NOT LISTED FOR SALE

2801 Park Ave Minneapolis, MN 55407

Phillips West Neighborhood

Estimated Value: $8,006,900

-- Bed
1 Bath
390 Sq Ft
$20,531/Sq Ft Est. Value

About This Home

This home is located at 2801 Park Ave, Minneapolis, MN 55407 and is currently priced at $8,006,900, approximately $20,530 per square foot. 2801 Park Ave is a home located in Hennepin County with nearby schools including Andersen United Middle School, Whittier International, and Andersen Middle.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Park Avenue Associates Inc
Bought by
Sheldrake & Orrington Llc
Current Estimated Value
$8,006,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,968,750
Outstanding Balance
$4,571,779
Interest Rate
3.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Sheldrake & Orrington Llc $6,625,000 Commercial Partners Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheldrake & Orrington Llc $4,968,750
Source: Public Records

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 $20,930 $5,629,000 $690,500 $4,938,500
2023 $104,771 $6,550,000 $690,500 $5,859,500
2022 $109,486 $6,550,000 $690,500 $5,859,500
2021 $105,538 $6,445,000 $623,700 $5,821,300
2020 $111,067 $6,445,000 $415,800 $6,029,200
2019 $99,245 $6,255,000 $415,800 $5,839,200
2018 $82,484 $5,439,000 $207,900 $5,231,100
2017 $70,188 $3,715,000 $189,000 $3,526,000
2016 $67,094 $3,440,000 $189,000 $3,251,000
2015 $61,429 $3,027,500 $189,000 $2,838,500
2014 -- $2,911,500 $210,000 $2,701,500
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55407 Phillips West

2801 Park Ave, Minneapolis, MN

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