NOT LISTED FOR SALE

1502 E 3rd St Duluth, MN 55812

Endion Neighborhood

Estimated Value: $190,000 - $927,511

6 Beds
4 Baths
6,216 Sq Ft
$82/Sq Ft Est. Value

Last Sold August 27, 2014

Last sale price $480,000 $77 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,990/month

302 Days on Market

Highlights

  • Coin Laundry
  • Congdon Elementary School Rated A-
  • 3-minute walk to Endion Park

About This Home

As of August 2014

This 10 unit, brick exterior building is conveniently located in East Duluth. Features coin-operated laundry, new appliances and water heaters, and brick firewalls. Currently rented at full capacity. For someone seeking a very well kept and maintenance rental property. Owned by the same owner for over 35 years, this is an excellent choice and opportunity.

Last Agent to Sell the Property

Tom Little

Coldwell Banker East West Listed on: 08/01/2013

Last Buyer's Agent

Trish Kroening

Coldwell Banker East West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,848

Lot Details

  • 1,612

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,216 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Additional Features

  • Ground Level
  • Boiler Heating System

Community Details

  • 10 Units
  • Coin Laundry
  • Gross Income $68,912

Listing and Financial Details

  • Assessor Parcel Number 010-1480-05720/721-730-+

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,848

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Assessment Balance: 72
  • Assessments: Yes
  • Construction: Previously Owned
  • Parcel Number: 010-1480-05720/721-730-+
  • Price Per Square Foot: 154.44
  • Projected Closed Date: 08/27/2014
  • Rental License: Yes
  • Stories: 2 Story
  • Taxes With Assessments: 5919.54
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 6216
  • Total Fin Square Footage: 6216
  • Total Square Footage: 3108

Exterior Features

  • Exterior: Brick

Utilities

  • Fuel: Natural Gas
  • Heat: Boiler
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned

Schools

  • School District: Duluth #709

Building Info

  • Year Built: 19

Multi Family

  • Est Annual Gross Income: 68912

Tax Info

  • Year: 2013
  • Tax Value: 5847.54

MLS Schools

  • School District: Duluth #709

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2013
Closed on
Aug 27, 2014
Sold by
Knudsen Richard Richard
Seller's Agent
Tom Little
Coldwell Banker East West
Buyer's Agent
Trish Kroening
Coldwell Banker East West
List Price
$599,900
Sold Price
$480,000
Premium/Discount to List
-$119,900
-19.99%
Current Estimated Value
$507,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,628
Avg. Annual Appreciation
0.01%
Original Mortgage
$449,400
Outstanding Balance
$348,474
Interest Rate
4.1%
Estimated Equity
$132,104
Source: Public Records

Range of Values:

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Average Value
Not Available
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
-- $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $449,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2014 08/27/14 Sold $480,000 -20.0% $77 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
08/01/2013 08/01/13 For Sale $599,900 -- $97 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2023 $2,236 $141,300 $7,000 $134,300
2022 $2,540 $132,700 $6,600 $126,100
2021 $2,556 $153,200 $5,100 $148,100
2020 $2,382 $130,200 $15,600 $114,600
2019 $2,362 $117,900 $14,300 $103,600
2018 $2,114 $117,900 $14,300 $103,600
2017 $1,536 $112,200 $13,500 $98,700
2016 $1,494 $0 $0 $0
2015 $1,547 $81,700 $8,400 $73,300
2014 $1,547 $81,700 $8,400 $73,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Tom Little

    Coldwell Banker East West

  • T

    Buyer's Agent in 2014

    Trish Kroening

    Coldwell Banker East West

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4514808

REALTOR® Association of Southern Minnesota

APN: 010148005720

Minnesota St Louis County Duluth 55805 Endion

1502 E 3rd St, Duluth, MN

This home is located at 1502 E 3rd St, Duluth, MN 55812 since 01 August 2013 and is currently estimated at $507,628, approximately $81 per square foot. 1502 E 3rd St is a home located in St. Louis County with nearby schools including Congdon Elementary School, Ordean East Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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