NOT LISTED FOR SALE

Estimated Value: $315,000 - $380,000

2 Beds
2 Baths
1,800 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $285,000 $158 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,406/month

10 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • 5-minute walk to Marshall Terrace Park

About This Home

As of June 2023

A fantastic opportunity for an owner-occupant/1st-time homebuyer to own and rent out the upper unit for income. The bottom unit is recently vacant and has the same layout as the upper unit. Each unit has 1 bedroom and 1 bathroom. Real hardwood floors, high ceilings, and updated kitchens make this a great choice. New roof in 2015. Exterior was painted in 2016. Big backyard and a very quiet neighborhood. No garage, but there is a gravel driveway that can be parked in as well as lots of off-street parking. Convenient biking and bus lines. Located in a primetime location close to Young Joni, Lucky Shots Pickleball Club, and SO MUCH MORE!Don't miss this GREAT opportunity to own a duplex in the very popular Marshall Terrace neighborhood of NE MPLS! Upper unit is currently rented, so automatic income!

Last Agent to Sell the Property

Lucas Hansen

RE/MAX Results Listed on: 04/20/2023

RE/MAX Results

Last Buyer's Agent

Margaret Solberg

Keller Williams Realty Integrity Lakes

Keller Williams Realty Integrity Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,862

Year Built

  • Built in 1900

Lot Details

  • 4,792

Parking

  • On-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Porch
  • Lot Dimensions are 40x120
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 0302924440068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,862

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Porch
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1800
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete, Unfinished
  • Living Area: 1800
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Porch
  • Appliances: Dryer,Range
  • Total Rooms: 5
  • Amenities: Porch
  • Appliances: Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None
  • Neighborhood: Marshall Terrace

Garage/Parking

  • Parking Features: Gravel, On-Street Parking Only
  • Garage Square Feet: 0
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • 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: 40x120
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0302924440068
  • Tax Annual Amount: 3862
  • TaxWithAssessments: 3862.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
May 5, 2023
Sold by
Susan Douglas M and Susan Sarah
Bought by
Potek Tsaudik Anna
Seller's Agent
Lucas Hansen
RE/MAX Results
Buyer's Agent
Margaret Solberg
Keller Williams Realty Integrity Lakes
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%
Views
111
Current Estimated Value
$347,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,004
Avg. Annual Appreciation
9.27%
Original Mortgage
$270,750
Outstanding Balance
$263,563
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$83,441

Purchase Details

Closed on
Aug 6, 2019
Sold by
Lasken Susan S and Lasken Douglas M
Bought by
Douglas M Lasken And Susan S Lasken 2002 Fami and Lasken

Purchase Details

Closed on
Aug 18, 2016
Sold by
Klous Jason and Klous Amy
Bought by
Lasken Susan S and Lasken Douglas M

Purchase Details

Closed on
Mar 25, 1999
Sold by
Ohnstad James J
Bought by
Klous Jason

Purchase Details

Closed on
Apr 30, 1997
Sold by
Estate Of Thomas Alan Jenewein
Bought by
Onstad James J
Source: Public Records

Range of Values:

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Average Value
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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
Potek Tsaudik Anna $285,000 None Listed On Document
Douglas M Lasken And Susan S Lasken 2002 Fami -- None Listed On Document
Lasken Susan S $175,000 Partners Title Llc
Klous Jason $70,000 --
Onstad James J $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potek Tsaudik Anna $10,000
Open Potek Tsaudik Anna $270,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2023 06/07/23 Sold $285,000 +3.6% $158 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $275,000 -- $153 / 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 $6,193 $348,000 $84,000 $264,000
2022 $3,862 $166,000 $38,500 $127,500
2021 $3,719 $141,000 $23,000 $118,000
2020 $4,321 $282,000 $30,200 $251,800
2019 $3,875 $235,000 $20,100 $214,900
2018 $3,529 $213,500 $20,100 $193,400
2017 $3,411 $182,000 $18,300 $163,700
2016 $3,258 $168,500 $18,300 $150,200
2015 $2,850 $140,500 $18,300 $122,200
2014 -- $122,000 $18,300 $103,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6332596

NorthstarMLS

APN: 03-029-24-44-0068