$120,000
SOLD AUG 16, 2024

219 3rd Ave Bovey, MN 55709

4 Beds
2 Baths
1,280 Sq Ft
0.27 Acres

Recently Sold

$94 Per Sq Ft

6% Below List Price

221 Days on Market

About This Home

As of August 2024

Welcome to Your New Investment Property – A Charming Two-Story Duplex! This duplex is situated on a spacious lot with a large Garage, offering plenty of room for outdoor activities and storage. Each unit has 2 bedrooms and new furnaces, ensuring comfort for your tenants. The upper unit has been recently updated with new flooring and countertops, creating a stylish and welcoming living space. This property presents a fantastic opportunity to generate consistent rental income while providing a comfortable home for your tenants. Don't let this amazing investment opportunity pass you by!

Last Agent to Sell the Property

Melissa Roberts

eXp Realty Brokerage Phone: 218-259-0858 Listed on: 01/06/2024

eXp Realty

Last Buyer's Agent

Shelby Harsha

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,721

Year Built

  • Built in 1999

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shake Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Storage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Radiant Heating System
  • 100 Amp Service

Additional Features

  • Covered patio or porch
  • Lot Dimensions are 95x125x95x125

Community Details

  • 2 Units
  • Bovey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 864100780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,721

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1999
  • Above Grade Finished Sq Ft: 1280
  • Water Sewer Expenses: 2028
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: 47x18
  • Attribution Contact: 218-259-0858
  • Attribution Contact: 218-259-0858
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Storage Space, Unfinished
  • Living Area: 1280
  • Basement YN: Yes
  • FamilyRoomRoomFeatures: Family Room
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • PatioPorchType: Covered

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 810

Utilities

  • Heating: Forced Air, Radiant
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Greenway
  • SchoolDistrictNumber: 316
  • SchoolDistrictPhone: 218-247-7306

Lot Info

  • Lot Size: 95x125x95x125
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 864100780
  • Tax Annual Amount: 1721
  • TaxWithAssessments: 1766.0000

Multi Family

  • Number Of Refrigerators: One

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2024
Closed on
Aug 16, 2024
Sold by
Halling Tara
Bought by
Sorteberg Leighton
Seller's Agent
Melissa Roberts
eXp Realty
Buyer's Agent
Shelby Harsha
eXp Realty
List Price
$127,500
Sold Price
$120,000
Premium/Discount to List
-$7,500
-5.88%
Total Days on Market
221
Views
133
Current Estimated Value
$158,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,901
Avg. Annual Appreciation
42.68%
Original Mortgage
$74,475
Outstanding Balance
$73,972
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$84,929

Purchase Details

Closed on
May 18, 2009
Sold by
Griess Schultz Paul Olney and Nelson Schultz Lindsay
Bought by
Pl Schultz Estates Llc
Source: Public Records

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 Type Sale Price Title Company
Deed $120,000 --
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,475 New Conventional
Previous Owner $59,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $120,000 -5.9% $94 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $127,500 -- $100 / Sq Ft
Source: NorthstarMLS

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 $2,208 $76,300 $13,800 $62,500
2022 $1,742 $69,200 $6,700 $62,500
2021 $2,186 $72,200 $7,400 $64,800
2020 $1,668 $66,400 $6,700 $59,700
2019 $1,432 $66,400 $6,700 $59,700
2018 $1,448 $59,400 $6,700 $52,700
2017 $1,434 $0 $0 $0
2016 $1,458 $0 $0 $0
2015 $1,474 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6474637

NorthstarMLS

APN: 86-410-0780