1320 University Ave NE Minneapolis, MN 55413
Sheridan NeighborhoodEstimated Value: $310,000 - $343,000
2
Beds
2
Baths
1,600
Sq Ft
$207/Sq Ft
Est. Value
About This Home
As of September 2022Highly desirable up/down duplex in Sheridan. Hardwood floors, nice layouts, 2 car detached garage. Close to bus + restaurants + river. NOTE: Seller is going to perform an IRC Section 1031 tax deferred exchange by trading the property here in w/CPEC1031 LLC. Lower level unit rents for $900 w/a month to month lease. Upper level unit vacant. Rent was $900. Renters pay electric, gas and cable. Roof 11 years old. Sold as-is. Perfect for owner occupant or investor.
Last Listed By
Lakes Sotheby's International Realty Brokerage Phone: 612-388-8828 Listed on: 05/19/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,096
Year Built
- Built in 1907
Lot Details
- Lot Dimensions are 41x132
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Duplex
- Pitched Roof
Interior Spaces
- 1,600 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Natural lighting in basement
Utilities
- Forced Air Heating System
- Baseboard Heating
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel
- The owner pays for grounds care, repairs, snow removal, taxes
- Assessor Parcel Number 1402924230058
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2022
Closed on
Sep 6, 2022
Sold by
Drake Sheldon and Drake Stacy
Bought by
Vohnoutka Matthew and Vohnoutka Wayne
Seller's Agent
Christopher Willette
Lakes Sotheby's International Realty
Buyer's Agent
Katie McGough
National Realty Guild
List Price
$324,900
Sold Price
$286,375
Premium/Discount to List
-$38,525
-11.86%
Total Days on Market
76
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
$45,040
Avg. Annual Appreciation
5.62%
Original Mortgage
$243,400
Outstanding Balance
$234,609
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$96,806
Purchase Details
Listed on
May 19, 2022
Closed on
Aug 31, 2022
Sold by
Drake Sheldon L and Drake Stacy
Bought by
Vohnoutka Matthew and Vohnoutka Wayne
Seller's Agent
Christopher Willette
Lakes Sotheby's International Realty
Buyer's Agent
Katie McGough
National Realty Guild
List Price
$324,900
Sold Price
$286,375
Premium/Discount to List
-$38,525
-11.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,400
Outstanding Balance
$234,609
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$96,806
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Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vohnoutka Matthew | $268,375 | -- | |
| Vohnoutka Matthew | $286,376 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vohnoutka Matthew | $243,400 | |
| Closed | Vohnoutka Matthew | $243,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2022 09/06/22 | Sold | $286,375 | -4.5% | $179 / Sq Ft |
| 08/03/2022 08/03/22 | Pending | -- | -- | -- |
| 07/25/2022 07/25/22 | Price Changed | $299,900 | -4.8% | $187 / Sq Ft |
| 06/12/2022 06/12/22 | Price Changed | $314,900 | -3.1% | $197 / Sq Ft |
| 05/19/2022 05/19/22 | For Sale | $324,900 | -- | $203 / 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 | $5,167 | $323,000 | $96,000 | $227,000 |
| 2022 | $5,152 | $340,000 | $85,000 | $255,000 |
| 2021 | $4,918 | $300,000 | $45,000 | $255,000 |
| 2020 | $5,071 | $297,500 | $42,800 | $254,700 |
| 2019 | $4,654 | $283,500 | $28,500 | $255,000 |
| 2018 | $4,181 | $253,000 | $28,500 | $224,500 |
| 2017 | $3,561 | $190,000 | $25,900 | $164,100 |
| 2016 | $3,335 | $172,500 | $25,900 | $146,600 |
| 2015 | $3,044 | $150,000 | $25,900 | $124,100 |
| 2014 | -- | $136,500 | $23,500 | $113,000 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Willette
C
Seller's Agent in 2022
Christopher Willette
Lakes Sotheby's International Realty
(612) 388-8828
1 in this area
35 Total Sales
-
Katie McGough
K
Buyer's Agent in 2022
Katie McGough
National Realty Guild
(651) 500-0508
1 in this area
5 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6198785
APN: 14-029-24-23-0058
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