NOT LISTED FOR SALE

2861 113th Ave NW Coon Rapids, MN 55433

Estimated Value: $862,665

12 Beds
8 Baths
6,232 Sq Ft
$138/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $1,050,000 $168 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $4,783/month

11 Days on Market

About This Home

As of April 2024

Excellent investment opportunity in this 1994 built four unit building. 4 large 3 Bed 2 Bath units with separate entrances, finished living spaces up and down, and two car garages. Central air, newer roof, low expenses. Well managed, clean building in a great area, hold this one long term!

Last Agent to Sell the Property

Jim Dropps

Northeast Real Estate Group Listed on: 02/28/2024

Last Buyer's Agent

Daniel Meyer

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,340

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions are 171x112
  • Additional Parcels

Parking

  • 8 Car Garage

Home Design

  • Quadruplex
  • Bi-Level Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating System

Additional Features

  • Partially Finished Basement

Community Details

  • 4 Units
  • Forest Pines 2Nd Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for taxes, trash collection
  • Assessor Parcel Number 163124240110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,340

Year Built

Built in 1994

Lot Details

0

Parking

8

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 8
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1994
  • Above Grade Finished Sq Ft: 4552
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Living Area: 6232
  • Below Grade Finished Sq Ft: 1680
  • Owner Pays: Taxes, Trash Collection
  • Basement YN: Yes
  • Total Rooms: 10
  • Total Rooms: 10
  • Total Rooms: 10
  • Total Rooms: 10

Beds/Baths

  • Total Bedrooms: 12

Garage/Parking

  • Garage Square Feet: 504
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Anoka-Hennepin
  • SchoolDistrictNumber: 11
  • SchoolDistrictPhone: 763-506-1000

Lot Info

  • Lot Size: 171x112
  • Land Lease: No
  • Additional Parcels Description: 163124240119
  • Additional Parcels: Yes
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 23810.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 163124240110
  • Tax Annual Amount: 10340
  • TaxWithAssessments: 10340.0000

Multi Family

  • TenantPays: Electricity, Gas, Water
  • Resident Manager Expense: 3000
  • Number Of Refrigerators: Four

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Apr 9, 2024
Sold by
Management 65 Llc
Bought by
Adeladun Michael
Seller's Agent
Jim Dropps
Northeast Real Estate Group
Buyer's Agent
Daniel Meyer
Edina Realty, Inc.
List Price
$1,050,000
Sold Price
$1,050,000
Views
21
Current Estimated Value
$862,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,335
Avg. Annual Appreciation
-12.59%
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
Adeladun Michael $1,050,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $1,050,000 0.0% $168 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $1,050,000 -- $168 / 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
2024 $2,720 $265,800 $42,000 $223,800
2023 $1,892 $266,500 $45,000 $221,500
2022 $2,238 $189,400 $49,000 $140,400
2021 $2,239 $197,700 $25,000 $172,700
2020 $2,110 $192,900 $25,000 $167,900
2019 $1,966 $173,700 $22,000 $151,700
2018 $1,999 $156,600 $0 $0
2017 $1,746 $153,900 $0 $0
2016 $1,782 $130,700 $0 $0
2015 -- $130,700 $14,000 $116,700
2014 -- $105,900 $5,200 $100,700
Source: Public Records

Agents Affiliated with this Home

  • Jim Dropps

    Seller's Agent in 2024

    Jim Dropps

    Northeast Real Estate Group

    (763) 464-4371

    1 in this area

    104 Total Sales

    Jim Dropps
    Section Image
  • Daniel Meyer

    Buyer's Agent in 2024

    Daniel Meyer

    Edina Realty, Inc.

    (507) 514-3031

    3 in this area

    81 Total Sales

    Daniel Meyer
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6495715

NorthstarMLS

APN: 16-31-24-24-0110

Minnesota Anoka County Coon Rapids 55433

2861 113th Ave NW, Coon Rapids, MN

This home is located at 2861 113th Ave NW, Coon Rapids, MN 55433 since 28 February 2024 and is currently priced at $862,665, approximately $138 per square foot. This property was built in 1994. 2861 113th Ave NW is a home located in Anoka County with nearby schools including Hoover Elementary School, Coon Rapids Middle School, and Coon Rapids Senior High School.

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