NOT LISTED FOR SALE

2502 5th Ave E Hibbing, MN 55746

Estimated Value: $77,000 - $168,000

4 Beds
4 Baths
3,196 Sq Ft
$38/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $124,500 $39 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $681/month

198 Days on Market

About This Home

As of June 2018

One of the Best Rentals in Town. Neat Clean and Well Maintained. Tenants Only Pay for Electric. Vacancies are Rare so Check this one out Today!!! Expenses and Income can vary and are estimated.

Last Agent to Sell the Property

Robin Cicmil

Village Realty License #40962454 Listed on: 11/10/2017

Last Buyer's Agent

Wayne Johnson

Johnson Hometown Realty License #90273

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $586

Year Built

  • Built in 1941

Lot Details

  • Lot Dimensions are 125 x 60

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,196 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,000
  • Utility Expense $4,020
  • Net Operating Income $15,714

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$586

Year Built

Built in 1941

Lot Details

4,225 Sq Ft Lot

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 11/10/2017
  • Real Estate Tax: 586
  • Type: Fourplex
  • Year Built: 1941
  • Lot Size Length: 125
  • Lot Size Width: 60
  • Utilities Expenses: 4020
  • Insurance Expenses: 1000
  • Laundry Storage: Extra Storage
  • Net Income: 15714
  • Rent: Month To Month
  • Repairs Maint Expenses: 1000
  • Total Expense: 8286
  • Total Income: 24000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 3196
  • Basement: Full, Poured

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Garage/Parking

  • Parking: Parking Area

Utilities

  • Utilities: City Sewer, City Water, Steam
  • Heating: Steam, Hot Water

Fee Information

  • Rent Income: 2000

Lot Info

  • Zoning: res

Multi Family

  • Management Expenses: 1680
  • Number Of Units: 4

Tax Info

  • Taxes: 586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2017
Closed on
Jun 26, 2018
Sold by
Armstrong John A
Bought by
Marcus Rentals Llc
Seller's Agent
Robin Cicmil
Village Realty
Buyer's Agent
Wayne Johnson
Johnson Hometown Realty
List Price
$139,900
Sold Price
$124,500
Premium/Discount to List
-$15,400
-11.01%
Current Estimated Value
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,500
Avg. Annual Appreciation
-0.16%
Original Mortgage
$100,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2009
Sold by
Durbin William C and Durbin Barbara J
Bought by
Lendacky Joseph A and Lendacky Nona E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Marcus Rentals Llc $124,500 Sellman Title Company Llc
Lendacky Joseph A $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Marcus Rentals Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $124,500 -11.0% $39 / Sq Ft
11/10/2017 11/10/17 For Sale $139,900 -- $44 / Sq Ft
Source: Range Association of REALTORS®

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 $494 $31,100 $2,400 $28,700
2023 $494 $22,100 $4,200 $17,900
2022 $354 $19,700 $4,200 $15,500
2021 $352 $19,700 $4,200 $15,500
2020 $430 $19,700 $4,200 $15,500
2019 $454 $24,300 $2,900 $21,400
2018 $452 $26,300 $2,900 $23,400
2017 $464 $26,500 $3,100 $23,400
2016 $454 $27,800 $3,100 $24,700
2015 $215 $13,100 $2,000 $11,100
2014 $215 $13,100 $2,000 $11,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 133340

Range Association of REALTORS®

APN: 140009005052

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