For Sale: Pine Island MLS# 6620981
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Property Description
This 32.29 +/- acre parcel of land is located in the city of Pine Island in Olmsted County, Minnesota. The Douglas Trail is to the West of this property and the Zumbro River is to the East. The golf course is also on the left hand side when driving to the property on 8th St SE. This property offers a strong opportunity to add to the existing land you own or even have it be your first piece of land, it also could be an investment as it has development potential. Don't miss out on owning a piece of farmland in a great city and location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$774,960
Property Type:
Lot/Land
City:
Pine Island
County:
Olmsted
State:
MN
Property Style:
Lot/Land
Zip Code:
55963
Subdivision Name:
City Lands
Lot & Land
Acres:
32.29
Geolocation:
44.1938465367, -92.6217360155
Inclusions:
Easements
Lot Dimensions:
1323.46 ft x 1059.53 ft x 1323.46 ft x 1261.33 ft
Restrictions:
None
Zoning:
Agriculture
Farm
Topography:
Rolling
Schools
School District:
255
District Phone:
507-356-4849
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$3,626
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,626
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
None
Available Utilities:
- None Available
- None Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
| 2026 | $6,482 | $42,267 | $48,749 | $613,486 |
| 2027 | $6,940 | $41,809 | $48,749 | $606,546 |
| 2028 | $7,431 | $41,318 | $48,749 | $599,115 |
| 2029 | $7,956 | $40,793 | $48,749 | $591,159 |
| 2030 | $8,519 | $40,230 | $48,749 | $582,640 |
| 2031 | $9,121 | $39,628 | $48,749 | $573,520 |
| 2032 | $9,765 | $38,983 | $48,749 | $563,754 |
| 2033 | $10,456 | $38,293 | $48,749 | $553,298 |
| 2034 | $11,195 | $37,554 | $48,749 | $542,103 |
| 2035 | $11,986 | $36,762 | $48,749 | $530,117 |
| 2036 | $12,834 | $35,915 | $48,749 | $517,283 |
| 2037 | $13,741 | $35,008 | $48,749 | $503,542 |
| 2038 | $14,712 | $34,036 | $48,749 | $488,830 |
| 2039 | $15,752 | $32,996 | $48,749 | $473,078 |
| 2040 | $16,866 | $31,883 | $48,749 | $456,212 |
| 2041 | $18,058 | $30,691 | $48,749 | $438,154 |
| 2042 | $19,335 | $29,414 | $48,749 | $418,819 |
| 2043 | $20,702 | $28,047 | $48,749 | $398,117 |
| 2044 | $22,165 | $26,584 | $48,749 | $375,952 |
| 2045 | $23,732 | $25,017 | $48,749 | $352,220 |
| 2046 | $25,410 | $23,339 | $48,749 | $326,811 |
| 2047 | $27,206 | $21,543 | $48,749 | $299,605 |
| 2048 | $29,129 | $19,620 | $48,749 | $270,476 |
| 2049 | $31,188 | $17,560 | $48,749 | $239,287 |
| 2050 | $33,393 | $15,356 | $48,749 | $205,894 |
| 2051 | $35,754 | $12,995 | $48,749 | $170,141 |
| 2052 | $38,281 | $10,468 | $48,749 | $131,859 |
| 2053 | $40,987 | $7,761 | $48,749 | $90,872 |
| 2054 | $43,885 | $4,864 | $48,749 | $46,987 |
| 2055 | $46,987 | $1,762 | $48,749 | $0 |
Listing provided by RMLS,
courtesy of LandProz Real Estate, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.