NOT LISTED FOR SALE

3325 Colfax Ave N Minneapolis, MN 55412

McKinley Neighborhood

Estimated Value: $196,000 - $222,000

4 Beds
2 Baths
1,354 Sq Ft
$154/Sq Ft Est. Value

Last Sold May 24, 2013

Last sale price $45,000 $33 Per Sq Ft

Est. 362% increase in value since last sale

Current estimated payment $1,322/month

149 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Bathroom on Main Level
  • 1 Car Detached Garage
  • Landscaped with Trees
  • 1-Story Property

About This Home

As of May 2013

Investment & equity gain opportunity for handy person. Solid home needs cosmetics & some repairs to be a rental or fix to resell. Big eat-in kit, hrdwd floors, family room & 3/4 BA in LL, some copper missing. Tile needs finishing in LL. Fenced yard.

Last Agent to Sell the Property

Mary Mensch

RE/MAX Results Listed on: 12/10/2012

Co-Listed By

Jeffrey Davis

RE/MAX Results

Last Buyer's Agent

Chue Thao

Empire Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $858

Year Built

  • Built in 1950

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x128
  • Landscaped with Trees

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Parking

  • 1 Car Detached Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 0902924140050

Home Details

Home Type

Single Family

Est. Annual Taxes

$858

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Hardwood Floors
  • Amenities Exterior: Driveway - Asphalt
  • Estimated Number of Acres: 0.12
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 804
  • Parcel Number: 0902924140050
  • Potential Short Sale: Yes
  • Projected Closed Date: 06/14/2013
  • Stories: 1 Story
  • Taxes With Assessments: 858
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen
  • Appliances: Range/Stove
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 12x18, On Level: Main
  • Room 3: Family Room, On Level: Lower
  • Room 4: Kitchen, 10x12, On Level: Main
  • Room 5: Bedroom, 10x12, On Level: Main
  • Room 6: Bedroom, 11x12, On Level: Main
  • Room 7: 12x11, On Level: Lower
  • Room 8: Bedroom, 12x10, On Level: Lower
  • Basement Features: Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 804
  • Below Grade Finished Sq Ft: 550
  • Total Fin Square Footage: 1354

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 40X128
  • Lot/Land Description: Tree Coverage - Medium

Building Info

  • Year Built: 1950

Tax Info

  • Year: 2012
  • Tax Value: 858

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2012
Closed on
May 24, 2013
Sold by
Michelson Jeffrey W
Bought by
Thao Pheng
Seller's Agent
Mary Mensch
RE/MAX Results
Buyer's Agent
Chue Thao
Empire Realty LLC
List Price
$35,000
Sold Price
$45,000
Premium/Discount to List
$10,000
28.57%
Total Days on Market
149
Current Estimated Value
$207,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,873
Avg. Annual Appreciation
13.56%

Purchase Details

Closed on
Feb 28, 2006
Sold by
Lasalle Bank Na
Bought by
Michelson Jeffrey and Michelson Debra

Purchase Details

Closed on
Jul 28, 1998
Sold by
Boyd Mark O and Boyd Ramona L
Bought by
Yang Ge and Yang Choua Lee
Source: Public Records

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Range of Values:

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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
Thao Pheng $43,676 Multiple
Michelson Jeffrey $115,500 --
Yang Ge $45,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thao Pheng $41,500
Closed Thao Pheng $41,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2013 05/24/13 Sold $45,000 +28.6% $33 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
12/10/2012 12/10/12 For Sale $35,000 -- $26 / 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
2023 $1,862 $163,000 $16,000 $147,000
2022 $1,527 $142,000 $13,000 $129,000
2021 $1,191 $133,000 $11,000 $122,000
2020 $1,352 $113,000 $9,300 $103,700
2019 $1,127 $102,500 $6,200 $96,300
2018 $1,282 $85,500 $6,200 $79,300
2017 $1,083 $80,500 $5,600 $74,900
2016 $1,223 $70,000 $5,600 $64,400
2015 $737 $61,000 $5,600 $55,400
2014 -- $54,000 $5,600 $48,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mary Mensch

    RE/MAX

  • J

    Seller Co-Listing Agent in 2013

    Jeffrey Davis

    RE/MAX

  • C

    Buyer's Agent in 2013

    Chue Thao

    Empire Realty LLC

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4423515

REALTOR® Association of Southern Minnesota

APN: 09-029-24-14-0050

Minnesota Hennepin County Minneapolis 55412 McKinley

3325 Colfax Ave N, Minneapolis, MN

This home is located at 3325 Colfax Ave N, Minneapolis, MN 55412 since 10 December 2012 and is currently estimated at $207,873, approximately $153 per square foot. This property was built in 1950. 3325 Colfax Ave N is a home located in Hennepin County with nearby schools including Cityview Elementary School, Olson Middle School, and Sojourner Truth Academy.

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.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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