NOT LISTED FOR SALE

3505 Oakland Ave Minneapolis, MN 55407

Central Neighborhood

Estimated Value: $373,000 - $442,000

2 Beds
1 Bath
3,200 Sq Ft
$127/Sq Ft Est. Value

Last Sold September 30, 2013

Last sale price $216,000 $68 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,722/month

10 Days on Market

About This Home

As of September 2013

This home is located at 3505 Oakland Ave, Minneapolis, MN 55407 since 22 August 2013 and is currently estimated at $407,589, approximately $127 per square foot. This property was built in 1924. 3505 Oakland Ave is a home located in Hennepin County with nearby schools including Lyndale Elementary School, Justice Page Middle School, and Washburn High School.

Last Agent to Sell the Property

Erik Winegarden

National Realty Guild Listed on: 08/22/2013

Last Buyer's Agent

J. Peter Everest

Keller Williams Integrity RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,636

Year Built

  • Built in 1924

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 42x117

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 3,200 Sq Ft Home
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,636

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2200
  • Total Fin Square Footage: 3200
  • Below Grade Finished Sq Ft: 1000

Exterior Features

  • Exterior: Stucco
  • Roof: Asphalt Shingles

Garage/Parking

  • Number Garage Spaces: 2

Lot Info

  • Estimated Lot Dimensions: 42x117

Building Info

  • Year Built: 1924

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2013
  • Tax Value: 2636

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2013
Closed on
Sep 30, 2013
Sold by
Everwood Company Llc
Bought by
Rowe Spencer B
Seller's Agent
Erik Winegarden
National Realty Guild
Buyer's Agent
J. Peter Everest
Keller Williams Integrity RE
List Price
$225,000
Sold Price
$216,000
Premium/Discount to List
-$9,000
-4%
Current Estimated Value
$407,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,589
Avg. Annual Appreciation
5.36%
Original Mortgage
$172,800
Outstanding Balance
$130,148
Interest Rate
4.56%
Mortgage Type
New Conventional
Estimated Equity
$277,441

Purchase Details

Closed on
Jun 27, 2013
Sold by
Twin Cities Community Land Bank Llc
Bought by
Berwood Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2013
Sold by
Jpmc Specialty Mortgage Llc
Bought by
Twin Cities Community Land Bank Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 2013
Sold by
Heiden Mercedes A
Bought by
Jpmc Specialty Mortgage Llc

Purchase Details

Closed on
Aug 18, 2006
Sold by
Natasovsky Donald
Bought by
Heiden Mercedes A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rowe Spencer B $216,000 Home Title
Berwood Company Llc $88,323 Land Title Inc
Twin Cities Community Land Bank Llc $91,000 Land Title Inc
Jpmc Specialty Mortgage Llc $119,750 --
Jpmc Specialty Mortgage Llc $119,750 None Available
Heiden Mercedes A $255,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowe Spencer B $172,800
Previous Owner Twin Cities Community Land Bank Llc $157,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2013 09/30/13 Sold $216,000 -4.0% $68 / Sq Ft
09/01/2013 09/01/13 Pending -- -- --
08/22/2013 08/22/13 For Sale $225,000 -- $70 / 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 $6,912 $379,000 $83,000 $296,000
2023 $6,063 $379,000 $75,000 $304,000
2022 $5,793 $367,000 $66,000 $301,000
2021 $5,105 $341,000 $51,000 $290,000
2020 $5,014 $312,500 $20,400 $292,100
2019 $4,696 $276,500 $13,600 $262,900
2018 $3,185 $251,500 $13,600 $237,900
2017 $3,069 $206,500 $12,400 $194,100
2016 $3,171 $206,500 $12,400 $194,100
2015 $2,559 $172,000 $12,400 $159,600
2014 -- $157,500 $15,400 $142,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Erik Winegarden

    National Realty Guild

  • J

    Buyer's Agent in 2013

    J. Peter Everest

    Keller Williams Integrity RE

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4526147

REALTOR® Association of Southern Minnesota

APN: 02-028-24-32-0012

Minnesota Hennepin County Minneapolis 55407 Central

3505 Oakland Ave, Minneapolis, MN

Not Listed for Sale

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.

Nearby Homes