NOT LISTED FOR SALE

402 S 2nd Ave Virginia, MN 55792

Estimated Value: $71,000 - $100,101

4 Beds
2 Baths
1,598 Sq Ft
$55/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $30,000 $19 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $582/month

Highlights

  • Heating System Uses Steam
  • Rock Ridge High School Rated 10
  • 2-minute walk to Bridge View Park

About This Home

As of October 2016

VIRGINIA: 2nd Ave Prime location for business front or investment property as a Duplex. Property has been used as an corporate office with living quarters above. Main Office includes reception/lobby area, 1/2 bath, 2 Offices, Break Room. Apartment consists of 2 Bedrooms, Kitchen, Dining, Living Areas and a 3/4 bath. There is also a carport in the rear.

Last Agent to Sell the Property

Stuart Johansen

Northland Realty License #40082401 Listed on: 08/31/2016

Last Buyer's Agent

Mike Zupetz

Culbert Realty License #40158261

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 1,481

Parking

  • Paved Parking

Home Design

  • 1,598 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Additional Features

  • Lot Dimensions are 50 x 30
  • Heating System Uses Steam

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Real Estate Tax: 927.20
  • Type: Duplex
  • Year Built: 1910
  • Lot Size Length: 50
  • Lot Size Width: 30
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1598
  • Basement: Full, Rock

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking: On Street Parking, Paved

Utilities

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

Lot Info

  • Zoning: R/C

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 927.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
Mesabi Property Mangement Llc
Bought by
Northern Minnesota Rentals Inc
Current Estimated Value
$88,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Outstanding Balance
$51,807
Interest Rate
6.13%
Mortgage Type
Credit Line Revolving
Estimated Equity
$36,468

Purchase Details

Listed on
Aug 31, 2016
Closed on
Oct 31, 2016
Sold by
Firs National Bank Of Buhl
Bought by
Mesabi Property Management Llc
Seller's Agent
Stuart Johansen
Northland Realty
Buyer's Agent
Mike Zupetz
Culbert Realty
Sold Price
$30,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.39%

Purchase Details

Closed on
Sep 13, 2012
Sold by
Peterson Steven and Peterson Christine A
Bought by
First National Bank Of Buhl

Purchase Details

Closed on
May 17, 2004
Sold by
Denbar Enterprises Inc
Bought by
Pro Form Manufacturing Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Northern Minnesota Rentals Inc -- --
Mesabi Property Management Llc $30,000 Up North Title Inc
First National Bank Of Buhl -- None Available
Pro Form Manufacturing Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northern Minnesota Rentals Inc $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $30,000 -- $19 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
Source: Range Association of REALTORS®

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 $1,480 $73,700 $1,200 $72,500
2023 $1,480 $53,400 $1,200 $52,200
2022 $780 $33,900 $1,100 $32,800
2021 $680 $36,200 $1,100 $35,100
2020 $664 $30,900 $1,100 $29,800
2019 $808 $30,900 $1,100 $29,800
2018 $802 $33,000 $1,800 $31,200
2017 $984 $33,000 $1,800 $31,200
2016 $964 $36,200 $1,800 $34,400
2015 $927 $38,400 $1,800 $36,600
2014 $927 $38,400 $1,800 $36,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 125490

Range Association of REALTORS®

APN: 090001012395