NOT LISTED FOR SALE

2538 Garfield Ave Minneapolis, MN 55405

Whittier Neighborhood

Estimated Value: $530,914 - $633,000

5 Beds
3 Baths
2,973 Sq Ft
$197/Sq Ft Est. Value

Last Sold April 02, 2015

Last sale price $435,625 $147 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,788/month

30 Days on Market

Highlights

  • Property is near public transit
  • Community Garden
  • Skylights
  • Wood Flooring
  • 2 Car Detached Garage
  • 4-minute walk to Whittier Park

About This Home

As of April 2015

Exceptionally maintained historic duplex with upper level master's suite on third floor. Hardwood, wood floors, stained glass, built-in buffets, newer kitchens, separate boilers and water heaters, oversized garage. Great cash flow, or owner occupied.

Last Agent to Sell the Property

Alena Temple

Boardwalk Realty Inc Listed on: 01/28/2015

Last Buyer's Agent

Angela Olson-Martin

Coldwell Banker Burnet

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,892

Year Built

  • Built in 1908

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40x119
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,973 Sq Ft Home
  • Woodwork
  • Ceiling Fan
  • Skylights
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • 2 Units
  • Community Garden

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for janitorial, maint/repair, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,892

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 46
  • Assessments: Yes
  • Construction: Previously Owned
  • Projected Closed Date: 04/03/2015
  • Taxes With Assessments: 3938
  • Estimated Number of Acres: 0.09
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished
  • Finished Above Grade Sq Ft: 2973
  • Total Fin Square Footage: 2973

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Exterior: Cement Board, Wood
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Concrete

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Condo/Co-op/Association

  • Shared: Common Garden, Patio

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Estimated Lot Dimensions: 40x119

Rental Info

  • Owner Expense: Janitorial, Maint/Repair, Trash, Water/Sewer
  • Tenant Expense: Electric, Fuel

Building Info

  • Year Built: 1908

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 11752

Tax Info

  • Year: 2014
  • Tax Value: 3892

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2015
Closed on
Apr 2, 2015
Sold by
Greene Timothy A and Greene Paul Joseph
Bought by
Wells Randall L and Wells Judyann G
Seller's Agent
Alena Temple
Boardwalk Realty Inc
Buyer's Agent
Angela Olson-Martin
Coldwell Banker Burnet
List Price
$449,900
Sold Price
$435,625
Premium/Discount to List
-$14,275
-3.17%
Current Estimated Value
$585,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,104
Avg. Annual Appreciation
2.55%
Original Mortgage
$326,715
Outstanding Balance
$252,509
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$314,729
Source: Public Records

Range of Values:

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Average Value
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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
Wells Randall L $435,623 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Randall L $326,715
Previous Owner Greene Timothy A $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2015 04/02/15 Sold $435,625 -3.2% $147 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
01/28/2015 01/28/15 For Sale $449,900 -- $151 / 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 $7,998 $500,000 $148,000 $352,000
2022 $7,441 $487,000 $138,000 $349,000
2021 $7,645 $438,000 $107,000 $331,000
2020 $7,964 $468,000 $86,400 $381,600
2019 $7,497 $433,500 $57,600 $375,900
2018 $6,584 $413,000 $57,600 $355,400
2017 $5,848 $312,000 $52,400 $259,600
2016 $5,250 $271,500 $52,400 $219,100
2015 $4,133 $259,500 $52,400 $207,100
2014 -- $231,500 $54,800 $176,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Alena Temple

    Boardwalk Realty Inc

  • A

    Buyer's Agent in 2015

    Angela Olson-Martin

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4711731

REALTOR® Association of Southern Minnesota

APN: 34-029-24-23-0055

Minnesota Hennepin County Minneapolis 55405 Whittier

2538 Garfield Ave, Minneapolis, MN

This home is located at 2538 Garfield Ave, Minneapolis, MN 55405 since 28 January 2015 and is currently estimated at $585,729, approximately $197 per square foot. This property was built in 1908. 2538 Garfield Ave is a home located in Hennepin County with nearby schools including Whittier International, Andersen United Middle School, and South Senior 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.

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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