Seller's Agent in 2024
Tom Acton
RE/MAX
(218) 310-8859
5 in this area
439 Total Sales
506 N 2nd Ave E Duluth, MN 55805
Central Hillside NeighborhoodEstimated Value: $178,000 - $242,000
2
Beds
1
Bath
1,126
Sq Ft
$180/Sq Ft
Est. Value
Highlights
- No HOA
- Entrance Foyer
- Hot Water Heating System
- Porch
About This Home
As of February 2024Great 2 bedroom, 1 bathroom home with huge side yard. Currently rented out and has a rental license. Tenant pays $1030 a month and the lease expires 7/31/2024. This would be an awesome single family home for an owner, once the lease expires or is cancelled. Tenant pays all utilities. Home is heated with a boiler and has radiators. The rooms are large and the master bedroom has an awesome sitting room that could be used as a nursery or an amazing closet. This property also comes with a vacant parcel of land PID# 010-1010-00380 that you can use for parking or building a garage and will allow you to avoid the rental license parking fee. Have you ever wanted to own 2 rental properties right next to each other? This property can be purchased with another property next door, 504 N 2nd Ave E, for a discount.
Last Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,922
Year Built
- Built in 1891
Lot Details
- 3,703 Sq Ft Lot
- Lot Dimensions are 80x100
- Additional Parcels
Interior Spaces
- 1,126 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Stone or Rock in Basement
Outdoor Features
- Porch
Utilities
- Hot Water Heating System
- Boiler Heating System
- Radiant Heating System
- Cable TV Available
Community Details
- No Home Owners Association
- Duluth Proper 1St Div East 5Th Street Subdivision
Listing and Financial Details
- Assessor Parcel Number 010101000400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2023
Closed on
Feb 23, 2024
Sold by
H & F Properties 2Nd Ave Llc
Bought by
Mckinney Joel
Seller's Agent
Tom Acton
RE/MAX Results Duluth
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%
Views
755
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,156
Avg. Annual Appreciation
12.63%
Purchase Details
Closed on
Sep 6, 2014
Sold by
Grover Russell H and Grover Susan M
Bought by
H & F Properties 2Nd Ave Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mckinney Joel | $162,500 | Results Title | |
| H & F Properties 2Nd Ave Llc | $450,000 | Arrowhead Abstract |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | H & F Properties 2Nd Ave Llc | $395,000 | |
| Previous Owner | H & F Properties 2Nd Ave Llc | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/23/2024 02/23/24 | Sold | $162,500 | -4.4% | $144 / Sq Ft |
| 02/01/2024 02/01/24 | Pending | -- | -- | -- |
| 11/08/2023 11/08/23 | Price Changed | $170,000 | -2.9% | $151 / Sq Ft |
| 10/04/2023 10/04/23 | For Sale | $175,000 | -- | $155 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $1,772 | $138,000 | $16,000 | $122,000 |
| 2022 | $1,718 | $127,000 | $14,800 | $112,200 |
| 2021 | $1,454 | $103,100 | $13,700 | $89,400 |
| 2020 | $1,364 | $88,900 | $11,800 | $77,100 |
| 2019 | $1,354 | $80,900 | $10,700 | $70,200 |
| 2018 | $1,252 | $80,900 | $10,700 | $70,200 |
| 2017 | $1,004 | $79,900 | $10,700 | $69,200 |
| 2016 | $980 | $0 | $0 | $0 |
| 2015 | $994 | $63,800 | $8,100 | $55,700 |
| 2014 | $994 | $63,800 | $8,100 | $55,700 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Acton
-
N
Buyer's Agent in 2024
NON-RMLS NON-RMLS
Non-MLS
Map
Source: NorthstarMLS
MLS Number: 6441608
APN: 010101000400
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