NOT LISTED FOR SALE

2738 Colfax Ave S Minneapolis, MN 55408

Lowry Hill East Neighborhood

Estimated Value: $412,000 - $448,000

4 Beds
2 Baths
2,328 Sq Ft
$186/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $425,000 $183 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,014/month

16 Days on Market

About This Home

As of March 2024

Fabulous, 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!

Last Agent to Sell the Property

Susan Williamson

Coldwell Banker Realty Listed on: 01/31/2024

Coldwell Banker Realty

Co-Listed By

Elizabeth Williamson

Coldwell Banker Realty

Last Buyer's Agent

Ricardo Sereno

Lakes Area Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,943

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
  • Association Amenities: Common Laundry
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2328
  • Water Sewer Expenses: 600
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Storage Space, Unfinished
  • Living Area: 2328
  • Owner Pays: Fuel, Insurance, Grounds Care, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: French Doors,Paneled Doors,Porch
  • Appliances: Dishwasher,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 6
  • Amenities: Paneled Doors,Porch
  • Appliances: Dishwasher,Range
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less, Architectural Shingle, Pitched
  • Neighborhood: Lowry Hill East
  • PatioPorchType: Covered,Front Porch,Porch

Garage/Parking

  • Parking Features: Assigned, Detached, Asphalt
  • Garage Square Feet: 441

Utilities

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

Schools

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

Lot Info

  • Lot Size: 40x129
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3302924410113
  • Tax Annual Amount: 7943
  • TaxWithAssessments: 7943.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Insurance
  • FuelExpense: 600
  • Number Of Refrigerators: Two

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%
Views
62
Current Estimated Value
$432,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,603
Avg. Annual Appreciation
1.38%

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
Source: Public Records

Range of Values:

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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
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

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 $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

    35 Total Sales

    Susan Williamson
    Section Image
  • Elizabeth Williamson

    Seller Co-Listing Agent in 2024

    Elizabeth Williamson

    Coldwell Banker Burnet

    (651) 890-7386

    1 in this area

    53 Total Sales

    Elizabeth Williamson
    Section Image
  • Ricardo Sereno

    Buyer's Agent in 2024

    Ricardo Sereno

    Lakes Area Realty

    (612) 889-3858

    1 in this area

    49 Total Sales

    Ricardo Sereno
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6483667

NorthstarMLS

APN: 33-029-24-41-0113

Minnesota Hennepin County Minneapolis 55408 Lowry Hill East

2738 Colfax Ave S, Minneapolis, MN

This home is located at 2738 Colfax Ave S, Minneapolis, MN 55408 since 31 January 2024 and is currently estimated at $432,603, approximately $185 per square foot. This property was built in 1900. 2738 Colfax Ave S is a home located in Hennepin County with nearby schools including Whittier International, Andersen United Middle School, and South Senior High School.

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