13 days on rocket

4124 Luzerne Rd, Rice Lake, MN, 55803

$485,000

Home List Price

$5,759*

Closing Credit

0 Baths
3,136 SqFt
$155/SqFt
Multi
Schools Nearby

Location

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4124 Luzerne Rd, Duluth$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway - Gravel, Off Street
Garage4 spaces
HeatingSteam, Forced Air, Natural Gas
MLS #6113217
Lot Size1.91 Acres
StatusActive
(ACTIVE)

About 4124 Luzerne Rd

If you are looking for a high quality property to bring into your investment portfolio, this is the one for you! Pride in investor ownership shines! Each unit features 3 bedrooms and 2 bathrooms and each unit also has it’s own washer and dryer. The upper unit features newer kitchen appliances, a durable linoleum floor in the kitchen and dining space and a carpeted living room. The upper unit enjoys the large deck. The lower unit is accessed from the back of the home and has a nice concrete patio that overlooks the private backyard. Both units have 2 stalls of garage space plus plenty of additional off street parking. The seller will be upgrading the septic to a 6 bedroom septic system prior to closing. Both units are leased until May 31, 2025. This property was a large single family home that was converted into an up/ down duplex. The access to both levels was not completely removed, just sheetrocked up, so you could convert this back into a single family home if desired. Situated in the city of Rice Lake so there is no rental licensing requirement through the city.

Property Details

Property Features

Property Information:

  • Architectural Style: Up & Down
  • Stories: 2
  • Living Area: 3,136 SqFt

Listing Office:

  • Office Name: Messina & Associates Real Estate
  • Listing Agent: Alicia Lokke

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Driveway - Gravel, Off Street

Lot Features

Lot Information:

  • Lot Size: 1.91 Acres

Utilities

Utilities Information:

  • Heating: Steam, Forced Air, Natural Gas

School Info

Assigned Schools Information:

  • East High School, Public District Grades 9-12
  • Homecroft Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Rice Lake Rd N. to Martin Rd R on Martin to Howard Gnesen R onto Howard Gnesen 1 block take R offLuzerne Rd. Property on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000
  • Price Per SqFt: $155/SqFt
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Housing Market Comparison

See how this home compares to others in Duluth, MN.

Med. Sold Price

$292K

Med. Price/SqFt

$187

Avg. Days On Market

19

# of Sold Homes

96

4124 Luzerne Rd vs Duluth

13 DAYS ON ROCKET

-6 Days

$485,000

+$193K More

$155/SqFt

-$33 Less

KEY TAKEAWAY

This property is $193K more than the Median Sold Price and $33/SqFt less than other homes in Duluth, MN.

Based on homes sold in April 2024

MLS Details

MLS Information:

  • MLS Number: #6113217

Listing Office:

  • Office Name: Messina & Associates Real Estate
  • Listing Agent: Alicia Lokke

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 11:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,488

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4446367
5
/10
  • Homecroft Elementary School

  • 4784 Howard Gnesen Rd

  • 0.51 miles

  • Public District Grades PK-5

High School

school-card-donut-4446368
8
/10
  • East High School

  • 301 N 40th Ave E

  • 4.27 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,819. The majority of Duluth, MN residents have income between $35k-100k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesMinnesotaSaint Louis CountyDuluth558034124 Luzerne Rd

This home is located at 4124 Luzerne Rd in Rice Lake, MN and zip code 55803 in the Arnold neighborhood. This 3,136 square foot home sits on a 1.91 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $485,000.

In April 2024 more than 51 listings in Duluth, MN were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 26 were sold below. The number of listings in Duluth, MN increased by 21.7% between March 2024 and April 2024. Listings spent 19 days on the market in April 2024, and had a median list price of $292,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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