NOT LISTED FOR SALE

305 Main Ave Bigfork, MN 56628

Estimated Value: $85,238

4 Beds
3 Baths
3,400 Sq Ft
$25/Sq Ft Est. Value

Sale Details

Date Sold: January 24, 2025

Last sale price $82,500 $24 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $595 / mo

101 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Forced Air Heating System
  • No Interior Steps

About This Home

As of January 2025

Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28,004.04 a year with expenses being around $9,155 for a net income of $18,849!

Last Agent to Sell the Property

Joseph Tome

GRAND PROPERTIES REAL ESTATE Listed on: 09/10/2024

Last Buyer's Agent

Bridger Hopkins

Pemberton RE

Pemberton RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,914

Year Built

  • Built in 1960

Lot Details

  • 6,098

Home Design

  • Triplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 3,400 Sq Ft Home
  • 1-Story Property
  • Basement
  • Block Basement Construction
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Propane

Additional Features

  • No Interior Steps
  • Deck
  • Lot Dimensions are 60x92x62x109

Community Details

  • 3 Units
  • Fourth Add To Bigfork Subdivision

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electricity, snow removal, trash collection
  • The owner pays for electricity, fuel, repairs, taxes
  • Assessor Parcel Number 854400220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,914

Year Built

Built in 1960

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: No Stairs Internal
  • Water Source: City Water/Connected
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 3400
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 3400
  • Owner Pays: Electricity, Fuel, Repairs, Taxes
  • Basement YN: Yes
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Metal
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Asphalt
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: In Unit
  • Electric: 100 Amp Service
  • Fuel: Propane
  • Power Company: Minnesota Power

Schools

  • Junior High Dist: Grand Rapids
  • SchoolDistrictPhone: 2183275704

Lot Info

  • Lot Size: 60x92x62x109
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Business/Commercial
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick
  • Units Total: 3

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 854400220
  • Tax Annual Amount: 1914
  • TaxWithAssessments: 1914

Multi Family

  • TenantPays: Broadband, Cable TV, Electricity, Snow Removal, Trash Collection
  • ElectricExpense: 600
  • FuelExpense: 4000
  • Number Of Refrigerators: Two

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
Sep 10, 2024
Closed on
Jan 24, 2025
Sold by
Bought by
Seller's Agent
Joseph Tome
GRAND PROPERTIES REAL ESTATE
Buyer's Agent
Bridger Hopkins
Pemberton RE
List Price
$120,000
Sold Price
$82,500
Premium/Discount to List
-$37,500
-31.25%
Views
56
Current Estimated Value
$85,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,738
Avg. Annual Appreciation
2.23%

Purchase Details

Closed on
Apr 6, 2023
Sold by
Bought by

Purchase Details

Closed on
May 6, 2022
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 2021
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2020
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 2012
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$82,500 Midland Title
$6,050,000 --
$50,000 --
-- None Available
$62,000 --
$30,000 None Available
$30,000 None Available
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
Previous Owner $50,000
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
01/24/2025 01/24/25 Sold $82,500 -2.9% $24 / Sq Ft
12/20/2024 12/20/24 Pending -- -- --
12/02/2024 12/02/24 Price Changed $85,000 -15.0% $25 / Sq Ft
11/20/2024 11/20/24 Price Changed $100,000 -9.1% $29 / Sq Ft
10/28/2024 10/28/24 Price Changed $110,000 -8.3% $32 / Sq Ft
09/10/2024 09/10/24 For Sale $120,000 -- $35 / Sq Ft
Source: NorthstarMLS

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 $1,704 $71,500 $4,500 $67,000
2023 $1,704 $70,900 $4,500 $66,400
2022 $1,758 $70,900 $4,500 $66,400
2021 $1,826 $60,800 $4,500 $56,300
2020 $1,614 $60,800 $4,500 $56,300
2019 $1,654 $60,800 $4,500 $56,300
2018 $1,608 $60,800 $4,500 $56,300
2017 $1,852 $0 $0 $0
2016 $1,854 $0 $0 $0
2015 $1,828 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6599932

NorthstarMLS

APN: 85-440-0220

Your Personal Tour Guide

Ask me questions while you tour the home.