NOT LISTED FOR SALE

Estimated Value: $358,000 - $433,000

6 Beds
3 Baths
2,986 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 15, 2024

Last sale price $450,000 $151 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,646/month

19 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 2-minute walk to Stewart Park

About This Home

As of October 2024

Incredible 6/3 duplex in great location close to downtown! This property has so much to offer -large spaces, tons of original character but well maintained over the years! Up/down duplex, main floor unit has 2beds/1bath, and upper unit has both 2nd and 3rd floors - with 4 bedrooms/2 baths (5th legal bedroom currently used as an entry storage room but could be used as a 5th bedroom if desired!)It sits on a newer foundation (1980's), at which time plumbing and electrical were updated. Most windows are newer. Lovingly lived in for the past decades. Third story might be able to be divided into a 3rd unit with 2bed/1bath if so desired (Check with municipality/county). Wonderful investment opportunity!

Last Agent to Sell the Property

Jennifer Wilson

Wits Realty Listed on: 09/10/2024

Co-Listed By

Matthew Wilson

Wits Realty

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,521

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 45x128
  • Partially Fenced Property
  • Wood Fence

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2,986 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Block Basement Construction
  • Basement Storage

Utilities

  • Boiler Heating System

Community Details

  • 2 Units
  • Barnes Rgt Wrights Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 3502924420252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,521

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2986
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Shared Access, Storage/Locker
  • Living Area: 2986
  • Owner Pays: Other, Sewer, Trash Collection
  • Basement YN: Yes
  • Appliances: Dishwasher,Microwave,Range
  • Appliances: Dishwasher,Microwave,Range

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age 8 Years or Less
  • Fencing: Partial, Wood
  • ConstructionMaterialsDesc: Block
  • Neighborhood: Midtown Phillips

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 45x128
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 3502924420252
  • Tax Annual Amount: 5521
  • TaxWithAssessments: 5795.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2024
Closed on
Oct 15, 2024
Sold by
Todd J Rasmuson J and Todd Tamara A
Bought by
City Neighbor Llc
Seller's Agent
Jennifer Wilson
Wits Realty
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$450,000
Sold Price
$450,000
Views
5
Current Estimated Value
$406,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,694
Avg. Annual Appreciation
-8.50%

Purchase Details

Closed on
Jul 31, 2017
Sold by
Rasmuson Todd and Rasmuson Tamara
Bought by
Rasmuson Todd J and Rasmuson Tamara

Purchase Details

Closed on
Oct 16, 2002
Sold by
Wilson Peter R and Wilson Ellen B
Bought by
Rasmusson Todd and Rasmusson Tamara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
City Neighbor Llc $450,000 --
Rasmuson Todd J -- None Available
Rasmusson Todd $215,153 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $450,000 0.0% $151 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/18/2024 09/18/24 Off Market $450,000 -- --
09/12/2024 09/12/24 For Sale $450,000 -- $151 / Sq Ft
Source: NorthstarMLS

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 $6,103 $402,000 $54,000 $348,000
2023 $5,795 $423,000 $49,000 $374,000
2022 $4,712 $359,000 $39,000 $320,000
2021 $4,562 $326,000 $26,000 $300,000
2020 $3,843 $325,500 $27,800 $297,700
2019 $3,285 $276,000 $18,500 $257,500
2018 $2,692 $234,000 $18,500 $215,500
2017 $2,689 $192,000 $16,800 $175,200
2016 $2,779 $192,000 $16,800 $175,200
2015 $2,469 $167,000 $16,800 $150,200
2014 -- $158,000 $16,800 $141,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6599205

NorthstarMLS

APN: 35-029-24-42-0252