Seller's Agent in 2024
Alicia Lokke
Messina & Associates Real Estate
(218) 590-0431
7 in this area
272 Total Sales
520 7th Ave Two Harbors, MN 55616
Estimated Value: $241,012 - $261,000
3
Beds
2
Baths
1,348
Sq Ft
$186/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- No HOA
- Eat-In Kitchen
- Wood Flooring
- 1 Car Detached Garage
- Living Room
About This Home
As of January 2024Are you looking to add a vacation rental to your investment portfolio? Here is a rare opportunity to purchase a turnkey-fully furnished and renovated property, currently named 'The Northshore Escape'. This modern farmhouse style home is located on 7th Ave in one of the few locations that allows vacation rentals without going against the city cap. With the significant renovations completed in the last 3 years, this property is ready to welcome guests right away. Inside, you'll find a beautifully updated kitchen with extra countertop space for some eat in kitchen dining, along with a full dining room. There are beautiful, refinished hardwood floors throughout that make cleaning between guests a breeze. There are several new windows which will help keep those utility bills in check, along with an updated roof and forced air furnace. The full bathroom upstairs features a tile shower, and the 3/4 bath in the basement helps to secure guests looking for two bathrooms. This property comfortably accommodates up to 6 guests and offers convenient off-street parking. This home is being sold fully furnished and stocked for guests so you can literally start bookings immediately. Its prime location ensures easy access to nearby restaurants, shopping, and entertainment options.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,640
Year Built
- Built in 1908
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 70x75
- Level Lot
Home Design
- Traditional Architecture
- Concrete Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Slate
Interior Spaces
- 1-Story Property
- Entryway
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
- Finished Basement Bathroom
Parking
- 1 Car Detached Garage
- Gravel Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 23-7661-36025
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 12, 2023
Closed on
Jan 3, 2024
Sold by
Viken Jenni and Viken Justin
Bought by
520 Two Harbors Llc
Seller's Agent
Alicia Lokke
Messina & Associates Real Estate
Buyer's Agent
Krystina Gillman
Kuschel Realty Group LLC
List Price
$275,000
Sold Price
$275,000
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
-$23,747
Avg. Annual Appreciation
-5.00%
Original Mortgage
$220,000
Outstanding Balance
$216,391
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$34,862
Purchase Details
Closed on
Feb 27, 2021
Sold by
Redo By Lou Llc
Bought by
Schultz Joel and Viken Jeni
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Jul 16, 2019
Closed on
Mar 2, 2020
Seller's Agent
Darrin Young
Messina & Associates Real Estate
Buyer's Agent
Alicia Lokke
Messina & Associates Real Estate
List Price
$44,000
Sold Price
$44,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.42%
Interest Rate
3.45%
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 |
|---|---|---|---|
| 520 Two Harbors Llc | $275,000 | -- | |
| Schultz Joel | $161,000 | None Available | |
| -- | $44,000 | -- | |
| Schultz Joel Joel | $128,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 520 Two Harbors Llc | $220,000 | |
| Previous Owner | Schultz Joel | $128,800 | |
| Previous Owner | -- | -- | |
| Closed | Schultz Joel Joel | $96,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/03/2024 01/03/24 | Sold | $275,000 | 0.0% | $204 / Sq Ft | |
| 12/01/2023 12/01/23 | Pending | -- | -- | -- | |
| 11/12/2023 11/12/23 | For Sale | $275,000 | +525.0% | $204 / Sq Ft | |
| 03/02/2020 03/02/20 | Sold | $44,000 | 0.0% | $38 / Sq Ft | View Prior Sale |
| 11/27/2019 11/27/19 | Pending | -- | -- | -- | |
| 07/16/2019 07/16/19 | For Sale | $44,000 | -- | $38 / Sq Ft |
Source: Lake Superior Area REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $3,768 | $265,400 | $26,400 | $239,000 |
| 2024 | $965 | $272,700 | $31,100 | $241,600 |
| 2023 | $934 | $203,200 | $28,200 | $175,000 |
| 2022 | $2,005 | $178,300 | $24,600 | $153,700 |
| 2021 | $1,444 | $129,800 | $24,600 | $105,200 |
| 2020 | $658 | $44,000 | $24,600 | $19,400 |
| 2019 | $678 | $44,000 | $24,600 | $19,400 |
| 2018 | $644 | $89,100 | $24,600 | $64,500 |
| 2017 | $577 | $87,800 | $23,900 | $63,900 |
| 2016 | $489 | $87,900 | $23,900 | $64,000 |
| 2015 | $520 | $81,500 | $21,700 | $59,800 |
| 2014 | $520 | $0 | $0 | $0 |
| 2013 | $332 | $0 | $0 | $0 |
| 2012 | $353 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alicia Lokke
-
Krystina Gillman
Buyer's Agent in 2024
Krystina Gillman
Kuschel Realty Group LLC
(218) 724-7900
2 in this area
92 Total Sales
-
Darrin Young
D
Seller's Agent in 2020
Darrin Young
Messina & Associates Real Estate
(218) 393-4753
111 in this area
128 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6111421
APN: 23-7642-36025
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