NOT LISTED FOR SALE

Estimated Value: $337,000 - $439,000

2 Beds
2 Baths
1,420 Sq Ft
$273/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $403,000 $284 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,655/month

6 Days on Market

About This Home

As of October 2023

Absolutely impeccable Tudor style double bungalow in a prime just steps to the river location! Welcome to 3233-3235 48th Ave S. This is a turnkey property with two pristine one bedroom one bath units. You will love the hardwood floors, coved ceilings, picture rails, and original mission style birch kitchen cabinets. There are newer appliances and both units have a dishwasher. The lower level is separated and each unit has its own laundry and storage. The backyard is quiet and backs up to the houses on Edmund Blvd & the river. There is a double garage! You’ll have easy access to the river trails. It’s convenient to local shopping and restaurants on Lake st, Grand Ave, and Highland Park. It’s convenient to Minnehaha Falls, either downtown, and the U of M. Great opportunity for an owner occupant or an investor. This nice of a duplex, in this nice of a location doesn’t come up for sale often. Simple to own and enjoy!

Last Listed By

Travis Erickson

RE/MAX Results Listed on: 09/13/2023

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,146

Year Built

  • Built in 1930

Lot Details

  • 4,792

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,420 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Additional Features

  • Lot Dimensions are 40x124
  • Boiler Heating System

Community Details

  • 2 Units
  • Frazee & Jeromes Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for insurance, repairs, trash collection, water
  • Assessor Parcel Number 0502823230010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,146

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 1420
  • Water Sewer Expenses: 1440
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Storage Space
  • Living Area: 1420
  • Owner Pays: Insurance, Repairs, Trash Collection, Water
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Dishwasher,Dryer,Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • Neighborhood: Cooper

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 480

Utilities

  • Heating: Boiler, Radiator(s)
  • 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: 40x124
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0502823230010
  • Tax Annual Amount: 6146
  • TaxWithAssessments: 6146.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Oct 31, 2023
Sold by
Edward J Goldstein Trust
Bought by
Engelhardt Sarah
Seller's Agent
Travis Erickson
RE/MAX Results
Buyer's Agent
Jason Koenig
Coldwell Banker Realty
List Price
$369,900
Sold Price
$403,000
Premium/Discount to List
$33,100
8.95%
Total Days on Market
6
Views
33
Current Estimated Value
$387,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,421
Avg. Annual Appreciation
-2.44%
Original Mortgage
$292,500
Outstanding Balance
$288,381
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$99,198

Purchase Details

Closed on
Oct 12, 2021
Sold by
Goldstein Edward J and Goldstein Ludmilla G
Bought by
Goldstein Edward J and Goldstein Ludmilla G

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
Engelhardt Sarah $403,000 Great North Title
Goldstein Edward J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engelhardt Sarah $292,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $403,000 +8.9% $284 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $369,900 -- $260 / 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 $5,822 $364,000 $212,000 $152,000
2022 $5,447 $364,000 $158,000 $206,000
2021 $5,025 $303,000 $130,000 $173,000
2020 $5,425 $288,500 $102,300 $186,200
2019 $5,192 $288,500 $70,700 $217,800
2018 $4,615 $267,000 $70,700 $196,300
2017 $4,716 $240,500 $64,300 $176,200
2016 $4,255 $209,000 $64,300 $144,700
2015 $3,910 $182,000 $64,300 $117,700
2014 -- $167,000 $61,300 $105,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6433430

NorthstarMLS

APN: 05-028-23-23-0010