NOT LISTED FOR SALE

Estimated Value: $290,000 - $384,279

4 Beds
2 Baths
2,760 Sq Ft
$125/Sq Ft Est. Value

Last Sold October 12, 2018

Last sale price $141,000 $51 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $2,052/month

2 Days on Market

Highlights

  • Lake View
  • Porch
  • Forced Air Heating System
  • Deck
  • Laundry Room
  • High Speed Internet

About This Home

As of October 2018

Great upper downtown duplex that has been updated, is fully leased and has both parking and views of Lake Superior! Located on quiet 7th street above the hustle and bustle of the downtown scene sits this up and down duplex that rents for $750 and $825 plus utilities. Each unit is a spacious 2 bed one bath unit with hardwood floors, updated kitchens and baths, and deck access with views of the big lake. Owner pays garbage, snow and mow and the tenants pay for the rest with separate utilities for each unit. High efficiency gas furnaces, newer siding, extra lot for off-street parking. Add this gem to your portfolio today! 24 hour notice for tenants.

Last Agent to Sell the Property

Kevin Rappana

RE/MAX Results Listed on: 08/31/2018

RE/MAX Results

Last Buyer's Agent

Kevin Kalligher

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,891

Year Built

  • Built in 1913

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 87 x 140

Property Views

  • Lake
  • City Lights

Home Design

  • Duplex
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,760 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Basement

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

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for internet service, cable TV, electric, fuel
  • Assessor Parcel Number 010-1050-00650\00630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,891

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: East 7th Street Duluth. Property on lower side. Parking to east of building is included.
  • InternetOptions: Cable, DSL, Satellite
  • L O1 Office Phone1 Number: 218-722-2810
  • Taxes With Assessments: 2916
  • Tax Year: 2018
  • View Type:Pond View: Lake Superior, City Lights
  • Lot Description Waterfront: No
  • Amenities Exterior: Deck, Porch
  • Appliances 1: Range/Stove, Refrigerator
  • Appliances 2: Range/Stove, Refrigerator
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2760
  • Garage Type: None
  • Heat: Forced Air, Natural Gas
  • Laundry: Separate Room, Shared
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 4
  • MediaType: Duplex
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Walkout, Storage, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Stone
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2760

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Off Street, Street

Utilities

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

Condo/Co-op/Association

  • Shared: Porch

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 87 X 140
  • Estimated Number of Acres: 0.28
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-1050-00650\00630

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Cable TV, Electric, Fuel

Tax Info

  • Tax Amount: 2891

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 12, 2018
Sold by
Wormuth Kevin and Chester Wormuth Lisa
Bought by
Althoff Linda and Althoff David
Seller's Agent
Kevin Rappana
RE/MAX Results
Buyer's Agent
Kevin Kalligher
RE/MAX Results
List Price
$139,900
Sold Price
$141,000
Premium/Discount to List
$1,100
0.79%
Current Estimated Value
$321,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,085
Avg. Annual Appreciation
13.22%

Purchase Details

Closed on
Mar 26, 2002
Sold by
Merritt Gregory H and Merritt Mary L
Bought by
Wormuth Kevin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,550
Interest Rate
7.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Althoff Linda $141,000 Results Title
Althoff Linda $141,000 Results Title
Wormuth Kevin D $109,000 Arrowhead Abstract & Title C
Wormuth Kevin D $109,000 Arrowhead Abstract & Title C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wormuth Kevin D $103,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2018 10/12/18 Sold $141,000 +0.8% $51 / Sq Ft
09/02/2018 09/02/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $139,900 -- $51 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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 $4,436 $337,600 $91,200 $246,400
2023 $4,436 $309,500 $108,900 $200,600
2022 $2,476 $285,100 $100,800 $184,300
2021 $2,456 $168,900 $49,700 $119,200
2020 $2,254 $170,600 $43,000 $127,600
2019 $2,846 $155,400 $39,000 $116,400
2018 $2,640 $140,800 $24,400 $116,400
2017 $2,290 $138,800 $24,400 $114,400
2016 $2,228 $118,100 $8,300 $109,800
2015 $2,274 $120,500 $6,400 $114,100
2014 $2,274 $120,500 $6,400 $114,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6078252

APN: 010105000630