NOT LISTED FOR SALE

404 W 28th St Minneapolis, MN 55408

Whittier Neighborhood

Estimated Value: $483,000 - $577,000

8 Beds
3 Baths
3,336 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 28, 2013

Last sale price $290,000 $87 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,480/month

56 Days on Market

Highlights

  • Corner Lot
  • Community Deck or Porch
  • 3-minute walk to Whittier Park
  • Coin Laundry

About This Home

As of November 2013

Cash-flowing triplex in high demand area! Vacant land behind building included in sale. Natural gas and electric separated. Portions of units have been remodeled. Newer stucco and aluminum trim. A perfect investment or owner occupied property!

Last Agent to Sell the Property

Patrick Schacherer

Twin City Realty LLC Listed on: 09/17/2013

Last Buyer's Agent

Mark Wiebusch

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,586

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 53 x 135
  • Corner Lot

Parking

  • Driveway

Home Design

  • Stucco Exterior

Interior Spaces

  • 3,336 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for water/sewer

Community Details

Overview

  • 3 Units

Amenities

  • Community Deck or Porch
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,586

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Assessment Balance: 546
  • Construction: Previously Owned
  • Projected Closed Date: 11/25/2013
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 5132
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3336
  • Total Fin Square Footage: 3336

Exterior Features

  • Exterior: Stucco
  • Exterior Amenities: Driveway - Asphalt

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned, Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Corner Lot
  • Estimated Lot Dimensions: 53 x 135

Rental Info

  • Owner Expense: Water/Sewer
  • Tenant Expense: Electric, Fuel

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 3
  • Est Annual Gross Expense: 8070

Tax Info

  • Year: 2013
  • Tax Value: 4586

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2013
Closed on
Nov 25, 2013
Sold by
Schacherer John H and Schacherer Bonnie
Bought by
Hope Renz and Kelly Ginger
Seller's Agent
Patrick Schacherer
Twin City Realty LLC
Buyer's Agent
Mark Wiebusch
RE/MAX Results
List Price
$324,900
Sold Price
$290,000
Premium/Discount to List
-$34,900
-10.74%
Current Estimated Value
$522,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,615
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
May 4, 2007
Sold by
Grand 404 Llc
Bought by
Schacherer Patrick J and Schacherer John H
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
Hope Renz $290,000 First American Title
Schacherer Patrick J $259,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2013 11/28/13 Sold $290,000 -10.7% $87 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
09/17/2013 09/17/13 For Sale $324,900 -- $97 / 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
2023 $7,424 $465,000 $140,000 $325,000
2022 $8,493 $489,000 $140,000 $349,000
2021 $8,184 $496,000 $123,000 $373,000
2020 $8,511 $496,000 $141,300 $354,700
2019 $7,948 $477,000 $94,200 $382,800
2018 $7,162 $433,500 $94,200 $339,300
2017 $6,362 $339,500 $85,600 $253,900
2016 $6,236 $308,000 $85,600 $222,400
2015 $5,506 $257,500 $85,600 $171,900
2014 -- $224,000 $80,600 $143,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Patrick Schacherer

    Twin City Realty LLC

  • M

    Buyer's Agent in 2013

    Mark Wiebusch

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4534835

REALTOR® Association of Southern Minnesota

APN: 34-029-24-32-0387

Minnesota Hennepin County Minneapolis 55408 Whittier

404 W 28th St, Minneapolis, MN

This home is located at 404 W 28th St, Minneapolis, MN 55408 since 17 September 2013 and is currently estimated at $531,592, approximately $159 per square foot. This property was built in 1900. 404 W 28th St is a home located in Hennepin County with nearby schools including Whittier International, Andersen United Middle School, and South Senior 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.

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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