NOT LISTED FOR SALE

3424 Park Ave Minneapolis, MN 55407

Central Neighborhood

Estimated Value: $404,000 - $465,000

6 Beds
3 Baths
3,510 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $245,000 $70 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,806/month

9 Days on Market

About This Home

As of August 2014

Huge units 3BR/2BA+den and 3BR/1BA, both units have 2 levels, separate utilities, nice woodwork, 2-car garage, easy to rent, 2000 sq ft owner's unit w/ laundry, solid building, cash cow.

Last Agent to Sell the Property

Alex Eaton

EIG Real Estate Listed on: 05/14/2014

Last Buyer's Agent

Scot Pekarek

Scot Pekarek Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,218

Year Built

  • Built in 1908

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 49x118

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Stucco Exterior

Interior Spaces

  • 3,510 Sq Ft Home
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, fuel

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,218

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2710
  • Total Fin Square Footage: 3510
  • Below Grade Finished Sq Ft: 800

Exterior Features

  • Exterior: Stucco

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Lot Info

  • Estimated Lot Dimensions: 49x118

Rental Info

  • Tenant Expense: Electric, Fuel

Building Info

  • Year Built: 1908

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2013
  • Tax Value: 3218

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2016
Sold by
Pekarek Scot A and Blemberg Pekarek Jessica
Bought by
Affordale Green Homes Llc
Current Estimated Value
$429,013

Purchase Details

Listed on
May 14, 2014
Closed on
Aug 22, 2014
Bought by
Pekarek Scot Scot
Seller's Agent
Alex Eaton
EIG Real Estate
Buyer's Agent
Scot Pekarek
Scot Pekarek Real Estate
List Price
$239,900
Sold Price
$245,000
Premium/Discount to List
$5,100
2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$183,750
Interest Rate
4.1%

Purchase Details

Closed on
Aug 13, 2013
Sold by
Great Southern Bank
Bought by
Dtae Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,450
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2013
Sold by
Nieken Donald J and Nieken Karen M
Bought by
Great Southern Bank
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
Affordale Green Homes Llc -- Liberty Title Inc
Pekarek Scot Scot $245,000 --
Dtae Llc -- None Available
Dtae Llc $765,000 None Available
Great Southern Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pekarek Scot Scot $183,750
Previous Owner Dtae Llc $600,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $245,000 +2.1% $70 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $239,900 -- $68 / 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
2024 $6,562 $361,000 $86,000 $275,000
2023 $5,811 $364,000 $78,000 $286,000
2022 $5,792 $336,000 $67,000 $269,000
2021 $5,176 $341,000 $51,000 $290,000
2020 $5,137 $316,500 $35,900 $280,600
2019 $4,794 $290,500 $23,900 $266,600
2018 $4,210 $264,000 $23,900 $240,100
2017 $4,019 $214,500 $21,700 $192,800
2016 $3,630 $188,000 $21,700 $166,300
2015 $3,167 $156,500 $21,700 $134,800
2014 -- $147,000 $21,700 $125,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Alex Eaton

    EIG Real Estate

  • S

    Buyer's Agent in 2014

    Scot Pekarek

    Scot Pekarek Real Estate

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4619142

REALTOR® Association of Southern Minnesota

APN: 02-028-24-32-0071

Minnesota Hennepin County Minneapolis 55407 Central

3424 Park Ave, Minneapolis, MN

Not Listed for Sale

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