NOT LISTED FOR SALE

48 Balsam Cir Babbitt, MN 55706

Estimated Value: $84,000 - $142,675

2 Beds
6 Baths
1,124 Sq Ft
$105/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2024

Last sale price $67,000 $60 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $688 / mo

7 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Attached Garage
  • Bathroom on Main Level
  • No HOA
  • Living Room
  • 1-Story Property

About This Home

As of November 2024

This diamond in the rough offers an exciting opportunity for the right buyer. Features include 2 bedrooms, 1 bathroom, a 1-stall garage, open concept layout, and a large fenced backyard. Ample room for customization and upgrades throughout. Perfect for DIY enthusiasts or investors looking to add value. Bring your vision and tools to transform this house into your dream home. Great bones in a property with lots of potential - don't miss this chance to create sweat equity! Call for a tour!

Last Agent to Sell the Property

Norma Jean Jofs

Next Door Realty Listed on: 10/18/2024

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1954

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 121x77

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,124 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Parking

  • 1 Car Attached Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 105-0040-00460

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,370

Year Built

Built in 1954

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow Hwy 21 to Babbitt, turn right onto Babbitt Rd, left onto central Blvd, right onto Balsam Circle and the property is on the left.
  • L O1 Office Phone1 Number: 218-410-5353
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • Half Bathrooms: 5
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1124
  • Garage Type: Attached
  • Heat: Forced Air, Propane
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1954
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 1/2 Basement, Full Main Floor
  • Formal Dining: Combine with 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: 2
  • Total Fin Square Footage: 1124
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Concrete
  • Garage Capacity: 1

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 121x77
  • Estimated Number of Acres: 0.22
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 105-0040-00460

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1370

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
Oct 18, 2024
Closed on
Nov 7, 2024
Sold by
Bought by
Seller's Agent
Norma Jean Jofs
Next Door Realty
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$64,900
Sold Price
$67,000
Premium/Discount to List
$2,100
3.24%
Views
5
Current Estimated Value
$118,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,419
Avg. Annual Appreciation
44.06%

Purchase Details

Closed on
May 3, 2024
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 2018
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
$65,000
Interest Rate
6%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Apr 30, 2013
Sold by
Bought by

Purchase Details

Closed on
May 28, 2009
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
$57,018
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage
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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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
$67,000 Concierge Title
$67,000 Concierge Title
$500 None Listed On Document
$65,000 None Available
$51,000 None Available
$55,900 Ne Title Co
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
Previous Owner $65,000
Previous Owner $57,018
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 Prior Sale
11/08/2024 11/08/24 Sold $67,000 +3.2% $60 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $64,900 +32.4% $58 / Sq Ft
12/29/2013 12/29/13 Sold $49,000 0.0% $44 / Sq Ft View Prior Sale
12/09/2013 12/09/13 Pending -- -- --
12/02/2013 12/02/13 For Sale $49,000 -- $44 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $584 $116,500 $6,200 $110,300
2023 $988 $125,600 $6,200 $119,400
2022 $314 $84,200 $5,400 $78,800
2021 $620 $69,000 $4,700 $64,300
2020 $1,712 $67,300 $4,700 $62,600
2019 $1,462 $67,300 $4,700 $62,600
2018 $1,326 $61,100 $4,700 $56,400
2017 $1,268 $61,100 $4,700 $56,400
2016 $1,250 $61,100 $4,700 $56,400
2015 $1,212 $47,600 $4,700 $42,900
2014 $1,212 $28,000 $2,800 $25,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6116656

APN: 105004000460

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