NOT LISTED FOR SALE

1523 E River Terrace Minneapolis, MN 55414

Prospect Park Neighborhood

Estimated Value: $342,000 - $485,000

2 Beds
1.5 Baths
1,491 Sq Ft
$271/Sq Ft Est. Value

Last Sold March 02, 2015

Last sale price $199,500 $134 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $2,606/month

72 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Walk-In Closet
  • Vaulted Ceiling
  • 1 Car Attached Garage
  • Bathroom on Main Level

About This Home

As of March 2015

A true diamond in the rough 3 level mid-century gem! Designed by Long & Thorshav Architects w/ rear addition by Close & Assoc. Architects. Vaulted ceiling, fireplace, large open spaces, new furnace, wood flrs, porch, fam rm. Must see!

Last Agent to Sell the Property

Russell Fierst

RE/MAX Results Listed on: 09/12/2014

Co-Listed By

Joan Fierst

RE/MAX Results

Last Buyer's Agent

Russell Fierst

RE/MAX Results Listed on: 09/12/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,337

Year Built

  • Built in 1953

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 54x92.1x71
  • Partially Fenced Property
  • Irregular Lot
  • Many Trees

Home Design

  • Tri-Level Property
  • Asphalt Shingled Roof

Interior Spaces

  • 1,491 Sq Ft Home
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 1 Car Attached Garage
  • Tuck Under Garage
  • Driveway

Additional Features

  • Storage Shed
  • Property is near public transit
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 3002923430021

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,337

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Hardwood Floors, Vaulted Ceilings, Walk-In Closet
  • Amenities Exterior: Driveway - Concrete, Fenced Yard - Partial
  • Estimated Number of Acres: 0.14
  • Assessment Balance: 321
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 943
  • Parcel Number: 3002923430021
  • Projected Closed Date: 03/13/2015
  • Stories: Tri-Level Split
  • Street Designation: Terrace
  • Taxes With Assessments: 2658
  • Comp Dev Subdiv Name: Mississippi Park Addn. to MPLS
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Total Bedrooms: 2
  • Bathroom Description: Main Floor 1/2 Bath
  • Total Bathrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 20x13, On Level: Lower
  • Room 2: Dining Room, 10x9, On Level: Main
  • Room 3: Family Room, 10x9, On Level: Main
  • Room 4: Kitchen, 13x10, On Level: Main
  • Room 5: Bedroom, 13x13, On Level: Upper
  • Room 6: Bedroom, 13x11, On Level: Upper
  • Basement Material: Concrete Block
  • Basement Style: Crawl Space
  • Finished Above Grade Sq Ft: 1491
  • Total Fin Square Footage: 1491

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached, Tuckunder
  • Garage Capacity: 1

Utilities

  • Fuel: Electric, Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 54x92.1x71
  • Lot/Land Description: Irregular Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Heavy

Building Info

  • Year Built: 1953

Tax Info

  • Year: 2014
  • Tax Value: 2337

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2015
Sold by
Geurts Mark T and Schletty Lorraine M
Bought by
Mink Pamela
Current Estimated Value
$403,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,905
Outstanding Balance
$228,416
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$164,760

Purchase Details

Listed on
Sep 12, 2014
Closed on
Feb 23, 2015
Bought by
Geurts Mark Mark
Seller's Agent
Russell Fierst
RE/MAX Results
Buyer's Agent
Russell Fierst
RE/MAX Results
List Price
$239,900
Sold Price
$199,500
Premium/Discount to List
-$40,400
-16.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
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
Mink Pamela $299,900 Home Title
Geurts Mark Mark $199,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mink Pamela $284,905
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2015 03/02/15 Sold $199,500 -16.8% $134 / Sq Ft
11/23/2014 11/23/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $239,900 -- $161 / 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 $4,755 $368,000 $129,000 $239,000
2022 $4,569 $353,000 $114,000 $239,000
2021 $4,340 $336,000 $91,000 $245,000
2020 $4,703 $331,000 $70,800 $260,200
2019 $4,693 $331,000 $68,400 $262,600
2018 $4,079 $321,500 $68,400 $253,100
2017 $4,183 $282,000 $62,200 $219,800
2016 $2,894 $182,000 $62,200 $119,800
2015 $3,177 $171,500 $62,200 $109,300
2014 -- $151,000 $60,100 $90,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Russell Fierst

    RE/MAX

  • J

    Seller Co-Listing Agent in 2015

    Joan Fierst

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4674169

REALTOR® Association of Southern Minnesota

APN: 30-029-23-43-0021

Minnesota Hennepin County Minneapolis 55414 Prospect Park

1523 E River Terrace, Minneapolis, MN

This home is located at 1523 E River Terrace, Minneapolis, MN 55414 since 12 September 2014 and is currently estimated at $403,646, approximately $270 per square foot. This property was built in 1953. 1523 E River Terrace is a home located in Hennepin County with nearby schools including Pratt Community School, 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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