NOT LISTED FOR SALE

1027 S Lake Ave Duluth, MN 55802

Park Point Neighborhood
4 Beds
2 Baths
1,958 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: December 13, 2019

Last sale price $250,000 $128 Per Sq Ft

6 Days on Market

Highlights

  • 2 Car Attached Garage
  • Wood Siding
  • 3-minute walk to Franklin Tot Lot
  • Forced Air Heating System

About This Home

As of December 2019

Large duplex on two lots on Park Point. This up & down duplex has a full basement with laundry, storage and a walkout. Wide staircase to the upper unit with a nice large landing. New windows throughout. Main floor with large living room, dining room, 2 bedrooms and a sunroom leading to a deck. Upper unit with 2 bedrooms, living room, dining room and a door to another deck. Attached garage built in 1980. Fenced-in backyard. Both units licensed and will be empty in December.

Last Agent to Sell the Property

Lynn Beechler

Lynn Beechler Realty Listed on: 11/12/2019

Last Buyer's Agent

Lynn Beechler

Lynn Beechler Realty Listed on: 11/12/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,498

Year Built

  • Built in 1891

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 80x100

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Poured Concrete
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 1,958 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electric, water
  • Assessor Parcel Number 010-4380-02070

Community Details

Overview

  • 2 Units

Building Details

  • Maintenance Expense $1,000
  • Manager Expense $8,771
  • Utility Expense $1,158

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,498

Year Built

Built in 1891

Lot Details

7,841 Sq Ft Lot

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Down Lake Ave on right
  • L O1 Office Phone1 Number: 218-723-8101
  • Remodeled Addition: Yes
  • Tax Year: 2019
  • Lot Description Waterfront: No
  • ApxYrMaintenanceExp: 1000
  • ApxYrManagementExp: 8771
  • ApxYrUtilityExp: 1158
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1958
  • F I R E P L A C E2: No
  • Garage Type: Attached
  • Heat: Forced Air, Natural Gas
  • Parking Number Garage Spaces: 2
  • TotalBedrooms: 4
  • MediaType: Duplex
  • Year Built: 1891
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Walkout
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1958

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 80x100
  • Estimated Number of Acres: 0.18
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-4380-02070

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA/DVA
  • Tenant Expense: Electric, Water

Tax Info

  • Tax Amount: 4498

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2019
Closed on
Dec 13, 2019
Sold by
Bought by
Seller's Agent
Lynn Beechler
Lynn Beechler Realty
Buyer's Agent
Lynn Beechler
Lynn Beechler Realty
List Price
$267,500
Sold Price
$250,000
Premium/Discount to List
-$17,500
-6.54%

Purchase Details

Listed on
Aug 3, 2015
Closed on
Jan 19, 2016
Sold by
Bought by
Seller's Agent
Lynn Beechler
Lynn Beechler Realty
Buyer's Agent
Lynn Beechler
Lynn Beechler Realty
List Price
$262,000
Sold Price
$239,450
Premium/Discount to List
-$22,550
-8.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%
Original Mortgage
$172,250
Interest Rate
0.0393%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
0.062%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 First American Title Ins Co
$239,451 First American Title Ins Co
$250,000 Rels
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $172,250
Closed $235,055
Closed $237,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2019 12/13/19 Sold $250,000 -6.5% $128 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
11/12/2019 11/12/19 For Sale $267,500 +11.7% $137 / Sq Ft
01/19/2016 01/19/16 Sold $239,450 -8.6% $122 / Sq Ft View Prior Sale
11/13/2015 11/13/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $262,000 -- $134 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,082 $369,000 $147,200 $221,800
2023 $6,194 $363,600 $84,300 $279,300
2022 $5,182 $309,000 $71,200 $237,800
2021 $5,088 $256,800 $59,300 $197,500
2020 $4,684 $258,000 $59,300 $198,700
2019 $4,498 $230,600 $66,800 $163,800
2018 $4,510 $223,200 $66,800 $156,400
2017 $4,620 $238,000 $74,200 $163,800
2016 $4,494 $244,500 $74,200 $170,300
2015 $4,226 $223,900 $47,700 $176,200
2014 $4,210 $223,900 $47,700 $176,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lynn Beechler

    Lynn Beechler Realty

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6087372

Minnesota St Louis County Duluth 55802 Park Point

1027 S Lake Ave, Duluth, MN

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