elements) Interior finishes are needed in some Bedrooms and Bathrooms Large storage shed, beautiful gardens, landscaped ½ acre yard! Currently 4 br, 4 bath - Potential 6 br, 4 bath Suggestions: • Finish open space at front of house into a 4 season porch and attach a 3 car garage • Finish 5th Bedroom (would be 6th if office is used as a bedroom) • This will bring the square footage to approximately 4500 SF • Mother-in-Law setup/rental is already roughed-in and provides another option Valuations • EMV: $429,600 Dakota County Tax Valuation • COMPS: $485,000 - $500,000 upon completion Highlights Rehab opportunity / Build Equity / Handyman Special in the heart of Eagan! 4-level Walkout with over 4300 SF with great upside! Excellent property for large family - as kids could have "their own space"! Or complete with a wonderful Mother-in-Law apartment setup for rental. Priced to sell well under Tax Value! Parts of rehab are complete including remodeled kitchen with Granite C-Tops, HW floors, new Cabinets and 9' ceilings! The remodeled Master Suite has a huge walk-in closet and designer bath! 5th Bedroom is studded/framed. Kitchen walks out to private backyard wonderland w/ several patios and gardens! Inside and outside areas needing project completion. Existing homes in Eagan with similar square footage selling for over $600k. When complete this property should approach $500k in value depending on finishes/quality. Tax assessed value is currently $429,600. Buy it today and build equity! Email respond and Request COMPS for this property jeff@scislow.com Jeff Scislow, CRS RE/MAX Results 612-747-9900

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Minnesota Real Estate Investors Association, Inc. is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Minnesota Real Estate Investors Association, Inc.

7040 Lakeland Ave N #200
Brooklyn Park, MN 55428
(763) 432-2809

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