$278,000
SOLD MAY 25, 2016
9 Beds
5 Baths
4,980 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

7% Below List Price

131 Days on Market

Highlights

  • Bay View
  • Hot Water Heating System
  • 4-minute walk to Endion Park
  • Congdon Elementary School Rated A-
  • Level Lot

About This Home

As of March 2019

Extremely well kept 5 units with updated kitchens and baths. Newer vinyl windows, preset thermostat system Munchkin Boiler with Boiler Mate water heater. Practically zero vacancy over the last ten years. Cap Rate is at ten percent based on operating profit and asking price. Coin operated laundry in lower level. Superb building in a superb location.

Last Agent to Sell the Property

Kurt Bartell

Real Estate Masters LTD

Real Estate Masters LTD

Last Buyer's Agent

Tricia Kroening

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,872

Year Built

  • Built in 1904

Lot Details

  • Level Lot

Property Views

  • Bay
  • Lake

Home Design

  • 4,980 Sq Ft Home
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Slate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Parking

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

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 010-1480-04900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,872

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Superior St to 15th Ave E, half a block up the hill.
  • L O1 Office Phone1 Number: 218-722-7710
  • List Price/ Sq Ft: 55.82
  • Tax Year: 2016
  • View Type:Pond View: Lake Superior, Bay
  • Lot Description Waterfront: No
  • CondoPropertyType: Other
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 4980
  • Garage Type: None
  • Heat: Hot Water, Natural Gas
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 9
  • MediaType: Other
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished
  • Basement Material: Stone
  • Estimated Basement Sq Ft: 1944
  • Basement Style: Full
  • Stories: 2.25 - 2.75 Story
  • Total Bathrooms: 5
  • Total Fin Square Footage: 4980

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Slate

Garage/Parking

  • Parking Driveway: Off Street, Street

Utilities

  • Sewer: City
  • Water: City

Schools

  • School District: Duluth #709
  • Junior High Dist: Duluth #709

Lot Info

  • Geo Update Timestamp: 2016-05-27
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Level
  • Parcel Number: 010-1480-04900

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Electric

Tax Info

  • Tax Amount: 4872

Map

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $315,000 +5.0% $46 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $299,900 +7.9% $44 / Sq Ft
05/25/2016 05/25/16 Sold $278,000 -7.3% $56 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
11/25/2015 11/25/15 For Sale $299,900 -- $60 / Sq Ft
Source: Lake Superior Area REALTORS®

Source: Lake Superior Area REALTORS®

MLS Number: 6019427