1607 Adams St NE Minneapolis, MN 55413
Logan Park NeighborhoodEstimated Value: $404,000 - $528,000
4
Beds
3
Baths
2,408
Sq Ft
$195/Sq Ft
Est. Value
About This Home
As of August 2022Classic NE Minneapolis duplex located in a very walkable neighborhood. Loads of character in this
building with original hardwood floors, millwork, tall ceilings, patio, rear balcony, fenced
yard, two car garage and room to expand in the massive 3rd floor space. Updated electrical box in
2011 and New roof in 2019. Main floor unit offers two bedrooms, newer cabinets in the kitchen
with a pantry and updated subway tile bath, large dining room and living room. Second floor unit
offers a private full bathroom for each bedroom, spacious kitchen with a pantry, large dining
room and living room. Laundry and plenty of storage in the basement. Both units have dishwashers.
This property is sure to impress and offers great possibilities with the third floor space.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,540
Year Built
- Built in 1916
Lot Details
- Lot Dimensions are 40x129
- Wood Fence
- Few Trees
Parking
- 2 Car Garage
Home Design
- Duplex
- Pitched Roof
Interior Spaces
- 2,408 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Basement Storage
Outdoor Features
- Patio
Utilities
- Boiler Heating System
- Cable TV Available
Community Details
- 2 Units
- Mcmillans Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel
- The owner pays for insurance, janitorial service, repairs, taxes, trash collection, water
- Assessor Parcel Number 1402924120131
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2022
Closed on
Aug 5, 2022
Sold by
Gassman Matthew and Fontana Josette
Bought by
Miller Benjamin and Miller Samuel
Seller's Agent
Kevin Curtis
RE/MAX Advantage Plus
Buyer's Agent
Lisa Farwell
Keller Williams Realty Integrity Lakes
List Price
$450,000
Sold Price
$450,000
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,300
Avg. Annual Appreciation
1.53%
Original Mortgage
$360,000
Outstanding Balance
$347,172
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$122,128
Purchase Details
Listed on
Jun 15, 2022
Closed on
Jul 22, 2022
Sold by
Gassman Matthew J and Gassman Josette
Bought by
Miller Benjamin and Miller Samuel
Seller's Agent
Kevin Curtis
RE/MAX Advantage Plus
Buyer's Agent
Lisa Farwell
Keller Williams Realty Integrity Lakes
List Price
$450,000
Sold Price
$450,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$347,172
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$122,128
Purchase Details
Closed on
Jun 30, 2011
Sold by
Wells Fargo Bank Na
Bought by
Gassman Matthew J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,300
Interest Rate
4.75%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 27, 2010
Sold by
Renstrom Mark
Bought by
Wells Fargo Bank Na
Purchase Details
Closed on
Jul 1, 2004
Sold by
Korman Paul L
Bought by
Renstrom Mark and Renstrom Anne
Purchase Details
Closed on
Dec 31, 2000
Sold by
Korman Henry P
Bought by
Korman Paul L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Miller Benjamin | $450,000 | -- | |
| Miller Benjamin | $450,000 | -- | |
| Gassman Matthew J | $147,000 | Servicelink | |
| Wells Fargo Bank Na | $249,931 | -- | |
| Renstrom Mark | $275,000 | -- | |
| Korman Paul L | $45,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Miller Benjamin | $360,000 | |
| Closed | Miller Benjamin | $360,000 | |
| Previous Owner | Gassman Matthew J | $205,000 | |
| Previous Owner | Gassman Matthew J | $200,000 | |
| Previous Owner | Gassman Matthew J | $174,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2022 08/05/22 | Sold | $450,000 | 0.0% | $187 / Sq Ft |
| 06/20/2022 06/20/22 | Pending | -- | -- | -- |
| 06/15/2022 06/15/22 | For Sale | $450,000 | -- | $187 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $5,795 | $444,000 | $138,000 | $306,000 |
| 2022 | $6,541 | $416,000 | $126,000 | $290,000 |
| 2021 | $6,527 | $385,000 | $70,000 | $315,000 |
| 2020 | $6,195 | $399,500 | $46,500 | $353,000 |
| 2019 | $5,781 | $350,500 | $31,000 | $319,500 |
| 2018 | $5,263 | $318,500 | $31,000 | $287,500 |
| 2017 | $4,677 | $249,500 | $28,200 | $221,300 |
| 2016 | $4,699 | $243,000 | $28,200 | $214,800 |
| 2015 | $4,108 | $202,500 | $28,200 | $174,300 |
| 2014 | -- | $184,000 | $27,000 | $157,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Curtis
Seller's Agent in 2022
Kevin Curtis
RE/MAX Advantage Plus
(612) 619-6496
1 in this area
107 Total Sales
-
Ryan O'Neill
Seller Co-Listing Agent in 2022
Ryan O'Neill
RE/MAX Advantage Plus
1 in this area
888 Total Sales
-
Lisa Farwell
Buyer's Agent in 2022
Lisa Farwell
Keller Williams Realty Integrity Lakes
(608) 217-4585
1 in this area
105 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6216356
APN: 14-029-24-12-0131
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