NOT LISTED FOR SALE

501 8th St SE Minneapolis, MN 55414

Marcy-Holmes Neighborhood

Estimated Value: $446,000 - $476,393

4 Beds
2 Baths
2,258 Sq Ft
$204/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2015

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

Est. 86% increase in value since last sale

Current estimated payment $2,961 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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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

9,583 Sq Ft Lot

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
607 Holdings Llc
Bought by
Current Estimated Value
$443,376

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
$325,143
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$136,455

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
5.94%
Original Mortgage
$198,400
Interest Rate
3.77%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Marcy-Holmes, MN

  • Amina Ali Real Estate Agent - Keller Williams Realty Integrity Lakes

    Amina Ali

    Keller Williams Realty Integrity Lakes

    (612) 482-7520

    38 Total Sales

    1 in Marcy-Holmes

    $245,000 Price

    Amina Ali
     Section Image
  • Benjamin Lucius Real Estate Agent - Keller Williams Realty Integrity Lakes

    Benjamin Lucius

    Keller Williams Realty Integrity Lakes

    (952) 900-2383

    90 Total Sales

    1 in Marcy-Holmes

    $330,000 Price

    Benjamin Lucius
     Section Image
  • Joe Grunnet Real Estate Agent - DRG

    Joe Grunnet

    DRG

    (612) 482-7945

    53 Total Sales

    1 in Marcy-Holmes

    $418,500 Price

    Joe Grunnet
     Section Image
  • Devon White Real Estate Agent - DRG

    Devon White

    DRG

    (218) 513-2580

    12 Total Sales

    1 in Marcy-Holmes

    $350,000 Price

    Devon White
     Section Image
  • Michael Wasem Real Estate Agent - Edina Realty, Inc.

    Michael Wasem

    Edina Realty, Inc.

    (844) 512-0376

    193 Total Sales

    1 in Marcy-Holmes

    $134,000 Price

    Michael Wasem
     Section Image
  • Matthew Carlson Real Estate Agent - Realty ONE Group Destination

    Matthew Carlson

    Realty ONE Group Destination

    (833) 900-3522

    60 Total Sales

    1 in Marcy-Holmes

    $325,000 Price

    Matthew Carlson
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$379,900 Fsa Title Services
607 Holdings Llc -- Fsa Title Services Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $373,018
Previous Owner 607 Holdings Llc $200,000
Previous Owner 607 Holdings Llc $198,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,175 $407,800 $141,000 $266,800
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

  • BM

    Seller's Agent in 2015

    Brett Makinen

    Keller Williams Classic Realty

  • SS

    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

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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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