NOT LISTED FOR SALE

Estimated Value: $487,072 - $591,000

14 Beds
4 Baths
2,599 Sq Ft
$212/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $555,000 $214 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,564/month

28 Days on Market

About This Home

As of June 2021

Fabulous up/down duplex in the heart of trendy Arts District in NE Mpls! Main unit features 4 BRs-1 full bath, a finished lower level with family room and laundry. Upper unit features 3 BRS,1 full bath and in-unit laundry. Nice fenced backyard, shared deck and a detached 2-car garage! All new Smartside siding, window wrap and gutters and 2 rain gardens! Walk to your favorite brewpub, coffee shopt, restaurant and enjoy all that NE has to offer! Enjoy the fabulous proximity to the river with its parks and trails. Perfect opportunity to expand your investment portofolio or owner-occupy!

Last Listed By

Laurie Allen

Coldwell Banker Realty Listed on: 04/10/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,044

Year Built

  • Built in 1987

Lot Details

  • Lot Dimensions are 40x135
  • Property is Fully Fenced
  • Chain Link Fence

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Basement Window Egress

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Cutters Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, trash collection, water
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes
  • Assessor Parcel Number 1402924240027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,044

Year Built

Built in 1987

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
  • Association Amenities: Deck
  • Year Built: 1987
  • Above Grade Finished Sq Ft: 2099
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Egress Window(s), Finished, Full, Storage Space
  • Living Area: 2599
  • Fireplace: No
  • Below Grade Finished Sq Ft: 500
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes
  • Amenities: Deck,Kitchen Center Island
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: Deck,Kitchen Center Island
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Microwave,Range
  • Total Rooms: 7
  • Number Of Fireplaces: 0
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 14

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: Chain Link, Full
  • Neighborhood: Sheridan

Garage/Parking

  • Parking Features: Assigned, Detached, Asphalt
  • Carport Spaces: 2
  • Garage Square Feet: 440
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

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), Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement
  • Units Total: 2

Rental Info

  • Expenses: 3705.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 1402924240027
  • Tax Annual Amount: 6044
  • TaxWithAssessments: 6044.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Trash Collection, Water
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
Jun 25, 2021
Sold by
Tamson Properties Llc
Bought by
Anderson Jack Boyd
Seller's Agent
Laurie Allen
Coldwell Banker Realty
Buyer's Agent
Joshua Brook
Wits Realty
List Price
$599,900
Sold Price
$555,000
Premium/Discount to List
-$44,900
-7.48%
Total Days on Market
28
Current Estimated Value
$552,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,982
Avg. Annual Appreciation
-0.14%
Original Mortgage
$524,266
Outstanding Balance
$481,473
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$70,545

Purchase Details

Closed on
Aug 1, 2016
Sold by
Kramer Luke A and Kramer Jill
Bought by
Tamson Properties Llc

Purchase Details

Closed on
Sep 18, 2009
Sold by
Bramantes Duplex Llc
Bought by
Kramer Luke A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,800
Interest Rate
5.5%
Mortgage Type
FHA

Range of Values:

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Average Value
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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
Anderson Jack Boyd $555,000 All American Title Company
Tamson Properties Llc $310,000 Minnesota Title
Kramer Luke A $201,500 --
Anderson Jack Jack $555,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Jack Boyd $524,266
Previous Owner Tamson Propeties Llc $530,000
Previous Owner Kramer Luke A $197,800
Closed Anderson Jack Jack $524,266
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $555,000 -1.8% $214 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/04/2021 05/04/21 Price Changed $565,000 -5.8% $217 / Sq Ft
04/15/2021 04/15/21 For Sale $599,900 -- $231 / 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 $7,614 $476,000 $124,000 $352,000
2022 $6,575 $464,000 $99,000 $365,000
2021 $6,044 $387,000 $60,000 $327,000
2020 $6,292 $370,000 $50,900 $319,100
2019 $5,772 $356,000 $33,900 $322,100
2018 $5,253 $318,000 $33,900 $284,100
2017 $4,817 $257,000 $30,800 $226,200
2016 $4,399 $227,500 $30,800 $196,700
2015 $4,017 $198,000 $30,800 $167,200
2014 -- $180,000 $28,200 $151,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 5738512

NorthstarMLS

APN: 14-029-24-24-0027