NOT LISTED FOR SALE

Estimated Value: $611,709 - $778,000

3 Beds
5 Baths
3,012 Sq Ft
$226/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $600,000 $199 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,457/month

20 Days on Market

Highlights

  • Patio
  • Forced Air Heating System
  • Privacy Fence

About This Home

As of October 2023

Location, 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.

Last Agent to Sell the Property

Garrett Gordon

Side by Side Realty LLC Listed on: 09/15/2023

Last Buyer's Agent

Georgianna Gregori

Capsule 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,069

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Patio
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 2960
  • Water Sewer Expenses: 1200
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: 37x40
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 3012
  • Below Grade Finished Sq Ft: 52
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: French Doors,Kitchen Center Island,Patio,Tile Floors
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range,Stainless Steel Appliances
  • FamilyRoomRoomFeatures: Loft
  • Total Rooms: 10
  • Amenities: French Doors,Kitchen Center Island,Patio,Tile Floors
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range,Stainless Steel Appliances
  • Total Rooms: 8
  • FamilyRoomRoomFeatures: Family Room,Loft

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt, Flat, Rubber
  • Fencing: Privacy, Wood
  • Neighborhood: Lowry Hill
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener, Shared Garage/Stall
  • Garage Square Feet: 645
  • Garage Door Height: 7

Utilities

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

Schools

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

Lot Info

  • Lot Size: 6772
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2802924420064
  • Tax Annual Amount: 9069
  • TaxWithAssessments: 9068.5600

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Insurance, Grounds Care, Snow Removal
  • Number Of Refrigerators: Two

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%
Views
39
Current Estimated Value
$680,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,427
Avg. Annual Appreciation
6.18%
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
Source: Public Records

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
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

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 $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

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Map

Source: NorthstarMLS

MLS Number: 6433780

NorthstarMLS

APN: 28-029-24-42-0064