NOT LISTED FOR SALE

3240 3rd Ave S Minneapolis, MN 55408

Central Neighborhood

Estimated Value: $375,000 - $453,000

6 Beds
2 Baths
3,000 Sq Ft
$140/Sq Ft Est. Value

Last Sold March 27, 2014

Last sale price $242,000 $81 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,717/month

240 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Community Deck or Porch
  • Washburn High School Rated A-

About This Home

As of March 2014

Fantastic duplex that has been renovated w/many great updates. HW floors, built in buffet, crown moulding. Tons of old world charm! Lots of natural light. Lg spacious units. Conv location, only minutes to downtown.Quick closing possible,motivated sellers!

Last Agent to Sell the Property

Michele LaBore

RE/MAX Results Listed on: 07/21/2013

Last Buyer's Agent

Troy Sanders

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,909

Year Built

  • Built in 1909

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 46x128
  • Few Trees

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 3,000 Sq Ft Home
  • Woodwork
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Range
  • Washer and Dryer Hookup

Parking

  • Gravel Driveway
  • Shared Driveway

Utilities

  • Window Unit Cooling System

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for electric, fuel, snow
  • The owner pays for water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,909

Year Built

Built in 1909

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Assessments: Yes
  • Construction: Previously Owned
  • Stories: 2.25 - 2.75 Story
  • Estimated Number of Acres: 0.14
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3000
  • Total Fin Square Footage: 3000

Exterior Features

  • Frontage Road: City
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Gravel, Driveway - Shared

Condo/Co-op/Association

  • Shared: Deck

Lot Info

  • Lot/Land Description: Tree Coverage - Light
  • Estimated Lot Dimensions: 46x128

Rental Info

  • Owner Expense: Water/Sewer
  • Tenant Expense: Electric, Fuel, Snow

Building Info

  • Year Built: 1909

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2013
  • Tax Value: 2909

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2013
Closed on
Mar 27, 2014
Sold by
Blackford David R
Bought by
Willing Mary
Seller's Agent
Michele LaBore
RE/MAX Results
Buyer's Agent
Troy Sanders
RE/MAX Results
List Price
$294,000
Sold Price
$242,000
Premium/Discount to List
-$52,000
-17.69%
Current Estimated Value
$421,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,441
Avg. Annual Appreciation
4.74%
Original Mortgage
$233,530
Outstanding Balance
$178,590
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$242,851

Purchase Details

Closed on
Mar 23, 2011
Sold by
Blackford David R
Bought by
Citimortage Inc

Purchase Details

Closed on
Jun 8, 2005
Sold by
Federal National Mortgage Association
Bought by
Blackford David R

Purchase Details

Closed on
Jun 20, 2003
Sold by
Bacchus Bibi S
Bought by
Moore Ronald L

Purchase Details

Closed on
Jun 28, 2002
Sold by
Palacios Dnina
Bought by
Bauhr Sayeed and Bauhr Bibi S

Purchase Details

Closed on
May 30, 2001
Sold by
Swervo Development Corp
Bought by
Palacios Pnina

Purchase Details

Closed on
May 8, 2001
Sold by
Bank One Na
Bought by
Bennett Jamecia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Willing Mary $242,000 Home Title
Citimortage Inc $79,900 --
Blackford David R $242,000 --
Moore Ronald L $299,000 --
Bauhr Sayeed $255,300 --
Palacios Pnina $170,000 --
Bennett Jamecia $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willing Mary $233,530
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2014 03/27/14 Sold $242,000 -17.7% $81 / Sq Ft
03/18/2014 03/18/14 Pending -- -- --
07/21/2013 07/21/13 For Sale $294,000 -- $98 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $6,000 $412,000 $48,000 $364,000
2023 $5,443 $417,000 $45,000 $372,000
2022 $4,869 $382,000 $45,000 $337,000
2021 $4,975 $356,000 $27,000 $329,000
2020 $4,977 $375,000 $62,400 $312,600
2019 $4,494 $332,000 $41,600 $290,400
2018 $3,910 $292,500 $20,800 $271,700
2017 $3,671 $234,000 $18,900 $215,100
2016 $4,006 $246,500 $18,900 $227,600
2015 $3,351 $205,500 $18,900 $186,600
2014 -- $180,000 $18,900 $161,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michele LaBore

    RE/MAX

  • T

    Buyer's Agent in 2014

    Troy Sanders

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4510073

REALTOR® Association of Southern Minnesota

APN: 03-028-24-13-0012

Minnesota Hennepin County Minneapolis 55408 Central

3240 3rd Ave S, Minneapolis, MN

Not Listed for Sale

MultiFamily

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