NOT LISTED FOR SALE
5 Beds
4 Baths
14,355 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: March 3, 2015

Last sale price $655,000 $46 Per Sq Ft

169 Days on Market

Highlights

  • 0.4 Acre Lot
  • Wood Flooring
  • High Speed Internet
  • Deck
  • Coin Laundry
  • 3-minute walk to Congdon Park

About This Home

As of March 2015

16 unit rental property commonly known as Bostwick Flats. This building has always had great rental appeal with it's proximity to Downtown and public transportation. Building has 9 1-bedroom units and 7 2-bedroom units. Off-street parking and coin-operated laundry. Many updates including newer bathrooms and kitchens. Baths include ceramic tile bath tub surrounds and ceramic floors. Kitchens have newer cabinets, sinks and countertops. Six panel interior doors throughout building. Carpet or maple flooring in bedrooms and living rooms. Most of the south facing units have Lake Superior Views! Excellent Cash Flow!

Last Agent to Sell the Property

Greg Kamp

Coldwell Banker East West Listed on: 08/04/2014

Last Buyer's Agent

Mark Honer

Coldwell Banker East West

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,139

Year Built

  • Built in 1896

Lot Details

  • 17,424 Sq Ft Lot
  • Lot Dimensions are 125x140

Home Design

  • Rubber Roof
  • Stucco Exterior

Interior Spaces

  • 14,355 Sq Ft Home
  • 4-Story Property
  • Wood Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Utilities

  • Boiler Heating System
  • High Speed Internet

Additional Features

  • Deck
  • Ground Level

Community Details

  • 16 Units
  • Coin Laundry
  • Gross Income $122,740

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • Assessor Parcel Number 010-1270-00550, 00540, 00530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,139

Year Built

Built in 1896

Lot Details

0.4 Acres

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Construction: Previously Owned
  • Parcel Number: 010-1270-00550, 00540, 00530
  • Rental License: Yes
  • Stories: 4+ Story
  • Estimated Number of Acres: 0.4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 11484
  • Total Fin Square Footage: 14355
  • Total Square Footage: 14355
  • Below Grade Finished Sq Ft: 2871

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Exterior: Stucco
  • Roof: Rubber
  • Exterior Amenities: Deck

Garage/Parking

  • Number Off Street Parking: 10

Utilities

  • Fuel: Natural Gas
  • Heat: Boiler
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned

Lot Info

  • Estimated Lot Dimensions: 125x140

Rental Info

  • Tenant Expense: Cable TV, Electric

Building Info

  • Year Built: 1896

Multi Family

  • Est Annual Gross Expense: 77461
  • Est Annual Gross Income: 122740

Tax Info

  • Year: 2014
  • Tax Value: 10139.3

MLS Schools

  • School District: Duluth #709

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Feb 19, 2015
Sold by
Bought by
Seller's Agent
Greg Kamp
Coldwell Banker East West
Buyer's Agent
Mark Honer
Coldwell Banker East West
List Price
$729,900
Sold Price
$655,000
Premium/Discount to List
-$74,900
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,870
Outstanding Balance
$390,289
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2003
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$655,000 Pioneer Abstract & Title Of
-- Pioneer
-- Pioneer Abstract & Title Of
$547,500 Pioneer Abstract & Title Of
-- --
$350,000 Ati Title Company
$485,000 Ati Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $526,870
Previous Owner $532,000
Previous Owner $440,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/03/2015 03/03/15 Sold $655,000 -10.3% $46 / Sq Ft
01/20/2015 01/20/15 Pending -- -- --
08/04/2014 08/04/14 For Sale $729,900 -- $51 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,264 $1,097,900 $28,500 $1,069,400
2023 $18,340 $1,082,400 $35,700 $1,046,700
2022 $15,922 $849,600 $28,000 $821,600
2021 $12,414 $792,800 $12,600 $780,200
2020 $12,778 $632,500 $29,400 $603,100
2019 $10,562 $632,500 $29,400 $603,100
2018 $9,932 $527,100 $24,500 $502,600
2017 $9,908 $527,100 $24,500 $502,600
2016 $9,636 $0 $0 $0
2015 -- $527,100 $24,500 $502,600
Source: Public Records

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4656270

REALTOR® Association of Southern Minnesota
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