Karen Pagel Guerndt
Real Estate Services
(218) 626-6885
80 Total Sales
1 in Park Point
$600,000 Price
723 S Lake Ave Duluth, MN 55802
Park Point Neighborhood
3
Beds
3
Baths
2,496
Sq Ft
7,841
Sq Ft Lot
Highlights
- RV Access or Parking
- Deck
- Balcony
- Bay View
- Wood Flooring
- Porch
About This Home
As of November 2021Amazing property and location! Extremely high visibility property located just 300' from the famous Aerial Lift Bridge! Commercially zoned property consists of an architecturally designed multi-use building with a full basement and parking for 8 cars. Potential of two ADA accessible residential or commercial spaces on the main level, plus a one bedroom apartment upstairs. Fantastic vacation rental potential withing walking distance of all that Canal Park has to offer, or live on the main level with a total of 3 bedrooms & 2 baths and rent out the upper level apartment that has incredible views of the bay, lake, shipping channel and bridge. Suitable for a variety of uses; let your imagination run wild with this unique Park Point opportunity!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,255
Year Built
- Built in 1998
Lot Details
- 7,841 Sq Ft Lot
- Level Lot
- Zero Lot Line
Property Views
- Bay
- Lake
- Panoramic
- City Lights
Home Design
- Triplex
- Poured Concrete
- Fire Rated Drywall
- Wood Frame Construction
- Metal Roof
Interior Spaces
- 2,496 Sq Ft Home
- 2-Story Property
- Woodwork
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Recirculated Exhaust Fan
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry on upper level
- Dryer
- Washer
Parking
- No Garage
- Gravel Driveway
- Off-Street Parking
- RV Access or Parking
Outdoor Features
- Balcony
- Deck
- Porch
Utilities
- Baseboard Heating
- Boiler Heating System
- Heating System Uses Natural Gas
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for electric
- Assessor Parcel Number 010-4380-02380, bal
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
Closed on
Aug 28, 2023
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
$5,589,895
Outstanding Balance
$4,429,506
Interest Rate
7.23%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 27, 2021
Closed on
Nov 15, 2021
Sold by
Bought by
Seller's Agent
Ruth Rabold
Century 21 Atwood
Buyer's Agent
Michael Schraepfer
Heirloom Realty, LLC
List Price
$575,000
Sold Price
$1,000,000
Premium/Discount to List
$425,000
73.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.14%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 11, 2008
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Park Point, MN
-
Karen Pagel Guerndt
-
Tracey Tellor
Tracey Tellor
Tellor Realty LLC
(218) 506-6382
118 Total Sales
4 in Park Point
$195K - $595K Price Range
-
Marc Kurtz
Marc Kurtz
Responds QuicklyLakes Sotheby's International Realty
(855) 641-6431
138 Total Sales
9 in Park Point
$125K - $1.2M Price Range
-
Eric Sams
Eric Sams
Responds QuicklyMessina & Associates Real Estate
(218) 520-6574
380 Total Sales
2 in Park Point
$580K - $975K Price Range
-
Brian Rud
BR
Brian Rud
Responds QuicklyMessina & Associates Real Estate
(218) 626-6564
180 Total Sales
9 in Park Point
$45K - $725K Price Range
-
Dave Lilja
Dave Lilja
Responds QuicklyTHINK. Home & Land
(844) 483-1172
168 Total Sales
1 in Park Point
$1,000,000 Price
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 |
|---|---|---|---|
| $215,000 | First American Title | ||
| $1,000,000 | First American Title Ins Co | ||
| -- | None Available |
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 |
|---|---|---|---|
| Open | $5,589,895 | ||
| Previous Owner | $800,000 |
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 |
|---|---|---|---|---|
| 11/15/2021 11/15/21 | Sold | $1,000,000 | +73.9% | $401 / Sq Ft |
| 06/20/2021 06/20/21 | Pending | -- | -- | -- |
| 05/27/2021 05/27/21 | For Sale | $575,000 | -- | $230 / 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 | $82,988 | $837,000 | $417,200 | $419,800 |
| 2023 | $15,786 | $815,600 | $238,900 | $576,700 |
| 2022 | $8,722 | $692,900 | $201,800 | $491,100 |
| 2021 | $8,524 | $433,000 | $59,400 | $373,600 |
| 2020 | $6,384 | $433,000 | $59,400 | $373,600 |
| 2019 | $6,108 | $314,700 | $66,800 | $247,900 |
| 2018 | $6,094 | $303,600 | $66,800 | $236,800 |
| 2017 | $5,656 | $322,100 | $74,200 | $247,900 |
| 2016 | $5,502 | $299,600 | $74,200 | $225,400 |
| 2015 | $5,624 | $233,800 | $96,400 | $137,400 |
| 2014 | $5,624 | $216,000 | $107,200 | $108,800 |
Source: Public Records
Agents Affiliated with this Home
-
Ruth Rabold
Seller's Agent in 2021
Ruth Rabold
Century 21 Atwood
(218) 722-8221
3 in this area
45 Total Sales
-
Michael Schraepfer
M
Buyer's Agent in 2021
Michael Schraepfer
Heirloom Realty, LLC
(218) 390-4317
3 in this area
29 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6097143
APN: 010-4380-02380
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