NOT LISTED FOR SALE

Estimated Value: $649,000 - $847,690

3 Beds
3 Baths
3,217 Sq Ft
$232/Sq Ft Est. Value

Last Sold December 11, 2013

Last sale price $458,000 $142 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,909/month

23 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Fireplace
  • Burroughs Elementary School Rated A-
  • Corner Lot
  • Woodwork

About This Home

As of December 2013

Lynnhurst duplex. Perfect owner occupied with offsetting income from upper apartment. Easy conversion back to single family home. Hardwood floors, tons of windows and light, two fireplaces, spacious decks, updated kitchen and baths. Close to Lakes.

Last Agent to Sell the Property

Gary Bennett

RE/MAX Results Listed on: 10/14/2013

Last Buyer's Agent

Shannon Plourde

Keller Williams Integrity Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,671

Year Built

  • Built in 1918

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 51x134
  • Corner Lot
  • Landscaped with Trees

Parking

  • 1 Car Garage
  • Tuck Under Garage
  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 3,217 Sq Ft Home
  • Woodwork
  • Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Radiant Heating System

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for fuel, lawn, maint/repair, snow, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,671

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessments: Unknown
  • Construction: Previously Owned
  • Projected Closed Date: 01/03/2014
  • Taxes With Assessments: 7671
  • Estimated Number of Acres: 0.16
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range/Stove, Refrigerator, Washer
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2522
  • Total Fin Square Footage: 3217
  • Below Grade Finished Sq Ft: 695

Exterior Features

  • Frontage Road: Curb/Gutters, City, Paved, Sidewalk
  • Exterior: Brick, Stucco
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Concrete

Garage/Parking

  • Garage Type: Tuckunder
  • Number Garage Spaces: 1

Utilities

  • Heat: Radiant

Condo/Co-op/Association

  • Shared: Deck

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Corner Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Estimated Lot Dimensions: 51x134

Rental Info

  • Owner Expense: Fuel, Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric

Building Info

  • Year Built: 1918

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 5642

Tax Info

  • Year: 2013
  • Tax Value: 7671

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
Dec 11, 2013
Sold by
Olafson Michael
Bought by
Walts Brandon and Walts Susan
Seller's Agent
Gary Bennett
RE/MAX Results
Buyer's Agent
Shannon Plourde
Keller Williams Integrity Realty
List Price
$474,900
Sold Price
$458,000
Premium/Discount to List
-$16,900
-3.56%
Current Estimated Value
$747,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,423
Avg. Annual Appreciation
4.23%
Original Mortgage
$343,500
Outstanding Balance
$246,710
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$500,713

Purchase Details

Closed on
May 11, 2011
Sold by
Woodrubb Stephanie
Bought by
Olfason Michael D

Purchase Details

Closed on
Apr 11, 2011
Sold by
Woodruff Stephanie
Bought by
Household Industrial Finance Company

Purchase Details

Closed on
Jul 2, 2001
Sold by
Gearin John M and Miner Kimberly J
Bought by
Woodruff Stephanie
Source: Public Records

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 Buyer Sale Price Title Company
Walts Brandon $458,000 Home Title
Olfason Michael D $283,000 --
Household Industrial Finance Company $224,566 --
Woodruff Stephanie $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walts Brandon $343,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2013 12/11/13 Sold $458,000 -3.6% $142 / Sq Ft
11/06/2013 11/06/13 Pending -- -- --
10/14/2013 10/14/13 For Sale $474,900 -- $148 / 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
2024 $11,357 $717,000 $298,000 $419,000
2023 $10,329 $739,000 $276,000 $463,000
2022 $8,423 $643,000 $248,000 $395,000
2021 $7,292 $588,000 $230,000 $358,000
2020 $7,897 $536,500 $225,700 $310,800
2019 $8,359 $536,500 $225,700 $310,800
2018 $7,430 $536,500 $225,700 $310,800
2017 $7,256 $456,000 $205,200 $250,800
2016 $7,143 $434,500 $205,200 $229,300
2015 $6,496 $378,000 $205,200 $172,800
2014 -- $333,000 $194,700 $138,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4551350

REALTOR® Association of Southern Minnesota

APN: 16-028-24-14-0141