NOT LISTED FOR SALE

4016 & 4018 Colfax Ave S Minneapolis, MN 55409

East Harriet Neighborhood

Estimated Value: $734,000 - $833,000

6 Beds
3 Baths
3,084 Sq Ft
$250/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $728,000 $236 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,112/month

4 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • 4-minute walk to Lyndale Farmstead Park
  • Washburn High School Rated A-

About This Home

As of June 2024

Fantastic location! One block to the Rose Gardens and Lake Harriet. One block to bus line. Half a block to the park/sliding hill. Spacious 3 bedroom units with natural woodwork and hardwood floors. Built in bookcases in Living Room and buffet in Dining Room. Brick, gas fireplaces. Updated bathrooms. Double garage with openers. New roof and updated mechanicals. Loved and well-maintained by the same owner for 28 years. Great block -rents quickly.

Last Agent to Sell the Property

Mark Burke

RE/MAX Results Listed on: 05/17/2024

RE/MAX Results

Last Buyer's Agent

Anita McKeown

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,254

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 42x134
  • Partially Fenced Property
  • Privacy Fence
  • Chain Link Fence

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Pitched Roof
  • Architectural Shingle Roof

Interior Spaces

  • 3,084 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Patio

Utilities

  • Boiler Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Remingtons 3Rd Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, grounds care, snow removal
  • The owner pays for insurance, repairs, sewer, taxes, trash collection
  • Assessor Parcel Number 0902824140045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,254

Year Built

Built in 1925

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: Patio
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 3084
  • Water Sewer Expenses: 1884
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,Fiber Optic
  • FoundationDimensions: 52x30
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Storage Space, Unfinished
  • Living Area: 3084
  • Owner Pays: Insurance, Repairs, Sewer, Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Cable,Ceiling Fan(s),Main Floor Primary Bedroom,Porch,Tile Floors,Walk-In Closet
  • Appliances: Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 6
  • Amenities: Built-In Bookcases,Cable,Ceiling Fan(s),Tile Floors,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range,Stainless Steel Appliances
  • Total Rooms: 6
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age 8 Years or Less, Architectural Shingle, Pitched
  • Fencing: Chain Link, Partial, Privacy
  • ConstructionMaterialsDesc: Block,Brick,Frame
  • Neighborhood: East Harriet
  • PatioPorchType: Front Porch,Terrace

Garage/Parking

  • Parking Features: Detached, Concrete, Electric, Garage Door Opener
  • Garage Square Feet: 400
  • Garage Door Height: 89

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 42x134
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

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

Rental Info

  • Expenses: 10473.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 0902824140045
  • Tax Annual Amount: 10254
  • TaxWithAssessments: 10254.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Grounds Care, Snow Removal
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 21, 2024
Sold by
Burke Mark and Burke Christina
Bought by
Richter Cynthia
Seller's Agent
Mark Burke
RE/MAX Results
Buyer's Agent
Anita McKeown
RE/MAX Results
List Price
$728,000
Sold Price
$728,000
Views
8
Current Estimated Value
$770,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,720
Avg. Annual Appreciation
5.47%
Original Mortgage
$436,800
Outstanding Balance
$433,559
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$337,161

Purchase Details

Closed on
Aug 16, 1996
Sold by
Letscher Thomas A and Letscher Sheila G
Bought by
Burke Mark and Burke Christina A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Richter Cynthia $728,000 --
Burke Mark $228,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richter Cynthia $436,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $728,000 0.0% $236 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $728,000 -- $236 / 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 $10,254 $641,000 $220,000 $421,000
2022 $9,637 $589,000 $197,000 $392,000
2021 $9,287 $552,000 $157,000 $395,000
2020 $10,036 $552,000 $204,900 $347,100
2019 $9,827 $552,000 $173,700 $378,300
2018 $8,899 $525,500 $173,700 $351,800
2017 $8,378 $447,000 $157,900 $289,100
2016 $8,228 $425,500 $157,900 $267,600
2015 $8,634 $425,500 $157,900 $267,600
2014 -- $370,000 $141,600 $228,400
Source: Public Records

Agents Affiliated with this Home

  • Mark Burke

    Seller's Agent in 2024

    Mark Burke

    RE/MAX Results

    (612) 750-7535

    1 in this area

    73 Total Sales

    Mark Burke
    Section Image
  • Anita McKeown

    Buyer's Agent in 2024

    Anita McKeown

    RE/MAX Results

    (651) 271-3636

    1 in this area

    90 Total Sales

    Anita McKeown
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6538346

NorthstarMLS

APN: 09-028-24-14-0045

Minnesota Hennepin County Minneapolis 55409 East Harriet

4016 & 4018 Colfax Ave S, Minneapolis, MN

This home is located at 4016 & 4018 Colfax Ave S, Minneapolis, MN 55409 since 17 May 2024 and is currently estimated at $770,720, approximately $249 per square foot. This property was built in 1925. 4016 & 4018 Colfax Ave S is a home located in Hennepin County with nearby schools including Barton Elementary School, Justice Page Middle School, and Washburn High 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.

NorthstarMLS Based on information submitted to the MLS GRID. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes