NOT LISTED FOR SALE

2715 1st Ave Hibbing, MN 55746

Estimated Value: $156,000 - $239,000

7 Beds
4 Baths
3,360 Sq Ft
$54/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $83,000 $25 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,193/month

Highlights

  • Laundry in Utility Room
  • Garage
  • Heating System Uses Steam

About This Home

As of November 2021

BACK ON THE MARKET!! Retro 4-plex with 4 garage stalls (2 attached, 2 detached). Spacious living spaces - Three 2-bedroom units, and One 1-bedroom unit. Laundry on the main level. Recent insurance work completed. Great condition overall with hardwood floors on the upper level. The layout with extra closets and extra storage space in the garage make the potential for income very appealing. Buy the lot next door and create a "Secret Garden" for your tenants. Schedule a showing today!

Last Agent to Sell the Property

Jill Barrett

Johnson Hometown Realty License #40577815 Listed on: 10/03/2021

Last Buyer's Agent

Anita Raushel

Iron Country Realty License #40196962

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $524

Year Built

  • Built in 1939

Lot Details

  • 6,229

Parking

  • Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 3,360 Sq Ft Home
  • Crawl Space
  • Laundry in Utility Room

Additional Features

  • Lot Dimensions are 125 x 50
  • Heating System Uses Steam

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $120
  • Utility Expense $400
  • Gross Income $2,700
  • Net Operating Income $2,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$524

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 10/03/2021
  • Real Estate Tax: 524.00
  • Total Above Grade Sq Ft: 3360
  • Type: Fourplex
  • Year Built: 1939
  • Lot Size Length: 125
  • Lot Size Width: 50
  • Utilities Expenses: $400
  • Insurance Expenses: 120
  • Laundry Storage: Extra Storage, Inside Utility
  • Net Income: $2250
  • Projected Income: $2700
  • Rent: Negotiable
  • Total Expense: $450
  • Total Income: $2700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 3360
  • Basement: Crawl
  • Main Level Sq Ft: 1860
  • Upper Level Sq Ft: 1500

Exterior Features

  • Exterior: Brick, Steel
  • Roof: Asphalt
  • Outside Features: Garage

Garage/Parking

  • Parking: Garage

Utilities

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

Schools

  • School District: Hibbing

Lot Info

  • Zoning: RES

Multi Family

  • Number Of Units: 4

Tax Info

  • Taxes: $524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Nov 12, 2021
Sold by
Paquette Dennis John and Paquette Tracy Lynn
Bought by
Klingbeil Jeremy
Seller's Agent
Jill Barrett
Johnson Hometown Realty
Buyer's Agent
Anita Raushel
Iron Country Realty
List Price
$79,999
Sold Price
$83,000
Premium/Discount to List
$3,001
3.75%
Current Estimated Value
$182,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,543
Avg. Annual Appreciation
21.12%

Purchase Details

Closed on
Jul 22, 2017
Sold by
Reed Howard Ronald
Bought by
Hoy James Michael

Purchase Details

Closed on
Sep 4, 1980
Sold by
Reed Howard A and Reed Mary P
Bought by
Reed Howard Ronald
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 Buyer Sale Price Title Company
Klingbeil Jeremy $83,000 Sellman Title Company Llc
Hoy James Michael -- None Available
Reed Howard Ronald $1,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $83,000 +3.8% $25 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $79,999 0.0% $24 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/03/2021 10/03/21 For Sale $79,999 -- $24 / 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 $2,744 $130,000 $25,200 $104,800
2022 $1,344 $95,700 $20,700 $75,000
2021 $524 $74,800 $10,300 $64,500
2020 $516 $74,800 $10,300 $64,500
2019 $502 $74,800 $10,300 $64,500
2018 $492 $74,600 $13,200 $61,400
2017 $464 $74,600 $13,200 $61,400
2016 $450 $73,700 $13,200 $60,500
2015 $513 $44,200 $7,900 $36,300
2014 $513 $47,800 $8,600 $39,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 142434

Range Association of REALTORS®

APN: 140010502870