NOT LISTED FOR SALE

1505 E 25th St Minneapolis, MN 55404

Phillips Neighborhood

Estimated Value: $47,000 - $212,000

0.08 Acre
$1,154,150 Price per Acre
3,485 Sq Ft Lot

Last Sold June 10, 2013

Last sale price $3,500 $2 Per Sq Ft

Est. 2,538% increase in value since last sale

Current estimated payment $497/month

139 Days on Market

About This Lot

As of June 2013

Nice lot in the heart of it all! Bank owned, As-is, home was razed prior to this lender receiving property. Agents to verify measurements.

Last Agent to Sell the Property

Mark Kouatli

Edina Realty, Inc. Listed on: 10/25/2012

Last Buyer's Agent

Nicolai Avdulov

AND Group LLC

Property Details

Property Type

  • Land

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot
  • Finished Lot(s)

Farming

  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 3502924130136

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Homestead
  • Sub Type: Agriculture
  • Assessments: Unknown
  • Parcel Number: 3502924130136
  • Street Designation: Street
  • Estimated Number of Acres: 0.08
  • Additional Information: Abstract
  • Development Status: Finished Lot
  • Topography: Level
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: City Water, Electric, Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2023
Sold by
Paramount Holdings Llc
Bought by
Mohamed Abdi Ahmed
Current Estimated Value
$92,332

Purchase Details

Closed on
Oct 1, 2021
Sold by
Paramount Holdings Llc
Bought by
Mohamed Abdi Ahmed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
2.8%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Listed on
Oct 25, 2012
Closed on
Jun 5, 2013
Sold by
Fortus Opportunity Fund Ii Llc
Bought by
Axl Management Llc
Seller's Agent
Mark Kouatli
Edina Realty, Inc.
Buyer's Agent
Nicolai Avdulov
AND Group LLC
List Price
$5,000
Sold Price
$3,500
Premium/Discount to List
-$1,500
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.58%

Purchase Details

Closed on
Sep 21, 2012
Sold by
Federal National Mortgage Association
Bought by
Fortus Opportunity Fund Ii Llc

Purchase Details

Closed on
Sep 27, 2011
Sold by
Suntrust Mortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 14, 2011
Sold by
Cudrio Fredrick B
Bought by
Suntrust Mortgage Inc

Purchase Details

Closed on
Jun 17, 1997
Sold by
Swanson Leslie J and Swanson Arleen S
Bought by
Cudrio Fredrick Breckenridge
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Mohamed Abdi Ahmed $50,000 None Listed On Document
Mohamed Abdi Ahmed $50,000 Results Title
Paramount Holdings Llc $40,000 Stewart Title Company
Axl Management Llc $3,397 Edina Realty Title
Axl Management Llc $3,397 Multiple
Axl Management Llc $3,397 Edina Realty Title
Fortus Opportunity Fund Ii Llc -- Servicelink
Federal National Mortgage Association -- None Available
Suntrust Mortgage Inc $94,575 --
Cudrio Fredrick Breckenridge $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mohamed Abdi Ahmed $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2013 06/10/13 Sold $3,500 -30.0% $2 / Sq Ft
03/13/2013 03/13/13 Pending -- -- --
10/25/2012 10/25/12 For Sale $5,000 -- $3 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2024 $201 $11,000 $11,000 --
2023 $160 $10,000 $10,000 --
2022 $133 $9,000 $9,000 $0
2021 $128 $7,800 $7,800 $0
2020 $138 $7,800 $7,800 $0
2019 $142 $7,800 $7,800 $0
2018 $144 $7,800 $7,800 $0
2017 $133 $7,100 $7,100 $0
2016 $138 $7,100 $7,100 $0
2015 $217 $7,100 $7,100 $0
2014 -- $7,100 $7,100 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mark Kouatli

    Edina Realty, Inc.

  • N

    Buyer's Agent in 2013

    Nicolai Avdulov

    AND Group LLC

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4412165

REALTOR® Association of Southern Minnesota

APN: 35-029-24-13-0136

Minnesota Hennepin County Minneapolis 55404 Phillips

1505 E 25th St, Minneapolis, MN

Not Listed for Sale

Lots

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