$145,000
SOLD JUL 16, 2025

408 Midway Ave Proctor, MN 55810

2 Beds
1 Bath
738 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

16 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Eat-In Kitchen
  • Proctor Senior High School Rated 9+
  • 1 Car Detached Garage
  • Views

About This Home

As of July 2025

Recently remodeled 2 bed 1 bath home for sale! Home has appraised market value of $200,000, but is being sold $55,000 below value to income eligible households. Buyer’s gross annual income cannot exceed the following (household size in parenthesis): $56,350 (1); $64,400 (2); $72,450 (3); $780,500 (4); $86,950 (5); $93,400 (6) $99,850 (7) $106,300 (8).

Last Agent to Sell the Property

Yoana Sol

1 Roof Community Housing Listed on: 05/27/2025

Last Buyer's Agent

Bill Wagner

Coldwell Banker Realty - Duluth

Coldwell Banker Realty - Duluth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,453

Year Built

  • Built in 1937

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x125
  • Land Lease of $37

Parking

  • 1 Car Detached Garage

Home Design

  • Home to be built
  • Ranch Style House
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 738 Sq Ft Home
  • Combination Dining and Living Room
  • Eat-In Kitchen
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 450-0070-00700

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,453

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Hwy 2 turn west on 2nd St/Cty 11. Turn R on Midway Ave. Property is on the right.
  • L O1 Office Phone1 Number: 218-727-5372
  • LotLeaseAmount: 37
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 738
  • Garage Type: Detached
  • Heat: Forced Air, Natural Gas
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1937
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Living Room, Eat-In Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 738
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: To Be Built/Floor Plan
  • Exterior: Vinyl

Garage/Parking

  • Garage Capacity: 1

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Proctor #704

Lot Info

  • Estimated Lot Dimensions: 80 x125
  • Estimated Number of Acres: 0.23
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 450-0070-00700

Rental Info

  • Lease Terms: Conventional, MHFA/WHEDA

Tax Info

  • Tax Amount: 1453

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2011
Sold by
Wallace Tanya K
Bought by
Northern Communities Land Trust
Current Estimated Value
$154,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,654
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2006
Sold by
Pierson Kurtis E
Bought by
Wallace Tanya K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,100
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2001
Sold by
Fechner David W and Fechner Sherri C
Bought by
Pierson Kurtis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,224
Interest Rate
7.18%
Mortgage Type
VA
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $83,000 Arrowhead A&T
Warranty Deed $87,100 Rels
Warranty Deed $55,000 Consolidated Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $83,654 Purchase Money Mortgage
Previous Owner $87,100 Purchase Money Mortgage
Previous Owner $52,224 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2025 07/16/25 Sold $145,000 0.0% $196 / Sq Ft
06/12/2025 06/12/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $145,000 +88.3% $196 / Sq Ft
10/17/2012 10/17/12 Sold $77,000 0.0% $104 / Sq Ft View Prior Sale
08/28/2012 08/28/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $77,000 -- $104 / Sq Ft
Source: Lake Superior Area 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 $1,482 $138,800 $28,500 $110,300
2023 $1,482 $120,100 $25,900 $94,200
2022 $1,098 $114,700 $25,000 $89,700
2021 $1,112 $108,900 $24,600 $84,300
2020 $1,194 $108,900 $24,600 $84,300
2019 $1,058 $115,800 $37,100 $78,700
2018 $1,102 $106,600 $33,700 $72,900
2017 $1,086 $106,500 $33,600 $72,900
2016 $958 $106,500 $33,600 $72,900
2015 $662 $47,600 $20,100 $27,500
2014 $662 $47,600 $20,100 $27,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6119593

APN: 450007000700