NOT LISTED FOR SALE

3605 3rd Ave S Minneapolis, MN 55409

Central Neighborhood

Estimated Value: $285,960 - $453,000

5 Beds
3 Baths
2,570 Sq Ft
$139/Sq Ft Est. Value

Last Sold January 31, 2014

Last sale price $166,500 $65 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,348/month

96 Days on Market

Highlights

  • Forced Air Heating System
  • Washburn High School Rated A-
  • 3-minute walk to Ernestine Belton Memorial Playground

About This Home

As of January 2014

Great Central Neighborhood Triplex in S. Minneapolis. Updated Mechanicals, newer vinyl thermopane windows, realistic asking price. Don't wait, this is priced to sell.

Last Agent to Sell the Property

Brad Schaeppi

InvestProp Listed on: 08/26/2013

Last Buyer's Agent

Benjamin Trudeau

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,415

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x130

Parking

  • Driveway

Home Design

  • 2,570 Sq Ft Home
  • Triplex

Utilities

  • Forced Air Heating System

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units

Listing and Financial Details

  • Foreclosure
  • Short Sale

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,415

Year Built

Built in 1910

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Triplex
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Potential Short Sale: Yes
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.12
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished
  • Finished Above Grade Sq Ft: 2570
  • Total Fin Square Footage: 2570

Exterior Features

  • Exterior Amenities: Driveway - Concrete

Utilities

  • Heat: Forced Air
  • Sewer: City

Lot Info

  • Estimated Lot Dimensions: 40x130

Building Info

  • Year Built: 1910

Multi Family

  • Total Units Available: 3

Tax Info

  • Year: 2013
  • Tax Value: 2415

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2013
Closed on
Jan 31, 2014
Sold by
Pristenville Investment Llc
Bought by
Merz William
Seller's Agent
Brad Schaeppi
InvestProp
Buyer's Agent
Benjamin Trudeau
Edina Realty, Inc.
List Price
$199,000
Sold Price
$166,500
Premium/Discount to List
-$32,500
-16.33%
Current Estimated Value
$356,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,740
Avg. Annual Appreciation
6.47%
Original Mortgage
$124,875
Outstanding Balance
$94,911
Interest Rate
4.49%
Mortgage Type
New Conventional
Estimated Equity
$261,329

Purchase Details

Closed on
Sep 16, 2013
Sold by
Pristenville Investment Llc
Bought by
Cortrust Bank Na

Purchase Details

Closed on
Jun 17, 2009
Sold by
U S Bank National Association
Bought by
Pristenville Investments Llc

Purchase Details

Closed on
Dec 16, 1999
Sold by
Bank Of New York
Bought by
Dash Rajesh S and Dash Kelly S Lamphear

Purchase Details

Closed on
Jul 22, 1997
Sold by
Moreland Bennie
Bought by
Proetz Christian J
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
Merz William $166,500 Guaranty Title Inc
Cortrust Bank Na $53,124 None Available
Pristenville Investments Llc $25,000 --
Dash Rajesh S $47,400 --
Proetz Christian J $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merz William $124,875
Closed Proetz Christian J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2014 01/31/14 Sold $166,500 -16.3% $65 / Sq Ft
11/30/2013 11/30/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $199,000 -- $77 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $5,928 $325,000 $74,000 $251,000
2023 $5,199 $325,000 $64,000 $261,000
2022 $4,960 $304,000 $58,000 $246,000
2021 $5,124 $292,000 $39,000 $253,000
2020 $5,043 $307,000 $32,100 $274,900
2019 $4,717 $279,000 $21,400 $257,600
2018 $4,308 $253,500 $21,400 $232,100
2017 $4,405 $228,500 $19,500 $209,000
2016 $3,867 $200,000 $19,500 $180,500
2015 $2,648 $130,500 $19,500 $111,000
2014 -- $113,500 $19,500 $94,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Brad Schaeppi

    InvestProp

  • B

    Buyer's Agent in 2014

    Benjamin Trudeau

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4527323

REALTOR® Association of Southern Minnesota

APN: 03-028-24-44-0050

Minnesota Hennepin County Minneapolis 55408 Central

3605 3rd Ave S, Minneapolis, MN

Not Listed for Sale

MultiFamily

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