$459,900
SOLD JUL 1, 2024
5 Beds
2 Baths
2,430 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$189 Per Sq Ft

10% Below List Price

79 Days on Market

Highlights

  • Sauna
  • Washburn High School Rated A-
  • Wood Fence

About This Home

As of July 2024

5-BEDROOM: Nicely updated duplex on 1st Avenue South in Minneapolis. Lower level 2 bedroom/upper level 3-bedroom. 2 car divided garage for privacy and security. Shared sauna in the basement, very nice amenity. Shared laundry in basement. Both units have updated kitchens with fridge, gas stove, dishwasher and the upper unit has a built-in microwave. Updated baths in both units. Hardwood floors throughout and very bright sunrooms at the front of each unit. Fenced backyard with a patio for privacy. Separate heating and electricity. Extra storage in the basement. The location provides easy access to Hwy. 35w, downtown Minneapolis, Uptown and the lakes. Located on a low traffic one way street. Very Nice, Must See Property!

Last Agent to Sell the Property

Jerry Lindeen

Metro Group Real Estate

Last Buyer's Agent

Daniel Anshus

Financially Free, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,116

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 38 x 132
  • Wood Fence

Parking

  • 2 Car Garage
  • Off-Site Parking

Home Design

  • Duplex
  • Architectural Shingle Roof

Interior Spaces

  • 2,430 Sq Ft Home
  • 2-Story Property
  • Sauna
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Boiler Heating System

Community Details

  • 2 Units
  • Higman Ridgway & Cos Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for sewer, taxes
  • Assessor Parcel Number 0302824430202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,116

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected, City Water - In Street
  • Association Amenities: Sauna
  • Year Built: 1922
  • Above Grade Finished Sq Ft: 2430
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Unfinished
  • Living Area: 2430
  • Owner Pays: Sewer, Taxes
  • Basement YN: Yes
  • Appliances: Dishwasher,Microwave,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 6
  • Appliances: Dishwasher,Range
  • Total Rooms: 7
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age Over 8 Years, Architectural Shingle, Asphalt
  • Fencing: Wood
  • ConstructionMaterialsDesc: Frame
  • Neighborhood: King Field
  • PatioPorchType: Front Porch,Patio

Garage/Parking

  • Parking Features: Detached, Off Site
  • Garage Square Feet: 576
  • Other Parking Spaces: 2
  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected, City Sewer - In Street
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 38 X 132
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0302824430202
  • Tax Annual Amount: 7116
  • TaxWithAssessments: 7362.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Gas
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
Jul 1, 2024
Sold by
Thomas Margaret Rees
Bought by
Hughes Hallie and Kuechle Taylor
Seller's Agent
Jerry Lindeen
Metro Group Real Estate
Buyer's Agent
Daniel Anshus
Financially Free, LLC
List Price
$513,200
Sold Price
$459,900
Premium/Discount to List
-$53,300
-10.39%
Total Days on Market
79
Views
39
Current Estimated Value
$465,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,979
Avg. Annual Appreciation
1.46%
Original Mortgage
$451,569
Outstanding Balance
$448,179
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$17,700

Purchase Details

Listed on
Sep 6, 2014
Closed on
Jan 28, 2015
Sold by
Tucker Joshua
Bought by
Thomas Margaret Rees
Seller's Agent
Steven Jones
Keller Williams Classic Rlty NW
Buyer's Agent
Sandy Loescher
Sandy Green Realty, Inc.
List Price
$289,900
Sold Price
$263,500
Premium/Discount to List
-$26,400
-9.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$210,800
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tucker Joshua

Purchase Details

Closed on
Aug 8, 2005
Sold by
Klibanov Vladimir
Bought by
Rainbolt Daniel

Purchase Details

Closed on
Jul 9, 2003
Sold by
Paulson Patrick M
Bought by
Klibanov Vladimir

Purchase Details

Closed on
Jan 12, 2002
Sold by
Mcmillen Thomas M
Bought by
Paulson Patrick M

Purchase Details

Closed on
Jan 29, 1999
Sold by
Grohs David R
Bought by
Mcmillan Thomas M and Mcmillan Jade L

Purchase Details

Closed on
Sep 18, 1998
Sold by
Household Industrial Finance Company
Bought by
Abulhajj Nedal

Map

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 Type Sale Price Title Company
Warranty Deed $459,900 First American Title
Warranty Deed $263,500 Titlesmart Inc
Warranty Deed $158,500 --
Warranty Deed $370,000 --
Warranty Deed $263,000 --
Warranty Deed $5,000 --
Warranty Deed $125,500 --
Warranty Deed $45,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $451,569 FHA
Previous Owner $210,800 New Conventional
Previous Owner $146,451 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $459,900 0.0% $189 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
04/29/2024 04/29/24 Price Changed $459,900 -8.0% $189 / Sq Ft
04/16/2024 04/16/24 Price Changed $499,900 -2.6% $206 / Sq Ft
03/18/2024 03/18/24 For Sale $513,200 +94.8% $211 / Sq Ft
01/28/2015 01/28/15 Sold $263,500 -9.1% $108 / Sq Ft
01/05/2015 01/05/15 Pending -- -- --
09/06/2014 09/06/14 For Sale $289,900 -- $119 / Sq Ft
Source: NorthstarMLS

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 $7,772 $471,000 $102,000 $369,000
2022 $7,083 $442,000 $99,000 $343,000
2021 $5,287 $402,000 $67,000 $335,000
2020 $5,164 $378,500 $61,500 $317,000
2019 $4,894 $360,500 $41,000 $319,500
2018 $4,339 $334,000 $41,000 $293,000
2017 $4,034 $273,000 $37,300 $235,700
2016 $3,474 $232,500 $37,300 $195,200
2015 $4,190 $206,500 $37,300 $169,200
2014 -- $188,500 $34,900 $153,600
Source: Public Records

Source: NorthstarMLS

MLS Number: 6504691

NorthstarMLS

APN: 03-028-24-43-0202