NOT LISTED FOR SALE

2507 3rd St NE Minneapolis, MN 55418

Marshall Terrace Neighborhood

Estimated Value: $328,000 - $355,000

1 Bed
3 Baths
1,300 Sq Ft
$266/Sq Ft Est. Value

About This Home

One-of-a-Kind Apartment, Patio, and Studio for Artists and Makers in Northeast Minneapolis.

Features: New renovation. All new appliances. Induction stove-top, convection oven, garbage disposer, refrigerator, washer/drier. Laminate Flooring. Furnace, pellet stove, and wood stove heat. Insulated, attached garage with wood stove heat may be used as an artist studio or construction/fabrication shop, or just to park your car. 2 off-street, in-driveway spaces directly in front of your garage with private entrance. Architecturally distinct and private outdoor patio for hosting, projects, and relaxation. Spacious and partially fenced yard.

Included services: Electric, Gas, Water/Sewer, Garbace/Recycling, Year-round yard and snow service

Neighborhood:One block of the intersection of University Ave NE and NE Lowry Ave, central to all Northeast Minneapolis has to offer.3 miles from the center of Downtown, just a 20-minute bike ride and a 10-minute drive. Access to public transit pick ups in all directions within 2 blocks of your front door. 1/2 mile to Mississippi River, connects to walk/bike paths and waterfront parks. 5 blocks to the Mississippi River Trail. 7 blocks to the Great Northern Green-way

List of popular restaurants close by:Market BBQ (across the street!). Olive & Lamb (across the street!). Stanley's Northeast Barroom (at the end of the block). Marty's Deli (2 blocks). Hai Hai (4 blocks). Jax Cafe (5 blocks). Carma Coffee (5 blocks). The Buttered Tin (6 blocks). Mojo Coffee Gallery (6 blocks). And lots more to discover!

NOTE: Property managed by Owner. Owners of this property will periodically occupy the adjacent unit through a separate entrance. Laundry and utility sink are in a shared space, accessed between units via separate security doors.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2015
Sold by
Lazarz Alan A
Bought by
Mckee Patrick B and Mckee Mark T
Current Estimated Value
$345,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Outstanding Balance
$103,178
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$242,475
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Mckee Patrick B $178,000 Executive Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckee Patrick B $133,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Off Market $2,100 -- --
11/15/2024 11/15/24 Price Changed $2,100 -12.5% $2 / Sq Ft
10/31/2024 10/31/24 For Rent $2,400 -- --

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
2024 $3,813 $276,000 $96,000 $180,000
2023 $3,626 $288,000 $96,000 $192,000
2022 $3,820 $295,000 $90,000 $205,000
2021 $3,162 $286,000 $38,000 $248,000
2020 $3,310 $249,500 $36,600 $212,900
2019 $3,413 $242,000 $32,100 $209,900
2018 $2,976 $242,000 $32,100 $209,900
2017 $2,914 $205,500 $29,200 $176,300
2016 $2,548 $178,500 $29,200 $149,300
2015 $2,506 $169,000 $29,200 $139,800
2014 -- $159,500 $29,200 $130,300
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55418 Marshall Terrace

2507 3rd St NE, Minneapolis, MN

This home is located at 2507 3rd St NE, Minneapolis, MN 55418 and is currently estimated at $345,653, approximately $265 per square foot. 2507 3rd St NE is a home located in Hennepin County with nearby schools including Pillsbury Elementary School, Northeast Middle School, and Thomas Edison High School.

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.

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