NOT LISTED FOR SALE
5 Beds
3 Baths
2,410 Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: January 6, 2022

Last sale price $222,500 $92 Per Sq Ft

15 Days on Market

Highlights

  • Corner Lot
  • Balcony
  • Coin Laundry
  • Lower Floor Utility Room
  • Views
  • High Speed Internet

About This Home

As of January 2022

This triplex is an awesome income opportunity and practically maintenance free when you consider the updates that have been done! New updates include all windows, new exterior doors, new vinyl siding, added insulation, and sound proofing between the lower and upper units in 2016. Inside, the electrical has been separated by unit, all waterlines were updated with PEX plumbing and installed 3 new hot water heaters for each unit. The boiler system is newer which has a 96% high efficiency rating, added hookups for coin-op laundry and all lead paint has been removed from the property! Units have always been rented and property currently grosses $2,525 a month. If you're looking for investment property, don't let this one pass you by - Come check it out!

Last Agent to Sell the Property

Kevin Kalligher

RE/MAX Results Listed on: 11/05/2021

RE/MAX Results

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1896

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 2,410 Sq Ft Home
  • 2-Story Property
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Range
  • Property Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement
  • Shared Basement
  • Basement Storage

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Units
  • Coin Laundry

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 010-2300-00190 + 010-4540-03465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,436

Year Built

Built in 1896

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Heading W on Grand Ave - take a slight left turn onto 63rd Ave W, then left onto Raleigh St. - Property is on your left.
  • InternetOptions: Cable, DSL
  • L O1 Office Phone1 Number: 218-722-2811
  • Tax Year: 2021
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Amenities Exterior: Balcony
  • Appliances 1: Range/Stove, Refrigerator
  • Appliances 2: Range/Stove, Refrigerator
  • CondoPropertyType: Other
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2410
  • Garage Type: None
  • Heat: Boiler, Radiant, Natural Gas
  • Laundry: Coin Operated Owned
  • Reso Roof: Flat, Rubber
  • TotalBedrooms: 5
  • MediaType: Triplex
  • Year Built: 1896
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Range/Stove, Refrigerator
  • Basement Features: Unfinished, Shared Access, Storage, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Stone
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2410

Exterior Features

  • Road Frontage: City
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

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

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 25 x 125
  • Estimated Number of Acres: 0.08
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Corner Lot, Level
  • Parcel Number: 010-2300-00190 + 010-4540-03465

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Electric

Tax Info

  • Tax Amount: 2436

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 6, 2022
Sold by
Bought by
Seller's Agent
Kevin Kalligher
RE/MAX Results
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$229,900
Sold Price
$222,500
Premium/Discount to List
-$7,400
-3.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,400
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 7, 2016
Closed on
Oct 10, 2016
Sold by
Bought by
Seller's Agent
Trish Kroening
RE/MAX Results
Buyer's Agent
Jordan DeCaro
RE/MAX Results
List Price
$78,000
Sold Price
$78,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.15%
Original Mortgage
$62,400
Interest Rate
3.42%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 2, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,920
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,920
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,250
Interest Rate
6.87%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$222,500 Edgewater Title
$78,000 --
$64,900 Rels Title
-- None Available
-- None Available
-- Consolidated Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $178,400
Previous Owner $100,000
Previous Owner $45,000
Previous Owner $5,203
Previous Owner $62,400
Previous Owner $87,500
Previous Owner $51,920
Previous Owner $48,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2022 01/06/22 Sold $222,500 -3.2% $92 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $229,900 +194.7% $95 / Sq Ft
10/13/2016 10/13/16 Sold $78,000 0.0% $36 / Sq Ft View Prior Sale
10/10/2016 10/10/16 Pending -- -- --
10/07/2016 10/07/16 For Sale $78,000 -- $36 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2024 $3,334 $184,100 $4,700 $179,400
2023 $3,104 $174,400 $4,000 $170,400
2022 $2,636 $177,400 $5,100 $172,300
2021 $2,396 $130,000 $4,100 $125,900
2020 $2,342 $120,800 $3,800 $117,000
2019 $2,324 $114,700 $3,600 $111,100
2018 $2,354 $114,700 $3,600 $111,100
2017 $2,348 $123,600 $4,300 $119,300
2016 $2,284 $4,500 $4,500 $0
2015 $2,332 $123,600 $4,300 $119,300
2014 $2,332 $123,600 $4,300 $119,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6100500

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