NOT LISTED FOR SALE

221 Rice Creek Terrace NE Minneapolis, MN 55432

Estimated Value: $437,000 - $477,000

5 Beds
3 Baths
2,960 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 11, 2013

Last sale price $209,500 $71 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,937/month

70 Days on Market

Highlights

  • Deck
  • Formal Dining Room
  • Woodwork
  • Wood Flooring
  • 2 Car Attached Garage
  • 4-minute walk to Jay Park

About This Home

As of December 2013

Picturesque views of the Rice Creek Watershed, pond and island views. Terraced lot w/fabulous landscaping, mature blend of oaks, pines, & conifers. 2 MF living spaces, 2 sided gas fireplace, LL WO Family room w/wood fireplace.

Last Agent to Sell the Property

Frank D'Angelo

Exit Realty Nexus Listed on: 09/11/2013

Co-Listed By

Sheldon Berquist

Exit Realty Nexus

Last Buyer's Agent

Brian Treece

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,098

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x156x88
  • Many Trees

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Wood Burning Fireplace
  • Formal Dining Room

Kitchen

  • Built-In Oven
  • Indoor Grill
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 143024220071

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,098

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Garage Door Opener, Hardwood Floors, Natural Woodwork, Tiled Floors
  • Amenities Exterior: Deck, Patio
  • Estimated Number of Acres: 0.34
  • Assessment Balance: 24
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 1600
  • Mechanicals: Furnace Humidifier, Water Softener-Owned
  • Parcel Number: 143024220071
  • Projected Closed Date: 12/18/2013
  • Stories: 1 Story
  • Taxes With Assessments: 4122
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Indoor Grill, Microwave, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 5
  • Bathroom Description: 3/4 Basement, 3/4 Master, Main Floor Full Bath, Private Master
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 24x13, On Level: Main
  • Room 2: Dining Room, 11x19, On Level: Main
  • Room 3: Family Room, 40x11, On Level: Lower
  • Room 4: Kitchen, 26x11, On Level: Main
  • Room 5: Bedroom, 13x11, On Level: Main
  • Room 6: Bedroom, 11x11, On Level: Main
  • Room 7: 11x9, On Level: Main
  • Room 8: Bedroom, 13x14, On Level: Lower
  • Room 9: Bedroom, 13x12, On Level: Lower
  • Room 10: Great Room, 11x16, On Level: Main
  • Room 11: Deck, 28x12, On Level: Main
  • Room 12: Laundry Room, 18x11, On Level: Lower
  • Room 13: Kitchen, 13x12, On Level: Lower
  • Basement Features: Egress Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 1600
  • Below Grade Finished Sq Ft: 1360
  • Total Fin Square Footage: 2960

Exterior Features

  • Frontage Road: City
  • Exterior: Brick, Stucco
  • Roof: Asphalt Shingles
  • Waterfront Description: Creek/Stream

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Fridley #14

Lot Info

  • Estimated Lot Dimensions: 100x156x88
  • Lot/Land Description: Tree Coverage - Heavy

Building Info

  • Year Built: 1962

Tax Info

  • Year: 2013
  • Tax Value: 4098

MLS Schools

  • School District: Fridley #14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2013
Closed on
Dec 11, 2013
Sold by
Elverud Lyle M and Elverud Elsie M
Bought by
Schaefer David T
Seller's Agent
Frank D'Angelo
Exit Realty Nexus
Buyer's Agent
Brian Treece
RE/MAX Results
List Price
$235,000
Sold Price
$209,500
Premium/Discount to List
-$25,500
-10.85%
Current Estimated Value
$452,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,473
Avg. Annual Appreciation
6.66%
Original Mortgage
$188,550
Interest Rate
4.1%
Mortgage Type
New Conventional
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
Schaefer David T $209,500 Lakeside Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaefer David T $49,957
Open Schaefer David T $200,000
Closed Schaefer David T $50,000
Closed Schaefer David T $178,200
Closed Schaefer David $41,360
Closed Schaefer David T $188,550
Previous Owner Elverud Lyle M $171,000
Previous Owner Elverud Lyle M $100,000
Previous Owner Elverud Lyle $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2013 12/11/13 Sold $209,500 -10.9% $71 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
09/11/2013 09/11/13 For Sale $235,000 -- $79 / 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
2025 $5,614 $430,200 $137,500 $292,700
2024 $5,614 $405,100 $117,700 $287,400
2023 $4,807 $403,600 $110,000 $293,600
2022 $4,561 $385,200 $94,600 $290,600
2021 $4,335 $318,300 $71,500 $246,800
2020 $4,171 $301,900 $71,500 $230,400
2019 $3,808 $279,800 $67,100 $212,700
2018 $3,549 $258,500 $0 $0
2017 $3,365 $234,600 $0 $0
2016 $3,158 $205,900 $0 $0
2015 -- $205,900 $65,100 $140,800
2014 -- $224,300 $89,500 $134,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4532766

REALTOR® Association of Southern Minnesota

APN: 14-30-24-22-0071