NOT LISTED FOR SALE

Estimated Value: $403,196 - $452,000

4 Beds
2 Baths
2,368 Sq Ft
$181/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $368,500 $156 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,843/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • Property is Fully Fenced
  • 3-minute walk to Windom Park

About This Home

As of October 2022

Showings this weekend are only btw. 10am-3pm Saturday and Sunday. This duplex offers a great opportunity to owner occupy the upper unit, which will be vacant Nov. 1st, 2022. Property has an over-sized 2 car garage and fully fenced backyard. Ask your agent or listing agent for data on rental comps for other duplex units in the neighborhood. Units at 2232 Lincoln rent below current market rents in neighborhood. Each unit has it's own electric panel, furnace, Central air unit, water heater, gas meter, and water meter. Tenants currently pay electric.

Last Agent to Sell the Property

Carrie Sink

Coldwell Banker Realty Brokerage Phone: 612-298-2809 Listed on: 09/06/2022

Coldwell Banker Realty

Last Buyer's Agent

Sarah Maher

Greater Midwest Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,793

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50x125
  • Property is Fully Fenced

Parking

  • 2 Car Garage
  • Parking Fee

Home Design

  • Duplex

Interior Spaces

  • 2,368 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Lincoln Street Sup East Side A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1202924310126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,793

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2368
  • Water Sewer Expenses: 2200
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: irregular
  • Attribution Contact: 612-298-2809
  • Attribution Contact: 612-298-2809
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 2368
  • Fireplace: No
  • Basement YN: Yes
  • Appliances: Dishwasher,Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 6
  • Amenities: Porch
  • Appliances: Dishwasher,Gas Water Heater,Microwave,Range,Stainless Steel Appliances
  • Total Rooms: 7
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Fencing: Full
  • Neighborhood: Windom Park

Garage/Parking

  • Parking Features: Detached, More Parking Onsite for Fee
  • Garage Square Feet: 649

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 50x125
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding, Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 7080.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1202924310126
  • Tax Annual Amount: 5793
  • TaxWithAssessments: 5793.0000

Multi Family

  • FuelExpense: 1680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 14, 2022
Sold by
Phi Ian T
Bought by
Johnson Matthew and Walby Jennie
Seller's Agent
Carrie Sink
Coldwell Banker Realty
Buyer's Agent
Sarah Maher
Greater Midwest Realty
List Price
$349,900
Sold Price
$368,500
Premium/Discount to List
$18,600
5.32%
Current Estimated Value
$428,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,799
Avg. Annual Appreciation
5.30%
Original Mortgage
$276,375
Outstanding Balance
$267,611
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$159,368

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 11, 2022
Sold by
Nguyen Kathy
Bought by
Phi Ian T
Seller's Agent
Carrie Sink
Coldwell Banker Realty
Buyer's Agent
Sarah Maher
Greater Midwest Realty
List Price
$349,900
Sold Price
$368,500
Premium/Discount to List
$18,600
5.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,375
Outstanding Balance
$267,611
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$159,368

Purchase Details

Closed on
May 17, 2000
Sold by
Rekucki Paul T
Bought by
Phi Ian T
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
Johnson Matthew $368,500 None Listed On Document
Phi Ian T $500 --
Phi Ian T $184,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Matthew $276,375
Previous Owner Phi Ian T $225,000
Previous Owner Phi Ian T $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $368,500 +5.3% $156 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $349,900 -- $148 / 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
2023 $6,110 $382,000 $129,000 $253,000
2022 $5,793 $366,000 $123,000 $243,000
2021 $5,383 $341,000 $62,000 $279,000
2020 $5,299 $324,000 $65,600 $258,400
2019 $4,952 $294,500 $43,700 $250,800
2018 $4,712 $267,500 $43,700 $223,800
2017 $3,871 $201,000 $39,700 $161,300
2016 $3,655 $189,000 $39,700 $149,300
2015 $3,368 $166,000 $39,700 $126,300
2014 -- $148,500 $43,000 $105,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6249383

NorthstarMLS

APN: 12-029-24-31-0126