NOT LISTED FOR SALE

1609 3rd Ave E Hibbing, MN 55746

Estimated Value: $66,000 - $131,000

6 Beds
2 Baths
1,660 Sq Ft
$54/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $12,000 $7 Per Sq Ft

Est. 641% increase in value since last sale

Current estimated payment $528/month

About This Home

As of December 2015

Investor alert, duplex which has good rental history. Has been converted from steam heat to gas/hot water. Live in one and rent the other out to make payments. Close to downtown. Has a 3 season porch and a 1 stall garage.

Last Agent to Sell the Property

Duke Dotlich

Move it Real Estate Group License #20438964 Listed on: 11/12/2015

Last Buyer's Agent

Jason Sheiman

Grand Properties Real Estate License #20564640

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 125 x 31

Parking

  • Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,660 Sq Ft Home
  • Stone or Rock in Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Real Estate Tax: 544
  • Type: Duplex
  • Year Built: 1925
  • Lot Size Length: 125
  • Lot Size Width: 31
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1660
  • Basement: Rock

Exterior Features

  • Exterior: Stucco
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking: Garage

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Gas, Hot Water

Lot Info

  • Zoning: NonR

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2024
Sold by
Jbs Holdings Llc
Bought by
Coast Enterprises
Current Estimated Value
$88,866

Purchase Details

Listed on
Nov 12, 2015
Closed on
Dec 1, 2015
Sold by
Deguiseppi Paul L and Deguiseppi Tara
Bought by
Jbs Holdings Llc
Seller's Agent
Duke Dotlich
Move it Real Estate Group
Buyer's Agent
Jason Sheiman
Grand Properties Real Estate
Sold Price
$12,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.93%

Purchase Details

Closed on
Dec 1, 2011
Sold by
Deguiseppi Paul Paul

Purchase Details

Closed on
Feb 24, 2010
Sold by
Pnc Bank National Association
Bought by
Deguiseppi Paul L

Purchase Details

Closed on
May 7, 2009
Sold by
Ricketson Chad M
Bought by
National City Bank

Purchase Details

Closed on
Dec 3, 2004
Sold by
Rutter Elsie Helen and Rutter Richard
Bought by
Ricketson Chad M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2003
Sold by
Rutter Richard and Rutter Elsie Helen
Bought by
Rutter Elsie Helen

Purchase Details

Closed on
Feb 7, 2003
Sold by
Wells Fargo Home Mortgage Inc
Bought by
Rutter Richard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Coast Enterprises $60,000 Lendserv Title
Jbs Holdings Llc $12,000 None Available
-- $12,000 --
Deguiseppi Paul L $23,000 Us Title
National City Bank $69,552 None Available
Ricketson Chad M $57,500 --
Rutter Elsie Helen -- --
Rutter Richard $16,700 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ricketson Chad M $57,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2015 12/01/15 Sold $12,000 -- $7 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
Source: Range Association of REALTORS®

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
2024 $768 $48,400 $9,200 $39,200
2023 $768 $45,600 $9,200 $36,400
2022 $682 $31,900 $8,300 $23,600
2021 $532 $29,700 $8,300 $21,400
2020 $792 $29,800 $8,300 $21,500
2019 $570 $44,900 $8,300 $36,600
2018 $562 $33,000 $8,500 $24,500
2017 $552 $33,000 $8,500 $24,500
2016 $538 $33,000 $8,500 $24,500
2015 $544 $33,000 $8,500 $24,500
2014 $756 $46,100 $10,600 $35,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Duke Dotlich

    Move it Real Estate Group

    Section Image

  • J

    Buyer's Agent in 2015

    Jason Sheiman

    Grand Properties Real Estate

    (218) 244-0812

    12 in this area

    96 Total Sales

    Jason Sheiman
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 128130

Range Association of REALTORS®

APN: 140014001900

Minnesota St Louis County Hibbing 55746

1609 3rd Ave E, Hibbing, MN

Not Listed for Sale

MultiFamily

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