NOT LISTED FOR SALE

Estimated Value: $358,000 - $379,000

4 Beds
4 Baths
3,790 Sq Ft
$97/Sq Ft Est. Value

Last Sold November 01, 2013

Last sale price $147,500 $39 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $2,506/month

136 Days on Market

Highlights

  • 0.24 Acre Lot
  • Property is near public transit
  • 2 Car Detached Garage
  • Washburn High School Rated A-
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of November 2013

Great cash flow property - 3 unique apartments - tenants will enjoy the full fenced spacious yard, 2 car garage can be used as extra storage, basement holds potential for another rental unit - bring your flashlight - Great opportunity for owner occupancy.

Last Listed By

TJ Hammerstrom

SpringPointe Realty Listed on: 05/28/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,648

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 76x132
  • Fenced Yard
  • Irregular Lot
  • Few Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 3,790 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Range

Additional Features

  • Property is near public transit
  • Forced Air Heating System

Community Details

  • 3 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for cable TV, electric, fuel
  • The owner pays for lawn, snow, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,648

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Triplex
  • Construction: Previously Owned
  • Projected Closed Date: 11/01/2013
  • Street Designation: Avenue
  • Taxes With Assessments: 3648
  • Estimated Number of Acres: 0.24
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2480
  • Total Fin Square Footage: 3790
  • Below Grade Finished Sq Ft: 1310

Exterior Features

  • Frontage Road: Curb/Gutters, City, Paved, Sidewalk
  • Exterior: Stucco
  • Roof: Asphalt Shingles
  • Exterior Amenities: Fenced Yard - Full

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Forced Air

Condo/Co-op/Association

  • Shared: Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Irregular Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Light
  • Estimated Lot Dimensions: 76x132

Rental Info

  • Owner Expense: Lawn, Snow, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Fuel

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 3
  • Est Annual Gross Expense: 3600

Tax Info

  • Year: 2012
  • Tax Value: 3648

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2013
Closed on
Nov 1, 2013
Sold by
Espinoza Luz E Sacta
Bought by
Zachman Andrew
Seller's Agent
TJ Hammerstrom
SpringPointe Realty
Buyer's Agent
Casey Cambridge
TwinCity Loft Real Estate
List Price
$185,000
Sold Price
$147,500
Premium/Discount to List
-$37,500
-20.27%
Total Days on Market
136
Current Estimated Value
$368,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,000
Avg. Annual Appreciation
8.24%
Original Mortgage
$144,827
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 2010
Sold by
Federal National Mortgage Association
Bought by
Sada Espinoza Luz E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,285
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 2005
Sold by
Molina Mirian A
Bought by
Pacheco Hector and None Available

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,706
Interest Rate
6.49%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 27, 2001
Sold by
Xiong Pao Moua
Bought by
Molina Mirian A and Molina Rosario

Purchase Details

Closed on
Oct 13, 2000
Sold by
Voravongsy Nick
Bought by
Xiong Pao Moua

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
Zachman Andrew $147,500 Executive Title Inc
Sada Espinoza Luz E $129,000 --
Pacheco Hector $253,735 --
Molina Mirian A $175,000 --
Xiong Pao Moua $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zachman Andrew $140,675
Closed Zachman Andrew $144,827
Previous Owner Espinoza Luz E Sacta $127,285
Previous Owner Pacheco Hector $240,706
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2013 11/01/13 Sold $147,500 -20.3% $39 / Sq Ft
10/11/2013 10/11/13 Pending -- -- --
05/28/2013 05/28/13 For Sale $185,000 -- $49 / 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 $5,430 $416,000 $107,000 $309,000
2022 $4,434 $386,000 $104,000 $282,000
2021 $3,776 $327,000 $76,000 $251,000
2020 $4,092 $292,000 $84,900 $207,100
2019 $3,792 $292,000 $56,600 $235,400
2018 $3,382 $265,500 $56,600 $208,900
2017 $3,196 $222,500 $51,500 $171,000
2016 $3,088 $210,000 $51,500 $158,500
2015 $2,829 $187,000 $51,500 $135,500
2014 -- $207,500 $43,800 $163,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4486290

REALTOR® Association of Southern Minnesota

APN: 03-028-24-43-0104