NOT LISTED FOR SALE

302 Commonwealth Ave Unit 304 Commonwealth Ave Duluth, MN 55808

Gary-New Duluth Neighborhood
14 Beds
7 Baths
8,000 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: May 1, 2012

Last sale price $312,500 $39 Per Sq Ft

132 Days on Market

Highlights

  • Corner Lot
  • Views
  • Coin Laundry
  • Brick Exterior Construction
  • Forced Air Heating System

About This Home

As of May 2012

Very well maintained Brick 7 unit building. Most tenants pay cooking gas, gas water heater, and electric. 2 new HE gas furnaces heat entire building. Most units have updated kitchens and all baths have showers. Some long term tenants. Coin-op laundry. Additional income potential available in Basement storage for cars, boats, etc. Very nice building!

Last Agent to Sell the Property

Kevin Lomen

RE/MAX Results Listed on: 10/26/2011

RE/MAX Results

Last Buyer's Agent

Nick Christensen

Great Water Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,459

Year Built

  • Built in 1916

Lot Details

  • 11,761 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 12 Car Garage
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Property Views

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 7 Units
  • Coin Laundry

Listing and Financial Details

  • Tenant pays for electric, fuel
  • Assessor Parcel Number 010-3430-04410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,459

Year Built

Built in 1916

Lot Details

0.27 Acres

Parking

12

Listing Details

  • Class: MULTI-FAMILY
  • Directions: W on Grand Ave (Hwy 23) into Gary/New Duluth, Building is on corner of Commonwealth & Heard St
  • L O1 Office Phone1 Number: 218-722-2810
  • Tax Year: 2012
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Amenities3: Cable TV
  • Amenities4: Cable TV
  • CondoPropertyType: Other
  • Mfg And Park Info Construction Type: Brick
  • FinFootageAboveGrade: 8000
  • F I R E P L A C E2: No
  • Upper Level Totals:Fireplace3: No
  • Garage Type: None
  • Heat: Forced Air, Natural Gas, Electric
  • Laundry: Coin Operated Leased, Coin Operated Owned
  • Parking Number Garage Spaces: 12
  • Reso Roof: Flat, Rubber
  • TotalBedrooms: 14
  • MediaType: Multi-Family
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Unit Features:Fireplace4: No
  • Stories: 2 Story
  • Total Bathrooms: 7
  • Total Fin Square Footage: 8000

Exterior Features

  • Road Frontage: Curb/Gutters, Paved, Sidewalk
  • Exterior: Brick

Garage/Parking

  • Parking Driveway: Off Street, Street

Utilities

  • Sewer: City
  • Water: City

Association/Amenities

  • AmenitiesOtherAmenities1: Cable TV
  • Association Fees Include:Amenities2: Cable TV
  • AmenitiesFireplace1: No

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 60 x 140 + 25 x 140
  • Estimated Number of Acres: 0.27
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Corner Lot, Level
  • Parcel Number: 010-3430-04410

Rental Info

  • Tenant Expense: Electric, Fuel

Tax Info

  • Tax Amount: 5459.24

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2011
Closed on
May 1, 2012
Sold by
Bought by
Seller's Agent
Kevin Lomen
RE/MAX Results
Buyer's Agent
Nick Christensen
Great Water Real Estate
List Price
$350,000
Sold Price
$312,500
Premium/Discount to List
-$37,500
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
0.0408%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
0.0685%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$312,500 Arrow Abst
$312,500 Arrow Abst
$310,000 Arrowhead Abstract & Title
$310,000 Arrowhead A & T
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $375,000
Closed $375,000
Closed $250,000
Previous Owner $279,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/01/2012 05/01/12 Sold $312,500 -10.7% $39 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
10/26/2011 10/26/11 For Sale $350,000 -- $44 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,728 $429,800 $23,800 $406,000
2023 $7,180 $421,300 $23,300 $398,000
2022 $7,800 $416,300 $23,600 $392,700
2021 $6,994 $388,400 $55,700 $332,700
2020 $7,202 $356,300 $38,900 $317,400
2019 $5,964 $356,500 $39,300 $317,200
2018 $5,608 $297,600 $32,800 $264,800
2017 $5,594 $297,600 $32,800 $264,800
2016 $5,440 $6,400 $6,400 $0
2015 -- $297,600 $32,800 $264,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 160858

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