$17,000
SOLD APR 20, 2012

2406 3rd Ave E Hibbing, MN 55746

2 Beds
3 Baths
1,600 Sq Ft
3,093 Sq Ft Lot

Recently Sold

$11 Per Sq Ft

About This Home

As of April 2012

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

Last Agent to Sell the Property

Josh Renskers

Village Realty License #20388696 Listed on: 02/27/2012

Last Buyer's Agent

Josh Renskers

Village Realty License #20388696 Listed on: 02/27/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 125 x 25

Parking

  • Garage

Home Design

  • 1,600 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Basement

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

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $500
  • Gross Income $10,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Percent Of Bsmnt Finished: 20
  • Real Estate Tax: 463
  • Total Above Grade Sq Ft: 1420
  • Type: Duplex
  • Year Built: 1920
  • Lot Size Length: 125
  • Lot Size Width: 25
  • Insurance Expenses: 500
  • Laundry Storage: Extra Storage
  • Projected Income: 10200
  • Repairs Maint Expenses: 500
  • Total Income: 10200
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1600
  • Basement: Full, Rock
  • Lower Level Sq Ft: 900
  • Main Level Sq Ft: 900
  • Upper Level Sq Ft: 520

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking: Garage, On Street Parking

Utilities

  • Heating: Gas, Hot Water

Fee Information

  • Rent Income: 10200

Schools

  • School District: Hibbing

Lot Info

  • Zoning: RES

Rental Info

  • Actual Income: 10200

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 463

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
15.64%

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
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
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: Range Association of 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
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

  • J

    Seller's Agent in 2012

    Joshua Renskers

    Village Realty

  • Josh Renskers

    Seller's Agent in 2012

    Josh Renskers

    Village Realty

    (218) 969-8901

    26 in this area

    46 Total Sales

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Map

Source: Range Association of REALTORS®

MLS Number: 118528

Range Association of REALTORS®

APN: 140009003800

Minnesota St Louis County Hibbing 55746

2406 3rd Ave E, Hibbing, MN

This home is located at 2406 3rd Ave E, Hibbing, MN 55746 and is currently priced at $17,000, approximately $10 per square foot. This property was built in 1920. 2406 3rd Ave E is a home located in St. Louis County with nearby schools including Lincoln Elementary School, Washington Elementary School, and Hibbing High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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