Seller's Agent in 2021
Michelle Ryan
RE/MAX
(218) 393-0289
5 in this area
85 Total Sales
731 7th Ave Two Harbors, MN 55616
Estimated Value: $403,225 - $425,000
8
Beds
4
Baths
3,476
Sq Ft
$119/Sq Ft
Est. Value
Highlights
- Garage Apartment
- Corner Lot
- 1 Car Detached Garage
- Property is near public transit
- Lower Floor Utility Room
- 5-minute walk to Agate Bay Beach Park
About This Home
As of May 2021This is your opportunity to own a piece of Two Harbors History! This landmark was built in 1896 by the Anderson family and has remained with them the whole time. Main floor is retail and office space for the Superior Hiking Trail. Upstairs is a 2 bedroom apartment newly updated with access to attic space for added storage. Basement is a 1 bedroom apartment with quite a lot of room-over 700 sq. ft! Shared laundry provided. Second building 26x62 includes a 1 bedroom efficiency apartment with all the amenities Built in 1990. Wood working shop and separate garage. Parking lot for approx. 12 cars. New roofing and siding and updated electrical. Excellent rental history!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,429
Year Built
- Built in 1896
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50 x 140
- Landscaped
- Corner Lot
- Level Lot
- Few Trees
Parking
- 1 Car Detached Garage
- Garage Apartment
- Heated Garage
- Bathroom In Garage
- Garage Door Opener
- Gravel Driveway
- Off-Street Parking
Home Design
- Quadruplex
- Poured Concrete
- Fire Rated Drywall
- Wood Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- Ceiling Fan
- Lower Floor Utility Room
- Walkup Attic
- Property Views
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Apartment Living Space in Basement
- Bedroom in Basement
- Finished Basement Bathroom
- Basement Storage
Outdoor Features
- Rain Gutters
- Porch
Location
- Property is near public transit
Utilities
- Space Heater
- Hot Water Heating System
- Boiler Heating System
- Heating System Uses Natural Gas
- Radiant Heating System
- Internet Available
Listing and Financial Details
- Tenant pays for internet service
- Assessor Parcel Number 23-7662-41090
Community Details
Building Details
- Maintenance Expense $600
- Utility Expense $5,565
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2020
Closed on
May 17, 2021
Sold by
Lynch Nancy L and Lynch Robert W
Bought by
Ought Ventures Llc
Seller's Agent
Michelle Ryan
RE/MAX Results
Buyer's Agent
Michelle Ryan
RE/MAX Results
List Price
$365,000
Sold Price
$325,000
Premium/Discount to List
-$40,000
-10.96%
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
$88,056
Avg. Annual Appreciation
5.76%
Original Mortgage
$288,000
Outstanding Balance
$261,153
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$151,903
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 |
|---|---|---|---|
| Ought Ventures Llc | $325,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ought Ventures Llc | $288,000 | |
| Previous Owner | Anderson Robert P | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2021 05/17/21 | Sold | $325,000 | -11.0% | $93 / Sq Ft |
| 02/13/2021 02/13/21 | Pending | -- | -- | -- |
| 08/03/2020 08/03/20 | For Sale | $365,000 | -- | $105 / 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 | $5,950 | $579,500 | $17,900 | $561,600 |
| 2024 | $1,946 | $414,800 | $28,800 | $386,000 |
| 2023 | $1,734 | $418,800 | $28,800 | $390,000 |
| 2022 | $5,644 | $330,800 | $28,800 | $302,000 |
| 2021 | $5,308 | $265,300 | $28,800 | $236,500 |
| 2020 | $4,429 | $265,300 | $28,800 | $236,500 |
| 2019 | $4,362 | $195,000 | $28,800 | $166,200 |
| 2018 | $4,331 | $195,000 | $28,800 | $166,200 |
| 2017 | $4,749 | $195,000 | $28,800 | $166,200 |
| 2016 | $4,896 | $195,000 | $28,800 | $166,200 |
| 2015 | $4,945 | $195,000 | $28,800 | $166,200 |
| 2014 | $4,945 | $0 | $0 | $0 |
| 2013 | $4,779 | $0 | $0 | $0 |
| 2012 | $4,842 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Ryan
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6092112
APN: 23-7642-41090
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