NOT LISTED FOR SALE

2922 Park Ave Minneapolis, MN 55407

Phillips West Neighborhood

Estimated Value: $361,979 - $436,000

5 Beds
2 Baths
3,034 Sq Ft
$130/Sq Ft Est. Value

Last Sold April 05, 2013

Last sale price $175,000 $58 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $2,566/month

102 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Landscaped with Trees
  • 2 Car Detached Garage
  • Woodwork
  • Forced Air Heating System

About This Home

As of April 2013

Nicely maintained up/down duplex with beautiful hardwood floors and natural woodwork. Room for expansion in basement and 3rd floor.

Last Agent to Sell the Property

Scott Hayes

Stutsman Realty, Inc Listed on: 12/05/2012

Last Buyer's Agent

John McKellip

C.U.Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,644

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 41x119
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 3,034 Sq Ft Home
  • Woodwork
  • Fireplace
  • Wood Flooring
  • Partially Finished Basement

Kitchen

  • Range
  • Dishwasher

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electric, fuel
  • The owner pays for lawn, snow, trash, water/sewer
  • Assessor Parcel Number 3502924330085

Community Details

Overview

  • 2 Units

Amenities

  • Community Deck or Porch
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,644

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Parcel Number: 3502924330085
  • Estimated Number of Acres: 0.11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Partially Finished
  • Finished Above Grade Sq Ft: 2584
  • Total Fin Square Footage: 3034
  • Below Grade Finished Sq Ft: 450

Exterior Features

  • Frontage Road: City
  • Exterior: Wood

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Forced Air

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned, Porch

Lot Info

  • Lot/Land Description: Tree Coverage - Medium
  • Estimated Lot Dimensions: 41x119

Rental Info

  • Owner Expense: Lawn, Snow, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Fuel

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2012
  • Tax Value: 3644

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2012
Closed on
Apr 5, 2013
Sold by
Thompson Thomas M and Sutton Susan
Bought by
Miles Charles R
Seller's Agent
Scott Hayes
Stutsman Realty, Inc
Buyer's Agent
John McKellip
C.U.Realty
List Price
$171,900
Sold Price
$175,000
Premium/Discount to List
$3,100
1.8%
Current Estimated Value
$394,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,245
Avg. Annual Appreciation
6.67%
Original Mortgage
$171,830
Outstanding Balance
$122,815
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$271,430

Purchase Details

Listed on
Dec 5, 2012
Closed on
Mar 5, 2013
Sold by
Thompson Thomas Thomas
Bought by
Miles Charles Charles
Seller's Agent
Scott Hayes
Stutsman Realty, Inc
Buyer's Agent
John McKellip
C.U.Realty
List Price
$171,900
Sold Price
$175,000
Premium/Discount to List
$3,100
1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Outstanding Balance
$122,815
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$271,430

Purchase Details

Closed on
Feb 17, 2006
Sold by
Grisso David and Newman Nancy
Bought by
Sutton Susan

Purchase Details

Closed on
Nov 30, 2004
Sold by
Dorsen Peter J
Bought by
Grisso David B and Thompson Thomas M

Purchase Details

Closed on
Dec 23, 1998
Sold by
Snow Michael and Snow Jacqueline D
Bought by
Reis Sharon
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
Miles Charles R $169,852 Burnet Title
Miles Charles Charles $175,000 --
Sutton Susan $27,000 --
Grisso David B $275,000 --
Reis Sharon $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Charles R $171,830
Closed Miles Charles Charles $173,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2013 04/05/13 Sold $175,000 +1.8% $58 / Sq Ft
03/17/2013 03/17/13 Pending -- -- --
12/05/2012 12/05/12 For Sale $171,900 -- $57 / 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 $6,018 $330,000 $41,000 $289,000
2023 $5,151 $322,000 $33,000 $289,000
2022 $5,062 $309,000 $24,000 $285,000
2021 $5,130 $298,000 $17,000 $281,000
2020 $5,232 $314,000 $22,700 $291,300
2019 $4,674 $296,000 $15,100 $280,900
2018 $3,970 $257,500 $15,100 $242,400
2017 $3,693 $197,000 $13,700 $183,300
2016 $3,635 $188,000 $13,700 $174,300
2015 $3,318 $163,500 $13,700 $149,800
2014 -- $148,500 $13,700 $134,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Scott Hayes

    Stutsman Realty, Inc

  • J

    Buyer's Agent in 2013

    John McKellip

    C.U.Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4422640

REALTOR® Association of Southern Minnesota

APN: 35-029-24-33-0085

Minnesota Hennepin County Minneapolis 55407 Phillips West

2922 Park Ave, Minneapolis, MN

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