NOT LISTED FOR SALE

518 518 N Michigan Ave Gilbert, MN 55741

Estimated Value: $170,968 - $244,000

3 Beds
2 Baths
2,248 Sq Ft
$93/Sq Ft Est. Value

Last Sold March 26, 2014

Last sale price $40,101 $18 Per Sq Ft

Est. 417% increase in value since last sale

Current estimated payment $1,276/month

12 Days on Market

Highlights

  • Deck
  • Bathroom on Main Level
  • Dining Room
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of March 2014

Updated 3 bedroom home with large deck, partially finished basement, and 2 stall garage.

Last Agent to Sell the Property

Joshua Renskers

Village Realty Listed on: 01/29/2014

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,756

Year Built

  • 1961

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60 x 110

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1-Story Property
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Boiler Heating System
  • Gas Water Heater

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 060-0030-05510

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,756

Year Built

1961

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities Exterior: Deck
  • Estimated Number of Acres: 0.18
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Foundation Size: 1248
  • Mechanicals: Water Heater-Gas
  • Parcel Number: 060-0030-05510
  • Projected Closed Date: 04/06/2014
  • Stories: 1 Story
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1961

Interior Features

  • Dining Room: Informal Dining Room
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 15x15, On Level: Main
  • Room 2: Dining Room, 14x12, On Level: Main
  • Room 3: Kitchen, 14x10, On Level: Main
  • Room 4: Family Room, 21x14, On Level: Lower
  • Room 5: Bedroom, 13x11, On Level: Main
  • Room 6: Bedroom, 11x10, On Level: Main
  • Room 7: 10x9, On Level: Main
  • Basement Features: Partially Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1248
  • Below Grade Finished Sq Ft: 1000
  • Total Fin Square Footage: 2248
  • Total Square Footage: 2496

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Brick
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

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

Schools

  • School District: Eveleth-Gilbert #2154

Lot Info

  • Estimated Lot Dimensions: 60 x 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2013
Sold by
Bank Of America Na
Bought by
Secretary Of Housing & Urban Development
Current Estimated Value
$207,342

Purchase Details

Closed on
May 15, 2013
Sold by
Hambly Timothy L and Hambly Diane M
Bought by
Bank Of America Na

Purchase Details

Closed on
Mar 15, 2010
Sold by
Beton Caroline
Bought by
Hambly Timothy L and Hambly Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,007
Interest Rate
5.25%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Secretary Of Housing & Urban Development -- None Available
Bank Of America Na $115,038 None Available
Hambly Timothy L $110,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hambly Timothy L $108,007
Previous Owner Beton William $47,121
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2014 03/26/14 Sold $40,101 +5.5% $18 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $38,000 -- $17 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2023 $1,756 $131,900 $8,200 $123,700
2022 $1,776 $127,600 $6,800 $120,800
2021 $1,582 $127,600 $6,800 $120,800
2020 $1,526 $110,900 $6,200 $104,700
2019 $1,396 $110,900 $6,200 $104,700
2018 $1,442 $110,900 $6,200 $104,700
2017 $1,584 $114,100 $5,700 $108,400
2016 $2,382 $114,100 $5,700 $108,400
2015 $2,455 $120,000 $5,700 $114,300
2014 $2,455 $124,500 $5,700 $118,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Joshua Renskers

    Village Realty

  • N

    Buyer's Agent in 2014

    Nonmember NONMEMBER

    Nonmember Office

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4572690

REALTOR® Association of Southern Minnesota

APN: 060003005510

Minnesota St Louis County Gilbert 55741

518 518 N Michigan Ave, Gilbert, MN

This home is located at 518 518 N Michigan Ave, Gilbert, MN 55741 since 29 January 2014 and is currently estimated at $209,992, approximately $93 per square foot. This property was built in 1961. 518 518 N Michigan Ave is a home located in St. Louis County with nearby schools including Nelle Shean Elementary School, Franklin Elementary School, and Eveleth-Gilbert Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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