NOT LISTED FOR SALE

402 Michigan Ave W Gilbert, MN 55741

Estimated Value: $144,000 - $173,000

3 Beds
1.5 Baths
1,292 Sq Ft
$120/Sq Ft Est. Value

Last Sold July 09, 2013

Last sale price $75,000 $58 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $937/month

About This Home

As of July 2013

HUGE POLE BARN BUILDING!!! 32 x 63' with 14' walls sits on 4 Lots for over an acre of land in town! Property also features an additional 2 tall garage with newer garage doors, storage sheds, newer cabinets i kitchen, windows under 10 years old and newer appliances. This one-owner, well built home has tons of potential and you will never run out of room for places to put your toys!

Last Agent to Sell the Property

Darcie Novak

My Place Realty Inc License #20549397 Listed on: 05/25/2013

Last Buyer's Agent

Greg Hoffman

Edina Realty, Inc. License #20381267

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $946

Year Built

  • Built in 1949

Lot Details

  • 1.1

Home Design

  • 1,292 Sq Ft Home
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1.5 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 8 Car Detached Garage
  • Garage Door Opener

Utilities

  • Heating System Uses Oil
  • Heating System Uses Wood
  • Electric Water Heater

Additional Features

  • Enclosed Patio or Porch
  • 1.1 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 60-30-4440

Home Details

Home Type

Single Family

Est. Annual Taxes

$946

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Post And Beam, Wood Frame
  • Guttering: Partial
  • Heat: Oil, Wood, Dual Fuel/Off Peak
  • Lower Level Bathrooms: .5
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 60-30-4440
  • Patioporch: Porch, Enclosed
  • Percent Of Bsmnt Finished: 5
  • Real Estate Tax: 946.16
  • Style: 1 1/4 Story
  • Total Above Grade Sq Ft: 1245
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 1292
  • Bedroom 1: Size: 15.2x11.3, On Level: Main
  • Total Bathrooms: 1.5
  • Appliances: Dishwasher, Electric Range, Garage Opener, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Block, Full
  • Bedroom 2: Size: 11.2x10.11, On Level: Main
  • Bedroom 3: Bedroom 3, Size: 14.6x20.7, On Level: Upper
  • Kitchen: Size: 15.4x9.8, On Level: Main
  • Living Room: Size: 19.6x11.2, On Level: Main
  • Lower Level Sq Ft: 936
  • Main Level Bedrooms: 2
  • Main Level Sq Ft: 996
  • Other Room 2: Porch, Size: 12x5, On Level: Main
  • Upper Level Sq Ft: 249

Exterior Features

  • Exterior: Stucco
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 3+ Stalls, Detached
  • Garage Capacity: 8
  • Garage Size: 24x26

Utilities

  • Utilities: City Water, City Sewer
  • Water Heater: Electric

Schools

  • School District: Eveleth/Gilbert -2909

Lot Info

  • Lot Size: Dimensions: 120x120
  • Number Of Acres: 1.1
  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2013
Closed on
Jul 8, 2013
Sold by
Bombich David and Bombich Jeanne Mae
Bought by
Addy Teresa Lynn
Seller's Agent
Darcie Novak
My Place Realty Inc
Buyer's Agent
Greg Hoffman
Edina Realty, Inc.
Sold Price
$75,000
Current Estimated Value
$155,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,224
Avg. Annual Appreciation
5.42%
Original Mortgage
$60,000
Outstanding Balance
$44,310
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$97,843

Purchase Details

Closed on
Oct 5, 2012
Sold by
Bombich William S and Bombich David
Bought by
Bombich David
Source: Public Records

Range of Values:

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

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
Addy Teresa Lynn $75,000 All American Title Co Inc
Bombich David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Addy Teresa Lynn $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2013 07/09/13 Sold $75,000 -- $58 / Sq Ft
05/25/2013 05/25/13 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
2023 $1,102 $103,200 $13,900 $89,300
2022 $1,224 $102,300 $11,600 $90,700
2021 $1,060 $102,300 $11,600 $90,700
2020 $1,014 $89,200 $10,500 $78,700
2019 $926 $89,200 $10,500 $78,700
2018 $840 $89,200 $10,500 $78,700
2017 $932 $86,100 $11,400 $74,700
2016 $900 $86,100 $11,400 $74,700
2015 $980 $61,100 $7,700 $53,400
2014 $980 $64,300 $7,900 $56,400
Source: Public Records

Agents Affiliated with this Home

  • Darcie Novak

    Seller's Agent in 2013

    Darcie Novak

    My Place Realty Inc

    (218) 780-7036

    367 Total Sales

    Section Image
  • Greg Hoffman

    Buyer's Agent in 2013

    Greg Hoffman

    Edina Realty, Inc.

    (800) 584-9426

    159 Total Sales

    Section Image
See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 121420

Range Association of REALTORS®

APN: 060003004440

Minnesota St Louis County Gilbert 55741

402 Michigan Ave W, Gilbert, MN

This home is located at 402 Michigan Ave W, Gilbert, MN 55741 since 25 May 2013 and is currently estimated at $155,224, approximately $120 per square foot. This property was built in 1949. 402 Michigan Ave W is a home located in St. Louis County with nearby schools including Nelle Shean Elementary School, Franklin Elementary School, and Eveleth-Gilbert Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes