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Best of the North

324 Roosevelt Street Sw

Best of the North

NEWER TOWNHOME AT IRVINGBORO 324 ROOSEVELT ROAD SW, UNIT B

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  324B Roosevelt Street SW  
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Best of the North

A new growth location:

Situated in the southern end of Bemidji away from the noise and congestion of the high traffic, high housing density, and big store shopping areas. Located just a few blocks south of the Hampton Inn, Assembly Park IV benefits from a quality grocery/branch bank complex very handy nearby. The south end is projected to be a major growth area of the city in the coming years with the huge new Sanford Event Center and additional south shore Lake Bemidji redevelopment now underway. The highway #197 artery through town is just two blocks east of Assembly Park Condos and had recent road improvements that will handle anticipated traffic growth and retail expansion.

Enjoy the Irvingboro neighborhood and an active lifestyle:

A planned neighborhood containing a mix of single family homes, condos, twinhomes, businesses, all built new since 1992. Lots of green space has been set aside as part of the plan.

Lake Irving is the main attraction to its waterfront residents. All homes are either directly on the lake, or have lake access. Off-lake homes are required by deed restriction to have a membership share in the association that owns the PRIVATE parks and marina on the lake. Whether you live directly on the lake or off the lake, Irving is an important feature of this neighborhood. Lake access elevates home values and desirability and close to town water properties have become quite expensive. The link to the lake here is truly a BARGAIN!

Irvingboro residents now benefit from an expanded asphalt walk/bike trail (including the new bridge!) along its east border that extends from Lake Bemidji State Park all the way to Walker and beyond. This trail is part of an extensive Beltrami County/DNR trail system gradually being developed, a wonderful recreational resource available very close to Assembly Park.

The Irvingboro neighborhood enjoys city sewer/water, sidewalks (lots of walkers), special streetlights, curb/gutter and new streets throughout.

As a resident, you will appreciate the handy Lueken's Village Foods and First National branch bank complex situated nearby on #197 South.

Irvingboro Recreation Association, Inc:

All of the off-lake property owners in Irvingboro pay a one-time membership fee which has been paid in full by the current owner. An annual park maintenance fee ($200/year in 2017) covers mowing, and upkeep. Dock slips for boats are extra ($100/year in 2017) and you furnish the boat lift. You will enjoy these parks which include an excellent boat marina, or gather at a picnic shelter, swim, canoe, kayak, bird watch, even have a bonfire!

The ownership link to the water (membership share) is a valuable right, even if you're not a water person. When it's time to re-sell, buyers usually view the lake access and parks as a highly desirable amenity for recreation.

If you appreciate living near the water, or fishing and boating, or even walking and sitting by the
lake – this is the only neighborhood that offers it!

Lakes Irving/Bemidji:

Lake Irving is the first lake on the Mississippi as it winds its way north from its Itasca Park headwaters. It's a small (660 acres) shallow (±20') sand bottom lake that provides ready access to adjacent Lake Bemidji (over 6,500 acres) under the bridge. Both Lake Irving and Bemidji are part of a reservoir with level controlled at the "Power Dam" about eight miles downstream. Mississippi boaters can travel downriver from Lake Bemidji all the way to Stump Lake, a scenic and enjoyable boat ride and even upriver with water level permitting. It's estimated there are over 10,000 acres of total water here to boat, fish, cruise, or play.

Lake Irving is usually fished early and late, and most fishermen head into Lake Bemidji's deeper waters in the summer. Larger Lake Bemidji is a renowned fishery for Walleye and now for Muskie (+50# taken). It has excellent fishing structure and Walleye counts are reported by the DNR to be excellent.

The Assembly Park Condominium Community:

Assembly Park I, II, and III were constructed and sold in the mid to late '90's. Although much smaller and less expensive with detached garages, these units have been very popular and sell quickly when available. Each four unit building is a separate condominium.

The Assembly Park IV property was held back instead of developed until 2013. The land parcel was narrow and on a hillside slope, so the terrain dictated a two level plan and special design to fit the site.

Assembly Park IV is right in the center of the Irvingboro neighborhood and lies only a stone's throw from Assembly Park on Lake Irving.

Assembly Park IV details:

Address: 324 Roosevelt Street SW (Units A,B,C)

Designed as three side by side townhomes fronting on the jointly used driveway and with main living areas facing west toward a residential home about 150' away. Each of the three units has the same interior layout except the south unit "C" is reversed. All have totally separate utility systems.

Each townhome has two bedrooms and two full baths, one on each level. The homes are approximately 2,000 square feet (exterior dimensions), about 1000 feet on each level. The lower level family room could be modified to be a third bedroom if needed.

Attached double garages with openers are sized slightly smaller to accommodate today's more compact cars.

Construction quality is very high. The structure was built by Frenzel Construction, Inc. (Pat Frenzel) a well established, reputable builder who by Minnesota law provides a 10 year structural warranty.

The new townhomes are nicely sized with very practical use of space. Buyers have appreciated the hickory cabinetry and kitchen pantries, high quality matching lighting package, even the towel bars are distinctive. The construction level is well above normal including overbuilt footings, glued and screwed down ply wood floors, even the ABC seamless STEEL siding instead of the cheaper vinyl used in most townhomes. Assembly Park IV was sold turn-key ready for move in with floor coverings and appliances. Final construction was completed in spring 2014 and units offered for sale.

Unit owners can have a dog or cat.

Some considerations in design that you'll appreciate:

  • No entry steps on the main level
  • Open layout kitchen, dining, and living area with 9' ceilings for a spacious feel.
  • "Daylight" lower level windows facing west bring in lots of afternoon sun and eliminate the "basement" feel
  • Planned specifically for smaller families, retirees, empty nesters and seasonal users who want the marina for boating
  • Center unit B doesn't have an attached patio but owner places lawn chairs under the outside oak tree and pulls his grill out of the garage to barbeque.

Energy efficiency and green construction:

  • Lower level ICF construction (concrete poured into special foam building blocks). Negligible heat loss through these walls. Costs more initially but big payback in heating costs.
  • Spray foam upper level frame walls (2 x 6) provides higher strength, prevents air drafts, has higher R value.
  • R60 ceiling insulation (above normal)
  • "Energy Star" rated windows
  • High efficiency Trane forced air natural gas furnace and central air
  • High efficiency lighting package throughout
  • Commercial Maytag washer and dryer are included

Many special features:

  • The 2000' finished space is larger than most townhomes.
  • Two family rooms: Not everyone wants to watch the same TV programs.
  • Solatube Skylight creates an interesting visual touch to the main level.
  • Very large casement windows for light and view.
  • Handy main floor office/den for computer use. Wonderful desk and cabinetry are ready for your private office.
  • Better quality stainless kitchen appliances such as the quiet stainless tub dishwasher.
  • Lower level mechanical room with lighted workbench for hobbies and repairs.
  • Garages offer center drains and epoxy floors.
  • Nicely landscaped for visual appeal with preserved white oaks, spade-planted pines, perimeter shrubs.
  • Yard irrigation system to keep things looking good.
  • Condo unit B has over $1,000 of new blinds installed on all windows.

NO WORK:

Condo buyers are usually people who prefer not to mow, trim, rake or shovel. The three owners make up the condominium board and hire the maintenance chores out.

The Irvingboro neighborhood was planned for active people. Instead of home maintenance owners can relax and boat, fish, bike or walk. Condo fees are very affordable at $175/month and include homeowner's insurance coverage and a reserve for future replacement expenses.

Price:

Developer/owner and wife who winter in Florida sold their lake home and moved into unsold unit B in 2016. We find the condo to be extremely comfortable, roomy and practical. Priced firmly at $221,500 which includes a number of owner added upgrades and improvements, as well as purchase of the lake association membership.

City assessments and hook-up charges were also paid by the developer, a cost that usually averages around $10,000 per home. Real estate taxes for 2017, parcel #R80.06569.00 are $2,982 homestead.

Center unit B can potentially be arranged for quick possession if necessary.

Financing:

Today's rates are still under 5% which helps keep payments lower. Usually 10-20% down is required. We will not do a contingent sale. If you have a home to sell you must be willing to arrange a "bridge" loan using the equity in your home to purchase. Broker/owner has lots of financing experience and will be delighted to assist.

You should receive and review the Assembly Park IV Condominium document package as well as the Irvingboro Recreation Association (Marina and Parks) information. If interested, ask Broker to provide them.

Best of the North

Shown by appointment ONLY

NOT AVAILABLE THROUGH THE MLS

Best of the North Real Estate Company

For additional information contact:
Mike Ettesvold, Broker & Owner of Unit B

(218) 444-4100

Best of the North Real Estate

324 Roosevelt Rd SW Unit B
Bemidji, MN 56601
www.bestofthenorth.com

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