NOT LISTED FOR SALE

1502 E 3rd St Duluth, MN 55812

Endion Neighborhood

Estimated Value: $196,000 - $910,010

6 Beds
4 Baths
6,216 Sq Ft
$73/Sq Ft Est. Value

Last Sold August 27, 2014

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

Est. 5% decrease in value since last sale

Current estimated payment $2,704/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.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,848

Year Built

  • 1902

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

Year Built

1902

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 (Public Record): 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
List Price
$599,900
Sold Price
$480,000
Premium/Discount to List
-$119,900
-19.99%
Total Days on Market
302
Current Estimated Value
$454,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,747
Avg. Annual Appreciation
-0.05%
Original Mortgage
$449,400
Outstanding Balance
$352,364
Interest Rate
4.1%
Estimated Equity
$124,923

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

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

Homes for Sale in Duluth, MN

This home is located at 1502 E 3rd St, Duluth, MN 55812 since 01 August 2013 and is currently estimated at $454,253, approximately $73 per square foot. This property was built in 1902. 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.

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