2738 Colfax Ave S Minneapolis, MN 55408
Lowry Hill East NeighborhoodEstimated Value: $414,519 - $445,000
4
Beds
2
Baths
2,328
Sq Ft
$184/Sq Ft
Est. Value
About This Home
As of March 2024Fabulous, top-down duplex in the heart of Lowry Hill East. Built in 1900, this property has beentastefully updated while maintaining its original, turn-of-the-century charm. Unit one features detailed,natural woodwork, leaded glass oversized windows and high ceilings, a beautifully carved fireplace, andfrench doors leading to the primary bedroom. It is currently leased for $1,785 per month. Unit two issunny and bright, with fresh white paint throughout, new LVP flooring in the kitchen, and new bathroomtoilet and vanity. It is currently unoccupied. Both units have original hardwood floors with borderinlay, and each has generously sized porches across the front of the building. The exterior has freshpaint and a new roof, as well as a large detached garage. Convenient, central location to the chain oflakes, and walking distance to numerous restaurants, shops, a grocery, and entertainment. Great forinvestors or owner-occupied living!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,943
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 40x129
- Few Trees
Parking
- 2 Car Garage
- Assigned Parking
Home Design
- Duplex
- Pitched Roof
- Architectural Shingle Roof
Interior Spaces
- 2,328 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Storage
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Boiler Heating System
Community Details
- 2 Units
- Pitmans Sub 14 Russells Outlots Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, insurance
- The owner pays for fuel, insurance, grounds care, repairs, taxes, trash collection, water
- Assessor Parcel Number 3302924410113
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2024
Closed on
Mar 27, 2024
Sold by
Api Llc
Bought by
Positive Developments Llc
Seller's Agent
Susan Williamson
Coldwell Banker Realty
Buyer's Agent
Ricardo Sereno
Lakes Area Realty
List Price
$435,000
Sold Price
$425,000
Premium/Discount to List
-$10,000
-2.3%
Total Days on Market
16
Views
62
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,380
Avg. Annual Appreciation
-0.22%
Purchase Details
Closed on
Jan 9, 2024
Sold by
Blue Barn Construction Llc
Bought by
Api Llc
Purchase Details
Closed on
Aug 28, 2023
Sold by
Fasching Herman J and Fasching Carol A
Bought by
Blue Barn Construction Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
6.78%
Mortgage Type
New Conventional
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Positive Developments Llc | $425,000 | -- | |
| Api Llc | $500 | Freedom Title | |
| Blue Barn Construction Llc | $330,000 | Landserv National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Blue Barn Construction Llc | $339,000 | |
| Previous Owner | Puckett Andrew | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2024 03/27/24 | Sold | $425,000 | -2.3% | $183 / Sq Ft |
| 02/18/2024 02/18/24 | Pending | -- | -- | -- |
| 02/02/2024 02/02/24 | For Sale | $435,000 | -- | $187 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $7,503 | $470,000 | $168,000 | $302,000 |
| 2022 | $8,306 | $494,000 | $168,000 | $326,000 |
| 2021 | $7,629 | $489,000 | $135,000 | $354,000 |
| 2020 | $7,782 | $466,500 | $93,800 | $372,700 |
| 2019 | $7,263 | $440,000 | $62,500 | $377,500 |
| 2018 | $6,612 | $400,000 | $62,500 | $337,500 |
| 2017 | $6,221 | $332,000 | $56,800 | $275,200 |
| 2016 | $5,378 | $278,500 | $56,800 | $221,700 |
| 2015 | $5,636 | $278,500 | $56,800 | $221,700 |
| 2014 | -- | $251,500 | $56,800 | $194,700 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Williamson
Seller's Agent in 2024
Susan Williamson
Coldwell Banker Burnet
(612) 309-7397
1 in this area
34 Total Sales
-
Elizabeth Williamson
Seller Co-Listing Agent in 2024
Elizabeth Williamson
Coldwell Banker Burnet
(651) 890-7386
1 in this area
52 Total Sales
-
Ricardo Sereno
Buyer's Agent in 2024
Ricardo Sereno
Lakes Area Realty
(612) 889-3858
1 in this area
49 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6483667
APN: 33-029-24-41-0113
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