NOT LISTED FOR SALE

8880 Main St Mountain Iron, MN 55768

Estimated Value: $85,000 - $122,000

3 Beds
1 Bath
3,120 Sq Ft
$32/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $79,900 $26 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $556/month

131 Days on Market

About This Home

As of July 2022

Great commercial property on a prominent corner lot, with a very nicely updated 3 bedroom apartment! Main floor includes multiple offices, a conference room, and two bathrooms. The upper apartment features nice hardwood floors, updated kitchen & bathroom, and a huge living/dining space. Don't miss out on a great business and rental opportunity!

Last Agent to Sell the Property

Matt Rengstorf

Perrella & Associates License #40752619 Listed on: 01/23/2022

Last Buyer's Agent

Matt Rengstorf

Perrella & Associates License #40752619 Listed on: 01/23/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $808

Year Built

  • Built in 1915

Lot Details

  • 4,356 Sq Ft Lot
  • Property is zoned Dual

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Electric Dryer
  • Washer

Utilities

  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 175-0010-01950

Home Details

Home Type

Single Family

Est. Annual Taxes

$808

Year Built

Built in 1915

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Class: Residential
  • Heat: Gas, Baseboard, Hot Water
  • Lower Level Bathrooms: 1
  • Lvt Date: 01/23/2022
  • Main Level Bathrooms: 1.5
  • Number Of Bedrooms: 3
  • Parcel Code Number: 175-0010-01950
  • Real Estate Tax: 808
  • Style: 2 Story
  • Type: Residential
  • Upper Level Bedrooms: 3
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Finished Sq Ft: 3120
  • Bedroom 1: Size: 13.5x8.5, On Level: Upper
  • Total Bathrooms: 1
  • Appliances: Electric Range, Refrigerator, Washer, Elec. Dryer
  • Bedroom 2: Size: 12x8.5, On Level: Upper
  • Bedroom 3: Size: 10.5x10, On Level: Upper
  • Dining Room: Size: 13.5x9.5, On Level: Upper
  • Kitchen: Size: 10.5x10, On Level: Upper
  • Living Room: Size: 18x13.5, On Level: Upper

Exterior Features

  • Exterior: Brick

Utilities

  • Utilities: City Water, City Sewer

Lot Info

  • Lot Size: Dimensions: 90x50
  • Number Of Acres: 0.1
  • Zoning: Dual

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2022
Closed on
Jul 6, 2022
Sold by
Olivers Noland Rentals Corporation
Bought by
Sherwood Benjamin and Sherwood Jacqueline
Seller's Agent
Matt Rengstorf
Perrella & Associates
Buyer's Agent
Matt Rengstorf
Perrella & Associates
List Price
$89,000
Sold Price
$79,900
Premium/Discount to List
-$9,100
-10.22%
Current Estimated Value
$98,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,947
Avg. Annual Appreciation
5.95%

Purchase Details

Listed on
Jan 23, 2022
Closed on
Jun 24, 2022
Sold by
Olivers Northland Rentals Corporation
Bought by
Sherwood Benjamin and Sherwood Jacqueline
Seller's Agent
Matt Rengstorf
Perrella & Associates
Buyer's Agent
Matt Rengstorf
Perrella & Associates
List Price
$89,000
Sold Price
$79,900
Premium/Discount to List
-$9,100
-10.22%

Purchase Details

Closed on
Aug 22, 2016
Sold by
Arrowhead Community Economic Assistance
Bought by
Oliver S Northland Rentals Corp Oration

Purchase Details

Closed on
Jun 24, 2011
Sold by
Arrowhead Community Economic Assistance
Bought by
Olivers Northland Rentals Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
1.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sherwood Benjamin $79,900 Sellman Title
Sherwood Benjamin $79,900 --
Oliver S Northland Rentals Corp Oration $55,000 None Available
Olivers Northland Rentals Corporation $55,000 Up North Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olivers Northland Rentals Corporation $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2022 07/08/22 Sold $79,900 0.0% $26 / Sq Ft
02/28/2022 02/28/22 Price Changed $79,900 -10.2% $26 / Sq Ft
01/23/2022 01/23/22 For Sale $89,000 -- $29 / Sq Ft
Source: Range Association of REALTORS®

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
2024 $492 $41,000 $4,500 $36,500
2023 $492 $41,000 $4,500 $36,500
2022 $822 $41,000 $4,500 $36,500
2021 $808 $41,000 $4,500 $36,500
2020 $1,788 $41,000 $4,500 $36,500
2019 $1,828 $87,700 $6,300 $81,400
2018 $1,718 $87,700 $6,300 $81,400
2017 $0 $87,700 $6,300 $81,400
2016 $2,158 $87,700 $6,300 $81,400
2015 $2,338 $86,500 $11,200 $75,300
2014 $2,335 $86,500 $11,200 $75,300
Source: Public Records

Agents Affiliated with this Home

  • Matt Rengstorf

    Seller's Agent in 2022

    Matt Rengstorf

    Perrella & Associates

    (218) 295-2240

    16 in this area

    434 Total Sales

    Matt Rengstorf
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Map

Source: Range Association of REALTORS®

MLS Number: 142795

Range Association of REALTORS®

APN: 175001001950

Minnesota St Louis County Mountain Iron 55768

8880 Main St, Mountain Iron, MN

Not Listed for Sale

Detached

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