NOT LISTED FOR SALE

Estimated Value: $542,000 - $640,000

4 Beds
2 Baths
2,608 Sq Ft
$230/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $585,000 $224 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,780/month

152 Days on Market

About This Home

As of December 2023

Enjoy all the charm and character this two-story duplex has to offer in the very desirable Lake Harriet area! Convenient location and within walking distance to Lake Harriet and many shops and restaurants in the area. This meticulously-maintained home has been family owned since the early 70s with only two previous owners. Some of the features include hardwood floors, oak trim in living/dining rooms, high ceilings, wood burning fireplaces on each level, lots of natural light, fresh neutral paint throughout, new roof, gutters, fascia and windows and much more (see supplements for additional home features and upgrades). Detached two-car garage. Basement features shared space with ample storage, a home gym area, laundry, and a 1/4 bath. Current owner is utilizing the entire home as an owner-occupied duplex, however, the two units would also have great income potential.

Last Agent to Sell the Property

Barbara Walton

Edina Realty, Inc. Listed on: 06/08/2023

Edina Realty, Inc.

Last Buyer's Agent

Katherine Bean

Keller Williams Realty Integrity Lakes

Keller Williams Realty Integrity Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,412

Year Built

  • Built in 1927

Lot Details

  • Lot Dimensions are 40x128

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Architectural Shingle Roof

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Utilities

  • Boiler Heating System
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number 1702824130082

Community Details

Overview

  • 2 Units
  • Lake Harriet Park Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,412

Year Built

Built in 1927

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 Laundry
  • Year Built: 1927
  • Above Grade Finished Sq Ft: 2608
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,Fiber Optic
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Full, Concrete, Storage Space
  • Living Area: 2608
  • Basement YN: Yes
  • Amenities: Cable
  • Appliances: Range
  • Number Of Fireplaces: 1
  • Amenities: Cable
  • Appliances: Range
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less, Architectural Shingle
  • Neighborhood: Fulton

Garage/Parking

  • Parking Features: Detached, Concrete

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Lot Size: 40x128
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1702824130082
  • Tax Annual Amount: 6412
  • TaxWithAssessments: 6595.9900

Multi Family

  • Number Of Refrigerators: One Per Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Dec 8, 2023
Sold by
Ulmen Nicholas W and Ulmen Caitlin A
Bought by
Hengel Lisa and Hengel Dale
Seller's Agent
Barbara Walton
Edina Realty, Inc.
Buyer's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
List Price
$675,000
Sold Price
$585,000
Premium/Discount to List
-$90,000
-13.33%
Views
447
Current Estimated Value
$599,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,834
Avg. Annual Appreciation
1.21%
Original Mortgage
$574,404
Outstanding Balance
$565,387
Interest Rate
7.79%
Mortgage Type
FHA
Estimated Equity
$34,447

Purchase Details

Closed on
Jun 30, 2020
Sold by
Ulmen Cheri L and Ulmen Peter W
Bought by
Ulmen Nicholas W
Source: Public Records
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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
Hengel Lisa $585,000 Great North Title
Ulmen Nicholas W -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hengel Lisa $574,404
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $585,000 -2.5% $224 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
10/27/2023 10/27/23 Price Changed $600,000 -4.0% $230 / Sq Ft
10/03/2023 10/03/23 Price Changed $625,000 -4.6% $240 / Sq Ft
07/25/2023 07/25/23 Price Changed $655,000 -3.0% $251 / Sq Ft
06/23/2023 06/23/23 For Sale $675,000 -- $259 / 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
2024 $7,716 $508,000 $290,000 $218,000
2023 $6,755 $504,000 $310,000 $194,000
2022 $6,813 $474,000 $254,000 $220,000
2021 $6,597 $478,000 $224,000 $254,000
2020 $6,664 $478,000 $233,900 $244,100
2019 $6,355 $459,500 $209,000 $250,500
2018 $5,818 $425,500 $209,000 $216,500
2017 $5,387 $345,500 $190,000 $155,500
2016 $5,317 $329,000 $190,000 $139,000
2015 $5,571 $329,000 $190,000 $139,000
2014 -- $287,000 $174,400 $112,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6372841

NorthstarMLS

APN: 17-028-24-13-0082