NOT LISTED FOR SALE

802 E Howard St Hibbing, MN 55746

-- Bed
-- Bath
45,990 Sq Ft
1925 Built

Last Sold June 28, 2017

Last sale price $500,000 $11 Per Sq Ft

About This Home

As of June 2017

The Belmont Apartment building was built by The Oliver Mining Company for the community as housing for teachers at the newly constructed Hibbing High School which was a state of art facility at the time. It is still a regional source of pride. It has been modernized but much of the original vintage character remains. Upside includes two unfinished studio apartments that could be completed for additional monthly income. An additional investment, for which there may be grants or tax credits available, to convert from steam fired hot water to a natural gas system could significantly reduce utility costs. Capitalization Rate 11% Gross Rent Multiplier 2.98 Potential ROI 17% The Belmont truly is Hibbing's finest multi-family property!

Last Agent to Sell the Property

Kevin Guertin

The Oliver Housing Co License #40353431 Listed on: 05/26/2017

Last Buyer's Agent

Darcie Novak

My Place Realty Inc License #20549397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 45,990 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in Utility Room

Additional Features

  • Lot Dimensions are 125 x 158
  • Heating System Uses Steam

Community Details

  • 34 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi Family
  • Lvt Date: 05/16/2017
  • Percent Of Bsmnt Finished: 50
  • Real Estate Tax: 13858
  • Type: Apartment Complex
  • Year Built: 1925
  • Lot Size Length: 125
  • Lot Size Width: 158
  • Laundry Storage: Inside Utility
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 45990
  • Basement: Full

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Parking: Parking Lot

Utilities

  • Utilities: City Sewer, City Water, Steam
  • Heating: Electric, Steam

Lot Info

  • Zoning: R

Multi Family

  • Number Of Units: 34

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2017 06/28/17 Sold $500,000 -- $11 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kevin Guertin

    The Oliver Housing Co

  • Darcie Novak

    Buyer's Agent in 2017

    Darcie Novak

    My Place Realty Inc

    (218) 780-7036

    30 in this area

    357 Total Sales

    Darcie Novak
    Section Image
See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 132046

Range Association of REALTORS®
Minnesota St Louis County Hibbing 55746

802 E Howard St, Hibbing, MN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes