NOT LISTED FOR SALE

Estimated Value: $519,000 - $568,000

7 Beds
4 Baths
5,184 Sq Ft
$104/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $500,000 $96 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,420/month

About This Home

As of March 2023

Opportunity knocks in this beautiful South Minneapolis duplex that could easily exceed the 1% rule. Huge units with intricate woodwork, off street parking spaces, and a Mother In Law suite attached for bonus income. Don't miss out on your chance to own this cash cow!

Last Buyer's Agent

Samuel Gardner

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,280

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

  • Duplex
  • Metal Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Lot Dimensions are 42 x 118
  • Hot Water Heating System

Community Details

  • 3 Units
  • Clinton Ave Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0302824410005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,280

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Other
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 3573
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 5184
  • Below Grade Finished Sq Ft: 1611
  • Basement YN: Yes
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Neighborhood: Central

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 42 X 118
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0302824410005
  • Tax Annual Amount: 5280
  • TaxWithAssessments: 5280.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 10, 2023
Sold by
Seng Richard C
Bought by
Thirty Four Twenty Llc
Buyer's Agent
Samuel Gardner
RE/MAX Results
Sold Price
$500,000
Current Estimated Value
$541,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,250
Avg. Annual Appreciation
2.96%
Original Mortgage
$475,000
Outstanding Balance
$383,967
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Estimated Equity
$157,283

Purchase Details

Closed on
Jan 3, 2017
Sold by
Phillips Alexander K
Bought by
Seng Richard C

Purchase Details

Closed on
Sep 7, 2010
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Phillips Alexander and Seng Richard

Purchase Details

Closed on
Oct 27, 2005
Sold by
Thibodeaux Diane
Bought by
Young Wesley

Purchase Details

Closed on
May 24, 2002
Sold by
Mcdanield Barry
Bought by
Thibodeaux Diane D and Thibodeaux Rurus

Purchase Details

Closed on
Nov 30, 2001
Sold by
Dancinglion Ada Belinda
Bought by
Mcdaniel Barry and Muse-Macdaniel Jaleka D

Purchase Details

Closed on
May 27, 1997
Sold by
Adams Michael J
Bought by
Hankins Ada Belinda
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
Thirty Four Twenty Llc $500,000 Legacy Title
Seng Richard C $380,000 None Available
Phillips Alexander $94,500 --
Young Wesley $360,000 --
Thibodeaux Diane D $330,000 --
Mcdaniel Barry $174,900 --
Hankins Ada Belinda $71,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thirty Four Twenty Llc $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2023 03/10/23 Sold $500,000 -- $96 / 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
2024 $6,856 $461,000 $66,000 $395,000
2023 $6,331 $485,000 $60,000 $425,000
2022 $5,280 $425,000 $53,000 $372,000
2021 $4,628 $381,000 $36,000 $345,000
2020 $5,015 $346,000 $22,500 $323,500
2019 $4,695 $346,000 $15,000 $331,000
2018 $4,297 $314,500 $15,000 $299,500
2017 $4,111 $267,000 $13,600 $253,400
2016 $3,539 $222,500 $13,600 $208,900
2015 $3,565 $213,500 $13,600 $199,900
2014 -- $194,500 $13,600 $180,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6341342

NorthstarMLS

APN: 03-028-24-41-0005