NOT LISTED FOR SALE

3224 Hennepin Ave Minneapolis, MN 55408

East BDE Maka Ska Neighborhood

Estimated Value: $649,000 - $763,000

6 Beds
4 Baths
3,124 Sq Ft
$219/Sq Ft Est. Value

About This Home

This home is located at 3224 Hennepin Ave, Minneapolis, MN 55408 and is currently estimated at $685,317, approximately $219 per square foot. 3224 Hennepin Ave is a home located in Hennepin County with nearby schools including Kenwood Elementary School, Anwatin Middle School, and North Community High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2023
Sold by
Elfstrom Karl
Bought by
Babb Michael
Current Estimated Value
$685,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$606,782
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$67,461

Purchase Details

Closed on
Mar 8, 2020
Sold by
Elfstrom Karl D
Bought by
Babb Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,679
Interest Rate
6.13%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2019
Sold by
Elfstrom Karl D and Labine Allyson
Bought by
Elfstrom Karl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2018
Sold by
Koepp Martin W
Bought by
Elfstrom Karl D and Labine Allyson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2005
Sold by
Mackdusky Holdings Inc
Bought by
Koepp Martin W

Purchase Details

Closed on
Nov 10, 2005
Sold by
Graeber Jack C
Bought by
Mackdusky Holdings Llc
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Babb Michael $625,000 --
Babb Michael $625,000 Cambria Title
Elfstrom Karl D $500 Edgewater Title Group Llc
Elfstrom Karl D $530,000 Edina Realty Title Inc
Koepp Martin W $380,000 --
Mackdusky Holdings Llc $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babb Michael $625,000
Previous Owner Babb Michael $613,679
Previous Owner Elfstrom Karl D $32,500
Previous Owner Elfstrom Karl D $520,000
Previous Owner Elfstrom Karl D $520,400
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
2023 $7,500 $552,000 $206,000 $346,000
2022 $9,911 $552,000 $199,000 $353,000
2021 $10,059 $559,000 $153,000 $406,000
2020 $8,344 $558,500 $170,100 $388,400
2019 $9,309 $537,000 $122,100 $414,900
2018 $8,061 $488,000 $122,100 $365,900
2017 $8,920 $439,500 $111,000 $328,500
2016 $8,798 $418,500 $111,000 $307,500
2015 $8,664 $391,000 $111,000 $280,000
2014 -- $355,500 $92,500 $263,000
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55408 East BDE Maka Ska

3224 Hennepin Ave, Minneapolis, MN

This home is located at 3224 Hennepin Ave, Minneapolis, MN 55408 and is currently estimated at $685,317, approximately $219 per square foot. 3224 Hennepin Ave is a home located in Hennepin County with nearby schools including Kenwood Elementary School, Anwatin Middle School, and North Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes