NOT LISTED FOR SALE

505 5th Ave Two Harbors, MN 55616

Estimated Value: $106,000 - $142,000

1 Bed
1 Bath
688 Sq Ft
$181/Sq Ft Est. Value

Last Sold February 24, 2025

Last sale price $118,000 $172 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $746/month

29 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Bathroom on Main Level
  • Main Floor Primary Bedroom
  • Living Room
  • 4-minute walk to Two Harbors Bandshell Park

About This Home

As of February 2025

Great starter home or rental income property. 1 bed, 1 bath home with large yard, off street parking and room for a future garage! Call today for a private showing.

Last Agent to Sell the Property

Jarett Mickelson

Legacy Real Estate Group LLC Listed on: 11/25/2024

Last Buyer's Agent

Christy Standfield

EasyLiving LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $881

Year Built

  • Built in 1903

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • No Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Concrete Fiber Board Siding

Interior Spaces

  • 688 Sq Ft Home
  • Entryway
  • Living Room

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 23-7661-29150

Home Details

Home Type

Single Family

Est. Annual Taxes

$881

Year Built

Built in 1903

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Class: SINGLE FAMILY
  • Directions: 505 5th Ave
  • L O1 Office Phone1 Number: 218-728-4436
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 688
  • Garage Type: None
  • Heat: Boiler, Natural Gas
  • MainFloorBath: Yes
  • Bedroom 3: Kitchen
  • TotalBedrooms: 1
  • Year Built: 1903
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block, Poured Concrete
  • Basement Style: Crawl Space, Partial
  • Bathroom Description: 3/4 Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Bedroom
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Entry
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 688
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Fiber Board

Utilities

  • Power Company: City of Two Harbors
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 50X140
  • Estimated Number of Acres: 0.16
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 23-7661-29150

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 881

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2024
Closed on
Feb 24, 2025
Sold by
Koehler Michael and Koehler Lynda
Bought by
Rosett Jake and Rosett Daisy
Seller's Agent
Jarett Mickelson
Legacy Real Estate Group LLC
Buyer's Agent
Christy Standfield
EasyLiving LLC
List Price
$118,000
Sold Price
$118,000
Views
56
Current Estimated Value
$130,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,959
Avg. Annual Appreciation
5.70%
Original Mortgage
$94,400
Outstanding Balance
$93,922
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$30,807

Purchase Details

Closed on
Nov 13, 2024
Sold by
Carlson Vicki and Carlson Stephen
Bought by
Koehler Michael and Koehler Lynda
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 Buyer Sale Price Title Company
Rosett Jake $118,000 --
Koehler Michael $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosett Jake $94,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2025 02/24/25 Sold $118,000 0.0% $172 / Sq Ft
12/24/2024 12/24/24 Pending -- -- --
11/25/2024 11/25/24 For Sale $118,000 -- $172 / Sq Ft
Source: Lake Superior Area 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
2025 $874 $77,200 $20,700 $56,500
2024 $286 $78,400 $20,700 $57,700
2023 $278 $75,100 $18,800 $56,300
2022 $814 $66,400 $16,400 $50,000
2021 $785 $52,700 $16,400 $36,300
2020 $763 $31,800 $16,400 $15,400
2019 $770 $31,800 $16,400 $15,400
2018 $750 $49,100 $16,400 $32,700
2017 $694 $48,500 $16,000 $32,500
2016 $655 $48,500 $16,000 $32,500
2015 $669 $44,800 $14,500 $30,300
2014 $669 $0 $0 $0
2013 $639 $0 $0 $0
2012 $660 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jarett Mickelson

    Legacy Real Estate Group LLC

    (218) 390-4010

    26 in this area

    183 Total Sales

    Jarett Mickelson
    Section Image

  • C

    Buyer's Agent in 2025

    Christy Standfield

    EasyLiving LLC

    (253) 228-1474

    1 in this area

    26 Total Sales

    Christy Standfield
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117104

APN: 23-7642-29150

Minnesota Lake County Two Harbors 55616

505 5th Ave, Two Harbors, MN

Not Listed for Sale

Detached

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