NOT LISTED FOR SALE

1512 Park Ave Minneapolis, MN 55404

Elliot Park Neighborhood

Estimated Value: $512,000 - $570,000

9 Beds
6 Baths
3,312 Sq Ft
$165/Sq Ft Est. Value

Last Sold October 17, 2014

Last sale price $310,000 $94 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,695/month

66 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 3-minute walk to Franklin Steele Square
  • Fireplace

About This Home

As of October 2014

Incredible investment property near downtown! All three units boast 3 large bedrooms and 1.5 baths which make this a great income generator and also perfect for an owner occupant.

Last Agent to Sell the Property

Benjamin Johnson

Edina Realty, Inc. Listed on: 07/20/2014

Last Buyer's Agent

Benjamin Johnson

Edina Realty, Inc. Listed on: 07/20/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,847

Year Built

  • Built in 2001

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 79x128

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 3,312 Sq Ft Home
  • Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,847

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Assessments: Unknown
  • Construction: Previously Owned
  • Projected Closed Date: 10/21/2014
  • Street Designation: Avenue
  • Taxes With Assessments: 6847.02
  • Estimated Number of Acres: 0.24
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3312
  • Total Fin Square Footage: 3312

Exterior Features

  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Forced Air

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 79x128

Building Info

  • Year Built: 2001

Multi Family

  • Total Units Available: 3

Tax Info

  • Year: 2014
  • Tax Value: 6847

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2018
Sold by
Howey Dale M and Howey Alana Hinrich
Bought by
Green Rick Assets Llc
Current Estimated Value
$547,000

Purchase Details

Listed on
Jul 20, 2014
Closed on
Oct 17, 2014
Sold by
Federal National Mortgage Association
Bought by
Howey Dale
Seller's Agent
Benjamin Johnson
Edina Realty, Inc.
Buyer's Agent
Benjamin Johnson
Edina Realty, Inc.
List Price
$344,900
Sold Price
$310,000
Premium/Discount to List
-$34,900
-10.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$248,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2013
Sold by
Morocho Humberto and Sanchez Rosario
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 6, 2011
Sold by
Morocho Humberto
Bought by
Interbank Fsb

Purchase Details

Closed on
Jan 29, 2003
Sold by
Morocho Humberto and Sanchez Rosario
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 14, 2001
Sold by
Vendel Vernon S and Vendel June B
Bought by
Morocho Humberto
Source: Public Records

Range of Values:

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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
Green Rick Assets Llc -- Land Title Inc
Howey Dale -- Alliance Title Llc
Federal National Mortgage Association -- None Available
Interbank Fsb $283,765 --
The Bank Of New York Mellon -- None Available
Morocho Humberto $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Rock Assets Llc $442,500
Previous Owner Howey Dale $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2014 10/17/14 Sold $310,000 -10.1% $94 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
07/20/2014 07/20/14 For Sale $344,900 -- $104 / 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 $8,574 $536,000 $306,000 $230,000
2022 $8,036 $506,000 $296,000 $210,000
2021 $7,719 $473,000 $276,000 $197,000
2020 $7,459 $472,500 $273,000 $199,500
2019 $6,961 $422,000 $212,400 $209,600
2018 $6,455 $383,500 $212,400 $171,100
2017 $6,506 $347,100 $212,400 $134,700
2016 $7,319 $378,500 $111,200 $267,300
2015 $6,676 $329,000 $111,200 $217,800
2014 -- $313,500 $91,000 $222,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Benjamin Johnson

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4650149

REALTOR® Association of Southern Minnesota

APN: 26-029-24-32-0327

Minnesota Hennepin County Minneapolis 55404 Elliot Park

1512 Park Ave, Minneapolis, MN

This home is located at 1512 Park Ave, Minneapolis, MN 55404 since 20 July 2014 and is currently estimated at $547,000, approximately $165 per square foot. This property was built in 2001. 1512 Park Ave is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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