NOT LISTED FOR SALE

3419 River Rd Grand Rapids, MN 55744

Estimated Value: $168,000 - $211,000

4 Beds
2 Baths
1,792 Sq Ft
$107/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $142,000 $79 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,238/month

86 Days on Market

About This Home

As of June 2023

Welcome to your next investment property on the Mississippi River. With 1.36 acres of land, you'll have plenty of space to relax and enjoy the beauty of the outdoors. The duplex itself boasts two spacious units, each with its own private entrance. Both units feature an open floor plan with plenty of natural light and stunning views of the river.Located on the Mississippi River, this property offers easy access to boating and other water activities. It's also just a short drive from downtown, where you'll find plenty of restaurants, shops, and entertainment options. Overall, this profitable duplex is the perfect investment opportunity for anyone looking to own a stunning property on the Mississippi River.

Last Agent to Sell the Property

Malcolm Wallaker

eXp Realty Listed on: 03/08/2023

eXp Realty

Last Buyer's Agent

Malcolm Wallaker

eXp Realty Listed on: 03/08/2023

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,019

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 240x247x240
  • 150 Feet of Waterfront
  • River Front

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Boiler Heating System
  • 100 Amp Service
  • Private Water Source

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for electricity, repairs, taxes, trash collection
  • Assessor Parcel Number 910352111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,019

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: Private
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 896
  • Water Body Name: Mississippi River
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 1792
  • Below Grade Finished Sq Ft: 896
  • Owner Pays: Electricity, Repairs, Taxes, Trash Collection
  • Basement YN: Yes
  • Number Of Fireplaces: 1
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Deck
  • Lake Acres: 0
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 10-15
  • Waterfront Frontage: 150

Garage/Parking

  • Parking Features: Concrete
  • Garage Square Feet: 0

Utilities

  • Heating: Boiler
  • Sewer: Private Sewer
  • Electric: 100 Amp Service
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Greenway
  • SchoolDistrictNumber: 316
  • SchoolDistrictPhone: 218-247-7306

Lot Info

  • Waterfront YN: Yes
  • Lot Size: 240x247x240
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 4200.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 910352111
  • Tax Annual Amount: 2019
  • TaxWithAssessments: 2064.0000

Multi Family

  • ElectricExpense: 3000
  • WaterfrontFeatures: River Front
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Jun 1, 2023
Sold by
Lowe Mark
Bought by
Duko Properties Llc
Seller's Agent
Malcolm Wallaker
eXp Realty
Buyer's Agent
Malcolm Wallaker
eXp Realty
List Price
$149,999
Sold Price
$142,000
Premium/Discount to List
-$7,999
-5.33%
Views
426
Current Estimated Value
$192,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,197
Avg. Annual Appreciation
13.56%
Original Mortgage
$141,000
Outstanding Balance
$137,230
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$54,967

Purchase Details

Closed on
May 23, 2016
Sold by
Skelly Billie Jo and Skelly Lowe Billie Jo
Bought by
Smith Stephen R and Smith Cheryl J

Purchase Details

Closed on
Dec 23, 2014
Sold by
Smith Stephen R and Smith Cheryl J
Bought by
Skelly Lowe Billie Jo
Source: Public Records

Range of Values:

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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
Duko Properties Llc $142,000 --
Smith Stephen R -- None Available
Skelly Lowe Billie Jo $74,900 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duko Properties Llc $141,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $142,000 -5.3% $79 / Sq Ft
03/08/2023 03/08/23 For Sale $149,999 -- $84 / Sq Ft
Source: NorthstarMLS

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 $2,626 $131,800 $58,900 $72,900
2023 $2,626 $122,700 $58,900 $63,800
2022 $2,064 $105,500 $41,700 $63,800
2021 $1,774 $104,200 $36,700 $67,500
2020 $1,824 $88,100 $36,700 $51,400
2019 $1,874 $88,100 $36,700 $51,400
2018 $1,864 $88,100 $36,700 $51,400
2017 $1,828 $0 $0 $0
2016 $1,804 $0 $0 $0
2015 $1,772 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6340353

NorthstarMLS

APN: 91-035-2111