$130,000
SOLD DEC 5, 2024

508 Park Ave Sandstone, MN 55072

3 Beds
2 Baths
1,575 Sq Ft
0.34 Acres

Recently Sold

$83 Per Sq Ft

10% Below List Price

9 Days on Market

Highlights

  • Wood Flooring
  • Lower Floor Utility Room
  • Eat-In Kitchen
  • No HOA
  • 3 Car Detached Garage
  • Paneling

About This Home

As of December 2024

Great Investment property! Live in one half and rent the other half out to pay your mortgage. Great floor plans, Both the house and the garage have metal roofs. the This property needs some paint and some new windows. New owner has room for some sweat equity. Also, this property is in an Opportunity Zone which can eliminate some capital gains when you go to sell. Priced to sell OPEN HOUSE NOVEMBER 9TH 11 AM - 1 PM

Last Agent to Sell the Property

Kristin Montgomery

Montgomery Realty LLC Listed on: 11/08/2024

Last Buyer's Agent

Steven Holman

RE/MAX Results Apple Valley

RE/MAX Results Apple Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,616

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 50 x 150
  • Elevated Lot
  • Level Lot
  • Few Trees

Parking

  • 3 Car Detached Garage
  • Gravel Driveway

Home Design

  • Duplex
  • Side-by-Side
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,575 Sq Ft Home
  • Multi-Level Property
  • Paneling
  • Entrance Foyer
  • Lower Floor Utility Room
  • Wood Flooring
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Stone Basement
  • Shared Basement
  • Basement Storage

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for internet service, cable TV, electric, lawn, snow, trash, water, sewer
  • Assessor Parcel Number 455422000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • No Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,616

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Class: MULTI-FAMILY
  • Directions: From Main street go right on 5th Street and left on Park Ave to home.
  • InternetOptions: Cable, Satellite
  • L O1 Office Phone1 Number: 218-380-3339
  • List Price/ Sq Ft: 82.54
  • Remodeled Addition: No
  • Taxes With Assessments: 2616
  • Tax Year: 2024
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Amenities Exterior: Patio, Gutter/Downspout
  • Appliances 1: Range/Stove, Refrigerator
  • Appliances 2: Range/Stove, Refrigerator
  • CondoPropertyType: Side by Side
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1575
  • Garage Type: Detached
  • Heat: Forced Air
  • Laundry: None
  • Parking Number Garage Spaces: 3
  • Reso Roof: Metal
  • TotalBedrooms: 3
  • MediaType: Duplex
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished, Shared Access, Storage, Utility Room
  • Basement Material: Stone
  • Estimated Basement Sq Ft: 295
  • Basement Style: Partial
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1575

Exterior Features

  • Road Frontage: City, Curb/Gutters, Paved, Sidewalk, Storm Sewer, Street Lights
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Electrical Service

Utilities

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

Condo/Co-op/Association

  • Shared: Patio, Storage
  • Association Fee: No

Association/Amenities

  • AmenitiesOtherAmenities1: Eat-In Kitchen, Hardwood Floors, Walk-In Closet, Paneled Walls, Air Conditioning, Foyer Entry, Drywalls
  • Association Fees Include:Amenities2: Hardwood Floors, Walk-In Closet, Drywalls
  • AmenitiesFireplace1: No

Schools

  • School District: East Central #2580
  • Junior High Dist: East Central #2580

Lot Info

  • Geo Update Timestamp: 2024-11-08
  • Estimated Lot Dimensions: 50 x 150
  • Estimated Number of Acres: 0.34
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Light, High, Level
  • Parcel Number: 455422000

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Cable TV, Electric, Lawn, Snow, Trash, Water, Sewer

Tax Info

  • Tax Amount: 2616

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Dec 5, 2024
Sold by
Montgomery Kristin and Montgomery Michael
Bought by
Rent Money Llc
Seller's Agent
Kristin Montgomery
Montgomery Realty LLC
Buyer's Agent
Steven Holman
RE/MAX Results Apple Valley
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%
Views
13
Current Estimated Value
$128,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,000
Avg. Annual Appreciation
1.56%

Purchase Details

Closed on
Jul 16, 2014
Sold by
Louzek David M and Louzek David Michael
Bought by
Louzek Kristin B and Louzek Kristin Benda

Purchase Details

Closed on
Dec 13, 2012
Sold by
Eh Pooled 312 Lp
Bought by
Louzek Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
3.31%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 4, 2012
Sold by
Hsbc Bank Usa Na
Bought by
Eh Pooled 312 Lp
Source: Public Records

Range of Values:

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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
Deed $130,000 --
Interfamily Deed Transfer -- None Available
Warranty Deed $18,500 Carlton County Abstract & Ti
Quit Claim Deed $15,000 Accommodation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $121,600 New Conventional
Previous Owner $64,125 New Conventional
Previous Owner $32,000 Credit Line Revolving
Previous Owner $88,000 New Conventional
Previous Owner $22,000 Stand Alone Second
Previous Owner $84,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $130,000 -10.3% $83 / Sq Ft
11/17/2024 11/17/24 Pending -- -- --
11/08/2024 11/08/24 For Sale $145,000 -- $92 / 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
2025 $2,782 $132,900 $14,800 $118,100
2024 $2,476 $149,900 $23,000 $126,900
2023 $2,330 $135,300 $23,000 $112,300
2022 $2,302 $109,100 $13,500 $95,600
2021 $2,168 $98,600 $10,500 $88,100
2020 $1,966 $91,000 $9,500 $81,500
2019 $2,078 $81,600 $8,600 $73,000
2018 $1,974 $79,900 $8,600 $71,300
2017 $1,620 $78,000 $8,600 $69,400
2016 $1,788 $73,700 $8,600 $65,100
2014 $1,148 $58,900 $8,600 $50,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6116934

APN: 045.5422.000