NOT LISTED FOR SALE
7 Beds
3 Baths
3,736 Sq Ft
1909 Built

Sale Details

Date Sold: October 5, 2015

Last sale price $232,000 $62 Per Sq Ft

189 Days on Market

Highlights

  • Bay View
  • Fireplace
  • Ceiling Fan
  • 2 Car Detached Garage
  • Tile Flooring
  • Boiler Heating System

About This Home

As of October 2015

This is one of the Nicest Triplexes in Lincoln Park. Investors this property has a 11% CAP if you subtract the management fee, Net Operating Income of approximately $24,600. Owner occupant's will love the NEW HIGH EFFICIENT BOILER, newer roof and the low maintenance exterior and the quality finishing to the greatest detail. This property has been completely gone through, new kitchens, new appliances, bathrooms, paint, flooring and should have the same low vacancy that the triplex owned by the same seller next door has been experiencing (zero for the past 2 1/2 since it was completely gone through). This property sits on a large 70x140 lot and offers nice off street parking and a 2 car garage that could be rented for additional income.

Last Agent to Sell the Property

Ron Hanger

RE/MAX Results Listed on: 01/02/2015

Last Buyer's Agent

Beverly J. Van Alstine

Messina & Associates Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,869

Year Built

  • Built in 1909

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Fireplace
  • Tile Flooring
  • Bay Views
  • Walkup Attic
  • Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement
  • Stone Basement

Lot Details

  • Lot Dimensions are 70x140

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • Assessor Parcel Number 010-1180-00850 & 00830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,869

Year Built

Built in 1909

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Up 21st Ave West Left on 4th St to Property
  • L O1 Office Phone1 Number: 218-722-2810
  • Taxes With Assessments: 2894
  • Tax Year: 2015
  • View Type:Pond View: Bay
  • Lot Description Waterfront: No
  • Amenities3: Ceiling Fans, Walk-up Attic
  • Appliances 1: Range/Stove, Refrigerator
  • Appliances 2: Range/Stove, Refrigerator
  • CondoPropertyType: Other
  • Mfg And Park Info Construction Type: Frame/Wood
  • Upper Level Totals:Fireplace3: Yes
  • Garage Type: Detached
  • Heat: Boiler, Fireplace, Natural Gas, Electric
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 7
  • MediaType: Other
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Range/Stove, Refrigerator
  • Basement Features: Walkout
  • Basement Material: Stone
  • Basement Style: Partial
  • Stories: 2.25 - 2.75 Story
  • Total Bathrooms: 3

Exterior Features

  • Road Frontage: City
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Sewer: City
  • Water: City

Association/Amenities

  • AmenitiesOtherAmenities1: Ceiling Fans, Tiled Floors
  • Association Fees Include:Amenities2: Ceiling Fans, Tiled Floors

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 70x140
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-1180-00850 & 00830

Rental Info

  • Lease Terms: Cash, Conventional, FHA
  • Tenant Expense: Cable TV, Electric

Tax Info

  • Tax Amount: 2869

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
Jan 2, 2015
Closed on
Oct 5, 2015
Sold by
Bought by
Seller's Agent
Ron Hanger
RE/MAX Results
Buyer's Agent
Beverly J. Van Alstine
Messina & Associates Real Estate
List Price
$235,000
Sold Price
$232,000
Premium/Discount to List
-$3,000
-1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,797
Interest Rate
0.0388%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 2008
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
$65,000
Interest Rate
0.08%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 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
$29,400
Interest Rate
0.0589%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2001
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
$35,000
Interest Rate
0.0725%
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
$238,121 Arrowhead Abstract & Title C
$228,969 Arrowhead Abstract & Title C
-- None Available
$55,000 Minnesota Abstract & Title C
$129,249 None Available
$147,000 Lakeview
$50,000 Pioneer Abstract & Title
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
Open $227,797
Previous Owner $65,000
Previous Owner $29,400
Previous Owner $117,600
Previous Owner $35,000
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
10/05/2015 10/05/15 Sold $232,000 -1.3% $62 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
01/02/2015 01/02/15 For Sale $235,000 -- $63 / Sq Ft
Source: Lake Superior Area 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 $4,784 $253,700 $31,800 $221,900
2023 $4,266 $230,600 $30,500 $200,100
2022 $4,150 $210,700 $28,000 $182,700
2021 $3,448 $205,400 $10,800 $194,600
2020 $3,548 $174,400 $9,100 $165,300
2019 $3,682 $174,400 $9,100 $165,300
2018 $2,300 $182,500 $9,100 $173,400
2017 $2,000 $168,300 $8,400 $159,900
2016 $1,954 $3,200 $3,200 $0
2015 $2,842 $150,100 $7,700 $142,400
2014 $2,828 $150,100 $7,700 $142,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6014017

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