NOT LISTED FOR SALE

1948 E River Terrace Minneapolis, MN 55414

Prospect Park Neighborhood

Estimated Value: $345,000 - $433,365

3 Beds
1 Bath
1,219 Sq Ft
$326/Sq Ft Est. Value

Last Sold April 20, 2012

Last sale price $207,000 $170 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $2,591/month

90 Days on Market

Highlights

  • Deck
  • Breakfast Area or Nook
  • 1 Car Detached Garage
  • Wood Flooring
  • Formal Dining Room
  • 5-minute walk to Chergosky Park

About This Home

As of April 2012

Best value in the neighborhood! Build equity quickly with this charming Cape Cod style home, just one block from the Mississippi River! Large, private back yard, cozy Sunroom, Kitchen with Breakfast "Nook", wood burning Fireplace and Hardwood Floors...

Last Agent to Sell the Property

Brad Palecek

Edina Realty, Inc. Listed on: 12/28/2011

Last Buyer's Agent

John Vik

eShowcase Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,150

Year Built

  • 1933

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,219 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,150

Year Built

1933

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Hardwood Floors
  • Amenities Exterior: Deck, Porch
  • Estimated Number of Acres: 0.17
  • Construction: Previously Owned
  • Foundation Size: 660
  • Projected Closed Date: 04/20/2012
  • Stories: 2 Story
  • Street Designation: Terrace
  • Taxes With Assessments: 4808
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1933

Interior Features

  • Dining Room: Breakfast Nook, Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Living Room, 25x13, On Level: Main
  • Room 2: Dining Room, 11x10, On Level: Main
  • Room 4: Kitchen, 14x10, On Level: Main
  • Room 5: Bedroom, 14x11, On Level: Upper
  • Room 6: Bedroom, 11x11, On Level: Upper
  • Room 7: 9x8, On Level: Upper
  • Room 9: Porch, 12x8, On Level: Main
  • Room 10: Deck, 14x12, On Level: Main
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1219
  • Total Fin Square Footage: 1219

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Cooling: Window
  • Fuel: Natural Gas

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 50x150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 1996
Sold by
Rolf David and Rolf Lisa
Bought by
Mayer Marcus H and Mayer Lena Marie
Current Estimated Value
$396,841
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
Mayer Marcus H $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vik John V $148,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2012 04/20/12 Sold $207,000 -5.5% $170 / Sq Ft
03/27/2012 03/27/12 Pending -- -- --
12/28/2011 12/28/11 For Sale $219,000 -- $180 / 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 $5,150 $396,000 $197,000 $199,000
2022 $5,199 $370,000 $170,000 $200,000
2021 $5,307 $378,000 $176,000 $202,000
2020 $5,187 $398,000 $132,300 $265,700
2019 $5,119 $362,000 $122,500 $239,500
2018 $4,638 $348,000 $122,500 $225,500
2017 $4,507 $301,500 $111,400 $190,100
2016 $3,979 $262,000 $111,400 $150,600
2015 $4,178 $262,000 $111,400 $150,600
2014 -- $249,500 $98,600 $150,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Brad Palecek

    Edina Realty, Inc.

  • J

    Buyer's Agent in 2012

    John Vik

    eShowcase Realty, LLC

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4095323

REALTOR® Association of Southern Minnesota

APN: 31-029-23-11-0121

Minnesota Hennepin County Minneapolis 55414 Prospect Park

1948 E River Terrace, Minneapolis, MN

This home is located at 1948 E River Terrace, Minneapolis, MN 55414 since 28 December 2011 and is currently estimated at $396,841, approximately $325 per square foot. This property was built in 1933. 1948 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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