March RE Guide 2014

This photo is for illustration only.This is not an actual listing.

Owatonna Area

March 2014

GUIDEGUIDEREAL ESTATE

Owatonna.com

It’s always a good idea to obtain a copy of your credit report before applying for a home loan.You can correct any errors on your credit profile in advance, establish credit if necessary or start repairing your credit if you’ve had problems in the past. Lenders look very carefully at your credit as an indicator of your “character” or your willingness to repay your loan. Having poor credit, little or no established credit or unresolved dispute with creditors can affect your purchasing power and your ability to get a loan. Contact the three credit reporting companies for copies of your credit report.

Experian - www.experian.com Trans Union - www.transunion.com Equifax - www.equifax.com

When you receive your credit report check for the following items:• IncorrectEntries-If there are mistakes on your credit report (i.e. accounts that aren’t yours or on-time payments that

are showing as late), you can have them corrected by writing to each credit bureau and requesting that the information be deleted. They will contact the creditor who must respond within 30 days. If the creditor does not respond, the item will be removed and a new credit report will be issued to you. If there is still a dispute, you can add a 100-word statement to your file explaining your side of the story.

• OutdatedNegativeCredit-If there are unfavorable credit items older than 7 years showing on your report, follow the procedure outlined above. Bankruptcy can be removed after 10 years.

• CurrentNegativeCredit-If you have current credit problems, the time to resolve them is before you buy. Re-establishing good credit after a bankruptcy or other credit problems is very important.

Having an established credit history is also important as lenders want to see a track record of debts owed that have been repaid. If you haven’t already done so, apply for credit cards and use them or establish a credit history by documenting your monthly rent payments and your monthly payments to utility companies.

Callmetodayformoreinfoonyourcreditreport and for today’s current rates!

350300 450 550 650 750 850

Understanding YourCreditReport

Wintrust NMLS# 449042 – © 2012 Wintrust Mortgage

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Program rates, terms, and conditions are subject to change at any time. All approvals are subject to underwriting guidelines. If the down payment is less than 20% and based on the selected program and term of the loan, monthly mortgage insurance may be required.

FTB-012

Scan this QR Code for contact info and links.

(Requires Smart phone QR Reader)

Mark Meier Mortgage Consultant NMLS# 533156 124 N. Cedar Ave. Owatonna, MN 55060 O�ce: 507.390.5626 Cell: 507.363.0030 eFax: 855.727.2909 [email protected] www.WintrustMortgage.com

Page 2 Real Estate Guide March 2014

Real Estate Guide Page 3March 2014

EQUAL HOUSINGOPPORTUNITY

EQUAL HOUSING OPPORTUNITY

All real estate advertising in this publication is subject to the Fair Housing Act which makes it illegal to advertise “any preference limitation or discrimination based on race, color, religion, sex, handicap, family status, or national origin, or any intention to make such preferences, limitation or discrimination.” Familial status includes children under the age of 18 living with parents or legal custodians; pregnant women and people securing custody of children under 18. This publication will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on equal opportunity basis. To complain of discrimination call HUD toll-free at 1-800-669-9777. The toll-free phone number for the hearing impaired is 1-800-927-9275.

All advertising contained herein is the responsibility of the advertisers.

The Owatonna Area Real Estate Guide retains the publication rights to all contents produced or supplied by the Owatonna

Area Real Estate Guide. Use of material without written consent of Real Estate Guide is prohibited. All Rights Reserved © 2014

The Owatonna Area Real Estate Guide is a monthly publication distributed in the Owatonna People’s Press and at select area locations in Owatonna. It is endorsed by the Owatonna Multiple Listing members.

A special project ofThe Owatonna People’s Press

135 W. Pearl St., Owatonna, MN507-451-2840 • Fax 507-444-2382

Publisher RON ENSLEY

Advertising Director DEBBIE ENSLEYemail: [email protected]

Media SpecialistsBETH BARRETT, RACHEL EBBERS, BETTY FROST, DIANE GENGLER,

DAVID WEEKS

Advertising DesignNIKKIE GILMORE, NAOMI KISSLING,

KEELEY KREBSBACH, JENINE KUBISTA, KELLY KUBISTA, PAUL RISTAU

Owatonna Area

GUIDEGUIDEREAL ESTATEINDEX

WINTRUST MORTGAGE ....................... 2ERA Gillespie Real Estate .................... 7, 8Pro� nium Mortgage ............................... 6Wells Federal Bank ................................. 5Wells Fargo ............................................. 4

Owatonna.com

Get a strong team to pull for youWe are proud to be part of the community and invite you to call or stop by to discover how we can assist you with your mortgage needs. Whether you are interested in new purchase, refinance, or home equity financing, Wells Fargo Home Mortgage can assist with finding a program that fits your unique goals.

Call or visit your local team today.

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2013 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801. AS992867 Expires 10/2013

Jannell TufteHome Mortgage ConsultantOffice: 507-455-7516 Cell: 507-456-5946101 North Cedar AvenueOwatonna, MN 55060 [email protected] ID 402028

Matthew G LeTourneauHome Mortgage ConsultantOffice: 507-444-2260Cell: 507-339-2193101 N Cedar AvenueOwatonna, MN [email protected] ID 404642






Expires 03/2014






Jannell TufteHome Mortgage ConsultantOf�ce: 507-455-7516Cell: 507-456-5946101 N Cedar AvenueOwatonna, MN [email protected] ID 402028

Kelly RatzloffHome Mortgage ConsultantOf�ce: 507-455-6784Cell: 507-390-43021400 South Oak Ave.Owatonna, MN [email protected] ID 1102316


MortgageRates Are LowStop into Wells Federal Bank today and visit with Jeff about � nancing

options for your new home.

496 W North St, Owatonna • 444-0010www.wellsfederal.com

Member

FDIC


If your home isn’t listed with a Realtor,

it might as well be You have a home for sale but no one is seeing it. Maybe because it isn’t listed with a professional Realtor. Realtors make it easy for you to buy or sell your home. They have access to a pool of serious home buying prospects... and a Multiple Listing

Service that can offer buyers the affordable home of their choice. They do the legwork, the paperwork, and the hard work to help you sell your home quickly.

Look for the Realtor logo to find the commitment and full services of a real estate professional.REALTOR

®

Matt

See us for anamazing experience with your

NMLS# 1033034 NMLS# 402979

Jenny

HOME LOAN!

Owatonna 328 N Cedar 507.444.0101Mankato 507.389.8900 | Fairmont 507.235.5538 | Truman 507.776.2311

www.profinium.com | NMLS 402979Member FDIC

See Jenny or Matt for details for fast and local service on yourhome loan. We’ll look out for your best interest!


THE BENEFITS OF PROPER PRICING

When you determine your home’s price, bewareof the pitfalls of overpricing. Logically, youwould think thatthe higher theprice of yourhouse the moremoney you willreceive for it,but there is afine linebetween supplyand demand. Potential buyers who see yourhome’s listing price may bypass even looking atit without considering making a lower offer.

Concurrently, buyers who are looking only in aspecific price range that is less than the cost ofyour house will never have the opportunity toview your home, leaving you with less

marketability. On the flip side, those who couldafford to purchase your home will inevitabley bedrawn to better values that are offered elsewhere.

The perils of overpricing can be negated by thebenefits of proper pricing. Below are just a few ofthe many benefits that can be reaped with properpricing:

• Higher offers accompany a fair market value.

• Real estate agents will be more likely to showyour home enthusiastically if he/she believes it is agood market value. A reasonably-priced home willgenerate competing offers among potential buyers.

• A well-priced home will attract more qualifiedbuyers, ensuring that its marketability remains.

$73,499 $38,000

VISUAL TOUR #2749387

CONTEMPORARY HOME ON 2.5 ACRES!• 2.5 acre lot to be created from 9.99 acres• Built in 2004, over 3000 sq ft fi nished• 4 bedrooms, 2.5 baths• Family room with fi replace & wet bar• Fabulous master suite!• Just a short drive from Owatonna• Additional land with shed negotiableMLS #4049402

5+ WOODED RURAL ACRES• 2 bedrooms, 1.5 bath with main fl oor laundry• 2 parcels sold together = 5.77 acres• Lots of future potential• Second parcel across road• Attached two car garage• Outbuildings need attention• Nice setting 4 miles from townMLS #4048777

DRIVE A LITTLE...SAVE A LOT!• Main fl oor laundry, bedroom & offi ce• New Pergo fl oor & carpet throughout • Huge kitchen with lots of cupboards, counters & breakfast bar• Newer roof, furnace, siding & hot water heater• Two car garage with 220 wiring• Large treed lot!MLS #4049220

1.36 BUILDABLE LOT BY CANNON LAKE• Now is the time to design & build your dream home• Located near Cannon Lake & WarsawMLS #4050219

4 BEDROOM, 2 BATH HOME!• Open updated fl oor plan• Kitchen with custom cabinets, stainless appliances• Lower level with family room, 2 bedrooms & bath• New carpet in main fl oor bedroom• Private fenced backyard with storage shed• 2 car garage, quiet NE location• 2 basement windows being replacedMLS #4048116

PRISTINE CONDITION - LOWER LEVEL OPTIONS!

• Quality built with 3 bedrooms, 2.5 baths• Spacious sunroom with in-fl oor heat• Attached 3 car garage• Custom built kitchen, 6 panel doors & more!• Main fl oor formal living & family room with fi replace, 2nd fl oor laundry• Master bedroom suite with walk-in closet, whirlpool tub, dual sinks• Pretty landscaping, large patio & decorative curbingMLS #4049138

RANCH STYLE HOME LOADED WITH IMPROVEMENTS!

• Kitchen with new appliances, countertops, & fl ooring• New furnace, central air & hot water heater• New shingles & concrete driveway in 2007• New permanent fencing in backyard• 2 car garage with new overhead door• Landscaping with curb edging• Updated electrical & more!MLS #4051175

$179,000$137,500

$78,500$125,500$379,000


VISUAL TOUR #3262007 VISUAL TOUR #3152014

VISUAL TOUR #3187635VISUAL TOUR #3198405

5 ACRES...2007 BUILT RANCH...STYLE & LUXURY!

• 5 bedrooms, 3.5 baths• Heated triple 1147 sq ft garage• Lovely kitchen, breakfast bar, open fl oor plan• Master bedroom suite - 3 main fl oor bedrooms • Walk-out lower level, large, beautiful patio area• Huge family room with wet bar• Beautiful country viewsMLS #4049413

RANCH ON QUIET CUL-DE-SAC!• 3 bedrooms, 3 baths• Lots of square footage• Master bath with dual vanities• Huge lower level family room• 2 main fl oor laundry areas to choose from• Oversized insulated & heated garage• Nice size mature backyard with deckMLS #4048288

MUST SEE TO APPRECIATE! MOVE-IN CONDITION!• 3 bedrooms, 1+ car garage• Detached 3 season porch• Nice backyard• Spacious kitchen• Vinyl siding & more!• Easy access to downtownMLS #4049375

BIGGER THAN IT LOOKS!• 3 bedroom, 2 full bath ranch• Newer furnace, vinyl siding, & windows• Fenced yard• Lower level family room & full bath• Lower level bedroom with egress window• 2 car garage• Desirable NE Owatonna location• First time home OR downsize!MLS #4049617

NEWLISTING

Broker AssociateRealtor, GRI, SRES

Nancy SlettenCell: [email protected] N. Cedar • Owatonna507.451.7488 • 800.658.7056www.erahome.com

Save Money… Save Time… Simplify Your Life


$299,000


$150,500


$279,900


$79,900


Satisfi ed Clients Daniel & Beth

Filzen Said:“We began working with Nancy as our

selling agent. Her vast expertise & committed customer service was

invaluable throughout. In the end, we will

remember Nancy as ‘our friend in real estate’!”

SOLD


Our Team of Professionals

Nancy SlettenBroker Associate

GRI, SRES

Matt GillardRealtor

GRI

Erin GillespieBroker Associate

GRI, ERS

Mark WoodrichRealtor

Connie KnutsonBroker AssociateCRS, GRI, ERS

ABR

Barry GillespieCRB, CRS,

ePRO

Sid SchroederRealtor

GRI, ERS

Lud Gillespie1925-2011

Melinda DavidRealtor

Justin OhnstadRealtor

Ryan JireleMortgage

Stephanie WoodrichRealtor

Division of ERA Gillespie Real Estate Company ID #320358

Call Ryan Jirele Mortgage Loan Originator #503704

(507) 676-2708 [email protected]

122 N. Cedar, Owatonna451-7488 • 800-658-7056

www.ERAHOME.com

122 N. Cedar, Owatonna

Broker AssociateCRS, GRI, ERS, ABR

Connie KnutsonCell: [email protected] N. Cedar • Owatonna507.451.7488 • 800.658.7056www.erahome.com

Save Money… Save Time… Simplify Your Life


TUCKED AWAY ON QUIET CUL-DE-SAC!

• 4 bedroom, 3.5 bath ranch, open fl oor plan• Walk-out lower level• Private wooded backyard• Screened in porch & deck• Main fl oor sunroom, informal & formal dining• Master bedroom suite• Living room with fi replace• Main fl oor laundry and so much more!MLS #4051182

WELL MAINTAINED 4 BEDROOM HOME!

• 4 bedrooms, 2 baths• Quiet street near shopping & restaurants• Newer windows & roof• Open fl oor plan• Finished lower level family roomMLS #4048581

GREAT STARTER HOME!• 3 bedroom, 2 bath ranch• Home warranty included• Main fl oor laundry, hardwood fl oors• Finished lower level family room, den or offi ce• Newer roof, windows & furnace• Fenced yardMLS #4050852

NICE & AFFORDABLE! ENJOY LIFE IN A SMALL TOWN!

• Three bedroom, 2 bath, 1-1/2 story in Ellendale• Double detached garage• Newer roof, steel siding• Fenced yard, 3 season porchMLS #4044294

THREE FINISHED LEVELS...GREAT FOR FIRST TIME HOME

BUYERS!• Nicely decorated 1-1/2 story charmer• Main fl oor bedroom & bath• Finished basement with family room, bath & bedroom• Updated kitchen• Upper level space for den, offi ce & storageMLS #4047721

NICE RAMBLER MOVE-IN READY!• Large yard and deck• Appliances included• Single stall garage• Paved driveway, vinyl siding• OWNER/AGENTMLS #4045698

$259,900$146,000

$84,900$79,900 $88,900 $89,900


VISUAL TOUR #3251631VISUAL TOUR #3025076 VISUAL TOUR #3135622 VISUAL TOUR #3067413

SPECTACULAR HOME IN GOLF & LAKE COMMUNITY!

• Two story home with 4 bedrooms & 4 baths• 1.66 beautiful acres with lake & golf views• “Rare” granite throughout entire house• Formal & informal dining• 4 season porch, two patios• Family room, wet bar & rec room in lower level• Beautiful master suite with private bathMLS #4044646

CLASSIC RANCH!• Ranch style home with over 1200 sq ft• Three bedrooms on main fl oor• Double attached garage• Nice deck• Park-like backyard• Room to expand in lower levelMLS #4050172

$469,000$119,900


NEW PRICE!

NEW LISTING!

NEW LISTING!


Documents

March RE Guide 2014