NOT LISTED FOR SALE

Estimated Value: $911,216 - $1,219,000

7 Beds
3 Baths
6,109 Sq Ft
$180/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $990,000 $162 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,561/month

62 Days on Market

Highlights

  • Sauna
  • Porch
  • Forced Air Heating System
  • Elevator
  • Patio
  • Partially Fenced Property

About This Home

As of May 2024

Original Craftsman Features blended with new gourmet kitchen and updated baths create a spectacular property. You will be awestruck by the gorgeous Stained Glass, Built-in-Buffets and Pristine Millwork. Unusually large bedrooms for the period. An elevator services all four levels of the main property great for a new owner for multi-generational living. A sauna, Wine-Cellar, main level half-bath and laundry are additional updates. High-end finishes in baths and kitchen. Granite counters, custom cabinets, stainless appliances and gas fireplace in the kitchen. Separate units in the Lower level and the carriage house above the 3 stall garage. Beautiful views of downtown from upper level deck. Walk to Lake of the Isles and many restaurants and coffee. Easy access to Downtown MPLS.

Last Agent to Sell the Property

Kent Hranicka

RE/MAX Results Listed on: 02/01/2024

RE/MAX Results

Co-Listed By

Jason Reed

RE/MAX Results

Last Buyer's Agent

Rodney Urbanski

Fish MLS Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,720

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 55x135
  • Partially Fenced Property
  • Wood Fence

Parking

  • 3 Car Garage
  • Heated Garage

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Sauna
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for fuel, insurance, repairs, taxes, trash collection, water
  • Assessor Parcel Number 2802924440062

Community Details

Overview

  • 3 Units
  • Groveland Add Subdivision

Amenities

  • Elevator

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,720

Year Built

Built in 1905

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 3
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Elevator(s), Patio, Porch, Sauna
  • Year Built: 1905
  • Above Grade Finished Sq Ft: 4573
  • Water Sewer Expenses: 1100
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: 40X38
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 6109
  • Below Grade Finished Sq Ft: 1536
  • Owner Pays: Fuel, Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Built-In Bookcases,Cathedral Ceilings,Ceiling Fan(s),Countertops-Granite,Custom Cabinetry,City View,Deck,French Doors,Historic/Period Millwork,Kitchen Center Island,Paneled Doors,Tile Floors
  • Appliances: Dishwasher,Dryer,Range
  • Number Of Fireplaces: 2
  • Total Rooms: 16
  • Total Rooms: 4
  • Amenities: French Doors
  • Appliances: Dishwasher,Dryer,Range
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: Partial, Wood
  • ConstructionMaterialsDesc: Concrete
  • Neighborhood: Lowry Hill
  • PatioPorchType: Deck,Front Porch,Patio

Garage/Parking

  • Parking Features: Detached, Concrete, Heated Garage
  • Garage Square Feet: 625
  • Garage Door Height: 7
  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler, Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Topography: Level
  • Lot Size: 55x135
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 3

Rental Info

  • Expenses: 14300.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2802924440062
  • Tax Annual Amount: 17720
  • TaxWithAssessments: 17720.0000

Multi Family

  • TenantPays: Electricity, Fuel
  • ElectricExpense: 600
  • FuelExpense: 1400
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 1, 2024
Sold by
Morken Peter J
Bought by
Welch John
Seller's Agent
Kent Hranicka
RE/MAX Results
Buyer's Agent
Rodney Urbanski
Fish MLS Realty
List Price
$990,000
Sold Price
$990,000
Views
143
Current Estimated Value
$1,099,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,804
Avg. Annual Appreciation
7.86%
Original Mortgage
$594,000
Outstanding Balance
$585,655
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$514,149

Purchase Details

Closed on
Aug 27, 2021
Sold by
Roess Michael R and Roess Ann M
Bought by
Morken Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,250
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 25, 2019
Sold by
Imetroproperty Kenwood Llc
Bought by
Roess Michael R and Roess Ann M

Purchase Details

Closed on
Jul 20, 2016
Sold by
Trisko Frank J
Bought by
Imetroproperty Kenwood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 29, 2016
Sold by
Trisko Frank J
Bought by
Imetroproperty Kenwood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 27, 2002
Sold by
Estate Of Edward Settevig
Bought by
Trisko Frank J
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
Welch John $270,000 Watermark Title
Morken Peter J $1,075,000 Servion Commercial Title
Roess Michael R -- None Available
Imetroproperty Kenwood Llc $595,000 Ancona Title & Escrow
Imetroproperty Kenwood Llc $595,000 Global Closing
Trisko Frank J $160,000 --
Morken Peter Peter $1,075,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welch John $594,000
Previous Owner Morken Peter J $806,250
Previous Owner Imetroproperty Kenwood Llc $880,000
Previous Owner Imetroproperty Kenwood Llc $445,000
Closed Morken Peter Peter $801,472
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $990,000 0.0% $162 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $990,000 -- $162 / 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
2024 $21,031 $1,157,000 $266,000 $891,000
2023 $18,470 $1,157,000 $266,000 $891,000
2022 $17,205 $1,102,000 $257,000 $845,000
2021 $14,947 $1,105,000 $272,000 $833,000
2020 $16,273 $1,004,500 $244,100 $760,400
2019 $18,344 $1,004,500 $228,000 $776,500
2018 $16,709 $1,004,500 $228,000 $776,500
2017 $9,685 $600,000 $207,300 $392,700
2016 $12,473 $728,500 $207,300 $521,200
2015 $12,754 $712,500 $207,300 $505,200
2014 -- $671,500 $194,100 $477,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6482686

NorthstarMLS

APN: 28-029-24-44-0062