NOT LISTED FOR SALE

3018 Midway Rd Duluth, MN 55810

Estimated Value: $312,000 - $350,019

2 Beds
1 Bath
1,752 Sq Ft
$190/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $226,000 $129 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,946/month

3 Days on Market

Highlights

  • 10 Acre Lot
  • Ranch Style House
  • 2 Car Detached Garage
  • Proctor Senior High School Rated 9+
  • Den
  • Living Room

About This Home

As of August 2020

Move-in ready neat and clean home on 10 acres with beautiful hardwoods throughout and 2 car garage plus storage shed. This home features 2 bedrooms on the main level and 2 potential bedrooms in the basement by simply adding egress windows. Eat-in kitchen features a large breakfast bar. Large laundry room with bench for folding and storage. A nice mix of wooded and open yard. There is an area in the back of the property which is cleared the previous owner was going to plant an orchard.

Last Agent to Sell the Property

Corrine Hobbs

Edina Realty, Inc. - Duluth Listed on: 07/06/2020

Edina Realty, Inc. - Duluth

Last Buyer's Agent

Katie Carter

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,088

Year Built

  • Built in 1957

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 330x1320

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • Wood Burning Fireplace
  • Living Room
  • Den

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement

Utilities

  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 450-0010-02500

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,088

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Midway RD 1.5 miles from freeway
  • L O1 Office Phone1 Number: 218-728-7700
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 988
  • Below Grade Finished Sq Ft: 764
  • Garage Type: Detached
  • Heat: Propane, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1957
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Basement
  • RoomLevel6: Basement
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Den/Office
  • Stories: 1 Story
  • Room 6: Den/Office
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1752
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Proctor #704

Lot Info

  • Estimated Lot Dimensions: 330x1320
  • Estimated Number of Acres: 10
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 450-0010-02500

Tax Info

  • Tax Amount: 2088

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 14, 2020
Sold by
Meidi Brandy M and Potter Brandy M
Bought by
Pearson Andrew and Gillette Mehgan
Seller's Agent
Corrine Hobbs
Edina Realty, Inc. - Duluth
Buyer's Agent
Katie Carter
RE/MAX Results
List Price
$226,000
Sold Price
$226,000
Current Estimated Value
$332,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,255
Avg. Annual Appreciation
7.59%
Original Mortgage
$214,700
Outstanding Balance
$189,665
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$142,590

Purchase Details

Closed on
Sep 26, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Potter Steven R and Potter Brandy M

Purchase Details

Closed on
Apr 16, 2010
Sold by
Midfirst Bank
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Oct 15, 2009
Sold by
Hofstrand Daniel P and Hofstrand Trista J
Bought by
Midfirst Bank

Purchase Details

Closed on
Feb 28, 2007
Sold by
Hanson Viola M
Bought by
Hofstrand Daniel P and Hofstrand Trista J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,941
Interest Rate
6.31%
Mortgage Type
FHA
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
Pearson Andrew $225,757 Results Title
Potter Steven R -- Northwest Title Agency Inc
The Secretary Of Housing & Urban Develop -- Arrow Abst
Midfirst Bank $141,577 None Available
Hofstrand Daniel P $135,000 Rels
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Andrew $214,700
Previous Owner Hofstrand Daniel P $133,941
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2020 08/17/20 Sold $226,000 0.0% $129 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $226,000 -- $129 / Sq Ft
Source: Lake Superior Area 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 $2,334 $242,600 $74,000 $168,600
2023 $2,334 $223,600 $70,600 $153,000
2022 $2,306 $209,100 $67,000 $142,100
2021 $2,086 $193,500 $64,500 $129,000
2020 $2,088 $179,000 $63,600 $115,400
2019 $1,874 $175,800 $53,800 $122,000
2018 $1,926 $164,200 $51,000 $113,200
2017 $1,768 $164,200 $51,000 $113,200
2016 $1,778 $155,400 $51,000 $104,400
2015 $1,433 $111,800 $52,000 $59,800
2014 $1,433 $106,700 $51,400 $55,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6091400

APN: 450001002500