224 Russell Ave S Minneapolis, MN 55405
Bryn Mawr Neighborhood
4
Beds
2
Baths
2,072
Sq Ft
1902
Built
Highlights
- Porch
- Patio
- Forced Air Heating System
About This Home
As of October 2024This up-and-down duplex is located in Bryn Mawr, one of the most desirable neighborhoods in Minneapolis. This is a GREAT LOCATION & PROPERTY FOR OWNER OCCUPANT OR INVESTOR. It is also close to downtown and Theodore Wirth Park. The lower two-bedroom unit has a patio and front porch. The upper two-bedroom unit has a private deck. The property includes a single car garage. The home NEW VINYL SIDING (March 2024) and a NEW ROOF (March 2024/both duplex and garage). The property has a strong rental history with no vacancy in decades. It would also be a wonderful opportunity for a conversion back to single family home due to the strong neighborhood and limited availability of houses in the Bryn Mawr neighborhood. Light rail service will be available soon!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,659
Year Built
- Built in 1902
Lot Details
- Lot Dimensions are 128x40
Parking
- 1 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,072 Sq Ft Home
- 1.5-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Basement
- Partial Basement
- Stone or Rock in Basement
- Crawl Space
Outdoor Features
- Patio
- Porch
Utilities
- Forced Air Heating System
- 100 Amp Service
Community Details
- 2 Units
- Gilbert & Andersons Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel, insurance, grounds care, snow removal
- The owner pays for insurance, taxes
- Assessor Parcel Number 2902924110112
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2024
Closed on
Oct 10, 2024
Sold by
Kirby Newton and Kirby Diann
Bought by
Power Walter
Seller's Agent
Newton Kirby
Entheos Commercial Realty, LLC
Buyer's Agent
DeAntrie Adams
Keller Williams Realty Integrity Lakes
List Price
$369,900
Sold Price
$355,000
Premium/Discount to List
-$14,900
-4.03%
Views
75
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
-$4,155
Avg. Annual Appreciation
0.08%
Original Mortgage
$35,000
Outstanding Balance
$24,885
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$330,377
Purchase Details
Listed on
Jun 6, 2024
Closed on
Sep 30, 2024
Sold by
Kirby Newton A and Kirby Diann M
Bought by
Power Walter B
Seller's Agent
Newton Kirby
Entheos Commercial Realty, LLC
Buyer's Agent
DeAntrie Adams
Keller Williams Realty Integrity Lakes
List Price
$369,900
Sold Price
$355,000
Premium/Discount to List
-$14,900
-4.03%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Outstanding Balance
$24,885
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$330,377
Purchase Details
Closed on
May 13, 2015
Sold by
Kirby Newton A and Kirby Diann M
Bought by
Kirby Newton A and Kirby Diann M
Similar Homes in Minneapolis, MN
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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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $355,000 | -- | |
| Warranty Deed | $355,000 | All American Title | |
| Interfamily Deed Transfer | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $35,000 | New Conventional | |
| Open | $329,670 | New Conventional | |
| Closed | $329,670 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2024 10/10/24 | Sold | $355,000 | 0.0% | $171 / Sq Ft |
| 09/07/2024 09/07/24 | Pending | -- | -- | -- |
| 08/16/2024 08/16/24 | Price Changed | $355,000 | -4.0% | $171 / Sq Ft |
| 06/07/2024 06/07/24 | For Sale | $369,900 | -- | $179 / 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 | $6,659 | $418,000 | $179,000 | $239,000 |
| 2022 | $7,156 | $418,000 | $163,000 | $255,000 |
| 2021 | $6,872 | $423,000 | $133,000 | $290,000 |
| 2020 | $7,288 | $422,500 | $109,800 | $312,700 |
| 2019 | $7,124 | $414,200 | $109,800 | $304,400 |
| 2018 | $6,478 | $394,500 | $103,000 | $291,500 |
| 2017 | $6,016 | $323,100 | $93,600 | $229,500 |
| 2016 | $5,896 | $307,200 | $93,600 | $213,600 |
| 2015 | $5,571 | $267,100 | $93,600 | $173,500 |
| 2014 | -- | $232,300 | $89,400 | $142,900 |
Source: Public Records
Agents Affiliated with this Home
-
Newton Kirby
Seller's Agent in 2024
Newton Kirby
Entheos Commercial Realty, LLC
(612) 306-3258
1 in this area
1 Total Sale
-
DeAntrie Adams
Buyer's Agent in 2024
DeAntrie Adams
Keller Williams Realty Integrity Lakes
(763) 218-9738
1 in this area
212 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6549842
APN: 29-029-24-11-0112
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