NOT LISTED FOR SALE

721 N 7th Ave E Duluth, MN 55805

East Hillside Neighborhood

Estimated Value: $160,000 - $181,000

5 Beds
2 Baths
1,220 Sq Ft
$143/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $98,000 $80 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,077/month

161 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 4-minute walk to Hillside Sport Court Park
  • East High School Rated 10
  • Wood Siding

About This Home

As of July 2022

Great rental property investment! Large 5 bedroom 2 bathroom house 5 minutes from campus! Three bedrooms and a full bath room are located upstairs and two bedrooms and a full bathroom are located on the main floor. Plenty of space to make off-street parking.

Last Agent to Sell the Property

Michael Schraepfer

Heirloom Realty, LLC Listed on: 12/13/2021

Last Buyer's Agent

Michael Schraepfer

Heirloom Realty, LLC Listed on: 12/13/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,452

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50x70

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 1,220 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Utilities

  • Boiler Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 010-3490-01220

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,452

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Take I 35 north to Lake Avenue Exit. Turn left on Lake Avenue to 4th Street. Turn right to 7th Ave E, Turn left to arrive at 721 N 7th Ave E.
  • L O1 Office Phone1 Number: 218-390-4317
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Lot Description Waterfront: No
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1220
  • Garage Type: None
  • Heat: Boiler
  • MainFloorBath: No
  • TotalBedrooms: 5
  • Year Built: 1920
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Stone
  • Basement Style: Full
  • Bathroom Description: None
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1220

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 50x70
  • Estimated Number of Acres: 0.1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-3490-01220

Tax Info

  • Tax Amount: 1452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Aug 1, 2022
Sold by
Rivas Manny
Bought by
Portland Land Co Llc
Seller's Agent
Michael Schraepfer
Heirloom Realty, LLC
Buyer's Agent
Michael Schraepfer
Heirloom Realty, LLC
List Price
$98,000
Sold Price
$98,000
Current Estimated Value
$174,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,445
Avg. Annual Appreciation
17.91%
Original Mortgage
$99,250
Outstanding Balance
$94,841
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$79,604

Purchase Details

Listed on
Dec 13, 2021
Closed on
Jul 21, 2022
Sold by
Rivas and Megan
Bought by
Portland Land Co Llc
Seller's Agent
Michael Schraepfer
Heirloom Realty, LLC
Buyer's Agent
Michael Schraepfer
Heirloom Realty, LLC
List Price
$98,000
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,250
Outstanding Balance
$94,841
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$79,604

Purchase Details

Listed on
Dec 13, 2021
Closed on
Jul 8, 2022
Sold by
Nosek Steven B
Bought by
Rivas Manny
Seller's Agent
Michael Schraepfer
Heirloom Realty, LLC
Buyer's Agent
Michael Schraepfer
Heirloom Realty, LLC
List Price
$98,000
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,250
Outstanding Balance
$94,841
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$79,604

Purchase Details

Closed on
Apr 18, 2018
Sold by
The Dock House Llc
Bought by
Schuldner Llc

Purchase Details

Closed on
Nov 2, 2017
Sold by
Schuldner Llc
Bought by
The Dock House Llc

Purchase Details

Closed on
Nov 30, 2015
Sold by
The Dock House Llc
Bought by
Schuldner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,325,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
Martinson Dawn R and Appert John
Bought by
Dock Llc

Purchase Details

Closed on
Jul 11, 2002
Sold by
Martinson Dawn and Appert John
Bought by
The Dock Llc

Purchase Details

Closed on
Dec 28, 2001
Sold by
Lindbeck Peter J and Lindbeck Sheryl A
Bought by
Martinson Dawn R and Appert John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Portland Land Co Llc $99,250 --
Portland Land Co Llc $99,251 First American Title
Rivas Manny $98,000 First American Title
Schuldner Llc -- None Available
The Dock House Llc -- None Available
Schuldner Llc -- Attorney
Dock Llc -- --
The Dock Llc -- --
Martinson Dawn R $75,000 Arrowhead Abstract & Title C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portland Land Co Llc $99,250
Open Portland Land Co Llc $184,000
Previous Owner Schuldner Llc $1,325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2022 07/08/22 Sold $98,000 0.0% $80 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
12/13/2021 12/13/21 For Sale $98,000 -- $80 / 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 $1,994 $144,000 $12,600 $131,400
2023 $1,994 $126,300 $15,100 $111,200
2022 $1,720 $116,200 $14,000 $102,200
2021 $1,452 $103,200 $12,900 $90,300
2020 $1,364 $88,800 $11,200 $77,600
2019 $1,354 $80,900 $10,100 $70,800
2018 $1,250 $80,900 $10,100 $70,800
2017 $1,550 $79,800 $10,100 $69,700
2016 $1,512 $0 $0 $0
2015 $1,548 $99,400 $22,900 $76,500
2014 $1,539 $99,400 $22,900 $76,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Schraepfer

    Heirloom Realty, LLC

    (218) 390-4317

    15 in this area

    27 Total Sales

    Michael Schraepfer
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6101004

APN: 010349001220

Minnesota St Louis County Duluth 55805 East Hillside

721 N 7th Ave E, Duluth, MN

Not Listed for Sale

Detached

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