NOT LISTED FOR SALE

311 E 38th St Hibbing, MN 55746

8 Beds
5 Baths
3,360 Sq Ft
1952 Built

Last Sold April 29, 2016

Last sale price $67,000 $20 Per Sq Ft

About This Home

As of April 2016

6 unit apt building. Four 2 bedroom units & two efficiency units. Owner has updated many of the units (floors cabinet counter tops, bathrooms) Refriges & Stoves new in 2013. Private off street parking and street parking. Large side yard big enough for garden or to build garage. Residential area close to Greenhaven school.

Last Agent to Sell the Property

Darlene Majkich

RE/MAX Professionals License #20247802 Listed on: 04/01/2016

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,524

Year Built

  • Built in 1952

Parking

  • Parking Lot

Home Design

  • 3,360 Sq Ft Home
  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Additional Features

  • Lot Dimensions are 125 x 40
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,500
  • Utility Expense $6,500
  • Gross Income $27,600
  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,524

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame, Concrete, Concrete Block
  • Real Estate Tax: 1,524.
  • Type: Apartment Complex
  • Year Built: 1952
  • Lot Size Length: 125
  • Lot Size Width: 40
  • Utilities Expenses: 6500
  • Insurance Expenses: 1500
  • Net Income: 8000
  • Projected Income: 27600
  • Rent: Negotiable
  • Repairs Maint Expenses: 6000
  • Total Expense: 14000
  • Total Income: 22000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 3360

Exterior Features

  • Exterior: Partial Brick, Stucco
  • Roof: Shingle

Garage/Parking

  • Parking: Parking Lot

Utilities

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

Fee Information

  • Rent Income: 22000

Lot Info

  • Zoning: res

Rental Info

  • Actual Income: 22000

Multi Family

  • Number Of Units: 6

Tax Info

  • Taxes: 1,523

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2016 04/29/16 Sold $67,000 -29.5% $20 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
02/24/2012 02/24/12 Sold $95,000 -- $28 / Sq Ft View Prior Sale
01/30/2012 01/30/12 Pending -- -- --
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
2024 $1,444 $73,700 $14,800 $58,900
2023 $1,444 $69,800 $25,900 $43,900
2022 $1,420 $64,000 $25,900 $38,100
2021 $1,406 $64,000 $25,900 $38,100
2020 $928 $64,000 $25,900 $38,100
2019 $904 $42,600 $14,000 $28,600
2018 $968 $42,600 $14,000 $28,600
2017 $1,004 $46,200 $14,100 $32,100
2016 $980 $48,900 $14,900 $34,000
2015 $1,524 $75,600 $13,900 $61,700
2014 $1,524 $75,600 $13,900 $61,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 124080

Range Association of REALTORS®