NOT LISTED FOR SALE

Estimated Value: $338,000 - $444,000

4 Beds
2 Baths
1,964 Sq Ft
$191/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $300,000 $153 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,444/month

48 Days on Market

About This Home

As of February 2023

Attention investors and owner-occupiers! Classic up/down duplex with 2-bed, 1-bath in each unit. Detached 2-car garage and adjacent parking spaces offer amble off-street parking for both units. Located in the heart of the NE Arts District, with many nearby restaurants, art studios & galleries, performing arts, breweries, and parks! Convenient highway access and proximity to downtown and the U of M provide a pool of possible renters.Unfinished basement affords an opportunity for increased equity and cashflow. Bring your creative ideas for cosmetic updates to maximize rental potential.

Last Listed By

Pat McQuiston

Keller Williams Realty Integrity Lakes Listed on: 12/27/2022

Keller Williams Realty Integrity Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 40x135

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,964 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Stone or Rock in Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Space Heater
  • Boiler Heating System

Community Details

  • 2 Units
  • Cutters Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1402924240028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1964
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock, Unfinished
  • Living Area: 1964
  • Basement YN: Yes
  • Total Rooms: 2
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Neighborhood: Sheridan
  • PatioPorchType: Awning(s),Front Porch,Porch,Side Porch

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 469

Utilities

  • Heating: Boiler, Space Heater
  • Sewer: City Sewer/Connected
  • Electric: Service - 60 Amp
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 40x135
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Aluminum Siding, Brick/Stone
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1402924240028
  • Tax Annual Amount: 3596
  • TaxWithAssessments: 3596.0000

Multi Family

  • Number Of Refrigerators: One Per Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2022
Closed on
Feb 16, 2023
Sold by
Claussen Betty
Bought by
Halunen Drew
Seller's Agent
Pat McQuiston
Keller Williams Realty Integrity Lakes
Buyer's Agent
Daniel Duddingston
Keller Williams Premier Realty
List Price
$339,900
Sold Price
$300,000
Premium/Discount to List
-$39,900
-11.74%
Total Days on Market
48
Views
26
Current Estimated Value
$375,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,968
Avg. Annual Appreciation
10.70%
Original Mortgage
$297,000
Outstanding Balance
$289,806
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$86,162

Purchase Details

Listed on
Dec 27, 2022
Closed on
Feb 14, 2023
Sold by
Claussen Betty J
Bought by
Halunen Drew
Seller's Agent
Pat McQuiston
Keller Williams Realty Integrity Lakes
Buyer's Agent
Daniel Duddingston
Keller Williams Premier Realty
List Price
$339,900
Sold Price
$300,000
Premium/Discount to List
-$39,900
-11.74%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Outstanding Balance
$289,806
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$86,162

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
Halunen Drew $300,000 --
Halunen Drew $300,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Halunen Drew $25,719
Open Halunen Drew $297,000
Closed Halunen Drew $294,566
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $300,000 0.0% $153 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
01/09/2023 01/09/23 Off Market $300,000 -- --
12/27/2022 12/27/22 For Sale $339,900 -- $173 / Sq Ft
Source: NorthstarMLS

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 $4,303 $336,000 $124,000 $212,000
2022 $3,596 $320,000 $99,000 $221,000
2021 $3,118 $271,000 $60,000 $211,000
2020 $3,381 $246,500 $50,900 $195,600
2019 $3,060 $246,500 $33,900 $212,600
2018 $3,885 $220,000 $33,900 $186,100
2017 $3,304 $229,000 $30,800 $198,200
2016 $3,054 $208,000 $30,800 $177,200
2015 $2,722 $181,000 $30,800 $150,200
2014 -- $164,500 $28,400 $136,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6318926

NorthstarMLS

APN: 14-029-24-24-0028