1402 Douglas Ave Minneapolis, MN 55403
Lowry Hill NeighborhoodEstimated Value: $615,458 - $709,000
3
Beds
5
Baths
3,012
Sq Ft
$223/Sq Ft
Est. Value
Highlights
- Patio
- Forced Air Heating System
- Privacy Fence
About This Home
As of October 2023Location, Turkey, Opportunity and Income are the best words to explain this great side by side duplex in Lowry Hill neighborhood. The location has easy access all around town via biking, walking, ride sharing, or however you like to get around. It is turnkey an ready for an owner occupant or its next renters. Opportunity is endless with the large kitchens, unfinished basements, and lofted rooms on the second level. Income is there for the future of this property as it has the opportunity to immediately or slowly update the property and raise the rents. In addition to those four words it also shows off amazing fireplaces, private/fenced in patios, central AC/heat, and a three car garage. Each unit is on its own gas and electric. Most of the yard is maintenance free. Don't miss out on this one brought to you by Garrett Gordon with Side by Side Realty.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,069
Year Built
- Built in 1965
Lot Details
- Privacy Fence
- Wood Fence
Parking
- 3 Car Garage
- Common or Shared Parking
- Garage Door Opener
Home Design
- Duplex
- Flat Roof Shape
- Rubber Roof
Interior Spaces
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Additional Features
- Patio
- Forced Air Heating System
Community Details
- 2 Units
- Summit Park Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel, insurance, grounds care, snow removal
- The owner pays for insurance, repairs, taxes, trash collection, water
- Assessor Parcel Number 2802924420064
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2023
Closed on
Oct 6, 2023
Sold by
Grossman Judd Arthur and Grossman Mary
Bought by
Smith Jordan R and Doran Colleen M
Seller's Agent
Garrett Gordon
Side by Side Realty LLC
Buyer's Agent
Georgianna Gregori
Capsule Realty
List Price
$595,000
Sold Price
$600,000
Premium/Discount to List
$5,000
0.84%
Total Days on Market
20
Views
39
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
$70,365
Avg. Annual Appreciation
6.95%
Original Mortgage
$450,000
Outstanding Balance
$441,698
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$228,667
Purchase Details
Closed on
Apr 22, 2020
Sold by
Grossman Judd Arthur
Bought by
Grossman Judd Arthur and Grossman Mary Alice
Purchase Details
Closed on
Apr 7, 2015
Sold by
Grossman Judd Arthur
Bought by
Grossman Judd Arthur
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Jordan R | $600,000 | Titlesmart | |
| Grossman Judd Arthur | -- | None Listed On Document | |
| Grossman Judd Arthur | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Smith Jordan R | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2023 10/13/23 | Sold | $600,000 | +0.8% | $199 / Sq Ft |
| 10/06/2023 10/06/23 | Pending | -- | -- | -- |
| 09/16/2023 09/16/23 | For Sale | $595,000 | -- | $198 / 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 | $9,003 | $564,000 | $279,000 | $285,000 |
| 2022 | $8,887 | $564,000 | $279,000 | $285,000 |
| 2021 | $8,113 | $519,000 | $268,000 | $251,000 |
| 2020 | $8,860 | $491,500 | $223,500 | $268,000 |
| 2019 | $9,100 | $491,500 | $223,500 | $268,000 |
| 2018 | $6,839 | $491,500 | $223,500 | $268,000 |
| 2017 | $6,554 | $419,000 | $203,200 | $215,800 |
| 2016 | $6,764 | $419,000 | $203,200 | $215,800 |
| 2015 | -- | $384,500 | $203,200 | $181,300 |
| 2014 | -- | $344,500 | $192,300 | $152,200 |
Source: Public Records
Agents Affiliated with this Home
-
Garrett Gordon
Seller's Agent in 2023
Garrett Gordon
Side by Side Realty LLC
1 in this area
78 Total Sales
-
Georgianna Gregori
Buyer's Agent in 2023
Georgianna Gregori
Capsule Realty
(612) 900-7736
1 in this area
106 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6433780
APN: 28-029-24-42-0064
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