NOT LISTED FOR SALE

Estimated Value: $282,000 - $358,000

2 Beds
2 Baths
1,364 Sq Ft
$235/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $255,000 $187 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,151/month

About This Home

As of January 2023

Tons of potential with this side/side duplex in a fantastic South Mpls neighborhood. Walking distance to West River Parkway which offers miles of walking/biking paths with breath taking scenery. This one is an investor special; a little sweat equity will go a long way. Clean TISH and brand-new electric panels! Perfect set-up for owner occupant or anyone looking for some passive income. Separate front/back entrances, heating units, hot water heaters, gas meters and electric panels. Wood floors, arched doorways, coved ceilings, piano windows. Schedule your showing today to see everything this property has to offer. Motivated seller - present all offers.

Last Agent to Sell the Property

Bryan Cox

True Neighbor Realty Listed on: 11/25/2022

Last Buyer's Agent

Heath Bredeson

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,420

Year Built

  • Built in 1935

Lot Details

  • 5,227

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,364 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 40 x 129
  • Gravity Heating System

Community Details

  • 2 Units
  • Dormans 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3102923420042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,420

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1935
  • Above Grade Finished Sq Ft: 1364
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Living Area: 1364
  • Basement YN: Yes
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • Neighborhood: Cooper

Garage/Parking

  • Garage Square Feet: 324

Utilities

  • Heating: Gravity
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 40 X 129
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3102923420042
  • Tax Annual Amount: 5420
  • TaxWithAssessments: 5683.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2022
Closed on
Jan 31, 2023
Sold by
Neighbor Investments Llc
Bought by
Red Cedar Properties Llc
Seller's Agent
Bryan Cox
True Neighbor Realty
Buyer's Agent
Heath Bredeson
RE/MAX Results
List Price
$269,900
Sold Price
$255,000
Premium/Discount to List
-$14,900
-5.52%
Views
89
Current Estimated Value
$320,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,292
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Jun 15, 2022
Sold by
Dobbs Gary L
Bought by
True Neighbor Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,172
Interest Rate
5.27%
Mortgage Type
Construction
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
Red Cedar Properties Llc $255,000 --
True Neighbor Investments Llc $170,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner True Neighbor Investments Llc $228,172
Previous Owner Dobbs Gary L $15,000
Closed True Neighbor Investments Llc $42,454
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $255,000 -5.5% $187 / Sq Ft
11/25/2022 11/25/22 Pending -- -- --
11/25/2022 11/25/22 For Sale $269,900 -- $198 / 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 $5,023 $314,000 $147,000 $167,000
2022 $5,683 $380,000 $126,000 $254,000
2021 $5,009 $319,000 $117,000 $202,000
2020 $5,126 $290,000 $87,200 $202,800
2019 $3,936 $290,000 $58,100 $231,900
2018 $3,528 $268,500 $58,100 $210,400
2017 $3,495 $234,500 $52,800 $181,700
2016 $3,087 $204,000 $52,800 $151,200
2015 $3,014 $191,500 $52,800 $138,700
2014 -- $171,000 $52,800 $118,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6312249

NorthstarMLS

APN: 31-029-23-42-0042