NOT LISTED FOR SALE

2023 7th Ave E Hibbing, MN 55746

Hibbing Area
4 Beds
3 Baths
2,455 Sq Ft
1921 Built

Sale Details

Date Sold: August 20, 2020

Last sale price $45,000 $18 Per Sq Ft

3 Days on Market

About This Home

As of August 2020

Solid triplex in great location! Walking distance to schools and downtown.

Last Agent to Sell the Property

Josh Renskers

Village Realty License #20388696 Listed on: 07/20/2020

Last Buyer's Agent

Jason Sheiman

Grand Properties Real Estate License #20564640

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Home Design

  • Triplex
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,455 Sq Ft Home
  • Basement Fills Entire Space Under The House

Additional Features

  • Lot Dimensions are 125 x 50
  • Heating System Uses Steam

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,000
  • Utility Expense $3,994
  • Gross Income $18,300
  • Net Operating Income $12,022

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 07/20/2020
  • Percent Of Bsmnt Finished: 80
  • Real Estate Tax: 1506
  • Type: Triplex
  • Year Built: 1921
  • Lot Size Length: 125
  • Lot Size Width: 50
  • Utilities Expenses: 3994
  • Insurance Expenses: 1000
  • Net Income: 12022
  • Projected Income: 18300
  • Rent: Month To Month
  • Total Expense: 6278
  • Total Income: 18300
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 2455
  • Basement: Full

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking: Parking Area

Utilities

  • Utilities: City Sewer, City Water, Steam
  • Heating: Steam

Fee Information

  • Rent Income: 18300

Lot Info

  • Zoning: Res

Rental Info

  • Actual Income: 18300

Multi Family

  • Number Of Units: 3

Tax Info

  • Taxes: 1284

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
Jul 20, 2020
Closed on
Aug 19, 2020
Sold by
Bought by
Seller's Agent
Josh Renskers
Village Realty
Buyer's Agent
Jason Sheiman
Grand Properties Real Estate
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Purchase Details

Listed on
Apr 30, 2012
Closed on
Jul 18, 2012
Sold by
Bought by
Seller's Agent
Steve Lindberg
Cattail Realty LLC
Buyer's Agent
Josh Renskers
Village Realty
Sold Price
$58,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.09%
Original Mortgage
$43,500
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
0.078%
Mortgage Type
Commercial
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
$45,000 Sellman Title Company Llc
$58,000 None Available
$94,669 None Available
$72,000 --
$45,000 --
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
Previous Owner $43,500
Previous Owner $79,200
Previous Owner $73,800
Previous Owner $57,600
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 Prior Sale
08/20/2020 08/20/20 Sold $45,000 -9.8% $18 / Sq Ft
07/20/2020 07/20/20 For Sale $49,900 -14.0% $20 / Sq Ft
07/20/2012 07/20/12 Sold $58,000 -- $21 / Sq Ft View Prior Sale
04/30/2012 04/30/12 Pending -- -- --
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 $2,414 $108,200 $10,600 $97,600
2023 $2,122 $103,500 $10,400 $93,100
2022 $1,656 $88,500 $10,400 $78,100
2021 $1,522 $74,600 $10,400 $64,200
2020 $1,506 $69,300 $10,400 $58,900
2019 $1,300 $69,300 $10,400 $58,900
2018 $1,284 $61,300 $13,300 $48,000
2017 $1,314 $61,300 $13,300 $48,000
2016 $1,284 $64,100 $13,500 $50,600
2015 $1,240 $64,100 $13,500 $50,600
2014 $1,240 $61,500 $13,500 $48,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 139899

Range Association of REALTORS®
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