NOT LISTED FOR SALE

2420 7th Ave E Hibbing, MN 55746

Estimated Value: $134,000 - $162,101

3 Beds
2 Baths
1,496 Sq Ft
$100/Sq Ft Est. Value

Last Sold February 08, 2022

Last sale price $129,000 $86 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $858/month

52 Days on Market

Highlights

  • Garage
  • Heating System Uses Steam
  • Washer and Dryer

About This Home

As of February 2022

Beautiful duplex located close to all the schools. The remodeled main floor unit offers 2 bedrooms a large open dining room living room area and a bright kitchen. The upper unit is a one bedroom with a nice main area and a very large bedroom. The outside of this home has beautiful gardens and landscaping. The large oversized one car garage and fresh paint complete this home. The options are endless for this property, live in one units rent out the other, rent out both units, this could also make an awesome Airbnb as the Dylan house is across the street.

Last Agent to Sell the Property

Brian Grzybowski

RE/MAX Professionals License #20345358 Listed on: 11/18/2021

RE/MAX Professionals

Last Buyer's Agent

Matt Rengstorf

Perrella & Associates License #40752619

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $314

Year Built

  • Built in 1935

Lot Details

  • 4,443

Parking

  • Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,496 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Additional Features

  • Lot Dimensions are 85 x 55
  • Heating System Uses Steam

Community Details

Overview

  • 2 Units

Building Details

  • Utility Expense $380
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$314

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 11/18/2021
  • Percent Of Bsmnt Finished: 20
  • Real Estate Tax: 314
  • Type: Duplex
  • Year Built: 1935
  • Lot Size Length: 85
  • Lot Size Width: 55
  • Utilities Expenses: 380
  • Laundry Storage: Washer/Dryer
  • Projected Income: 18000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1496
  • Basement: Full

Exterior Features

  • Exterior: Steel
  • Roof: Shingle

Garage/Parking

  • Parking: Parking Area, Garage

Utilities

  • Heating: Steam

Lot Info

  • Zoning: res

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 314

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Feb 10, 2022
Sold by
Nelson James T and Nelson Tiffany
Bought by
Slininger Dominic
Seller's Agent
Brian Grzybowski
RE/MAX Professionals
Buyer's Agent
Matt Rengstorf
Perrella & Associates
List Price
$124,900
Sold Price
$129,000
Premium/Discount to List
$4,100
3.28%
Current Estimated Value
$150,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,275
Avg. Annual Appreciation
4.00%
Original Mortgage
$126,663
Outstanding Balance
$117,392
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$32,883

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jun 10, 2016
Sold by
Waselk Carol J and Waselk Peter
Bought by
Nelson James T and Nelson Tiffany
Seller's Agent
Laurio Brown
1ST Realty Rangewide Inc
Buyer's Agent
Brian Grzybowski
RE/MAX Professionals
Sold Price
$49,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.40%
Original Mortgage
$48,602
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 2015
Sold by
Marinac Robert D
Bought by
Waselk Carol J
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
Slininger Dominic $129,000 American Title
Nelson James T $49,500 All Am Title
Waselk Carol J $13,751 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slininger Dominic $126,663
Previous Owner Nelson James T $48,602
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2022 02/08/22 Sold $129,000 +3.3% $86 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
11/18/2021 11/18/21 For Sale $124,900 +152.3% $83 / Sq Ft
06/10/2016 06/10/16 Sold $49,500 -- $33 / Sq Ft View Prior Sale
04/27/2016 04/27/16 Pending -- -- --
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
2024 $842 $118,900 $9,000 $109,900
2023 $842 $83,800 $8,800 $75,000
2022 $364 $71,800 $8,800 $63,000
2021 $314 $60,500 $8,800 $51,700
2020 $310 $56,200 $8,800 $47,400
2019 $210 $56,200 $8,800 $47,400
2018 $204 $48,000 $12,400 $35,600
2017 $214 $48,000 $12,400 $35,600
2016 $816 $50,000 $12,600 $37,400
2015 $210 $30,000 $7,600 $22,400
2014 $77 $28,900 $7,600 $21,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 142635

Range Association of REALTORS®

APN: 140009004620