K
Seller's Agent in 2017
Kevin Guertin
The Oliver Housing Co
802 E Howard St Hibbing, MN 55746
Hibbing Area
Studio
--
Bath
45,990
Sq Ft
1925
Built
About This Home
As of June 2017The 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
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
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
Listed on
May 26, 2017
Closed on
Jun 15, 2017
Sold by
Bought by
Seller's Agent
Kevin Guertin
The Oliver Housing Co
Buyer's Agent
Darcie Novak
My Place Realty Inc
Sold Price
$500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0394%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 15, 2012
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
$520,000
Interest Rate
0.0338%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 12, 2008
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
$950,000
Interest Rate
0.0619%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 27, 2000
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
$46,000
Interest Rate
0.1%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $500,000 | Sellman Title Company | ||
| $650,000 | None Available | ||
| $825,000 | None Available | ||
| -- | None Available | ||
| $183,500 | -- |
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 | $400,000 | ||
| Previous Owner | $520,000 | ||
| Previous Owner | $950,000 | ||
| Previous Owner | $46,000 |
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 |
|---|---|---|---|---|
| 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
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 | $17,052 | $820,800 | $31,800 | $789,000 |
| 2023 | $16,204 | $653,200 | $30,800 | $622,400 |
| 2022 | $12,890 | $570,100 | $30,800 | $539,300 |
| 2021 | $12,752 | $570,100 | $30,800 | $539,300 |
| 2020 | $14,038 | $570,100 | $30,800 | $539,300 |
| 2019 | $13,692 | $634,500 | $30,000 | $604,500 |
| 2018 | $13,524 | $634,500 | $30,000 | $604,500 |
| 2017 | $13,642 | $634,500 | $30,000 | $604,500 |
| 2016 | $13,366 | $634,500 | $30,000 | $604,500 |
| 2015 | $12,350 | $591,800 | $42,000 | $549,800 |
| 2014 | $12,350 | $591,800 | $42,000 | $549,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Darcie Novak
Buyer's Agent in 2017
Darcie Novak
My Place Realty Inc
(218) 276-4087
351 Total Sales
Map
Source: Range Association of REALTORS®
MLS Number: 132046
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.
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.
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