NOT LISTED FOR SALE

501 8th St SE Minneapolis, MN 55414

Marcy-Holmes Neighborhood

Estimated Value: $407,000 - $502,197

4 Beds
2 Baths
2,258 Sq Ft
$196/Sq Ft Est. Value

Last Sold March 18, 2015

Last sale price $238,000 $105 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,869/month

58 Days on Market

About This Home

As of March 2015

Duplex near U of M on a double lot. Great rental income opportunity for your investors. Original wood work & character throughout. Seller is willing to look at all offers.

Last Agent to Sell the Property

Brett Makinen

Keller Williams Classic Realty Listed on: 01/17/2015

Last Buyer's Agent

Samuel Scott

Bridge Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,766

Year Built

  • Built in 1909

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 82x116

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 2,258 Sq Ft Home
  • Fireplace
  • Range

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Boiler Heating System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,766

Year Built

Built in 1909

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Projected Closed Date: 03/16/2015
  • Taxes With Assessments: 3766
  • Estimated Number of Acres: 0.22
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2258
  • Total Fin Square Footage: 2258

Exterior Features

  • Exterior: Stucco
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Concrete

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1

Utilities

  • Heat: Boiler

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 82x116

Building Info

  • Year Built: 1909

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2014
  • Tax Value: 3766

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
607 Holdings Llc
Bought by
Kjellberg Samuel and Morley Helen
Current Estimated Value
$443,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,018
Outstanding Balance
$332,861
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$110,188

Purchase Details

Listed on
Jan 17, 2015
Closed on
Mar 16, 2015
Sold by
Scott Samuel
Bought by
607 Holdings Llc
Seller's Agent
Brett Makinen
Keller Williams Classic Realty
Buyer's Agent
Samuel Scott
Bridge Realty, LLC
List Price
$225,000
Sold Price
$238,000
Premium/Discount to List
$13,000
5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$198,400
Interest Rate
3.77%
Mortgage Type
Commercial
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
Kjellberg Samuel $379,900 Fsa Title Services
607 Holdings Llc -- Fsa Title Services Llc
Kjellberg Samuel Samuel $379,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kjellberg Samuel $373,018
Previous Owner 607 Holdings Llc $198,400
Closed Kjellberg Samuel Samuel $365,615
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2015 03/18/15 Sold $238,000 +5.8% $105 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
01/17/2015 01/17/15 For Sale $225,000 -- $100 / 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 $6,242 $427,000 $141,000 $286,000
2023 $5,574 $427,000 $136,000 $291,000
2022 $4,873 $405,000 $115,000 $290,000
2021 $4,974 $350,000 $121,000 $229,000
2020 $4,808 $304,500 $75,000 $229,500
2019 $4,937 $272,000 $50,000 $222,000
2018 $4,307 $272,000 $50,000 $222,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Brett Makinen

    Keller Williams Classic Realty

  • S

    Buyer's Agent in 2015

    Samuel Scott

    Bridge Realty, LLC

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4708280

REALTOR® Association of Southern Minnesota

APN: 24-029-24-22-0500

Minnesota Hennepin County Minneapolis 55414 Marcy-Holmes

501 8th St SE, Minneapolis, MN

This home is located at 501 8th St SE, Minneapolis, MN 55414 since 17 January 2015 and is currently estimated at $443,049, approximately $196 per square foot. This property was built in 1909. 501 8th St SE is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison 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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