NOT LISTED FOR SALE

2401 7th Ave E Hibbing, MN 55746

Estimated Value: $62,000 - $134,000

2 Beds
1.5 Baths
792 Sq Ft
$138/Sq Ft Est. Value

Last Sold December 30, 2024

Last sale price $54,590 $69 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $683/month

156 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Bathroom on Main Level
  • No HOA

About This Home

As of December 2024

Hurry on this one! Charming Rambler with wood floors, 2 bedrooms up, new plumbing, new boiler system and new radiators, newer metal stamped roof and a look out basement awaiting your finishing ideas. Oversized two car garage and limited maintenance with the steel siding as well as a stamped steel roof.

Last Agent to Sell the Property

Sean McDonald

RE/MAX Results - Longville Listed on: 07/02/2024

RE/MAX Results - Longville

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 150x28x90

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Steel Siding

Interior Spaces

  • 792 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Utilities

  • Boiler Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 140009004515

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: 7th Ave E to property on the corner.
  • L O1 Office Phone1 Number: 218-363-3332
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 792
  • Garage Type: Detached
  • Heat: Boiler
  • MainFloorBath: Yes
  • TotalBedrooms: 2
  • Year Built: 1960
  • Property Style: Ranch/Rambler
  • Special Features: Auction
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Other
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Stories: 1 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 792

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Steel

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Hibbing Public Utilities
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Hibbing #701

Lot Info

  • Estimated Lot Dimensions: 150x28x90
  • Estimated Number of Acres: 0.14
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 140009004515

Tax Info

  • Tax Amount: 1412

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Dec 23, 2024
Sold by
Federal National Mortgage Association and Fannie Mae
Bought by
Balsam Sales Llc
Seller's Agent
Sean McDonald
RE/MAX Results - Longville
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$109,900
Sold Price
$54,590
Premium/Discount to List
-$55,310
-50.33%
Views
387
Current Estimated Value
$108,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,325
Avg. Annual Appreciation
98.15%

Purchase Details

Closed on
May 11, 2022
Sold by
Jpmorgan Chase Bank National Association
Bought by
Gangl Gerald and Gangl Carolyn

Purchase Details

Closed on
Sep 28, 2007
Sold by
Gilbert Andy and Gilbert Hanh
Bought by
Gangl Gerald and Gangl Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,800
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2007
Sold by
Motherway Thomas P and Motherway Duc
Bought by
Gilbert Andy and Gilbert Hanh
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Balsam Sales Llc -- Lawyers Title
Balsam Sales Llc -- Lawyers Title
Gangl Gerald $1,896 Logs Legal Group Llp
Gangl Gerald $73,500 None Available
Gilbert Andy $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gangl Gerald $58,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2024 12/30/24 Sold $54,590 -35.7% $69 / Sq Ft
12/05/2024 12/05/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $84,900 -15.0% $107 / Sq Ft
08/01/2024 08/01/24 Price Changed $99,900 -9.1% $126 / Sq Ft
07/02/2024 07/02/24 For Sale $109,900 -- $139 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2024 $1,362 $85,800 $10,700 $75,100
2023 $1,362 $72,400 $10,500 $61,900
2022 $1,084 $62,500 $10,500 $52,000
2021 $242 $53,200 $10,500 $42,700
2020 $238 $49,700 $10,500 $39,200
2019 $312 $49,700 $10,500 $39,200
2018 $304 $57,400 $11,300 $46,100
2017 $322 $57,400 $11,300 $46,100
2016 $310 $60,100 $11,500 $48,600
2015 $286 $36,100 $6,900 $29,200
2014 $286 $34,600 $6,900 $27,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6114717

APN: 140009004515