NOT LISTED FOR SALE

3501 Morgan Ave N Minneapolis, MN 55412

Folwell Neighborhood

Estimated Value: $266,000 - $284,000

3 Beds
2.5 Baths
1,651 Sq Ft
$166/Sq Ft Est. Value

Last Sold May 15, 2012

Last sale price $122,000 $74 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,726/month

44 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Formal Dining Room
  • Porch
  • Woodwork

About This Home

As of May 2012

Top quality materials & craftsmanship in classic 2 story! Offers center island kitch, frml dining rm, Master w/ BA & huge walk-in, open porch & full bsmt w/ dbl egress windows - bsmt can be finished to add 2 more beds & 1 full bath. Bid to finish bsmt.

Last Agent to Sell the Property

Rafik Moore

Bridge Realty, LLC Listed on: 03/15/2012

Last Buyer's Agent

Robin Voreis

Keller Williams Integrity Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,291

Year Built

  • 2006

Lot Details

  • Lot Dimensions are 40x128
  • Corner Lot
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 1,651 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Formal Dining Room
  • Tile Flooring
  • Home Security System
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom Rough-In
  • Bathroom on Main Level

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Window Egress

Additional Features

  • Air Exchanger
  • Porch
  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,291

Year Built

2006

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Natural Woodwork, Security System, Tiled Floors
  • Amenities Exterior: Porch
  • Construction: Previously Owned
  • Foundation Size: 818
  • Mechanicals: Air to Air Exchange
  • Projected Closed Date: 05/31/2012
  • Stories: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Master, Main Floor 1/2 Bath, Rough In
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 16x11, On Level: Main
  • Room 2: Dining Room, 12x11, On Level: Main
  • Room 4: Kitchen, 18x11, On Level: Main
  • Room 5: Bedroom, 16x11, On Level: Upper
  • Room 6: Bedroom, 11x10, On Level: Upper
  • Room 7: 11x10, On Level: Upper
  • Room 9: Porch, 21x10, On Level: Main
  • Basement Features: Drainage System, Egress Windows, Sump Pump
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1651
  • Total Fin Square Footage: 1651

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Exterior: Metal
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 40x128
  • Lot/Land Description: Corner Lot, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2012
Closed on
May 15, 2012
Sold by
Investors Capital Llc
Bought by
Scales Kenneth J
Seller's Agent
Rafik Moore
Bridge Realty, LLC
Buyer's Agent
Robin Voreis
Keller Williams Integrity Realty
List Price
$119,900
Sold Price
$122,000
Premium/Discount to List
$2,100
1.75%
Total Days on Market
44
Current Estimated Value
$273,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,559
Avg. Annual Appreciation
6.38%
Original Mortgage
$104,000
Outstanding Balance
$73,657
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$199,902

Purchase Details

Closed on
Feb 28, 2012
Sold by
Your Homecom Inc
Bought by
Investors Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2011
Sold by
Hill-Armstrong Juneau R
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 15, 2006
Sold by
Greater Metropolitan Housing Corp
Bought by
Hill Armstrong Juneau R and Armstrong Marques D

Purchase Details

Closed on
Nov 17, 2005
Sold by
City Of Minneapolis
Bought by
Greater Metropolitan Housing Corp
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
Scales Kenneth J $122,000 Title Recording Services Inc
Investors Capital Llc -- West Title Llc
Us Bank National Association $37,302 --
Hill Armstrong Juneau R $214,000 --
Greater Metropolitan Housing Corp $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scales Kenneth J $104,000
Previous Owner Investors Capital Llc $63,000
Previous Owner Hill Armstrong Juneau R $1,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2012 05/15/12 Sold $122,000 +1.8% $74 / Sq Ft
04/28/2012 04/28/12 Pending -- -- --
03/15/2012 03/15/12 For Sale $119,900 -- $73 / 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 $3,291 $266,000 $16,000 $250,000
2022 $3,063 $266,000 $13,000 $253,000
2021 $3,151 $237,000 $10,000 $227,000
2020 $3,436 $249,500 $9,600 $239,900
2019 $3,051 $237,500 $6,400 $231,100
2018 $2,535 $206,500 $6,400 $200,100
2017 $2,294 $154,500 $5,800 $148,700
2016 $2,055 $136,000 $5,800 $130,200
2015 $1,640 $122,000 $5,800 $116,200
2014 -- $128,500 $8,200 $120,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Rafik Moore

    Bridge Realty, LLC

  • R

    Buyer's Agent in 2012

    Robin Voreis

    Keller Williams Integrity Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4112001

REALTOR® Association of Southern Minnesota

APN: 09-029-24-22-0163

Minnesota Hennepin County Minneapolis 55412 Folwell

3501 Morgan Ave N, Minneapolis, MN

This home is located at 3501 Morgan Ave N, Minneapolis, MN 55412 since 15 March 2012 and is currently estimated at $273,559, approximately $165 per square foot. This property was built in 2006. 3501 Morgan Ave N is a home located in Hennepin County with nearby schools including Lucy Craft Laney at Cleveland Park Community School, Olson Middle School, and Sojourner Truth Academy.

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