$425,000
SOLD JUL 1, 2022
6 Beds
2 Baths
2,450 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$173 Per Sq Ft

2% Above List Price

9 Days on Market

About This Home

As of July 2022

Wow! Amazing opportunity to owner occupy & make owning much cheaper than renting by using passive income from the second unit! Located in the heart of NE Mpls, this duplex is close to amazing dining & shopping options, not to mention close to the U of M and just minutes from downtown! The main floor unit features 3 bedrooms, a shared full bathroom, and private laundry in the basement! The upper unit includes an updated kitchen, beautiful hardwood floors, private laundry, and a balcony, plus a huge third-floor bedroom! The main floor unit is vacant and the second-floor unit becomes available on 7/1/22. You can choose which you want to occupy or rent them both!! See the supplements for more info on both units. Don't miss this great opportunity!

Last Agent to Sell the Property

Jeremy Hager

Keller Williams Classic Rlty NW

Keller Williams Classic Rlty NW

Last Buyer's Agent

Jeffrey Schemmel

BRIX Real Estate

BRIX Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,980

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 39x131
  • Few Trees

Parking

  • 4 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Cable TV Available

Community Details

  • 2 Units
  • Ramsey Lockwood & Others Add S Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, snow removal
  • The owner pays for insurance, taxes, water
  • Assessor Parcel Number 1302924330016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,980

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Porch
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2450
  • Water Sewer Expenses: 960
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Living Area: 2450
  • Fireplace: No
  • Owner Pays: Insurance, Taxes, Water
  • Basement YN: Yes
  • Amenities: Cable,Ceiling Fan(s),Porch,Tile Floors,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 7
  • Amenities: Cable,Ceiling Fan(s),City View,Deck,French Doors,Porch,Tile Floors,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Microwave,Range
  • Total Rooms: 6
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • Neighborhood: Beltrami

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 720
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 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: 39x131
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 1920.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1302924330016
  • Tax Annual Amount: 5980
  • TaxWithAssessments: 5980.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 1, 2022
Sold by
Fast Justin
Bought by
Johnson Brandon
Seller's Agent
Jeremy Hager
Keller Williams Classic Rlty NW
Buyer's Agent
Jeffrey Schemmel
BRIX Real Estate
List Price
$415,000
Sold Price
$425,000
Premium/Discount to List
$10,000
2.41%
Total Days on Market
9
Current Estimated Value
$450,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,974
Avg. Annual Appreciation
2.02%
Original Mortgage
$410,125
Outstanding Balance
$395,613
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$54,531

Purchase Details

Listed on
May 18, 2022
Closed on
Jun 28, 2022
Sold by
Fast Justin Donald
Bought by
Johnson Brandon
Seller's Agent
Jeremy Hager
Keller Williams Classic Rlty NW
Buyer's Agent
Jeffrey Schemmel
BRIX Real Estate
List Price
$415,000
Sold Price
$425,000
Premium/Discount to List
$10,000
2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,125
Outstanding Balance
$395,613
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$54,531

Purchase Details

Closed on
Aug 2, 2013
Sold by
Dahl Bonnie Jean and Jean Fast Bonnie
Bought by
Fast Justin Donald

Purchase Details

Closed on
Mar 23, 2004
Sold by
Swanson James F
Bought by
Fast Justin D

Purchase Details

Closed on
Apr 24, 1997
Sold by
Hud
Bought by
Swanson James F

Map

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 Type Sale Price Title Company
Deed $425,000 --
Warranty Deed $425,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $245,000 --
Warranty Deed $38,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $410,125 New Conventional
Closed $417,302 FHA
Previous Owner $148,770 New Conventional
Previous Owner $175,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $425,000 +2.4% $173 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $415,000 -- $169 / Sq Ft
Source: NorthstarMLS

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 $4,952 $382,000 $109,000 $273,000
2022 $5,980 $374,000 $95,000 $279,000
2021 $5,669 $352,000 $50,000 $302,000
2020 $5,629 $347,000 $48,000 $299,000
2019 $5,255 $318,500 $32,000 $286,500
2018 $4,787 $289,500 $32,000 $257,500
2017 $4,518 $241,000 $29,100 $211,900
2016 $4,873 $252,000 $29,100 $222,900
2015 $4,444 $219,000 $29,100 $189,900
2014 -- $199,000 $31,800 $167,200
Source: Public Records

Source: NorthstarMLS

MLS Number: 6198583

NorthstarMLS

APN: 13-029-24-33-0016