NOT LISTED FOR SALE

232 W Franklin Ave Unit 207 Minneapolis, MN 55404

Stevens Square Neighborhood

Estimated Value: $198,000 - $245,000

2 Beds
1.5 Baths
1,042 Sq Ft
$212/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $140,000 $134 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,781/month

362 Days on Market

Highlights

  • Building Security
  • Elevator
  • Ceiling Fan
  • Deck
  • Forced Air Heating and Cooling System
  • Heated Garage

About This Home

As of May 2014

NEWLY REMODELED KITCHEN! Quiet 2 bedroom/ 2 bathroom corner unit will meet your every need. Close to downtown, restaurants & freeways. Enjoy nearby lakes & trails. Heated garage with car wash! Move in ready and easy to show! Washer/Dryer included.

Last Listed By

Ben Ganje

Lakes Sotheby's International Realty Listed on: 04/05/2013

Lakes Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,306

Year Built

  • Built in 1982

Lot Details

  • 0.34

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage

Home Design

  • Property Attached
  • Flat Roof Shape
  • Stucco Exterior

Interior Spaces

  • 1,042 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 2702924340088

Community Details

Overview

  • Association fees include building exterior, outside maintenance, professional mgmt, sanitation, security system, snow/lawn care, water/sewer
  • Gassen Association
  • Car Wash Area

Additional Features

  • Elevator
  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,306

Year Built

Built in 1982

Lot Details

0

HOA Fees

$325 per month

Parking

1

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) High Rise (4+ Levels)
  • Cooling System: Central
  • Outside Features: Stucco
  • Garage Spaces: 1.00
  • Accessibility Features: Elevator
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Elevator(s), Lawn Sprinkler, Security Building
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 1982
  • Above Grade Finished Sq Ft: 1042.00
  • Above Grade Finished Area Search: 1042.00
  • Assessment Pending Y N: No
  • Association Management: Gassen
  • Management Company Phone: 952-922-5575
  • Carport Y N: No
  • Co Listing Association Office S K: 6457
  • Condo Approved Financing: FHA
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 6457
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1042.00
  • Living Area Finished Units: Square Feet
  • Minneapolis Community Names: Central
  • Parcel Numbers: 2702924340088
  • Rental License: No
  • Restrictions Type: Pets - Cats Allowed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Shared Room: Exercise Room
  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Microwave, Refrigerator, Washer
  • Fireplace Features: Wood Burning
  • Dining Room Features: Kitchen/Dining Room
  • Fireplace: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Flat

Garage/Parking

  • Parking Features: Heated Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Outside Maintenance, Professional Mgmt, Sanitation, Security System, Snow/Lawn Care, Water/Sewer
  • Association Fee: 325.00

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: Ceiling Fan(s), Deck, Washer/Dryer Hookup

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: No
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CONDO NO 0285 FRANKLIN HILL CONDO UNIT NO 207
  • Tax Amount: 2306.00
  • Tax Year: 2012
  • Tax With Assessments: 2306.00
  • Assessor Parcel Number: 2702924340088

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2013
Closed on
May 12, 2014
Sold by
Swan Eric and Schreiner Dana
Bought by
Bennett Jeremy
Seller's Agent
Ben Ganje
Lakes Sotheby's International Realty
Buyer's Agent
Jason Martinetto
Archer Properties Group
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%
Total Days on Market
362
Current Estimated Value
$221,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,193
Avg. Annual Appreciation
4.22%
Original Mortgage
$126,000
Outstanding Balance
$97,988
Interest Rate
4.34%
Mortgage Type
New Conventional
Estimated Equity
$122,455

Purchase Details

Closed on
Mar 31, 2003
Sold by
Cartford Barbara Anne
Bought by
Swan Eric W

Purchase Details

Closed on
Feb 19, 1998
Sold by
Nelson Mary J
Bought by
Cartford Barabar Anne

Purchase Details

Closed on
Aug 14, 1996
Sold by
Freeman Arthur L
Bought by
Nelson Mary J

Range of Values:

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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
Bennett Jeremy $140,000 Titlenexus Llc
Swan Eric W $153,000 --
Cartford Barabar Anne $76,000 --
Nelson Mary J $66,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Jeremy $126,000
Previous Owner Swan Eric W $125,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2014 05/12/14 Sold $140,000 -12.4% $134 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
04/05/2013 04/05/13 For Sale $159,900 -- $153 / 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 $2,754 $211,000 $11,000 $200,000
2022 $2,813 $203,000 $9,000 $194,000
2021 $2,655 $203,000 $8,000 $195,000
2020 $2,689 $198,500 $8,200 $190,300
2019 $2,516 $185,500 $8,200 $177,300
2018 $2,366 $168,500 $8,200 $160,300
2017 $2,109 $137,000 $8,200 $128,800
2016 $2,123 $133,500 $8,200 $125,300
2015 $2,229 $133,500 $8,200 $125,300
2014 -- $130,000 $8,200 $121,800
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: NST4352201

NorthstarMLS

APN: 27-029-24-34-0088