NOT LISTED FOR SALE

2542 Garfield Ave Minneapolis, MN 55405

Whittier Neighborhood

Estimated Value: $334,000 - $401,237

2 Beds
2 Baths
2,497 Sq Ft
$151/Sq Ft Est. Value

Last Sold August 28, 2013

Last sale price $195,000 $78 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,560/month

153 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Woodwork
  • Wood Flooring
  • Fireplace
  • 4-minute walk to Whittier Park

About This Home

As of August 2013

Beautiful duplex. Same owner for last 25+ yrs. Always rented. Best location in Uptown. Wonderful owner occupied or investment. Well cared for. A must see!

Last Agent to Sell the Property

Lawrence Kriedberg

Coldwell Banker Burnet Listed on: 01/30/2013

Last Buyer's Agent

Aaroosh Jain

Place Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x118.6
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,497 Sq Ft Home
  • Woodwork
  • Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for electric, lawn, snow

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 50
  • Assessments: Yes
  • Construction: Previously Owned
  • Projected Closed Date: 08/28/2013
  • Street Designation: Avenue
  • Taxes With Assessments: 4626.94
  • Estimated Number of Acres: 0.1
  • Comp Dev Subdiv Name: Lot 012 Block 001 Garfield Ave
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1816
  • Total Fin Square Footage: 2497
  • Below Grade Finished Sq Ft: 681

Exterior Features

  • Frontage Road: Curb/Gutters, City, Paved, Sidewalk
  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Condo/Co-op/Association

  • Shared: Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Estimated Lot Dimensions: 40x118.6

Rental Info

  • Tenant Expense: Electric, Lawn, Snow

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2011
  • Tax Value: 4577

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2013
Closed on
Aug 28, 2013
Sold by
Williamson Desi C and Williamson Susan C
Bought by
Jones Jesse
Seller's Agent
Lawrence Kriedberg
Coldwell Banker Burnet
Buyer's Agent
Aaroosh Jain
Place Property Management
List Price
$287,000
Sold Price
$195,000
Premium/Discount to List
-$92,000
-32.06%
Current Estimated Value
$376,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,809
Avg. Annual Appreciation
5.79%
Original Mortgage
$156,000
Outstanding Balance
$116,674
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$266,414
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
Jones Jesse $195,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Jesse $25,000
Open Jones Jesse $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2013 08/28/13 Sold $195,000 -32.1% $78 / Sq Ft
07/02/2013 07/02/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $287,000 -- $115 / 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 $6,084 $364,000 $148,000 $216,000
2022 $5,885 $370,000 $138,000 $232,000
2021 $5,137 $330,000 $107,000 $223,000
2020 $4,210 $314,500 $89,600 $224,900
2019 $4,105 $299,500 $59,700 $239,800
2018 $3,528 $285,000 $59,700 $225,300
2017 $3,295 $228,500 $54,300 $174,200
2016 $2,891 $198,500 $54,300 $144,200
2015 $2,937 $193,000 $54,300 $138,700
2014 -- $193,000 $54,300 $138,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lawrence Kriedberg

    Coldwell Banker Burnet

  • A

    Buyer's Agent in 2013

    Aaroosh Jain

    Place Property Management

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4435426

REALTOR® Association of Southern Minnesota

APN: 34-029-24-23-0056

Minnesota Hennepin County Minneapolis 55405 Whittier

2542 Garfield Ave, Minneapolis, MN

This home is located at 2542 Garfield Ave, Minneapolis, MN 55405 since 30 January 2013 and is currently estimated at $376,809, approximately $150 per square foot. This property was built in 1900. 2542 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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