NOT LISTED FOR SALE

Estimated Value: $314,867

5 Beds
2 Baths
2,856 Sq Ft
$110/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $302,500 $106 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,937/month

88 Days on Market

About This Home

As of February 2024

Excellent investment opportunity! This extra large, fully rented duplex offers two units, 3 bedrooms 1bath upper, 2 bedrooms, 1 bath lower, a spacious basement with ample storage, including a washer and dryer for each unit and an outdoor shed for more storage. Located near the bus stop and a quick commute to downtown Minneapolis.

Last Listed By

Karen Maverick

Century 21 Atwood Listed on: 10/08/2023

Century 21 Atwood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,102

Year Built

  • Built in 1925

Lot Details

  • 5,227

Home Design

  • Duplex

Interior Spaces

  • 2,856 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Additional Features

  • Lot Dimensions are 42x127
  • Boiler Heating System

Community Details

  • 2 Units
  • Fairmount Park Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, snow removal
  • The owner pays for insurance, repairs, taxes, trash collection, water
  • Assessor Parcel Number 0902924440196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,102

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 2856
  • Water Sewer Expenses: 1920
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Storage Space, Unfinished
  • Living Area: 2856
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Total Rooms: 7
  • Appliances: Dryer,Gas Water Heater,Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • Neighborhood: Hawthorne

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 0

Utilities

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

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Topography: Level
  • Lot Size: 42x127
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco
  • Units Total: 2

Rental Info

  • Expenses: 7426.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0902924440196
  • Tax Annual Amount: 2102
  • TaxWithAssessments: 2102.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Grounds Care, Snow Removal
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2023
Closed on
Feb 9, 2024
Sold by
Northern Rentals Ely Llc
Bought by
Azevedo Evarson
Seller's Agent
Karen Maverick
Century 21 Atwood
Buyer's Agent
Benjamin Nhan
Algo Realty Inc
List Price
$290,000
Sold Price
$302,500
Premium/Discount to List
$12,500
4.31%
Total Days on Market
88
Views
99
Current Estimated Value
$314,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,367
Avg. Annual Appreciation
3.21%

Purchase Details

Closed on
Dec 23, 2019
Sold by
Maverick Karen and Maverick Brian
Bought by
Northern Rentals Tc Llc

Purchase Details

Listed on
Dec 11, 2015
Closed on
Apr 15, 2016
Sold by
Thao Sanee and Thao Neil
Bought by
Maverick Karen
List Price
$164,900
Sold Price
$155,000
Premium/Discount to List
-$9,900
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.11%
Original Mortgage
$116,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2014
Sold by
Xiong Lobert N and Thao Pang H
Bought by
Thao Sanee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.48%
Mortgage Type
Seller Take Back

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
Azevedo Evarson $302,500 Executive Title
Northern Rentals Tc Llc -- None Available
Maverick Karen $155,000 First American Title Co
Thao Sanee $136,000 First American Title Co
Thao Sanee $136,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Northern Rentals Ely Llc $600,000
Previous Owner Maverick Karen $116,250
Previous Owner Thao Sanee $130,000
Previous Owner Xiong Lobert Neng $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $302,500 +8.0% $106 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $280,000 -3.4% $98 / Sq Ft
12/27/2023 12/27/23 Price Changed $290,000 0.0% $102 / Sq Ft
12/27/2023 12/27/23 For Sale $290,000 -1.7% $102 / Sq Ft
11/18/2023 11/18/23 Pending -- -- --
11/08/2023 11/08/23 Price Changed $295,000 -3.3% $103 / Sq Ft
10/25/2023 10/25/23 Price Changed $305,000 -3.2% $107 / Sq Ft
10/11/2023 10/11/23 For Sale $315,000 +103.2% $110 / Sq Ft
04/15/2016 04/15/16 Sold $155,000 -6.0% $56 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
12/11/2015 12/11/15 For Sale $164,900 -- $60 / 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
2023 $2,193 $272,000 $16,000 $256,000
2022 $2,131 $39,000 $2,300 $36,700
2021 $3,202 $205,000 $11,000 $194,000
2020 $3,271 $196,000 $8,400 $187,600
2019 $2,995 $185,000 $5,600 $179,400
2018 $2,539 $165,000 $5,600 $159,400
2017 $2,362 $126,000 $5,100 $120,900
2016 $2,562 $132,500 $5,100 $127,400
2015 $3,252 $110,500 $5,100 $105,400
2014 -- $105,000 $6,200 $98,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6445215

NorthstarMLS

APN: 09-029-24-44-0196