NOT LISTED FOR SALE

2301 2nd Ave W Hibbing, MN 55746

Hibbing Area
4 Beds
2 Baths
1,400 Sq Ft
1920 Built

Sale Details

Date Sold: August 15, 2019

Last sale price $54,000 $39 Per Sq Ft

476 Days on Market

Highlights

  • Balcony
  • Heating System Uses Steam
  • Washer and Dryer
  • Garage

About This Home

As of August 2019

Nice duplex in Hibbing with good rental history. Walking distance to downtown and schools. Spacious apartments, off-street parking, and utilities included with rent. Corner lot.

Last Agent to Sell the Property

Jason Sheiman

Grand Properties Real Estate License #20564640 Listed on: 03/27/2018

Last Buyer's Agent

Laurio Brown

1ST Realty Rangewide Inc License #40134981

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $718

Year Built

  • Built in 1920

Home Design

  • 1,400 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Parking

  • Garage
  • Off-Site Parking

Additional Features

  • Washer and Dryer
  • Balcony
  • Lot Dimensions are 50 x 125
  • Heating System Uses Steam

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Utility Expense $3,600
  • Gross Income $11,400
  • Net Operating Income $6,609

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$718

Year Built

Built in 1920

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 03/27/2018
  • Real Estate Tax: 718
  • Type: Duplex
  • Year Built: 1920
  • Inclusions: Stove & refrigerator
  • Lot Size Length: 50
  • Lot Size Width: 125
  • Utilities Expenses: 3600
  • Insurance Expenses: 600
  • Laundry Storage: Washer/Dryer
  • Net Income: 6609
  • Projected Income: 11400
  • Rent: Month To Month
  • Repairs Maint Expenses: 300
  • Total Expense: 4791
  • Total Income: 11400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1400
  • Basement: Full, Rock

Exterior Features

  • Exterior: Wood
  • Roof: Shingle
  • Outside Features: Balcony, Garage

Garage/Parking

  • Parking: Garage, Off Site Parking

Utilities

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

Fee Information

  • Rent Income: 11400

Lot Info

  • Zoning: Res

Rental Info

  • Actual Income: 11400

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 591

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
Mar 27, 2018
Closed on
Aug 15, 2019
Sold by
Bought by
Seller's Agent
Jason Sheiman
Grand Properties Real Estate
Buyer's Agent
Laurio Brown
1ST Realty Rangewide Inc
List Price
$59,900
Sold Price
$54,000
Premium/Discount to List
-$5,900
-9.85%

Purchase Details

Closed on
May 6, 2009
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
$44,000
Interest Rate
0.0485%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2008
Sold by
Bought by

Purchase Details

Closed on
May 3, 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
$21,600
Interest Rate
0.0593%
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
$54,000 All American Title Co Inc
$55,000 All American Title Co Inc
-- All American Title Company
$24,000 --
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 $35,000
Previous Owner $44,000
Previous Owner $21,600
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
08/15/2019 08/15/19 Sold $54,000 -9.8% $39 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $59,900 +10.9% $43 / Sq Ft
09/10/2018 09/10/18 Off Market $54,000 -- --
08/20/2018 08/20/18 Price Changed $59,900 -7.8% $43 / Sq Ft
03/27/2018 03/27/18 For Sale $65,000 -- $46 / 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 $1,874 $77,700 $7,300 $70,400
2023 $1,522 $70,800 $7,300 $63,500
2022 $1,084 $54,800 $6,600 $48,200
2021 $1,000 $48,900 $6,600 $42,300
2020 $912 $45,500 $6,600 $38,900
2019 $726 $41,900 $6,600 $35,300
2018 $718 $34,200 $10,800 $23,400
2017 $664 $34,200 $10,800 $23,400
2016 $740 $32,400 $10,400 $22,000
2015 $693 $38,400 $11,000 $27,400
2014 $693 $34,400 $11,000 $23,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 134121

Range Association of REALTORS®
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