Seller's Agent in 2024
Alicia Lokke
Messina & Associates Real Estate
(218) 590-0431
8 in this area
273 Total Sales
724 7th Ave Two Harbors, MN 55616
Estimated Value: $182,983 - $259,000
2
Beds
1
Bath
850
Sq Ft
$240/Sq Ft
Est. Value
Highlights
- City Lights View
- No HOA
- Eat-In Kitchen
- Ranch Style House
- Porch
- Living Room
About This Home
As of April 2024Attention investors! Here’s your chance to purchase a home currently licensed as a short-term rental in the highly sought-after city of Two Harbors, a boutique community along the North Shore of Lake Superior. The location of this home allows it to continue to be a short-term rental without going against the city's cap on short-term rental licenses. Close to shopping and restaurants, one mile to Agate Bay beach, and one mile to Burlington Bay. This turnkey cutie can sleep 6 people- featuring 2 bedrooms with queen beds and a living room sofa that converts to a queen sleeping bed. It’s absolutely adorable, and it’s been updated from top to bottom: a new boiler furnace in 2023, newer plank flooring and carpet, an updated bathroom with tub/surround, sink, and toilet, and an updated kitchen. The foundation has been reinforced and has newer insulated skirting. All furnishings are included so you can literally start generating income right away. Excellent rental history, especially in the summer months when the tourist traffic along the north shore is really buzzing. This is a rare opportunity!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,750
Year Built
- Built in 1903
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 50 x 70
Home Design
- Ranch Style House
- Pillar, Post or Pier Foundation
- Fire Rated Drywall
- Wood Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 850 Sq Ft Home
- Vinyl Clad Windows
- Living Room
- City Lights Views
- Crawl Space
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer Hookup
Parking
- No Garage
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Porch
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
- Boiler Heating System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 23-7661-34030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2021
Closed on
Dec 31, 2021
Sold by
Fransen Duane Duane
Bought by
Decorsey John John
Seller's Agent
Dee Furo
Legacy Real Estate Group LLC
Buyer's Agent
Dee Furo
Legacy Real Estate Group LLC
List Price
$142,500
Sold Price
$142,500
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,746
Avg. Annual Appreciation
9.39%
Original Mortgage
$91,500
Outstanding Balance
$84,329
Interest Rate
3.11%
Estimated Equity
$119,917
Purchase Details
Closed on
Aug 21, 2018
Sold by
Sveine Susan M
Bought by
Fransen Duane M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 6, 2018
Sold by
Walsberg Roger R and Walsberg Jenny J
Bought by
Sveine Douglas H and Sveine Susan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Decorsey John John | $142,500 | -- | |
| Fransen Duane M | $90,000 | -- | |
| Sveine Douglas H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Decorsey John John | $91,500 | |
| Closed | Decorsey John John | -- | |
| Previous Owner | Fransen Duane M | $90,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2024 04/11/24 | Sold | $201,000 | 0.0% | $236 / Sq Ft | |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- | |
| 02/15/2024 02/15/24 | For Sale | $201,000 | +41.1% | $236 / Sq Ft | |
| 12/30/2021 12/30/21 | Sold | $142,500 | 0.0% | $168 / Sq Ft | View Prior Sale |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- | |
| 10/22/2021 10/22/21 | For Sale | $142,500 | -- | $168 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $2,352 | $183,300 | $20,700 | $162,600 |
| 2024 | $708 | $170,200 | $19,600 | $150,600 |
| 2023 | $545 | $149,100 | $17,800 | $131,300 |
| 2022 | $1,991 | $128,900 | $15,400 | $113,500 |
| 2021 | $1,909 | $113,400 | $15,400 | $98,000 |
| 2020 | $2,091 | $29,712 | $15,412 | $14,300 |
| 2019 | $2,052 | $29,712 | $15,412 | $14,300 |
| 2018 | $1,674 | $116,900 | $15,400 | $101,500 |
| 2017 | $1,777 | $91,300 | $15,400 | $75,900 |
| 2016 | $1,826 | $91,300 | $15,400 | $75,900 |
| 2015 | $1,228 | $91,300 | $15,400 | $75,900 |
| 2014 | $1,228 | $0 | $0 | $0 |
| 2013 | $1,138 | $0 | $0 | $0 |
| 2012 | $1,156 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alicia Lokke
-
Leah Hollenbach
Buyer's Agent in 2024
Leah Hollenbach
RE/MAX
(715) 718-1555
1 in this area
228 Total Sales
-
Dee Furo
D
Seller's Agent in 2021
Dee Furo
Legacy Real Estate Group LLC
(218) 393-9864
70 in this area
189 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6112275
APN: 23-7642-34030
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