3948 1st Ave S Unit A Minneapolis, MN 55409
Kingfield NeighborhoodEstimated Value: $97,000 - $139,000
1
Bed
1
Bath
684
Sq Ft
$297/mo
HOA Fee
Highlights
- Stainless Steel Appliances
- Living Room
- Combination Kitchen and Dining Room
- Washburn High School Rated A-
- 1-Story Property
- 1-minute walk to Rev. Dr. Martin Luther King, Jr. Park
About This Home
As of June 2023Charming ground floor condo in the popular Kingfield neighborhood of South Minneapolis, only steps from Martin Luther King Park. This condo features 1 large bedroom and a full bath. Updated kitchen with granite countertops, wood cabinets, and stainless steel appliances, including refrigerator, gas range, and dishwasher. Lovely natural light in the living room, bedroom, and dining room. Hardwood floors, and a tiled bathroom. Bonus, free shared laundry and extra storage. All this and conveniently located nearshops, restaurants, parks, downtown, and freeways.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $958
Year Built
- Built in 1930
Lot Details
- 10,149
HOA Fees
- $297 Monthly HOA Fees
Parking
- On-Street Parking
Interior Spaces
- 684 Sq Ft Home
- 1-Story Property
- Living Room
- Combination Kitchen and Dining Room
Kitchen
- Cooktop
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Boiler Heating System
Community Details
- Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, snow removal, water
- Greater Midwest Property Mgmt Association, Phone Number (763) 767-9200
- Low-Rise Condominium
- Cic 1488 The Rand Condo Subdivision
Listing and Financial Details
- Assessor Parcel Number 1002824120178
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 20, 2023
Closed on
Jun 16, 2023
Sold by
Kruit Elisha D
Bought by
Wall Madeline and Wall Andrew F
Seller's Agent
Gene Pease
Keller Williams Realty Integrity Lakes
Buyer's Agent
Dean Schlaak
Edina Realty, Inc.
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%
Total Days on Market
104
Views
161
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
$1,088
Avg. Annual Appreciation
0.45%
Original Mortgage
$110,000
Outstanding Balance
$107,713
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$18,375
Purchase Details
Closed on
Nov 14, 2008
Sold by
Monson Troy M
Bought by
Kruit Elisha D
Purchase Details
Closed on
Oct 1, 2007
Sold by
Swartz Joseph L
Bought by
Monson Troy M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.49%
Mortgage Type
New Conventional
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
Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wall Madeline | $125,000 | Executive Title | |
| Kruit Elisha D | $100,000 | -- | |
| Monson Troy M | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wall Madeline | $110,000 | |
| Previous Owner | Kruit Elisha D | $92,300 | |
| Previous Owner | Kruit Elisha D | $95,068 | |
| Previous Owner | Monson Troy M | $90,000 | |
| Previous Owner | Swartz Joseph L | $75,145 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2023 06/16/23 | Sold | $125,000 | 0.0% | $183 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 04/10/2023 04/10/23 | Price Changed | $125,000 | -3.8% | $183 / Sq Ft |
| 02/14/2023 02/14/23 | Price Changed | $130,000 | -7.1% | $190 / Sq Ft |
| 01/20/2023 01/20/23 | For Sale | $140,000 | -- | $205 / 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 |
|---|---|---|---|---|
| 2023 | $1,043 | $105,000 | $12,000 | $93,000 |
| 2022 | $958 | $101,000 | $11,000 | $90,000 |
| 2021 | $910 | $95,000 | $8,400 | $86,600 |
| 2020 | $894 | $93,500 | $8,400 | $85,100 |
| 2019 | $848 | $87,500 | $8,400 | $79,100 |
| 2018 | $755 | $82,500 | $8,400 | $74,100 |
| 2017 | $673 | $67,000 | $8,400 | $58,600 |
| 2016 | $536 | $51,500 | $8,400 | $43,100 |
| 2015 | $598 | $49,000 | $8,400 | $40,600 |
| 2014 | -- | $47,500 | $8,400 | $39,100 |
Source: Public Records
Agents Affiliated with this Home
-
Gene Pease
Seller's Agent in 2023
Gene Pease
Keller Williams Realty Integrity Lakes
(763) 639-3522
3 in this area
45 Total Sales
-
Dean Schlaak
Buyer's Agent in 2023
Dean Schlaak
Edina Realty, Inc.
(612) 388-1024
2 in this area
86 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6325404
APN: 10-028-24-12-0178
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