NOT LISTED FOR SALE

Estimated Value: $678,877

12 Beds
8 Baths
5,208 Sq Ft
$130/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $503,000 $97 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,992/month

6 Days on Market

About This Home

As of May 2024

Great investment opportunity! This 8 unit secure building is fully rented. There are four 1 bedroom/1 bath units and four 2 bedroom/1 bath units. Monthly rental income is $5,750 and most units are currently rented below market rent. Renters in 6 of the units pay their own electric. All utilities are included in 2 units. Renters have access to coin operated laundry in the basement. There is plenty of room for storage in the full basement as well. The roof was replaced in 2016. Siding needs some attention but there is a ton of potential to grow the value and profitability of this unit.

Last Agent to Sell the Property

Megan Wilson

RE/MAX Results Listed on: 04/05/2024

RE/MAX Results

Last Buyer's Agent

Nick Burns

Coldwell Banker Realty - Duluth

Coldwell Banker Realty - Duluth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,943

Year Built

  • Built in 1870

Lot Details

  • 436 Sq Ft Lot

Home Design

  • Poured Concrete
  • Wood Frame Construction

Interior Spaces

  • 5,208 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • No Garage
  • On-Street Parking

Utilities

  • Hot Water Heating System
  • Boiler Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electric, internet service
  • Assessor Parcel Number 05-805-00359-00

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Utility Expense $7,794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,943

Year Built

Built in 1870

Lot Details

436 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Directions: From Belknap St, Turn North on Weeks. Property is on the right.
  • L O1 Office Phone1 Number: 715-392-1111
  • Tax Year: 2023
  • Lot Description Waterfront: No
  • ApxYrUtilityExp: 7794.34
  • CondoPropertyType: Other
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 5208
  • Garage Type: None
  • Heat: Boiler, Hot Water, Natural Gas
  • TotalBedrooms: 12
  • MediaType: 5-10 Units
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Stories: 2.25 - 2.75 Story
  • Total Bathrooms: 8
  • Total Fin Square Footage: 5208

Exterior Features

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

Garage/Parking

  • Parking Driveway: Street

Utilities

  • Power Company: SWL&P
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Superior (WI) #5663

Lot Info

  • Estimated Lot Dimensions: Irreg
  • Estimated Number of Acres: 0.01
  • Cultivated Acreage: LSAR
  • Geo Subdivision: WI
  • Parcel Number: 05-805-00359-00

Rental Info

  • Tenant Expense: Electric, Internet Service

Tax Info

  • Tax Amount: 2942.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2024
Sold by
Clearwater 1422 Llc A Minnesota Limited
Bought by
Yellow Birch Bark Llc
Current Estimated Value
$678,877

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 22, 2024
Sold by
Four Winds Properties Llc
Bought by
Clearwater 1422 Llc
Seller's Agent
Megan Wilson
RE/MAX Results
Buyer's Agent
Nick Burns
Coldwell Banker Realty - Duluth
List Price
$475,000
Sold Price
$503,000
Premium/Discount to List
$28,000
5.89%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.78%

Purchase Details

Closed on
May 5, 2016
Sold by
Schumacher Leslie E
Bought by
Four Winds Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Yellow Birch Bark Llc $615,000 Cori Nolan
Clearwater 1422 Llc $503,000 Cori Nolan
Four Winds Properties Llc A Wisconsin $503,333 Cori Nolan
Four Winds Properties Llc $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2024 05/22/24 Sold $503,000 +5.9% $97 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $475,000 -- $91 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $5,978 $407,000 $11,500 $395,500
2023 $2,943 $141,600 $7,800 $133,800
2022 $2,974 $141,600 $7,800 $133,800
2021 $3,137 $141,600 $7,800 $133,800
2020 $3,106 $141,600 $7,800 $133,800
2019 $2,958 $141,600 $7,800 $133,800
2018 $2,949 $141,600 $7,800 $133,800
2017 $3,062 $141,600 $7,800 $133,800
2016 $3,119 $141,600 $7,800 $133,800
2015 $3,028 $133,800 $7,800 $133,800
2014 $3,028 $141,600 $7,800 $133,800
2013 $3,054 $141,600 $7,800 $133,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113001

APN: 05-805-00359-00

Your Personal Tour Guide

Ask me questions while you tour the home.