NOT LISTED FOR SALE

1506 3rd St NE Minneapolis, MN 55413

Sheridan Neighborhood

Estimated Value: $391,000 - $451,642

4 Beds
2 Baths
2,432 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 13, 2012

Last sale price $127,300 $52 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $2,898/month

129 Days on Market

Highlights

  • Property is near public transit
  • Fireplace
  • Landscaped with Trees
  • Wood Flooring
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of August 2012

NOTICE:Numerous material facts discovered during buyers inspection 6/26/2012:Active roof leak,possible water damage, furnace not working properly,structural issues w/ garage & deck. Buyer MUST assume ALL repairs. AS IS. Mult offers. Offers due 9am 4/11/12

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66.00 x 165.00
  • Landscaped with Trees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Duplex
  • Flat Roof Shape
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 2,432 Sq Ft Home
  • Fireplace
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Additional Features

  • Property is near public transit
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Foreclosure
  • Short Sale
  • The owner pays for electric, lawn, maint/repair, snow, trash, water/sewer
  • Assessor Parcel Number 1402924220057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 191.67
  • Assessments: Yes
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Parcel Number: 1402924220057
  • Potential Short Sale: Yes
  • Projected Closed Date: 08/14/2012
  • Taxes With Assessments: 2420.68
  • Estimated Number of Acres: 0.25
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 2432
  • Total Fin Square Footage: 2432

Exterior Features

  • Frontage Road: City
  • Exterior: Cement Board
  • Roof: Asphalt Shingles, Flat
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Garage Type: Attached
  • Number Garage Spaces: 2

Utilities

  • Heat: Forced Air

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Estimated Lot Dimensions: 66.00 X 165.00

Rental Info

  • Owner Expense: Electric, Lawn, Maint/Repair, Snow, Trash, Water/Sewer

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 5400

Tax Info

  • Year: 2011
  • Tax Value: 2229

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2012
Closed on
Aug 13, 2012
Sold by
Walasek Eric
Bought by
Cutler Sharon
List Price
$149,900
Sold Price
$127,300
Premium/Discount to List
-$22,600
-15.08%
Total Days on Market
129
Current Estimated Value
$418,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,361
Avg. Annual Appreciation
9.79%

Purchase Details

Closed on
Jun 29, 2006
Sold by
Coleman Jason D
Bought by
Walasek Eric

Purchase Details

Closed on
Apr 1, 2005
Sold by
Maas Anne Marie
Bought by
Coleman Jason D

Purchase Details

Closed on
Dec 4, 1997
Sold by
Riggs Max M and Riggs Don R
Bought by
Mart Anne M

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
Cutler Sharon $127,300 Title Support Services
Walasek Eric $279,000 --
Coleman Jason D $232,000 --
Mart Anne M $97,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coleman Jason D $220,000
Previous Owner Coleman Jason D $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2012 08/13/12 Sold $127,300 -15.1% $52 / Sq Ft
07/14/2012 07/14/12 Pending -- -- --
04/06/2012 04/06/12 For Sale $149,900 -- $62 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $6,910 $432,000 $162,000 $270,000
2022 $6,754 $435,000 $151,000 $284,000
2021 $6,084 $367,000 $89,000 $278,000
2020 $5,867 $339,500 $105,800 $233,700
2019 $5,448 $300,500 $70,500 $230,000
2018 $4,437 $268,500 $61,600 $206,900
2017 $3,777 $201,500 $56,000 $145,500
2016 $3,249 $168,000 $56,000 $112,000
2015 $2,962 $146,000 $56,000 $90,000
2014 -- $132,500 $52,500 $80,000
Source: Public Records

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3589954

REALTOR® Association of Southern Minnesota

APN: 14-029-24-22-0057

Minnesota Hennepin County Minneapolis 55413 Sheridan

1506 3rd St NE, Minneapolis, MN

Homes for Sale in Minneapolis, MN

This home is located at 1506 3rd St NE, Minneapolis, MN 55413 since 06 April 2012 and is currently estimated at $418,661, approximately $172 per square foot. This property was built in 1900. 1506 3rd St NE is a home located in Hennepin County with nearby schools including Pillsbury Elementary School, Northeast Middle School, and Thomas Edison High School.

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REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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