NOT LISTED FOR SALE

3940 16th Ave S Minneapolis, MN 55407

Bancroft Neighborhood

Estimated Value: $342,000 - $358,000

3 Beds
2 Baths
1,172 Sq Ft
$296/Sq Ft Est. Value

Sale Details

Date Sold: October 21, 2025

Last sale price $350,000 $299 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,296 / mo

4 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • The kitchen features windows
  • ENERGY STAR Qualified Appliances
  • No HOA
  • Porch
  • Combination Dining and Living Room

About This Home

As of October 2025

Charming, turnkey South Minneapolis bungalow on a quiet, tree-lined street in the Bancroft neighborhood. This home features hardwood floors, classic built-ins, tray ceilings, gorgeous Spanish tile backsplash in the kitchen, and a cozy front porch. Clean, unfinished lower level ideal for future expansion or extra storage. In the yard, you will find nutrient rich soil growing mature fruit trees and bushes, grape vines, and more with a wood fired sauna to enhance enjoyment of the property.

Lots of significant updates including: roof (2024), siding (2024), solar panels (2020), and a sewer liner (2019).

Walking distance to Matt's Bar, Tiny Diner, Duck Duck Coffee, Everett's Foods & Meats, and Bancroft Meadows Park.

Last Agent to Sell the Property

Eda Rivers

Compass Listed on: 09/25/2025

Compass

Last Buyer's Agent

Erin McCullough

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,121

Year Built

  • Built in 1916

Lot Details

  • 5,671 Sq Ft Lot
  • Lot Dimensions are 46x123x43x122
  • Wood Fence
  • Many Trees

Parking

  • 1 Car Garage
  • Garage Door Opener

Interior Spaces

  • 1,172 Sq Ft Home
  • 1.5-Story Property
  • Combination Dining and Living Room
  • Basement
  • Block Basement Construction

Kitchen

  • Range
  • ENERGY STAR Qualified Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Radiator
  • Boiler Heating System
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Monroe Bros Sub Of Lts Herrick Haml Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1102824110180

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,121

Year Built

Built in 1916

Lot Details

5,671 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1916
  • Above Grade Finished Sq Ft: 1172
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Concrete
  • Appliances: Disposal, Dryer, ENERGY STAR Qualified Appliances, Gas Water Heater, Range, Refrigerator, Washer
  • Living Area: 1172
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Porch

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PoolFeatures: None
  • Fencing: Wood
  • Other Structures: Additional Garage, Sauna
  • ConstructionMaterialsDesc: Frame
  • Neighborhood: Bancroft
  • PatioPorchType: Patio,Porch

Garage/Parking

  • Parking Features: Detached, Garage Door Opener

Utilities

  • Heating: Boiler, Radiator(s)
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Porch,Sauna,Skylight,Tile Floors,Washer/Dryer Hookup

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 46x123x43x122
  • Lot Size Sq Ft: 5671
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1102824110180
  • Tax Annual Amount: 4121
  • TaxWithAssessments: 5482.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2025
Closed on
Oct 20, 2025
Sold by
Wilkinson Jacob and Campion Catherine
Bought by
Kofmehl Anne Margaret and Lundy Steven James
Seller's Agent
Eda Rivers
Compass
Buyer's Agent
Erin McCullough
Compass
List Price
$350,000
Sold Price
$350,000
Views
43
Current Estimated Value
$346,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,419
Avg. Annual Appreciation
-1.98%
Original Mortgage
$315,000
Outstanding Balance
$314,706
Interest Rate
6.34%
Mortgage Type
New Conventional
Estimated Equity
$31,875

Purchase Details

Closed on
Aug 17, 2018
Sold by
Kremer Kate M
Bought by
Wilkinson Jacob and Wilkinson Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2015
Sold by
Krueger Kurt J
Bought by
Kremer Kate M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2013
Sold by
Krueger Kate M and Krueger Kurt J
Bought by
Krueger Kate M and Krueger Kurt J

Purchase Details

Closed on
Mar 31, 1998
Sold by
Kremer David L
Bought by
Kremer Kate M
Source: Public Records
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kofmehl Anne Margaret $350,000 Chb Title
Wilkinson Jacob $250,000 Burnet Title
Kremer Kate M -- All American Title Company
Krueger Kate M -- None Available
Kremer Kate M $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kofmehl Anne Margaret $315,000
Previous Owner Wilkinson Jacob $200,000
Previous Owner Kremer Kate M $163,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 Sold $350,000 0.0% $299 / Sq Ft
09/30/2025 09/30/25 Pending -- -- --
09/26/2025 09/26/25 For Sale $350,000 -- $299 / 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
2024 $5,482 $296,000 $107,000 $189,000
2023 $5,084 $292,000 $107,000 $185,000
2022 $4,876 $278,000 $96,000 $182,000
2021 $4,735 $256,000 $77,000 $179,000
2020 $3,446 $250,500 $50,000 $200,500
2019 $3,359 $250,500 $33,300 $217,200
2018 $3,373 $238,500 $33,300 $205,200
2017 $2,962 $208,500 $30,300 $178,200
2016 $2,810 $194,000 $30,300 $163,700
2015 $2,526 $170,500 $30,300 $140,200
2014 -- $158,500 $30,300 $128,200
Source: Public Records

Agents Affiliated with this Home

  • Eda Rivers

    Seller's Agent in 2025

    Eda Rivers

    Compass

    (952) 270-1458

    1 in this area

    62 Total Sales

    Eda Rivers
    Section Image
  • Erin McCullough

    Buyer's Agent in 2025

    Erin McCullough

    Compass

    (612) 597-8902

    1 in this area

    45 Total Sales

    Erin McCullough
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6793830

NorthstarMLS

APN: 11-028-24-11-0180

Minnesota Hennepin County Minneapolis 55407 Bancroft

3940 16th Ave S, Minneapolis, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.