NOT LISTED FOR SALE

Estimated Value: $172,000 - $182,000

2 Beds
2 Baths
1,292 Sq Ft
$137/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $145,000 $112 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $945/month

48 Days on Market

Highlights

  • Lake View
  • Forced Air Heating System
  • Ceiling Fan
  • East High School Rated 10

About This Home

As of January 2022

Excellent investment opportunity with this very clean up/down duplex in the heart of Duluth. This property features two 1 bedroom, 1 bath units. Incredible views of Lake Superior from each floor! Excellent rental history. Tons of natural light. All new carpet, new flooring in both kitchens, freshly painted, with some new windows. Four off street parking spaces. An extra 25x140 lot is included with this listing so the duplex has extra breathing room outdoors. Your tenants can move right in and enjoy all that this place has to offer!

Last Agent to Sell the Property

Patty Paton

Edina Realty, Inc. - Duluth Listed on: 11/12/2021

Edina Realty, Inc. - Duluth

Last Buyer's Agent

Neal Jacobi

Heirloom Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,821

Year Built

  • Built in 1876

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 1,292 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Lake Views
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • No Laundry Facilities
  • Utility Expense $3,782

Listing and Financial Details

  • Assessor Parcel Number 010-3830-18030 and 010-3830-18020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,821

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Heading north on I-35, go up Mesaba to R on E 4th St, L on 6th to R on E 5th St.
  • L O1 Office Phone1 Number: 218-728-7700
  • Taxes With Assessments: 1846
  • Tax Year: 2021
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: No
  • Property Info:Total 34 Baths2: 1
  • Appliances 1: Range/Stove, Refrigerator
  • Appliances 2: Range/Stove, Refrigerator
  • ApxYrUtilityExp: 3782
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1292
  • Garage Type: None
  • Heat: Forced Air, Natural Gas
  • Laundry: None
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 2
  • MediaType: Duplex
  • Year Built: 1876
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1292

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Cement Board

Garage/Parking

  • Parking Driveway: Off Street

Utilities

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

Association/Amenities

  • AmenitiesOtherAmenities1: Ceiling Fans

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 25x140 + 25x140
  • Estimated Number of Acres: 0.16
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-3830-18030 and 010-3830-18020

Rental Info

  • Tenant Expense: Other

Tax Info

  • Tax Amount: 1821

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 31, 2022
Sold by
Preston and Marsha
Bought by
Slope House Llc
Seller's Agent
Patty Paton
Edina Realty, Inc. - Duluth
Buyer's Agent
Neal Jacobi
Heirloom Realty, LLC
List Price
$160,000
Sold Price
$145,000
Premium/Discount to List
-$15,000
-9.38%
Current Estimated Value
$177,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,000
Avg. Annual Appreciation
5.25%
Original Mortgage
$116,000
Outstanding Balance
$91,700
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$85,300

Purchase Details

Closed on
Apr 7, 2004
Sold by
Preston Paul and Preston Barbara
Bought by
Preston Gary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slope House Llc $145,000 Pioneer Title
Preston Gary -- Pioneer Abstract & Title Of
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slope House Llc $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $145,000 -9.4% $112 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $160,000 -- $124 / 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
2024 $212 $12,700 $12,700 $0
2023 $212 $15,100 $15,100 $0
2022 $262 $14,000 $14,000 $0
2021 $220 $13,000 $13,000 $0
2020 $206 $11,200 $11,200 $0
2019 $206 $10,200 $10,200 $0
2018 $192 $10,200 $10,200 $0
2017 $172 $10,200 $10,200 $0
2016 $166 $8,100 $8,100 $0
2015 $171 $9,100 $9,100 $0
2014 $171 $9,100 $9,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6100632

APN: 010383018020