4000 Colfax Ave S Minneapolis, MN 55409
East Harriet NeighborhoodEstimated Value: $754,000 - $936,000
6
Beds
2
Baths
3,140
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- 800 Feet of Waterfront
- Corner Lot
- 2 Car Attached Garage
- Washburn High School Rated A-
- Rear Porch
- 4-minute walk to Lyndale Farmstead Park
About This Home
As of May 2023Up/Down duplex on corner lot. Both units completely remodeled in 2021, w/modern upgrades including SSappliances, custom bathroom tile/showers, and upgraded original fireplaces, all while still keeping theoriginal charm of the home. The units mirror each other & each offer: 1570 sq. ft. with 3 bedrooms,1bathroom, kitchen, dining room, living room and cozy 4 season porch! Sitting up higher than the sidewalk, these units have privacy, and TONS of natural light being on a corner lot with windows lining the north & east sides of the house. Both units used as a short term rentals (Airbnb/VRBO) since remodel. Great to owner occupy or full investment - rents range from $2800-$3200; a cap of 6.5%-8% depending on monthly rent charged. Listing Agent related to seller.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,515
Year Built
- Built in 1923
Lot Details
- Lot Dimensions are 47x134
- 800 Feet of Waterfront
- Wood Fence
- Corner Lot
Parking
- 2 Car Attached Garage
- Tuck Under Garage
Home Design
- Duplex
Interior Spaces
- 3,140 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Additional Features
- Rear Porch
- Boiler Heating System
Community Details
- 2 Units
- Remingtons 3Rd Add Subdivision
Listing and Financial Details
- The owner pays for all utilities, grounds care, repairs
- Assessor Parcel Number 0902824140041
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2019
Sold by
Scott William T and Hara Katherine O
Bought by
Nyagaka John Ogaro
Total Days on Market
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
3.7%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nyagaka John Ogaro | $560,000 | Burnet Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nyagaka John Ogaro | $470,000 | |
| Closed | Nyagaka John Ogaro | $220,000 | |
| Closed | Nyagaka John Ogaro | $220,000 | |
| Closed | Nyagaka John Ogaro | $126,000 | |
| Closed | Nyagaka John Ogaro | $99,000 | |
| Closed | Nyagaka John Ogaro | $476,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2023 05/10/23 | Sold | $849,000 | 0.0% | $270 / Sq Ft |
| 04/18/2023 04/18/23 | Pending | -- | -- | -- |
| 04/07/2023 04/07/23 | For Sale | $849,000 | -- | $270 / 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 | $9,038 | $642,000 | $226,000 | $416,000 |
| 2022 | $7,515 | $577,000 | $194,000 | $383,000 |
| 2021 | $7,251 | $534,500 | $162,000 | $372,500 |
| 2020 | $9,447 | $534,500 | $209,500 | $325,000 |
| 2019 | $9,582 | $534,500 | $177,200 | $357,300 |
| 2018 | $8,396 | $509,000 | $177,200 | $331,800 |
| 2017 | $7,741 | $413,000 | $161,100 | $251,900 |
| 2016 | $7,609 | $393,500 | $161,100 | $232,400 |
| 2015 | $7,822 | $385,500 | $161,100 | $224,400 |
| 2014 | -- | $335,000 | $143,100 | $191,900 |
Source: Public Records
Agents Affiliated with this Home
-
Sherri Beier
S
Seller's Agent in 2023
Sherri Beier
Compass
(612) 812-2952
1 in this area
29 Total Sales
-
Nicholas Hall
Buyer's Agent in 2023
Nicholas Hall
Coldwell Banker Burnet
(612) 275-3474
1 in this area
57 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6349900
APN: 09-028-24-14-0041
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