NOT LISTED FOR SALE

501 Cedar Ave S Minneapolis, MN 55454

Cedar-Riverside Neighborhood

Estimated Value: $1,481,642

Studio
-- Bath
4,126 Sq Ft
$359/Sq Ft Est. Value

About This Home

This home is located at 501 Cedar Ave S, Minneapolis, MN 55454 and is currently estimated at $1,481,642, approximately $359 per square foot. 501 Cedar Ave S is a home located in Hennepin County with nearby schools including Pratt Community School, Northeast Middle School, and Thomas Edison High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2022
Sold by
Mcclure Properties Llc
Bought by
Midwest Developers Inc
Current Estimated Value
$1,481,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$953,803
Outstanding Balance
$757,385
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$733,511

Purchase Details

Closed on
Feb 3, 2022
Sold by
Mcclure Properties Llc
Bought by
Midwest Developers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2022
Sold by
Jmada Llc
Bought by
Mcclure Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2019
Sold by
West Bank Properties Llc
Bought by
Jmada Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,100
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2018
Sold by
Adam Properties Llc
Bought by
West Bank Properties Llc

Purchase Details

Closed on
Oct 12, 2016
Sold by
West Bank Properties Llc
Bought by
Community Resource Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,375
Interest Rate
3.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2011
Sold by
Smith & Hance Properties Llc
Bought by
West Bank Properties Llc

Purchase Details

Closed on
Dec 17, 2004
Sold by
Skadi Real Estate Holdings Llc
Bought by
Smith & Hance Properties Llc

Purchase Details

Closed on
May 30, 2003
Sold by
The Tadesse-Asres Partnership L L P
Bought by
Skadi Real State Holdings Llc

Purchase Details

Closed on
Feb 2, 1999
Sold by
Kulcsar Investments L L P
Bought by
The Tadesse-Asres Llp
Source: Public Records

Range of Values:

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

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ICE

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First American

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Quantarium

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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
Midwest Developers Inc $1,326,000 Land Title
Midwest Developers Inc $5,000 Cameron Law Office Chartered
Mcclure Properties Llc $1,100,000 None Listed On Document
Jmada Llc $917,000 Land Title Inc
West Bank Properties Llc -- Land Title Inc
West Bank Properties Llc -- None Available
Community Resource Bank $760,000 Attorney
Adam Properties Llc $950,000 Attorney
West Bank Properties Llc -- Land Title Inc
West Bank Properties Llc -- Land Title Inc
Smith & Hance Properties Llc $610,000 --
Skadi Real State Holdings Llc $340,000 --
The Tadesse-Asres Llp $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midwest Developers Inc $953,803
Previous Owner Mcclure Properties Llc $735,000
Previous Owner Jmada Llc $747,100
Previous Owner West Bank Properties Llc $367,375
Previous Owner Adam Properties Llc $560,000
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 $26,291 $845,000 $157,300 $687,700
2023 $23,214 $805,000 $157,300 $647,700
2022 $19,775 $649,000 $157,300 $491,700
2021 $20,656 $618,000 $149,000 $469,000
2020 $20,208 $650,000 $149,000 $501,000
2019 $19,829 $601,000 $149,000 $452,000
2018 $18,313 $572,500 $149,000 $423,500
2017 $19,522 $525,000 $149,000 $376,000
2016 $20,121 $525,000 $140,800 $384,200
2015 $20,804 $515,000 $140,800 $374,200
2014 -- $515,000 $140,800 $374,200
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55454 Cedar-Riverside

501 Cedar Ave S, Minneapolis, MN

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.

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