NOT LISTED FOR SALE

3957 42nd Ave S Minneapolis, MN 55406

Howe Neighborhood

Estimated Value: $600,000 - $697,750

5 Beds
3 Baths
3,840 Sq Ft
$171/Sq Ft Est. Value

Last Sold May 11, 2012

Last sale price $265,000 $69 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $4,951/month

56 Days on Market

Highlights

  • 0.24 Acre Lot
  • Wood Flooring
  • Community Garden
  • Property is near public transit
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of May 2012

EXCEPTIONAL OPPORTUNITY IN WONDERFUL SOUTH MINNEAPOLIS LOCATION! THERE ARE THREE APARTMENT UNITS PLUS AN ADDITIONAL COMMERCIAL SPACE WITH APPROXIMATELY 1200 SQUARE FEET! PERFECT LIVE/WORK OPPORTUNITY!! THE PROPERTY ALSO HAS AN EXTRA CITY LOT!!

Last Agent to Sell the Property

Christopher Ames

RE/MAX Results Listed on: 01/13/2012

Last Buyer's Agent

Christopher Carrow

Coldwell Banker Burnet

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,526

Year Built

  • Built in 1911

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 80 x 127
  • Partially Fenced Property
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Home Design

  • Stucco Exterior

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Location

  • Property is near public transit

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Amenities

  • Community Garden
  • Community Deck or Porch

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,526

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Assessment Balance: 469.59
  • Assessments: Unknown
  • Construction: Previously Owned
  • Projected Closed Date: 04/30/2012
  • Stories: 2 Story
  • Taxes With Assessments: 4995.92
  • Estimated Number of Acres: 0.24
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1920
  • Total Fin Square Footage: 3840
  • Below Grade Finished Sq Ft: 1920

Exterior Features

  • Frontage Road: City
  • Exterior: Stucco
  • Exterior Amenities: Driveway - Gravel, Fenced Yard - Partial

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1

Condo/Co-op/Association

  • Shared: Common Garden, Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Corner Lot, Pub. Trans (w/in 6 blks)
  • Estimated Lot Dimensions: 80 X 127

Rental Info

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

Building Info

  • Year Built: 1911

Multi Family

  • Total Units Available: 3

Tax Info

  • Year: 2011
  • Tax Value: 4526

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2022
Sold by
Vicinage Llc
Bought by
Sgs Group Llc
Current Estimated Value
$658,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$454,076
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$204,112

Purchase Details

Closed on
Jul 1, 2016
Sold by
Ranch 42 Llc
Bought by
Vicinage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,000
Interest Rate
3.48%

Purchase Details

Closed on
Feb 24, 2014
Sold by
Kissell George C and Kissell Josephine M
Bought by
Ranch 42 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 13, 2012
Closed on
May 11, 2012
Sold by
Kissell George C
Bought by
Ranch 42 Llc
Seller's Agent
Christopher Ames
RE/MAX Results
Buyer's Agent
Christopher Carrow
Coldwell Banker Burnet
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$250,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back
Source: Public Records

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
Sgs Group Llc $650,000 All American Commercial Title
Vicinage Llc $652,705 Premier Title Ins Agency Inc
-- $388,000 --
Ranch 42 Llc $265,000 Old Republic National Title
Ranch 42 Llc $265,000 Midwest Guaranty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sgs Group Llc $487,500
Previous Owner -- $383,000
Previous Owner Vicinage Llc $310,400
Previous Owner Ranch 42 Llc $225,000
Previous Owner Ranch 42 Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2012 05/11/12 Sold $265,000 -3.6% $69 / Sq Ft
03/09/2012 03/09/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $275,000 -- $72 / 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
2024 $17,379 $701,000 $162,500 $538,500
2023 $10,223 $545,000 $162,500 $382,500
2022 $9,132 $284,400 $97,500 $186,900
2021 $8,376 $308,100 $99,100 $209,000
2020 $8,310 $451,000 $152,400 $298,600
2019 $8,329 $274,000 $99,100 $174,900
2018 $7,609 $261,000 $92,400 $168,600
2017 $5,999 $268,000 $132,000 $136,000
2016 $5,652 $255,000 $132,000 $123,000
2015 $5,944 $255,000 $132,000 $123,000
2014 -- $255,000 $132,000 $123,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Christopher Ames

    RE/MAX

  • C

    Buyer's Agent in 2012

    Christopher Carrow

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3588959

REALTOR® Association of Southern Minnesota

APN: 07-028-23-11-0137

Minnesota Hennepin County Minneapolis 55406 Howe

3957 42nd Ave S, Minneapolis, MN

This home is located at 3957 42nd Ave S, Minneapolis, MN 55406 since 13 January 2012 and is currently estimated at $658,188, approximately $171 per square foot. This property was built in 1911. 3957 42nd Ave S is a home located in Hennepin County with nearby schools including Hiawatha Community School, Howe Elementary School, and Sanford Middle School.

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.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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