2518 3rd St NE Minneapolis, MN 55418
Marshall Terrace NeighborhoodEstimated Value: $344,107 - $401,000
3
Beds
2
Baths
1,665
Sq Ft
$224/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Coin Laundry
- Property is Fully Fenced
About This Home
As of October 2023Check out this amazing duplex located in the high demand NE arts district that's perfect if you're thinking about becoming an owner-occupant or as a full investment property. We're talking major upgrades in the last 4 years like a new, modern, horizontal wood privacy fence, extra parking pad, and even a dog-run for your fur baby. The upstairs unit is fully renovated with new windows, a sleek reno of the GIANT bathroom, and new carpet. Downstairs? We've got you covered with a high-tech dishwasher, smart Wi-Fi-enabled light fixtures and door locks, and a bathroom that's straight out of a design blog. Downstairs unit has a lease in place until July 31, 2024 for $2130/month. Both units have brand-new central AC, fresh paint, and there's even a coin-op laundry in the basement. Original woodwork gives the place character, and there's tons of storage space. Plus, you'll have plenty of parking, including a two-car garage.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,951
Year Built
- Built in 1927
Lot Details
- Lot Dimensions are 46x157
- Property is Fully Fenced
- Privacy Fence
- Wood Fence
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Duplex
Interior Spaces
- 1,665 Sq Ft Home
- 1.5-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone or Rock in Basement
- Basement Storage
Utilities
- Forced Air Heating System
- 100 Amp Service
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, grounds care, snow removal
- The owner pays for all utilities, trash collection, water
- Assessor Parcel Number 1102924230092
Community Details
Overview
- 2 Units
- B S Wrights Add Subdivision
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2023
Closed on
Oct 5, 2023
Sold by
Ian D Schwartz Revocable Trust
Bought by
Thomas Kevin
Seller's Agent
Richard Webb
RE/MAX Results
List Price
$380,000
Sold Price
$381,000
Premium/Discount to List
$1,000
0.26%
Total Days on Market
17
Views
29
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
-$7,723
Avg. Annual Appreciation
-1.23%
Original Mortgage
$374,099
Outstanding Balance
$368,095
Interest Rate
7.12%
Mortgage Type
FHA
Estimated Equity
$5,182
Purchase Details
Closed on
Dec 18, 2019
Sold by
Schwartz Robert D and Robert D Schwartz Revocable Tr
Bought by
Schwartz Ian D and Ian D Schwartz Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,400
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 29, 2002
Sold by
Ahmed Dean
Bought by
Lipetzky Michael J and Lipetzky Amy N
Purchase Details
Closed on
Jul 7, 2000
Sold by
Kelling Anne M
Bought by
Ahmed Dean H and Ahmed Sayed
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thomas Kevin | $371,000 | Great North Title | |
| Schwartz Ian D | -- | First American Title Ins Co | |
| Schwartz Robert D | $268,000 | First American Title Ins Co | |
| Lipetzky Michael J | $226,000 | -- | |
| Ahmed Dean H | $188,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thomas Kevin | $374,099 | |
| Previous Owner | Ian D Schwartz Revocable Trust | $267,750 | |
| Previous Owner | Schwartz Robert D | $214,400 | |
| Previous Owner | Lipetzky Michael J | $170,000 | |
| Previous Owner | Lipetzky Michael J | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2023 10/13/23 | Sold | $381,000 | +0.3% | $229 / Sq Ft |
| 09/21/2023 09/21/23 | Pending | -- | -- | -- |
| 09/04/2023 09/04/23 | For Sale | $380,000 | -- | $228 / 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 | $5,406 | $338,000 | $116,000 | $222,000 |
| 2022 | $5,138 | $307,500 | $116,000 | $191,500 |
| 2021 | $4,941 | $302,500 | $55,000 | $247,500 |
| 2020 | $4,621 | $302,500 | $42,000 | $260,500 |
| 2019 | $4,157 | $252,000 | $28,000 | $224,000 |
| 2018 | $3,786 | $229,000 | $28,000 | $201,000 |
| 2017 | $3,365 | $179,500 | $25,500 | $154,000 |
| 2016 | $3,549 | $183,500 | $25,500 | $158,000 |
| 2015 | $3,105 | $153,000 | $25,500 | $127,500 |
| 2014 | -- | $133,000 | $28,100 | $104,900 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Webb
Seller's Agent in 2023
Richard Webb
RE/MAX Results
(612) 221-7435
1 in this area
291 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6416842
APN: 11-029-24-23-0092
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