Seller's Agent in 2024
Peter Rathjen
Sally Bowman Real Estate
(651) 308-4550
2 in this area
60 Total Sales
3932 Cedar Ave S Minneapolis, MN 55407
Bancroft NeighborhoodEstimated Value: $399,000 - $471,000
4
Beds
3
Baths
2,855
Sq Ft
$151/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Property is Fully Fenced
- 3-minute walk to Sibley Park
- Hot Water Heating System
About This Home
As of July 2024Amazing opportunity in the heart of South Minneapolis! This unique triplex offers traditional 1 bedroom and 2 bedroom units plus a retail space. The shop features a bright, open retail area, a work space and office in the back, a kitchenette, and a 3⁄4 bathroom. Above the shop is a large loft and a bedroom. The two units behind the shop feature hardwood floors, lots of natural light, and good sized bedrooms. The fully fenced yard includes a private patio – perfect for summer evenings. The oversized garage has room for two cars and storage. Great location with easy access to shopping, transportation, the airport, and the Mall of America. The property is zoned Commercial, so it will need commercial financing. Don’t miss it!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,651
Year Built
- Built in 1923
Lot Details
- Lot Dimensions are 40x122
- Property is Fully Fenced
- Wood Fence
- Wire Fence
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Finished Basement
- Walk-Out Basement
- Natural lighting in basement
Utilities
- Forced Air Heating System
- Hot Water Heating System
- Boiler Heating System
Community Details
- 3 Units
- Monroe Bros Sub Of Lts Herrick Haml Subdivision
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas, sewer, trash collection
- Assessor Parcel Number 1102824110208
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2024
Closed on
Jul 3, 2024
Sold by
Irwin Gary and Irwin Marilyn
Bought by
Southpoint Llc
Seller's Agent
Peter Rathjen
Counselor Realty
Buyer's Agent
Ephraim Eusebio
Lakes Area Realty
List Price
$399,900
Sold Price
$399,900
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,891
Avg. Annual Appreciation
5.99%
Original Mortgage
$299,925
Outstanding Balance
$296,308
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$134,483
Purchase Details
Closed on
May 18, 2007
Sold by
Luther Kathleen Sue
Bought by
Irwin Gary L and Irwin Marilyn M
Purchase Details
Closed on
Aug 26, 2000
Sold by
Mokler James S
Bought by
Luther Kathleen Sue
Purchase Details
Closed on
Aug 23, 2000
Sold by
Hangsleben Marie A
Bought by
Luther Kathleen Sue
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Southpoint Llc | $399,900 | -- | |
| Irwin Gary L | $244,000 | -- | |
| Luther Kathleen Sue | $83,500 | -- | |
| Luther Kathleen Sue | $15,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Southpoint Llc | $299,925 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2024 07/03/24 | Sold | $399,900 | 0.0% | $140 / Sq Ft |
| 05/29/2024 05/29/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | Off Market | $399,900 | -- | -- |
| 04/25/2024 04/25/24 | For Sale | $399,900 | -- | $140 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $7,043 | $415,000 | $68,900 | $346,100 |
| 2023 | $6,276 | $407,000 | $68,900 | $338,100 |
| 2022 | $5,154 | $222,000 | $41,300 | $180,700 |
| 2021 | $4,770 | $190,800 | $38,400 | $152,400 |
| 2020 | $4,708 | $303,000 | $64,000 | $239,000 |
| 2019 | $4,557 | $169,800 | $38,400 | $131,400 |
| 2018 | $4,072 | $161,700 | $35,400 | $126,300 |
| 2017 | $3,922 | $196,500 | $28,200 | $168,300 |
| 2016 | $3,827 | $187,000 | $28,200 | $158,800 |
| 2015 | $4,032 | $187,000 | $28,200 | $158,800 |
| 2014 | -- | $187,000 | $28,200 | $158,800 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Rathjen
-
Ephraim Eusebio
Buyer's Agent in 2024
Ephraim Eusebio
Lakes Area Realty
(612) 382-9477
5 in this area
111 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6525807
APN: 11-028-24-11-0208
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