NOT LISTED FOR SALE

2418 Fremont Ave N Minneapolis, MN 55411

Jordan Neighborhood

Estimated Value: $334,511 - $383,000

9 Beds
4 Baths
3,400 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 05, 2014

Last sale price $186,000 $55 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,257/month

188 Days on Market

About This Home

As of May 2014

Great Investment Opportunity or live in one unit & rent out the other. 5BR 2BA & 4BR 2BA units! Former code compliance property. Repairs completed. On 2 bus lines, 4 off st parking spots, separate utilities, New roof, Great Cash Flow property.

Last Agent to Sell the Property

Elie Safi

RE/MAX Advisors Listed on: 10/16/2013

RE/MAX Advisors

Last Buyer's Agent

Brian Finstad

Lakes Area Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $989

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 48x157
  • Landscaped with Trees

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 3,400 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$989

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessments: Unknown
  • Construction: Previously Owned
  • Projected Closed Date: 05/10/2014
  • Taxes With Assessments: 989
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1700
  • Total Fin Square Footage: 3400
  • Below Grade Finished Sq Ft: 1700

Exterior Features

  • Frontage Road: City
  • Exterior: Brick, Stucco
  • Roof: Asphalt Shingles

Utilities

  • Heat: Forced Air

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Tree Coverage - Medium
  • Estimated Lot Dimensions: 48X157

Building Info

  • Year Built: 1963

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2013
  • Tax Value: 989

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2013
Closed on
Apr 23, 2014
Sold by
Lexy Enterprizes Inc
Bought by
Yang Blong and Moua Mai Neng
Seller's Agent
Elie Safi
RE/MAX Advisors
Buyer's Agent
Brian Finstad
Lakes Area Realty
List Price
$199,900
Sold Price
$186,000
Premium/Discount to List
-$13,900
-6.95%
Current Estimated Value
$350,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,128
Avg. Annual Appreciation
5.64%
Original Mortgage
$162,011
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2010
Sold by
Lasalle Bank Na
Bought by
Lexy Enterprizes Inc

Purchase Details

Closed on
Dec 17, 2004
Sold by
Endeavor Holdings Llc
Bought by
Petersen Brett J

Purchase Details

Closed on
Apr 27, 2004
Sold by
Connell Matthew D
Bought by
Gerard Jason P

Purchase Details

Closed on
Feb 14, 2003
Sold by
Ly Phani
Bought by
Connell Matthew

Purchase Details

Closed on
Sep 12, 2000
Sold by
Hud
Bought by
Ly Phani and Ly Pao Choua

Purchase Details

Closed on
Jul 18, 1996
Sold by
Fuller Vincent M
Bought by
Neophytos Iacovou
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yang Blong $172,000 Nations Title Agency Of Minn
Lexy Enterprizes Inc $39,500 --
Petersen Brett J $325,000 --
Gerard Jason P $300,000 --
Connell Matthew $219,300 --
Ly Phani $75,001 --
Neophytos Iacovou $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moua Mai Neng $252,000
Closed Yang Blong $199,500
Closed Yang Blong $162,011
Previous Owner Peterson Brett J $300,000
Previous Owner Petersen Brett J $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2014 05/05/14 Sold $186,000 -7.0% $55 / Sq Ft
04/22/2014 04/22/14 Pending -- -- --
10/16/2013 10/16/13 For Sale $199,900 -- $59 / 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
2023 $4,895 $291,000 $15,000 $276,000
2022 $3,653 $253,000 $14,000 $239,000
2021 $3,259 $215,000 $12,000 $203,000
2020 $3,040 $199,500 $11,600 $187,900
2019 $2,714 $172,000 $7,700 $164,300
2018 $1,542 $149,500 $7,700 $141,800
2017 $1,312 $109,000 $7,000 $102,000
2016 $2,340 $121,000 $7,000 $114,000
2015 $2,131 $105,000 $7,000 $98,000
2014 -- $45,000 $8,300 $36,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Elie Safi

    RE/MAX

    Section Image

  • B

    Buyer's Agent in 2014

    Brian Finstad

    Lakes Area Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4552027

REALTOR® Association of Southern Minnesota

APN: 16-029-24-12-0076

Minnesota Hennepin County Minneapolis 55411 Jordan

2418 Fremont Ave N, Minneapolis, MN

This home is located at 2418 Fremont Ave N, Minneapolis, MN 55411 since 16 October 2013 and is currently estimated at $350,128, approximately $102 per square foot. This property was built in 1963. 2418 Fremont Ave N is a home located in Hennepin County with nearby schools including Hmong International Academy, Olson Middle School, and KIPP Legacy Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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