4542 16th Ave S Minneapolis, MN 55407
Northrop Neighborhood
3
Beds
2
Baths
1,503
Sq Ft
4,792
Sq Ft Lot
Highlights
- No HOA
- Living Room
- Combination Kitchen and Dining Room
- The kitchen features windows
- Forced Air Heating and Cooling System
- Family Room
About This Home
As of February 2025Great opportunity to buy in the Northrop neighborhood of Minnehaha Park area and build equity or flip. This 3 bedroom, 2 bath home has excellent bones as they say. Roof, siding, exterior, yard, garage all in nice shape as photos will show. Interior rehab is needed. Original wood floors, 2 beds on main floor with full bath, upper level loft style bed, full basement with an additional bath. The 2 car garage is accessed through alley, generous size back yard. If you've been looking for a rehab opportunity in this high demand area this is it!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,746
Year Built
- Built in 1939
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x123
Parking
- 2 Car Garage
Interior Spaces
- 1.5-Story Property
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Goff & Jones Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1102824440031
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2025
Closed on
Feb 14, 2025
Sold by
Braylin Homes Inc
Bought by
Sluder Matthew and Ackiss Claire
Seller's Agent
Tina Lockner
RE/MAX Results
Buyer's Agent
Robert Grossman
Coldwell Banker Realty
List Price
$399,900
Sold Price
$412,000
Premium/Discount to List
$12,100
3.03%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,640
Avg. Annual Appreciation
-7.83%
Original Mortgage
$384,000
Outstanding Balance
$383,360
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$13,796
Purchase Details
Listed on
Aug 29, 2024
Closed on
Sep 20, 2024
Sold by
Wigdahl Trust Under Agreement Dated July
Bought by
Braylin Homes Inc
Seller's Agent
Derrick Monroe
Lakes Area Realty G.V.
Buyer's Agent
Tina Lockner
RE/MAX Results
List Price
$224,900
Sold Price
$242,000
Premium/Discount to List
$17,100
7.6%
Views
31
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
278.19%
Similar Homes in Minneapolis, MN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $412,000 | Burnet Title | |
| Deed | $242,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $384,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $412,000 | +3.0% | $258 / Sq Ft |
| 01/29/2025 01/29/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | For Sale | $399,900 | +65.2% | $250 / Sq Ft |
| 09/20/2024 09/20/24 | Sold | $242,000 | +7.6% | $161 / Sq Ft |
| 09/01/2024 09/01/24 | Pending | -- | -- | -- |
| 08/29/2024 08/29/24 | For Sale | $224,900 | -- | $150 / 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 | $3,746 | $297,000 | $124,000 | $173,000 |
| 2022 | $3,715 | $280,000 | $108,000 | $172,000 |
| 2021 | $3,585 | $279,000 | $82,000 | $197,000 |
| 2020 | $3,884 | $278,500 | $75,400 | $203,100 |
| 2019 | $3,785 | $278,500 | $56,200 | $222,300 |
| 2018 | $3,562 | $265,000 | $56,200 | $208,800 |
| 2017 | $3,652 | $250,000 | $51,100 | $198,900 |
| 2016 | $3,417 | $229,500 | $51,100 | $178,400 |
| 2015 | $3,379 | $218,000 | $51,100 | $166,900 |
| 2014 | -- | $206,000 | $51,100 | $154,900 |
Source: Public Records
Agents Affiliated with this Home
-
Tina Lockner
Seller's Agent in 2025
Tina Lockner
RE/MAX Results
(651) 398-6904
2 in this area
311 Total Sales
-
Robert Grossman
R
Buyer's Agent in 2025
Robert Grossman
Coldwell Banker Burnet
(651) 434-7887
2 in this area
25 Total Sales
-
Derrick Monroe
Seller's Agent in 2024
Derrick Monroe
Lakes Area Realty G.V.
(612) 282-7653
1 in this area
102 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6593879
APN: 11-028-24-44-0031
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