NOT LISTED FOR SALE

Estimated Value: $488,350 - $544,000

8 Beds
3 Baths
3,150 Sq Ft
$162/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $442,715 $141 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,423/month

50 Days on Market

Highlights

  • Porch
  • Hot Water Heating System
  • Coin Laundry
  • Central Senior High School Rated A-

About This Home

As of December 2022

Fantastic investment opportunity in prime Merriam Park neighborhood! Within walking distance to Macalester College and St. Thomas College, owner has leased property for last 25 years and has consistent rental history. All three units are rented until May 2023, but tenants in 2nd and 3rd level are open to lease buyout for owner-occupied buyers. Current rents: 1st floor - $1595, 2nd floor - $1695, 3rd floor - $1120. Tenants reimburse landlord periodically for all utilities. Commercial coin-op washer and dryer in basement averages $40/month. Total gross monthly revenue of $4450. 2 car garage in back could be additional income or used for owner-occupied. Metal 50 year rated roof done in 2013! All 3 floor bath remodels in last 3 years. With beautiful hardwood floors, natural woodwork throughout, stainless steel appliances, and an amazing location, this triplex is a must-see! All showings require 24 hour notice.

Last Agent to Sell the Property

Steven Anderson

VIBE Realty Brokerage Email: steve@vibemn.com Listed on: 10/20/2022

Co-Listed By

Lauren Henry

VIBE Realty Brokerage Email: steve@vibemn.com

Last Buyer's Agent

Sam Steadman

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,242

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 40x150
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Metal Roof

Interior Spaces

  • 3,150 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Porch

Utilities

  • Hot Water Heating System
  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for electricity, fuel, grounds care, snow removal, trash collection, water
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 042823130028

Community Details

Overview

  • 3 Units
  • Schroeders Add To, The Circle Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,242

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned, Porch
  • Year Built: 1914
  • Above Grade Finished Sq Ft: 3150
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: steve@vibemn.com
  • Attribution Contact: steve@vibemn.com
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 3150
  • Fireplace: No
  • Owner Pays: Insurance, Taxes
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s),Porch
  • Appliances: Dishwasher,Microwave,Range
  • Total Rooms: 7
  • Amenities: Ceiling Fan(s),Porch
  • Appliances: Dishwasher,Microwave,Range
  • Total Rooms: 7
  • Appliances: Dishwasher,Microwave,Range
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Roof: Metal
  • ConstructionMaterialsDesc: Block
  • Neighborhood: Merriam Park/Lexington-Hamline

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 484

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: St. Paul
  • SchoolDistrictNumber: 625
  • SchoolDistrictPhone: 651-767-8100

Lot Info

  • Lot Size: 40x150
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board
  • Units Total: 3

Rental Info

  • Expenses: 11640.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 042823130028
  • Tax Annual Amount: 8242
  • TaxWithAssessments: 8242.0000

Multi Family

  • TenantPays: Electricity, Fuel, Grounds Care, Snow Removal, Trash Collection, Water
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2024
Sold by
Steady Properties Llc
Bought by
Bravo Properties Llc
Current Estimated Value
$511,838

Purchase Details

Listed on
Oct 20, 2022
Closed on
Dec 30, 2022
Sold by
Lepage Mark Stephen
Bought by
Steady Properties Llc
Seller's Agent
Steven Anderson
VIBE Realty
Buyer's Agent
Sam Steadman
RE/MAX Results
List Price
$549,900
Sold Price
$442,715
Premium/Discount to List
-$107,185
-19.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$341,250
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 1996
Sold by
Olson Harshman Christine
Bought by
Engler Andrea S
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
Bravo Properties Llc $217,500 Land Title
Steady Properties Llc $442,714 Executive Title
Engler Andrea S $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steady Properties Llc $341,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2022 12/30/22 Sold $442,715 -11.4% $141 / Sq Ft
12/09/2022 12/09/22 Pending -- -- --
12/08/2022 12/08/22 Price Changed $499,900 -2.0% $159 / Sq Ft
11/30/2022 11/30/22 Price Changed $509,900 -2.9% $162 / Sq Ft
11/10/2022 11/10/22 Price Changed $524,900 -4.5% $167 / Sq Ft
10/20/2022 10/20/22 For Sale $549,900 -- $175 / Sq Ft
Source: NorthstarMLS

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
2025 $8,872 $444,200 $96,000 $348,200
2023 $8,872 $442,600 $96,000 $346,600
2022 $8,242 $415,700 $96,000 $319,700
2021 $7,302 $397,500 $96,000 $301,500
2020 $7,272 $374,400 $96,000 $278,400
2019 $7,098 $345,900 $96,000 $249,900
2018 $6,832 $323,800 $96,000 $227,800
2017 $5,802 $327,900 $96,000 $231,900
2016 $6,132 $0 $0 $0
2015 $6,666 $287,700 $96,000 $191,700
2014 $6,480 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6272732

NorthstarMLS

APN: 04-28-23-13-0028