NOT LISTED FOR SALE

2745 Colfax Ave S Minneapolis, MN 55408

Lowry Hill East Neighborhood

Estimated Value: $459,000 - $513,213

4 Beds
3 Baths
3,250 Sq Ft
$150/Sq Ft Est. Value

Last Sold February 26, 2013

Last sale price $238,000 $73 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $3,237/month

138 Days on Market

Highlights

  • Vaulted Ceiling
  • 3 Car Detached Garage
  • Ceiling Fan
  • Wood Flooring
  • Woodwork
  • Wood Siding

About This Home

As of February 2013

Agent is CDPE and works with Law Firm to negotiate successful short sale.

Last Agent to Sell the Property

Ryan O'Neill

RE/MAX Advantage Plus Listed on: 10/05/2012

Co-Listed By

Jason Walgrave

RE/MAX Advantage Plus

Last Buyer's Agent

Ross Lumley

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,486

Year Built

  • Built in 1906

Lot Details

  • Lot Dimensions are 40 x 128.5
  • Irregular Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 3,250 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Community Details

  • 2 Units

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 3302924410105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,486

Year Built

Built in 1906

Lot Details

0

Parking

3

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Construction: Previously Owned
  • Parcel Number: 3302924410105
  • Potential Short Sale: Yes
  • Projected Closed Date: 02/28/2013
  • Taxes With Assessments: 4485.82
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2300
  • Total Fin Square Footage: 3250
  • Below Grade Finished Sq Ft: 950

Exterior Features

  • Frontage Road: City
  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 3

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Irregular Lot
  • Estimated Lot Dimensions: 40 X 128.5

Building Info

  • Year Built: 1906

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2011
  • Tax Value: 4486

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2012
Closed on
Apr 9, 2013
Sold by
Harnell Heather
Bought by
Luha Ventures Llc
Seller's Agent
Ryan O'Neill
RE/MAX Advantage Plus
Buyer's Agent
Ross Lumley
RE/MAX Advantage Plus
List Price
$199,000
Sold Price
$238,000
Premium/Discount to List
$39,000
19.6%
Current Estimated Value
$486,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,803
Avg. Annual Appreciation
5.85%
Original Mortgage
$202,300
Interest Rate
3.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 5, 2012
Closed on
Feb 25, 2013
Sold by
Elder Dustin E and Elder Ramona
Bought by
Harnell Heather
Seller's Agent
Ryan O'Neill
RE/MAX Advantage Plus
Buyer's Agent
Ross Lumley
RE/MAX Advantage Plus
List Price
$199,000
Sold Price
$238,000
Premium/Discount to List
$39,000
19.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,300
Interest Rate
3.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 27, 2012
Sold by
Bank Of America National Association
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 31, 2012
Sold by
Elder Dustin E
Bought by
Bank Of America National Association

Purchase Details

Closed on
Jan 21, 1999
Sold by
Elder Jack A and Elder Rebecca R
Bought by
Elder Dustin E
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
Luha Ventures Llc -- None Available
Harnell Heather -- Trademark Title Services Inc
Federal National Mortgage Association -- None Available
Bank Of America National Association $302,929 --
Bank Of America National Association $302,929 None Available
Elder Dustin E $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harnell Heather $202,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2013 02/26/13 Sold $238,000 +19.6% $73 / Sq Ft
02/20/2013 02/20/13 Pending -- -- --
10/05/2012 10/05/12 For Sale $199,000 -- $61 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $7,877 $431,000 $134,000 $297,000
2023 $7,482 $466,000 $168,000 $298,000
2022 $8,367 $487,000 $168,000 $319,000
2021 $6,927 $490,000 $135,000 $355,000
2020 $7,066 $423,500 $136,200 $287,300
2019 $6,758 $399,500 $90,800 $308,700
2018 $6,167 $363,000 $90,800 $272,200
2017 $5,784 $299,500 $82,500 $217,000
2016 $4,994 $249,500 $82,500 $167,000
2015 $5,303 $249,500 $82,500 $167,000
2014 -- $249,500 $68,900 $180,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Ryan O'Neill

    RE/MAX

  • J

    Seller Co-Listing Agent in 2013

    Jason Walgrave

    RE/MAX

  • R

    Buyer's Agent in 2013

    Ross Lumley

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4406586

REALTOR® Association of Southern Minnesota

APN: 33-029-24-41-0105

Minnesota Hennepin County Minneapolis 55408 Lowry Hill East

2745 Colfax Ave S, Minneapolis, MN

This home is located at 2745 Colfax Ave S, Minneapolis, MN 55408 since 05 October 2012 and is currently estimated at $486,803, approximately $149 per square foot. This property was built in 1906. 2745 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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