NOT LISTED FOR SALE

Estimated Value: $188,000 - $302,000

4 Beds
2 Baths
1,815 Sq Ft
$141/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $284,900 $157 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,602/month

8 Days on Market

About This Home

As of June 2023

Excellent opportunity for owner occupant or a fine addition to investor’s portfolio. Owner’s high standards are reflected in the costly, extensive updates. The hard work has been done. Updated plumbing, 100 amp electric, new sidewalks 2021, water heater, central air (one for each unit), HVAC work both floors/ furnace relocated to upper level, radon mitigation system installed, multiple replacement windows, attic insulated, all hardwoods refinished, complete kitchen remodel (upper), partial roof replacement included gutters, soffit and fascia, Maintenance free exterior LP siding, glass block windows in basement, and many more improvements. Each unit counts with separate entrances, separate utilities (gas & electric), two bedrooms, a full bath including claw foot tub, gleaming original wood floors, central air and a gas range. Upper unit is currently vacant. Previously rented below market value at $1150 a month. Main level is owner occupied. Professional photos coming Friday 4/21. SE H

Last Agent to Sell the Property

Alexandra Dela

RE/MAX Results Listed on: 04/18/2023

RE/MAX Results

Last Buyer's Agent

Karen Lunzer

RE/MAX Advantage Plus

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,591

Year Built

  • Built in 1898

Lot Details

  • Lot Dimensions are 42.75x126.9
  • Chain Link Fence

Home Design

  • Duplex

Interior Spaces

  • 1,815 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Oak Wood Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for insurance, repairs, taxes, trash collection, water
  • Assessor Parcel Number 0502924440102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,591

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1898
  • Above Grade Finished Sq Ft: 1815
  • Water Sewer Expenses: 1867.81
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 1815
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Main Floor Primary Bedroom,Porch
  • Appliances: Range
  • Total Rooms: 6
  • Amenities: Primary Bedroom Walk-in Closet,Porch
  • Appliances: Gas Water Heater,Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Age 8 Years or Less
  • Fencing: Chain Link
  • ConstructionMaterialsDesc: Block
  • Neighborhood: Cleveland

Garage/Parking

  • Parking Features: Gravel, Asphalt

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 42.75x126.9
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0502924440102
  • Tax Annual Amount: 2591
  • TaxWithAssessments: 2590.9400

Multi Family

  • TenantPays: Electricity, Fuel
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Jun 1, 2023
Sold by
Lord Laurie A
Bought by
Watkins William E
Seller's Agent
Alexandra Dela
RE/MAX Results
Buyer's Agent
Karen Lunzer
RE/MAX Advantage Plus
List Price
$279,900
Sold Price
$284,900
Premium/Discount to List
$5,000
1.79%
Views
58
Current Estimated Value
$255,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,545
Avg. Annual Appreciation
-4.59%
Original Mortgage
$275,391
Outstanding Balance
$268,081
Interest Rate
6.43%
Mortgage Type
FHA
Estimated Equity
-$12,726

Purchase Details

Closed on
Mar 20, 2020
Sold by
Fettig Bradley C
Bought by
Lord Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2016
Sold by
Rich Jonathan M
Bought by
Fettig Bradley C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,670
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2016
Sold by
Solo Property Llc
Bought by
Rich Jonathan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,670
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2015
Sold by
Rich Jonathan M and Rich Jennifer L
Bought by
Rich Jonathan M and Rich Jennifer L

Purchase Details

Closed on
Feb 9, 2011
Sold by
Drew Horowitz Investment Llc
Bought by
Solo Property Llc

Purchase Details

Closed on
Jan 5, 2010
Sold by
Aurora Loan Services Llc
Bought by
Drew Horowitz Investment Llc

Purchase Details

Closed on
Oct 6, 2006
Sold by
Oliver Paula
Bought by
Botsio Edward J and Botsio Ellen K

Purchase Details

Closed on
Oct 13, 1998
Sold by
Patzner Kimberly A and Patzner Steven G
Bought by
Oliver Paula
Source: Public Records

Range of Values:

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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
Watkins William E $284,900 None Listed On Document
Lord Laurie A $210,000 Legacy Title
Fettig Bradley C $122,500 Lendserv National Title & In
Rich Jonathan M $20,500 Lendserv National Title
Rich Jonathan M -- Attorney
Solo Property Llc -- None Available
Drew Horowitz Investment Llc $22,400 --
Botsio Edward J $157,000 --
Oliver Paula $60,000 --
Oliver Paula $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watkins William E $275,391
Previous Owner Lord Laurie A $199,500
Previous Owner Fettig Bradley C $119,670
Closed Oliver Paula --
Closed Oliver Paula $3,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $284,900 0.0% $157 / Sq Ft
04/30/2023 04/30/23 Price Changed $284,900 +1.8% $157 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $279,900 -- $154 / 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 $2,987 $226,000 $34,000 $192,000
2023 $2,422 $204,000 $32,000 $172,000
2022 $2,364 $215,000 $32,000 $183,000
2021 $2,114 $190,000 $10,000 $180,000
2020 $1,863 $177,500 $11,400 $166,100
2019 $1,615 $150,500 $7,600 $142,900
2018 $1,277 $131,000 $7,600 $123,400
2017 $786 $71,500 $6,900 $64,600
2016 $1,410 $62,000 $6,900 $55,100
2015 $1,159 $54,000 $6,900 $47,100
2014 -- $50,500 $9,000 $41,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6351829

NorthstarMLS

APN: 05-029-24-44-0102