Seller's Agent in 2015
Darcie Novak
My Place Realty Inc
(218) 780-7036
56 in this area
357 Total Sales
124 7th St S Virginia, MN 55792
Estimated Value: $65,000 - $201,000
3
Beds
2
Baths
1,922
Sq Ft
$75/Sq Ft
Est. Value
Highlights
- Garage
- Washer and Dryer
- Heating Available
- Rock Ridge High School Rated 10
About This Home
As of December 2015This duplex CASH FLOWS; exterior needs a little TLC but inside the two apartments have functional floor plans that are great for the needs of local renters; utilities are zoned separate and there is coin operated laundry in the lower level; both units have separate access and are ready to go. Top unit is already occupied and lower unit has fresh paint and carpet, ready for a renter. There is a two stall garage with new garage doors and off street parking. Rents could be higher than what current income is. This is a great investment opportunity priced 10k below it's assessed value! Call for your tour today!
Last Agent to Sell the Property
My Place Realty Inc License #20549397 Listed on: 12/27/2015
Last Buyer's Agent
Derik Bjorgo
Host Me PM License #40864269
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $618
Year Built
- Built in 1908
Lot Details
- 5,968
Parking
- Garage
Home Design
- 1,922 Sq Ft Home
- Duplex
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Hardboard
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Additional Features
- Washer and Dryer
- Lot Dimensions are 120 x 50
- Heating Available
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,000
- Utility Expense $1,700
- Gross Income $7,800
- Net Operating Income $4,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 27, 2015
Closed on
Dec 31, 2015
Sold by
Bodas James Allan
Bought by
Northern Minnesota Rentals Inc
Seller's Agent
Darcie Novak
My Place Realty Inc
Buyer's Agent
Derik Bjorgo
Host Me PM
Sold Price
$26,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,459
Avg. Annual Appreciation
18.55%
Original Mortgage
$17,000
Interest Rate
5%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Northern Minnesota Rentals Inc | $25,000 | Up North Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Northern Minnesota Rentals Inc | $17,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/31/2015 12/31/15 | Sold | $26,000 | -- | $14 / Sq Ft |
| 12/27/2015 12/27/15 | Pending | -- | -- | -- |
Source: Range Association of REALTORS®
Tax History Compared to Growth
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 | $2,850 | $74,700 | $5,000 | $69,700 |
| 2023 | $2,850 | $74,000 | $5,000 | $69,000 |
| 2022 | $1,092 | $47,800 | $4,400 | $43,400 |
| 2021 | $962 | $50,700 | $4,400 | $46,300 |
| 2020 | $940 | $43,800 | $4,400 | $39,400 |
| 2019 | $504 | $43,800 | $4,400 | $39,400 |
| 2018 | $502 | $25,700 | $3,700 | $22,000 |
| 2017 | $600 | $25,700 | $3,700 | $22,000 |
| 2016 | $612 | $31,200 | $3,700 | $27,500 |
| 2015 | $618 | $35,000 | $3,700 | $31,300 |
| 2014 | $576 | $35,000 | $3,700 | $31,300 |
Source: Public Records
Agents Affiliated with this Home
-
Darcie Novak
-
D
Buyer's Agent in 2015
Derik Bjorgo
Host Me PM
Map
Source: Range Association of REALTORS®
MLS Number: 128253
APN: 090003005560
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