NOT LISTED FOR SALE

Estimated Value: $428,919

4 Beds
3 Baths
2,180 Sq Ft
$197/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $370,000 $170 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,930/month

Highlights

  • Corner Lot
  • Coin Laundry
  • 3-minute walk to Longfellow Park
  • Hot Water Heating System

About This Home

As of February 2023

Rarely available triplex opportunity in Howe. The generous second floor unit has 2 bedrooms, hardwood floors, and a private entrance. Main floor includes two 1-bedroom units. 2 car garage with additional off-street parking. Charming building with original details throughout. Corner lot across the street from Longfellow Park. Great walkability to the river, dining, shops and the light rail. Great first-time buyer investment.

Last Agent to Sell the Property

Julie Glass-Yares

Edina Realty, Inc. Listed on: 01/10/2023

Edina Realty, Inc.

Co-Listed By

Michael Korby

Edina Realty, Inc.

Last Buyer's Agent

Paul St. Andrew

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,860

Year Built

  • Built in 1932

Lot Details

  • Lot Dimensions are 42x128
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Pitched Roof

Interior Spaces

  • 2,180 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Basement Storage

Utilities

  • Hot Water Heating System
  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for fuel, insurance, janitorial service, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 0602823310138

Community Details

Overview

  • 3 Units
  • Elisabeth Browns Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,860

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1932
  • Above Grade Finished Sq Ft: 2180
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Shared Access, Storage Space, Unfinished
  • Living Area: 2180
  • Owner Pays: Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt, Pitched
  • ConstructionMaterialsDesc: Frame
  • Neighborhood: Howe

Garage/Parking

  • Parking Features: Detached, Asphalt
  • Garage Square Feet: 450

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 42x128
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco
  • Units Total: 3

Rental Info

  • Expenses: 13000.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0602823310138
  • Tax Annual Amount: 6860
  • TaxWithAssessments: 6860.0000

Multi Family

  • TenantPays: Electricity
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Feb 28, 2023
Sold by
Debe Daniel W
Bought by
Coady Mary Michelle and Larson Paul
Seller's Agent
Julie Glass-Yares
Edina Realty, Inc.
Buyer's Agent
Paul St. Andrew
RE/MAX Results
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%
Views
79
Current Estimated Value
$428,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,919
Avg. Annual Appreciation
5.15%
Original Mortgage
$277,500
Outstanding Balance
$270,360
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$148,477

Purchase Details

Listed on
Jan 10, 2023
Closed on
Feb 16, 2023
Sold by
Estate Of Daniel W Debe
Bought by
Larson Noel and Larson Paul
Seller's Agent
Julie Glass-Yares
Edina Realty, Inc.
Buyer's Agent
Paul St. Andrew
RE/MAX Results
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Outstanding Balance
$270,360
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$148,477
Source: Public Records

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
Coady Mary Michelle $370,000 --
Larson Noel $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coady Mary Michelle $277,500
Closed Larson Noel $277,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $370,000 +5.7% $170 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $350,000 -- $161 / 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 $6,735 $421,000 $123,000 $298,000
2022 $6,860 $421,000 $100,000 $321,000
2021 $6,380 $401,000 $73,000 $328,000
2020 $6,635 $387,500 $85,700 $301,800
2019 $6,144 $372,500 $57,100 $315,400
2018 $5,593 $338,500 $57,100 $281,400
2017 $5,267 $281,000 $51,900 $229,100
2016 $5,048 $261,000 $51,900 $209,100
2015 $4,607 $227,000 $51,900 $175,100
2014 -- $197,500 $48,800 $148,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6321522

NorthstarMLS

APN: 06-028-23-31-0138