Waseca
Real Estate
Project that will provide affordable housing pushed back, still set for summer 2024 start
The city of Waseca has owned the empty lot between Waseca Junior/Senior High School and Walmart for years, and now it will finally be developed into an apartment complex. The complex, which will include affordable housing units, will contain a total of 36 units. A group of local business owners created a group called the Waseca Real Estate Fund (WREF) and partnered with fiscal agent REVocity to plan the apartment complex project. To help finance the project, WREF applied for Tax Increment Financing (TIF) from...
Chamber Growth Breakfast highlights housing bill, local ordinances
Regardless if it’s in a small town or a metropolis, housing continues to be a problem plaguing communities throughout Minnesota. Specifically the lack of housing, and what can be done to quickly change that. During the Owatonna Chamber Growth Breakfast on Thursday, attendees had the chance to hear directly from Mark Foster, vice president of legislative and political affairs for Housing First Minnesota. Foster spoke directly about bills being proposed at the state legislature that aim to reduce the cost of housing development and options....
Study: apartments, senior living could open up housing supply
Apartments are in short supply in Rice County. In fact, they usually are all rented out before the building is even complete. The Rice County Housing Study is being updated with fresh data about the demographics, shortcomings and trends within the county’s workforce and housing market. The first draft of updates were presented by engineering and architectural firm WiDSETH Principle Planner Logan Tjossem to the Rice County Board of Commissioners during a Housing and Redevelopment Authority meeting Tuesday morning. ...
Do You Know The Story Behind This Unique Minnesota Home?
Whether you are entering or leaving Medford on County Road 45 chances are you've noticed a large white home on the East side of the road. The home looks like it is a hodgepodge of buildings put together ending with a large barn at the rear. Whenever I drive by I ask myself what was the reason all of these buildings are built and seemingly connected to each other. The answer is because that's the way it was meant to be built, as it was a popular style of home in New England where the original owner of the property was from.
Limited housing 'not good for buyers,' especially first-time homebuyers
Nowadays, houses are nearly selling at the asking price. Whether the average household can afford that is up for debate. Last week Minnesota Realtors, an organization representing the state’s Realtors, released its annual report on the housing market. The report paints a difficult picture for those looking to buy a home, especially if it’s their first time doing so. Rice County Housing Director Joy Watson said the median-priced home in...
Do You Know The Story Behind This Unique Minnesota Home?
Whether you are entering or leaving Medford on County Road 45 chances are you've noticed a large white home on the East side of the road. The home looks like it is a hodgepodge of buildings put together ending with a large barn at the rear. Whenever I drive by I ask myself what was the reason all of these buildings are built and seemingly connected to each other. The answer is because that's the way it was meant to be built, as it was a popular style of home in New England where the original owner of the property was from.
Do You Know The Story Behind This Unique Minnesota Home?
Whether you are entering or leaving Medford on County Road 45 chances are you've noticed a large white home on the East side of the road. The home looks like it is a hodgepodge of buildings put together ending with a large barn at the rear. Whenever I drive by I ask myself what was the reason all of these buildings are built and seemingly connected to each other. The answer is because that's the way it was meant to be built, as it was a popular style of home in New England where the original owner of the property was from.
Realtor, community ambassador and gun safety teacher helps others
Pam Rezac is a woman of many titles. Realtor? You bet. She’s been licensed in the field for over seven years, is currently associated with Edina Realty, and was named the Faribault Daily News 2023 Readers’ Choice “Best of the Best” Realtor last summer. Community volunteer? Indeed. Rezac recently joined the Faribault Area Chamber of Commerce’s board of directors. She also serves on the Rice County Fair Board and volunteers...
Three Rivers proposes taking over Robinwood Manor
A nonprofit is offering to assume ownership and management of Faribault’s low-income senior apartment complex. The leader of Three Rivers Community Action and the Faribault Housing and Redevelopment Authority held a preliminary discussion Monday night about the future of Robinwood Manor. The 51-unit complex on Prairie Avenue is overseen by the HRA. And the HRA board members and city staff liaisons have been exploring whether they should get out of...
Real estate group delivers community donations to Marketplace, Unique Finds
As people continue to clear out clutter before the snow falls, one local business decided to bring back one of its newer traditions to help everyone out. RE/MAX Venture, a real estate group located on N Cedar Avenue in downtown Owatonna, hosted their fourth annual Community Pathways Drive on Nov. 4, inviting people throughout Steele County to drop off items to be delivered to Community Pathways of Steele County. The nonprofit houses the county food shelf — the Marketplace — and clothesline — Unique Finds. ...
Local county assessors expect continued value increases but possibly less severe in 2024
Although higher interest rates have slowed down the market somewhat, local homeowners can still expect to see their valuations increase next year as an overall strong economy and lack of housing supply keep the market incredibly tight. While the official assessment date of Jan. 2 is more than two months away, local county assessors are currently working with the Minnesota Department of Revenue to decipher market trends from all property sales that took place from Oct. 1, 2022 to Sept. 31, 2023. ...
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