NOT LISTED FOR SALE

532 8th Ave Two Harbors, MN 55616

Estimated Value: $204,000 - $231,000

3 Beds
2 Baths
1,562 Sq Ft
$142/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $70,000 $45 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $1,370/month

2 Days on Market

Highlights

  • Lower Floor Utility Room
  • Views
  • High Speed Internet
  • 2 Car Detached Garage

About This Home

As of September 2019

Good Income property with some exterior work could keep forever! up and down units. Priced to sell for you to make your own repairs. Great potential for a renovation loan...

Last Agent to Sell the Property

Sue Bott

RE/MAX Professionals - Two Harbors Listed on: 08/06/2019

RE/MAX Professionals - Two Harbors

Last Buyer's Agent

Ruth Rabold

Century 21 Atwood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1906

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,562 Sq Ft Home
  • 2-Story Property
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Basement Storage

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 23-7662-39080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1906

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: left off 7th Ave to 6th St. house on corner
  • InternetOptions: Cable, DSL, Fiber Optic
  • L O1 Office Phone1 Number: 218-834-5144
  • Tax Year: 2019
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Property Info:Total 34 Baths2: 1
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1562
  • Garage Type: Detached
  • Heat: Boiler, Natural Gas
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 3
  • MediaType: Duplex
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished, Storage, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full, Partial
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1562

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Asphalt

Utilities

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

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 50 X 140
  • Estimated Number of Acres: 0.15
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 23-7662-39080

Rental Info

  • Lease Terms: Cash, Conventional, FHA 203k
  • Tenant Expense: Other

Tax Info

  • Tax Amount: 1257.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Sep 30, 2019
Sold by
Dimberio Curt A and Dimberio Stacey A
Bought by
Schultz Joel M and Schultz Chelsea E
Seller's Agent
Sue Bott
RE/MAX Professionals - Two Harbors
Buyer's Agent
Ruth Rabold
Century 21 Atwood
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%
Current Estimated Value
$221,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,983
Avg. Annual Appreciation
20.28%
Original Mortgage
$107,345
Outstanding Balance
$94,040
Interest Rate
3.5%
Mortgage Type
Construction
Estimated Equity
$127,943
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Schultz Joel M $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultz Joel M $107,345
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2019 09/30/19 Sold $70,000 -12.5% $45 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $80,000 -- $51 / 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 $2,486 $210,400 $24,600 $185,800
2024 $842 $180,000 $23,500 $156,500
2023 $659 $177,100 $21,300 $155,800
2022 $1,821 $157,400 $18,500 $138,900
2021 $1,369 $117,900 $18,500 $99,400
2020 $1,397 $53,700 $18,500 $35,200
2019 $1,257 $51,600 $16,400 $35,200
2018 $1,453 $80,200 $16,400 $63,800
2017 $1,366 $94,000 $16,000 $78,000
2016 $1,221 $95,500 $16,000 $79,500
2015 $1,293 $83,500 $14,500 $69,000
2014 $1,293 $0 $0 $0
2013 $1,195 $0 $0 $0
2012 $1,256 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sue Bott

    Seller's Agent in 2019

    Sue Bott

    RE/MAX

    (218) 590-4013

    90 in this area

    239 Total Sales

    Sue Bott
    Section Image
  • Ruth Rabold

    Buyer's Agent in 2019

    Ruth Rabold

    Century 21 Atwood

    (218) 722-8221

    25 in this area

    50 Total Sales

    Ruth Rabold
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6085381

APN: 23-7642-39080

Minnesota Lake County Two Harbors 55616

532 8th Ave, Two Harbors, MN

Not Listed for Sale

MultiFamily

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