NOT LISTED FOR SALE

2550 University Ave NE Minneapolis, MN 55418

Marshall Terrace Neighborhood

Estimated Value: $437,000 - $469,000

4 Beds
2 Baths
2,662 Sq Ft
$170/Sq Ft Est. Value

Last Sold December 01, 2014

Last sale price $125,475 $47 Per Sq Ft

Est. 261% increase in value since last sale

Current estimated payment $2,938/month

112 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Community Deck or Porch
  • Woodwork
  • Baseboard Heating

About This Home

As of December 2014

Auction home. Showings M/W/F 10am-6pm. Buyer to assume responsibility for Minneapolis Truth in Housing required repairs & sign acknowledgement. 5% buyers auction premium. Good Investment opportunity!

Last Agent to Sell the Property

Brian Olson

RE/MAX Results Listed on: 08/04/2014

Last Buyer's Agent

Margarita Zhuravel

Bjorklund Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,413

Year Built

  • Built in 1907

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 46x158

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 2,662 Sq Ft Home
  • Woodwork
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Short Sale
  • Tenant pays for electric, lawn, snow, fuel
  • The owner pays for maint/repair, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,413

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Assessments: Unknown
  • Construction: Previously Owned
  • Potential Short Sale: Yes
  • Projected Closed Date: 12/18/2014
  • Taxes With Assessments: 2413
  • Estimated Number of Acres: 0.16
  • Special Features: 76
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2132
  • Total Fin Square Footage: 2662
  • Below Grade Finished Sq Ft: 530

Exterior Features

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

Utilities

  • Heat: Baseboard, Forced Air

Condo/Co-op/Association

  • Shared: Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 46x158

Rental Info

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

Building Info

  • Year Built: 1907

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 4000

Tax Info

  • Year: 2014
  • Tax Value: 2413

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Nov 26, 2014
Sold by
Landi Martha
Bought by
Zhuravel Adi and Zhuravel Alexander
Seller's Agent
Brian Olson
RE/MAX Results
Buyer's Agent
Margarita Zhuravel
Bjorklund Realty, Inc.
List Price
$159,900
Sold Price
$125,475
Premium/Discount to List
-$34,425
-21.53%
Current Estimated Value
$453,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,858
Avg. Annual Appreciation
12.58%

Purchase Details

Closed on
May 10, 2002
Sold by
Puma Luis A
Bought by
Landi Martha and Penafiel Jose Tobias

Purchase Details

Closed on
Sep 30, 1997
Sold by
Freund Virginia M
Bought by
Puma Luis A and Cando Patricia L
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
Zhuravel Adi $125,476 Land Title Inc
Landi Martha $200,000 --
Puma Luis A $78,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2014 12/01/14 Sold $125,475 -21.5% $47 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $159,900 -- $60 / 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
2024 $6,402 $351,000 $92,000 $259,000
2023 $6,327 $358,000 $92,000 $266,000
2022 $5,300 $366,000 $91,000 $275,000
2021 $4,852 $312,000 $38,000 $274,000
2020 $3,682 $297,000 $54,600 $242,400
2019 $3,196 $251,500 $36,400 $215,100
2018 $3,040 $228,500 $33,400 $195,100
2017 $2,590 $186,000 $30,400 $155,600
2016 $2,785 $180,000 $30,400 $149,600
2015 $2,623 $151,000 $30,400 $120,600
2014 -- $131,500 $30,400 $101,100
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Brian Olson

    RE/MAX

  • M

    Buyer's Agent in 2014

    Margarita Zhuravel

    Bjorklund Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4656271

REALTOR® Association of Southern Minnesota

APN: 11-029-24-23-0053

Minnesota Hennepin County Minneapolis 55418 Marshall Terrace

2550 University Ave NE, Minneapolis, MN

This home is located at 2550 University Ave NE, Minneapolis, MN 55418 since 04 August 2014 and is currently estimated at $453,333, approximately $170 per square foot. This property was built in 1907. 2550 University Ave 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.

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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