2021 Franklin Ave SE Minneapolis, MN 55414
Prospect Park NeighborhoodEstimated Value: $412,000 - $454,000
3
Beds
1.5
Baths
2,066
Sq Ft
$212/Sq Ft
Est. Value
Highlights
- No HOA
- Porch
- Hot Water Heating System
- The kitchen features windows
- Living Room
- 2-minute walk to Franklin Oval Park
About This Home
As of December 2022Large South Minneapolis charmer, enjoy the Traditional layout of a formal Living room and dining room. This home features 3 levels and a full basement which can build you equity by finishing it, with high ceilings throughout, large bedrooms and beautiful hardwood floors.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,956
Year Built
- Built in 1909
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 43x152
Parking
- 2 Car Garage
Interior Spaces
- 2,066 Sq Ft Home
- 2-Story Property
- Living Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Additional Features
- Porch
- Hot Water Heating System
Community Details
- No Home Owners Association
- Prospect Park 2Nd Div Rev Subdivision
Listing and Financial Details
- Assessor Parcel Number 3002923440100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2022
Closed on
Dec 14, 2022
Sold by
Muthyala Brian K and Muthyala Sarah
Bought by
Herman Karl and Herman Catherine Marie
Seller's Agent
Michele Novotne
Michele Novotne Realty LLC
Buyer's Agent
Stephanie Gruver
RE/MAX Results
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Total Days on Market
272
Views
3
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
$137,233
Avg. Annual Appreciation
16.55%
Original Mortgage
$240,000
Outstanding Balance
$234,443
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$202,790
Purchase Details
Listed on
Feb 4, 2022
Closed on
Nov 3, 2022
Sold by
Muthyala Ramaiah and Muthyala Vimala D
Bought by
Muthyala Brian K
Seller's Agent
Michele Novotne
Michele Novotne Realty LLC
Buyer's Agent
Stephanie Gruver
RE/MAX Results
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$234,443
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$202,790
Purchase Details
Closed on
May 12, 2020
Sold by
Muthyala Brian and Mcintire Sarah
Bought by
Mcintire Sarah
Purchase Details
Closed on
Jun 27, 2008
Sold by
Marshall Byron and Marshall Vera
Bought by
Muthyala Brian K and Muthyala Ramaiah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.1%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Herman Karl | $300,000 | Land Title | |
| Muthyala Brian K | $500 | Land Title | |
| Mcintire Sarah | -- | None Available | |
| Muthyala Brian K | $320,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Herman Karl | $100,000 | |
| Open | Herman Karl | $240,000 | |
| Previous Owner | Muthyala Brian K | $114,700 | |
| Previous Owner | Muthyala Brian K | $256,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/14/2022 12/14/22 | Sold | $300,000 | -8.8% | $145 / Sq Ft |
| 11/03/2022 11/03/22 | Pending | -- | -- | -- |
| 10/14/2022 10/14/22 | Price Changed | $329,000 | -6.0% | $159 / Sq Ft |
| 10/06/2022 10/06/22 | For Sale | $350,000 | 0.0% | $169 / Sq Ft |
| 09/19/2022 09/19/22 | Pending | -- | -- | -- |
| 08/19/2022 08/19/22 | Price Changed | $350,000 | 0.0% | $169 / Sq Ft |
| 08/19/2022 08/19/22 | For Sale | $350,000 | +16.7% | $169 / Sq Ft |
| 07/21/2022 07/21/22 | Off Market | $300,000 | -- | -- |
| 07/11/2022 07/11/22 | Price Changed | $385,000 | -6.1% | $186 / Sq Ft |
| 06/17/2022 06/17/22 | For Sale | $410,000 | +36.7% | $198 / Sq Ft |
| 02/20/2022 02/20/22 | Off Market | $300,000 | -- | -- |
| 02/04/2022 02/04/22 | For Sale | $410,000 | -- | $198 / 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 | $5,900 | $452,000 | $140,000 | $312,000 |
| 2022 | $5,294 | $424,000 | $131,000 | $293,000 |
| 2021 | $5,317 | $382,000 | $100,000 | $282,000 |
| 2020 | $5,744 | $370,500 | $85,800 | $284,700 |
| 2019 | $5,605 | $370,500 | $77,800 | $292,700 |
| 2018 | $5,261 | $349,500 | $77,800 | $271,700 |
| 2017 | $5,033 | $300,000 | $70,700 | $229,300 |
| 2016 | $4,456 | $274,500 | $70,700 | $203,800 |
| 2015 | $4,677 | $274,500 | $70,700 | $203,800 |
| 2014 | -- | $244,500 | $66,800 | $177,700 |
Source: Public Records
Agents Affiliated with this Home
-
Michele Novotne
Seller's Agent in 2022
Michele Novotne
Michele Novotne Realty LLC
(651) 338-8240
1 in this area
49 Total Sales
-
Stephanie Gruver
Buyer's Agent in 2022
Stephanie Gruver
RE/MAX Results
(612) 581-5842
1 in this area
230 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6147887
APN: 30-029-23-44-0100
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