1157 Charles Ave Saint Paul, MN 55104
Hamline-Midway NeighborhoodEstimated Value: $316,867 - $394,000
4
Beds
2
Baths
1,386
Sq Ft
$246/Sq Ft
Est. Value
Highlights
- Corner Lot
- 1-Story Property
- Wood Fence
- Porch
- Forced Air Heating System
About This Home
As of July 2022Cash Cow Property or live for Free - Side-by-side duplex has simultaneously been running as a long- and short-term rental, producing a high annual income. 2018-2021 one side has operated as an Airbnb/VRBO while the other has operated as a long-term rental. In 2021 the short term grossed $31K in annual income while the other side operated as a long-term rental w/ $16k. Total gross annual income of $47K. Expenses will vary based on your involvement of operating, cleaning etc., & if you keep it running in this capacity or change it to all longer-term rentals. Someone could easily live here for free by operating the other unit as long term or short-term rental. Units are a mirror image of each other, cute, small, efficient, & easy to maintain. Units have private & separate outdoor spaces from one another. 2-car garage. NO current leases in place. Separate utility.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,365
Year Built
- Built in 1925
Lot Details
- Lot Dimensions are 40x123
- Wood Fence
- Corner Lot
Parking
- 2 Car Garage
- Parking Fee
Home Design
- Duplex
Interior Spaces
- 1-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Outdoor Features
- Porch
Utilities
- Forced Air Heating System
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel, grounds care, snow removal
- The owner pays for insurance, taxes, water
- Assessor Parcel Number 342923140043
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2022
Closed on
Jun 28, 2022
Sold by
Luco Llc
Bought by
Upadhya Punith
Seller's Agent
Shane Montoya
Coldwell Banker Realty
Buyer's Agent
Isaac Larson
Jason Mitchell Group
List Price
$299,900
Sold Price
$335,000
Premium/Discount to List
$35,100
11.7%
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,967
Avg. Annual Appreciation
0.61%
Original Mortgage
$318,250
Outstanding Balance
$305,840
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$35,127
Purchase Details
Closed on
Dec 31, 2019
Sold by
Koenig Jason D and Montoya Shannon M
Bought by
Luco Llc
Purchase Details
Closed on
Apr 14, 2014
Sold by
Koenig Jason D and Montoya Shannon M
Bought by
Jason D Koenig Revocable Trust and Shannon M Montoya Revocable Trust
Purchase Details
Closed on
Aug 22, 2003
Sold by
Bailey Richard J and Maestas Bailey Geraldine A
Bought by
Koenig Jason D
Purchase Details
Closed on
Jan 9, 2003
Sold by
Strain Donald P
Bought by
Bailey Richard J and Bailey Geraldine A
Purchase Details
Closed on
Apr 13, 1999
Sold by
Bank Of America Fsb
Bought by
Strain Donald P
Create a Home Valuation Report for This Property
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Similar Homes in Saint Paul, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Upadhya Punith | $335,000 | Trademark Title | |
| Luco Llc | -- | None Available | |
| Jason D Koenig Revocable Trust | -- | None Available | |
| Koenig Jason D | $150,000 | -- | |
| Bailey Richard J | $85,000 | -- | |
| Strain Donald P | $67,528 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Upadhya Punith | $318,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2022 07/01/22 | Sold | $335,000 | 0.0% | $242 / Sq Ft |
| 05/21/2022 05/21/22 | Pending | -- | -- | -- |
| 05/21/2022 05/21/22 | Price Changed | $335,000 | +11.7% | $242 / Sq Ft |
| 05/17/2022 05/17/22 | For Sale | $299,900 | -- | $216 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $5,034 | $319,700 | $35,000 | $284,700 |
| 2022 | $4,026 | $222,600 | $20,600 | $202,000 |
| 2021 | $3,540 | $197,400 | $20,600 | $176,800 |
| 2020 | $3,226 | $179,000 | $20,600 | $158,400 |
| 2019 | $3,224 | $150,700 | $20,600 | $130,100 |
| 2018 | $3,224 | $149,300 | $20,600 | $128,700 |
| 2017 | $3,178 | $152,300 | $20,600 | $131,700 |
| 2016 | $2,712 | $0 | $0 | $0 |
| 2015 | $2,732 | $128,700 | $20,600 | $108,100 |
| 2014 | $2,912 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Montoya
Seller's Agent in 2022
Shane Montoya
Coldwell Banker Burnet
(651) 492-6423
56 in this area
615 Total Sales
-
Jason Koenig
J
Seller Co-Listing Agent in 2022
Jason Koenig
Coldwell Banker Burnet
(612) 600-4594
7 in this area
156 Total Sales
-
Isaac Larson
Buyer's Agent in 2022
Isaac Larson
Jason Mitchell Group
(612) 790-8292
1 in this area
101 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6195678
APN: 34-29-23-14-0043
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