NOT LISTED FOR SALE

Estimated Value: $282,000 - $544,000

8 Beds
2 Baths
2,700 Sq Ft
$146/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $342,000 $127 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,538/month

3 Days on Market

Highlights

  • 0.21 Acre Lot
  • Entrance Foyer
  • Baseboard Heating
  • Eat-In Kitchen
  • Kitchen Island
  • High Speed Internet

About This Home

As of March 2021

Rare find! Modern era duplex remodeled throughout. 8 total bedrooms. Fully equipped kitchen. Very efficient floor plans. Updated mechanicals. Huge parking area. This property brings in over $45,000/year in rents. Average Yearly Utility Costs: Electric: $1080/year, Garbage: $600/year, Water: $399/year, Sewer: $580/year, Gas: $695/year, Storm Water: $81/year.

Last Listed By

Kevin O'Brien

Messina & Associates Real Estate Listed on: 01/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,851

Year Built

  • Built in 1957

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 67x140

Home Design

  • Duplex
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Entrance Foyer

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement
  • Bedroom in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Parking

  • No Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Rain Gutters

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • 2 Units
  • Utility Expense $3,435

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 10-0780-00300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,851

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: E 10th St to home.
  • InternetOptions: Cable, DSL, Satellite
  • L O1 Office Phone1 Number: 218-728-4436
  • List Price/ Sq Ft: 126.67
  • Taxes With Assessments: 2876
  • Tax Year: 2020
  • Lot Description Waterfront: No
  • Amenities Exterior: Gutter/Downspout
  • Appliances 1: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Appliances 2: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • ApxYrUtilityExp: 3435
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1350
  • Below Grade Finished Sq Ft: 1350
  • F I R E P L A C E2: No
  • Garage Type: None
  • Heat: Baseboard, Hot Water, Natural Gas
  • Laundry: In Unit
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 8
  • MediaType: Duplex
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Egress Windows, Finished, Walkout, Apartment, Bath, Bedrooms, Kitchen, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2700

Exterior Features

  • Road Frontage: City, Paved, Sidewalk
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Asphalt

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Association/Amenities

  • AmenitiesOtherAmenities1: Eat-In Kitchen, Kitchen Center Island, Washer/Dryer Hookups, Foyer Entry, Drywalls
  • Association Fees Include:Amenities2: Eat-In Kitchen, Kitchen Center Island, Drywalls
  • AmenitiesFireplace1: No

Schools

  • School District: Duluth #709
  • Junior High Dist: Duluth #709

Lot Info

  • Geo Update Timestamp: 2021-01-11
  • Estimated Lot Dimensions: 67x140
  • Estimated Number of Acres: 0.21
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 10-0780-00300

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA/DVA
  • Tenant Expense: Cable TV

Tax Info

  • Tax Amount: 2851

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
Feb 24, 2021
Sold by
Cobalt Development Llc
Bought by
High Point Holdings Llc
Seller's Agent
Kevin O'Brien
Messina & Associates Real Estate
Buyer's Agent
Kevin O'Brien
Messina & Associates Real Estate
List Price
$325,000
Sold Price
$342,000
Premium/Discount to List
$17,000
5.23%
Total Days on Market
3
Current Estimated Value
$393,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,946
Avg. Annual Appreciation
1.00%
Original Mortgage
$272,000
Outstanding Balance
$246,583
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$110,052

Purchase Details

Listed on
Oct 12, 2012
Closed on
Dec 14, 2012
Sold by
Sabot Jean A
Bought by
Cobalt Development Llc
List Price
$134,900
Sold Price
$115,000
Premium/Discount to List
-$19,900
-14.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.20%
Original Mortgage
$107,160
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Range of Values:

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Average Value
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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
High Point Holdings Llc $342,000 North Shore Title
Cobalt Development Llc $109,800 Arrowhead A&T
-- $342,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open High Point Holdings Llc $272,000
Previous Owner Cobalt Development Llc $39,500
Previous Owner Cobalt Development Llc $2,016,000
Previous Owner Cobalt Development Llc $107,160
Previous Owner Cobalt Development Llc $87,840
Closed -- $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2021 03/02/21 Sold $342,000 +5.2% $127 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $325,000 +182.6% $120 / Sq Ft
12/17/2012 12/17/12 Sold $115,000 -14.8% $43 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
10/12/2012 10/12/12 For Sale $134,900 -- $50 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2023 $4,244 $272,400 $33,700 $238,700
2022 $2,988 $258,000 $31,800 $226,200
2021 $2,926 $180,500 $32,000 $148,500
2020 $2,876 $180,500 $32,000 $148,500
2019 $2,648 $172,300 $30,400 $141,900
2018 $2,340 $159,700 $30,400 $129,300
2017 $2,376 $150,800 $29,400 $121,400
2016 $2,316 $201,000 $38,300 $162,700
2015 $2,363 $153,200 $30,800 $122,400
2014 $2,363 $153,200 $30,800 $122,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6094547

APN: 010078000300