$17,000
SOLD APR 20, 2012

2406 3rd Ave E Hibbing, MN 55746

2 Beds
3 Baths
1,752 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$10 Per Sq Ft

3% Below List Price

27 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • Partially Fenced Property

About This Home

As of April 2012

DUPLEX PROPERTY 2 - 1 BEDROOM UNITS. PARTIALLY FINISHED BASEMENT, FENCED BACKYARD, 2 STALL GARAGE. NEEDS TLC BUT GREAT INCOME POTENTIAL.

Last Agent to Sell the Property

Joshua Renskers

Village Realty Listed on: 02/01/2012

Last Buyer's Agent

Joshua Renskers

Village Realty Listed on: 02/01/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Partially Fenced Property

Parking

  • 2 Car Detached Garage

Home Design

  • 1,752 Sq Ft Home
  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Partially Finished Basement

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

Location

  • Ground Level
  • Upper Level

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Gas Water Heater

Community Details

  • 2 Units
  • Gross Income $10,200

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 140-0090-03800

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 140-0090-03800
  • Price Per Square Foot: 6.69
  • Projected Closed Date: 04/20/2012
  • Range: 20
  • Section: 18
  • Stories: 1.25 - 1.75 Story
  • Taxes With Assessments: 463
  • Twp Number: 57
  • Estimated Number of Acres: 0.07
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Partially Finished
  • Basement Material: Rock
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1554
  • Total Fin Square Footage: 1752
  • Total Square Footage: 2541
  • Below Grade Finished Sq Ft: 198

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Aluminum
  • Roof: Asphalt Shingles
  • Exterior Amenities: Fenced Yard - Partial

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Fuel: Natural Gas
  • Heat: Baseboard, Boiler
  • Sewer: City
  • Water: City

Schools

  • School District: Hibbing #701

Lot Info

  • Estimated Lot Dimensions: 25 X 125

Building Info

  • Year Built: 1920

Multi Family

  • Est Annual Gross Expense: 1500
  • Est Annual Gross Income: 10200

Tax Info

  • Year: 2011
  • Tax Value: 463

MLS Schools

  • School District: Hibbing #701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2012
Sold by
Lokken Shannon S
Bought by
Mahkahta Properties Inc
Current Estimated Value
$124,333

Purchase Details

Listed on
Feb 27, 2012
Closed on
Apr 19, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Lokken Shannon
Seller's Agent
Josh Renskers
Village Realty
Buyer's Agent
Josh Renskers
Village Realty
Sold Price
$17,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.67%

Purchase Details

Closed on
Dec 13, 2011
Sold by
Minnesota Housing Finance Agency
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jun 14, 2011
Sold by
Wagner Scott O and Wagner Ronda D
Bought by
Minnesota Housing Finance Agency

Purchase Details

Closed on
Dec 7, 2001
Sold by
Olson Robert A and Olson Mary Jo
Bought by
Wagner Scott O and Wagner Ronda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,351
Interest Rate
6.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Quit Claim Deed -- None Available
Limited Warranty Deed -- None Available
Warranty Deed -- None Available
Trustee Deed $63,225 None Available
Warranty Deed $64,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $663,500 New Conventional
Closed $90,000 Small Business Administration
Closed $36,300 Commercial
Closed $36,200 Commercial
Closed $76,500 Commercial
Closed $85,000 Future Advance Clause Open End Mortgage
Previous Owner $64,351 FHA
Closed $3,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2012 04/20/12 Sold $17,000 0.0% $10 / Sq Ft
04/20/2012 04/20/12 Sold $17,000 -2.9% $11 / Sq Ft
02/28/2012 02/28/12 Pending -- -- --
02/27/2012 02/27/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $17,500 -- $10 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $1,590 $95,600 $6,600 $89,000
2022 $1,222 $81,300 $6,600 $74,700
2021 $1,122 $68,000 $6,600 $61,400
2020 $1,112 $63,000 $6,600 $56,400
2019 $1,200 $63,000 $6,600 $56,400
2018 $1,184 $69,500 $11,200 $58,300
2017 $1,214 $69,500 $11,200 $58,300
2016 $1,186 $72,700 $11,300 $61,400
2015 $1,142 $72,700 $11,300 $61,400
2014 $1,142 $69,600 $11,300 $58,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3594703

REALTOR® Association of Southern Minnesota

APN: 140009003800