311 E 7th St Duluth, MN 55805
Central Hillside NeighborhoodEstimated Value: $179,000 - $190,000
2
Beds
1.5
Baths
1,200
Sq Ft
$153/Sq Ft
Est. Value
Highlights
- New Construction
- Contemporary Architecture
- Den
- Heated Floors
- No HOA
- 3-minute walk to Hillside Sport Court Park
About This Home
As of March 2024This brand new construction home has an appraised market value of $260,000, but is being sold $85,000 below market value to income qualified buyers. Additional downpayment assistance of up to $15,000 available through the Greater Minnesota Housing Fund to qualified buyers based on need, which could lower the mortgage amount to $160,000. Buyer’s gross annual income cannot exceed the following (household size in parenthesis): $50,600 (1); $57,800 (2); $65,050 (3); $72,250 (4); $78,050 (5); $83,850 (6) $89,600 (7) $95,400 (8). An additional $30,000 in downpayment assistance is available from Fond Du Lac for enrolled tribal members, which could further lower cost to $130,000.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,500
Year Built
- Built in 2024 | New Construction
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 25 x 140
- Land Lease of $36
Parking
- No Garage
Home Design
- Contemporary Architecture
- Slab Foundation
- Poured Concrete
- Wood Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 1,200 Sq Ft Home
- 2-Story Property
- Vinyl Clad Windows
- Combination Dining and Living Room
- Den
- Heated Floors
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
Laundry
- Laundry on upper level
- Dryer
- Washer
Eco-Friendly Details
- Solar Heating System
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 010-1350-00960
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 13, 2024
Closed on
Mar 25, 2024
Sold by
One Roof Community Housing
Bought by
Schrom Marly
Seller's Agent
Jim Philbin
1 Roof Community Housing
Buyer's Agent
Leila Wise
Coldwell Banker Realty - Duluth
List Price
$175,000
Sold Price
$175,000
Total Days on Market
10
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,102
Avg. Annual Appreciation
4.13%
Original Mortgage
$149,800
Outstanding Balance
$148,515
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$34,823
Purchase Details
Closed on
Oct 21, 2022
Sold by
Housing And Redevelopment Authority Of D
Bought by
One Roof Community Housing
Purchase Details
Closed on
Sep 12, 2022
Sold by
Commissioner Of Revenue
Bought by
Housing And Redevelopment Authority Of Duluth
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
Similar Homes in Duluth, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schrom Marly | $250,000 | -- | |
| One Roof Community Housing | $15,396 | None Listed On Document | |
| State Of Minnesota | $15,396 | -- | |
| One Roof Community Housing | $15,396 | -- | |
| Housing And Redevelopment Authority Of Duluth | $3,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schrom Marly | $149,800 | |
| Closed | Schrom Marly | $16,500 | |
| Closed | Schrom Manly M | $15,000 | |
| Closed | Schrom Marly | $166,300 | |
| Previous Owner | One Roof Community Housing | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2024 03/25/24 | Sold | $175,000 | 0.0% | $146 / Sq Ft |
| 02/23/2024 02/23/24 | Pending | -- | -- | -- |
| 02/13/2024 02/13/24 | For Sale | $175,000 | -- | $146 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $1,500 | $15,200 | $15,200 | $0 |
| 2022 | $0 | $14,000 | $14,000 | $0 |
| 2021 | $0 | $13,000 | $13,000 | $0 |
| 2020 | $0 | $11,200 | $11,200 | $0 |
| 2016 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Philbin
J
Seller's Agent in 2024
Jim Philbin
1 Roof Community Housing
(218) 348-6258
5 in this area
108 Total Sales
-
Leila Wise
Buyer's Agent in 2024
Leila Wise
Coldwell Banker Realty - Duluth
(406) 314-7709
1 in this area
40 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6112252
APN: 010135000960
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