NOT LISTED FOR SALE

Estimated Value: $476,083 - $532,000

4 Beds
3 Baths
3,472 Sq Ft
$144/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $490,000 $141 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,201/month

Highlights

  • Corner Lot
  • Community Garden
  • Baseboard Heating
  • Washburn High School Rated A-
  • Patio
  • 2-minute walk to Phelps Park

About This Home

As of August 2022

Craftsman style charmer, situated on a corner lot, over looking Phelps Park. This up-down duplex lives like a TRIPLEX! Fantastic owner-occupied investment opportunity. This home offers tons of natural light, original woodwork and built-ins. Hardwood floors throughout. Beautiful and bright sunroom off the front porch. Home features a spacious living room that opens up to a large dining room great for entertaining. Abundant with original character. Closets are generous and both up-down units have nearly identical layouts with their own mini-split a/c units. This property features a BONUS lower level 3rd unit with an updated kitchen and bathroom. Shared laundry in basement along with tons of extra storage. Enjoy evenings in the back yard around a small fire-pit. Close proximity to restaurants, parks, and fantastic hwy access.

Last Agent to Sell the Property

Adam Bury

Coldwell Banker Realty Brokerage Phone: 612-807-6735 Listed on: 07/07/2022

Coldwell Banker Realty

Co-Listed By

Megan Rach

Edina Realty, Inc. Brokerage Phone: 612-807-6735

Last Buyer's Agent

Jordan Eatherton

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,571

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 42x116
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Basement Storage
  • Basement Window Egress

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • 150 Amp Service

Listing and Financial Details

  • The owner pays for insurance, taxes, trash collection, water
  • Assessor Parcel Number 1102824230198

Community Details

Overview

  • 2 Units
  • Park Ave Heights Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,571

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Common Garden, Patio
  • Year Built: 1922
  • Above Grade Finished Sq Ft: 2692
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,DSL,Fiber Optic
  • Attribution Contact: 612-807-6735
  • Attribution Contact: 612-807-6735
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Egress Window(s), Finished, Full, Shared Access, Storage Space
  • Living Area: 3472
  • Fireplace: No
  • Below Grade Finished Sq Ft: 780
  • Owner Pays: Insurance, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Tile Floors
  • Appliances: Range
  • Total Rooms: 7
  • Amenities: Tile Floors
  • Appliances: Range
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: Other, Partial, Wood
  • ConstructionMaterialsDesc: Brick,Frame
  • Neighborhood: Bryant

Garage/Parking

  • Parking Features: Detached, Concrete
  • Garage Square Feet: 0
  • Garage Door Height: 7

Utilities

  • Heating: Baseboard, Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 150 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 42x116
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Corner Lot, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1102824230198
  • Tax Annual Amount: 5571
  • TaxWithAssessments: 5571.0000

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 19, 2022
Sold by
Patzer Joan
Bought by
Palokangas Julia and Sarkiaho Daniel
Seller's Agent
Adam Bury
Coldwell Banker Realty
Buyer's Agent
Jordan Eatherton
eXp Realty
List Price
$475,000
Sold Price
$490,000
Premium/Discount to List
$15,000
3.16%
Current Estimated Value
$473,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,186
Avg. Annual Appreciation
-0.80%
Original Mortgage
$481,124
Outstanding Balance
$463,003
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$15,519

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 16, 2022
Sold by
Patzer Joan K
Bought by
Palokangas Julia and Sarkiaho Daniel
Seller's Agent
Adam Bury
Coldwell Banker Realty
Buyer's Agent
Jordan Eatherton
eXp Realty
List Price
$475,000
Sold Price
$490,000
Premium/Discount to List
$15,000
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,124
Outstanding Balance
$463,003
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$15,519

Purchase Details

Listed on
May 16, 2014
Closed on
Jun 25, 2014
Sold by
Kampen Andrew C
Bought by
Patzer Joan K
Seller's Agent
Laurie Allen
Coldwell Banker Burnet
Buyer's Agent
Louis Wiggen
Better Homes and Gardens Real Estate All Seasons
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$263,920
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2008
Sold by
Myhra Douglas S
Bought by
Kampen Andrew C and Cole Mevey Lindsay
Source: Public Records

Range of Values:

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Average Value
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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
Palokangas Julia $490,000 --
Palokangas Julia $490,000 --
Patzer Joan K $329,900 Burnet Title
Kampen Andrew C $277,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palokangas Julia $481,124
Closed Palokangas Julia $481,124
Previous Owner Patzer Joan K $89,957
Previous Owner Patzer Joan K $263,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $490,000 +3.2% $141 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $475,000 +44.0% $137 / Sq Ft
06/27/2014 06/27/14 Sold $329,900 0.0% $123 / Sq Ft
06/03/2014 06/03/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $329,900 -- $123 / Sq Ft
Source: NorthstarMLS

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
2023 $7,279 $456,000 $82,000 $374,000
2022 $5,572 $426,000 $82,000 $344,000
2021 $5,503 $403,000 $55,000 $348,000
2020 $5,952 $399,000 $40,100 $358,900
2019 $5,655 $399,000 $26,700 $372,300
2018 $4,842 $369,500 $26,700 $342,800
2017 $4,456 $286,500 $24,300 $262,200
2016 $4,393 $286,500 $24,300 $262,200
2015 $3,936 $249,000 $24,300 $224,700
2014 -- $216,500 $24,300 $192,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6231312

NorthstarMLS

APN: 11-028-24-23-0198