NOT LISTED FOR SALE

1618 4th Ave E Hibbing, MN 55746

4 Beds
3 Baths
1,436 Sq Ft
1920 Built

Sale Details

Date Sold: February 3, 2023

Last sale price $130,000 $91 Per Sq Ft

10 Days on Market

Highlights

  • Ceiling Fan
  • Heating System Uses Steam
  • Washer and Dryer
  • Garage

About This Home

As of February 2023

Excellent investment opportunity with this well maintained Triplex close to Bennet Park. Live in one unit and rent the others or rent all three! Main floor includes a one bedroom unit at the front and a one bedroom efficiency unit at the back which is HUD certified. Between these units is the access to the basement which has a washing machine and gas dryer for the tenants to use. At the back of the building is the covered stairs leading up the 2nd floor and the 3rd unit, which is the largest and a two bedroom unit. Tenants have parking in the back alley which includes a parking spot, a heated garage and a car port. Recent updates include remodeling kitchens and bathrooms, flooring, electrical, steam heat conversion to a natural gas boiler.

Last Agent to Sell the Property

Trent Carda

Mirabella Realty License #41027881 Listed on: 12/22/2022

Last Buyer's Agent

Jennifer Reyes

Mirabella Realty License #40641026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $214

Year Built

  • Built in 1920

Parking

  • Garage

Home Design

  • Triplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,436 Sq Ft Home
  • Ceiling Fan
  • Stone or Rock in Basement
  • Washer and Dryer

Lot Details

  • Lot Dimensions are 125 x 25

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Available

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,780
  • Utility Expense $523
  • Gross Income $1,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$214

Year Built

Built in 1920

Listing Details

  • Class: Multi Family
  • Lvt Date: 12/22/2022
  • Real Estate Tax: 214.00
  • Type: Triplex
  • Year Built: 1920
  • Lot Size Length: 125
  • Lot Size Width: 25
  • Utilities Expenses: 523
  • Insurance Expenses: 1780
  • Laundry Storage: Washer/Dryer
  • Net Income: vary
  • Projected Income: 1400
  • Rent: Month To Month
  • Repairs Maint Expenses: 50
  • Total Expense: vary
  • Total Income: 1400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1436
  • Basement: Rock

Exterior Features

  • Exterior: Stucco
  • Roof: Shingle

Garage/Parking

  • Parking: Parking Area, Garage

Utilities

  • Cooling: Ceiling Fan, Ductless Air
  • Utilities: City Sewer, City Water, Gas, Steam
  • Heating: Gas, Steam

Fee Information

  • Rent Income: 1400

Lot Info

  • Zoning: RES

Rental Info

  • Actual Income: 1400

Multi Family

  • Number Of Units: 3

Tax Info

  • Taxes: 214

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2022
Closed on
Mar 10, 2023
Sold by
Bought by
Seller's Agent
Trent Carda
Mirabella Realty
Buyer's Agent
Jennifer Reyes
Mirabella Realty
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
0.0514%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 22, 2022
Closed on
Feb 3, 2023
Sold by
Bought by
Seller's Agent
Trent Carda
Mirabella Realty
Buyer's Agent
Jennifer Reyes
Mirabella Realty
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
0.0514%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2017
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500 --
$130,000 All American Title
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $104,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/03/2023 02/03/23 Sold $130,000 -3.6% $91 / Sq Ft
01/01/2023 01/01/23 Pending -- -- --
12/22/2022 12/22/22 For Sale $134,900 -- $94 / Sq Ft
Source: Range Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,222 $111,200 $7,300 $103,900
2023 $2,180 $76,100 $7,300 $68,800
2022 $214 $51,200 $6,600 $44,600
2021 $126 $47,100 $6,600 $40,500
2020 $124 $47,100 $6,600 $40,500
2019 $122 $47,100 $6,600 $40,500
2018 $120 $45,400 $6,700 $38,700
2017 $118 $45,400 $6,700 $38,700
2016 $116 $45,400 $6,700 $38,700
2015 $164 $18,400 $2,700 $15,700
2014 $164 $27,600 $6,200 $21,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 144545

Range Association of REALTORS®

APN: 140-0140-00880

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