2943 Grand St NE Minneapolis, MN 55418
Marshall Terrace Neighborhood
6
Beds
2
Baths
2,904
Sq Ft
5,227
Sq Ft Lot
About This Home
As of August 2024Xoxo - Welcome Home! This is an incredible opportunity for someone looking to invest in Real Estate! The fact that the upper unit is owner occupied adds a personal touch and flexibility for the new owner. With all-new appliances, flooring, and paint, both units are move-in ready. Making it attractive for potential tenants or short-term renters! The lower unit's setup as an AirBnb and furnished listing. Complete with furnishings, security systems and established accounts, provides immediate income potential without the need for additional setup on marketing efforts. It is rare to find a property that's already set up for short-term rentals like this one. Don't Miss out!
Last Agent to Sell the Property
Keller Williams Premier Realty Lake Minnetonka Listed on: 05/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,600
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 133x40
Home Design
- Duplex
Interior Spaces
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Cable TV Available
Community Details
- 2 Units
- Northtown Add Subdivision
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 0302924440151
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2024
Closed on
Aug 2, 2024
Sold by
Badmus Obehi and Badmus Idris
Bought by
De Grote Straat Company Llc
Seller's Agent
Obehi Ogharibhor
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Voila It's That Easy
eXp Realty
List Price
$550,000
Sold Price
$450,000
Premium/Discount to List
-$100,000
-18.18%
Total Days on Market
83
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,256
Avg. Annual Appreciation
-0.87%
Original Mortgage
$292,500
Outstanding Balance
$290,492
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$156,252
Purchase Details
Listed on
Mar 1, 2023
Closed on
Apr 27, 2023
Sold by
Fortune Holdings Llc
Bought by
Badmus Obehi C and Badmus Idris A
Seller's Agent
Garrett Matheson
IQ Realty
Buyer's Agent
Obehi Ogharibhor
Keller Williams Premier Realty Lake Minnetonka
List Price
$379,900
Sold Price
$391,900
Premium/Discount to List
$12,000
3.16%
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.50%
Original Mortgage
$404,832
Interest Rate
4%
Mortgage Type
VA
Purchase Details
Closed on
Jun 15, 2017
Sold by
Macdonald Jason D and Macdonald Mesa
Bought by
Fortune Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 9, 2006
Sold by
Quimby Bruce E
Bought by
Macdonald Jason D
Purchase Details
Closed on
Nov 5, 1999
Sold by
Helm Gloria C and Helm Marvin
Bought by
Quimby Bruce E
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $450,000 | -- | |
| Warranty Deed | $391,900 | All American Title Company | |
| Quit Claim Deed | -- | Land Title Inc | |
| Warranty Deed | $205,000 | -- | |
| Warranty Deed | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $292,500 | New Conventional | |
| Previous Owner | $404,832 | VA | |
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $532,223 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $195,000 | Commercial | |
| Previous Owner | $165,875 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2024 08/02/24 | Sold | $450,000 | 0.0% | $155 / Sq Ft |
| 06/05/2024 06/05/24 | Price Changed | $450,000 | -4.3% | $155 / Sq Ft |
| 05/13/2024 05/13/24 | Price Changed | $470,000 | -14.5% | $162 / Sq Ft |
| 05/10/2024 05/10/24 | For Sale | $550,000 | +40.3% | $189 / Sq Ft |
| 04/28/2023 04/28/23 | Sold | $391,900 | 0.0% | $190 / Sq Ft |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 03/28/2023 03/28/23 | Off Market | $391,900 | -- | -- |
| 03/01/2023 03/01/23 | For Sale | $379,900 | -- | $185 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $5,711 | $357,000 | $105,000 | $252,000 |
| 2022 | $5,123 | $355,000 | $102,000 | $253,000 |
| 2021 | $4,945 | $288,000 | $64,000 | $224,000 |
| 2020 | $4,598 | $288,000 | $41,700 | $246,300 |
| 2019 | $4,057 | $246,000 | $27,800 | $218,200 |
| 2018 | $3,695 | $223,500 | $27,800 | $195,700 |
| 2017 | $3,402 | $181,500 | $25,300 | $156,200 |
| 2016 | $3,287 | $170,000 | $25,300 | $144,700 |
| 2015 | $2,871 | $141,500 | $25,300 | $116,200 |
| 2014 | -- | $123,000 | $25,300 | $97,700 |
Source: Public Records
Agents Affiliated with this Home
-
Obehi Ogharibhor
O
Seller's Agent in 2024
Obehi Ogharibhor
Keller Williams Premier Realty Lake Minnetonka
(651) 800-5763
3 in this area
13 Total Sales
-
Voila It's That Easy
Buyer's Agent in 2024
Voila It's That Easy
eXp Realty
(651) 210-1038
1 in this area
383 Total Sales
-
Garrett Matheson
Seller's Agent in 2023
Garrett Matheson
IQ Realty
(218) 428-8362
1 in this area
150 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6525891
APN: 03-029-24-44-0151
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