5048 Thomas Ave S Minneapolis, MN 55410
Fulton Neighborhood
6
Beds
2
Baths
3,850
Sq Ft
5,227
Sq Ft Lot
Highlights
- Multiple Garages
- Front Porch
- Partially Fenced Property
- Lake Harriet Upper School Rated A-
- Hot Water Heating System
About This Home
As of April 2025Location, location!! Incredible opportunity to own this spectacular up/down duplex in the heart of Fulton and walkable to everything Southwest has to offer. Two, THREE BEDROOM units with large living spaces, fantastic closets and built-ins, large windows with fabulous natural light and wood-burning fireplaces. With a newer roof and brand new boilers, you and/or your tenants are offered complete peace of mind. Main and upper level have 8+ foot ceilings while the WALKOUT lower level has 10' ceilings! Two, individual tuck under garages with interior access, two storage units and plenty of room to customize additional lower level square footage - especially with its own private entrance! Common areas are charming and offer both units additional storage. The upper level includes a darling den with arched windows. Incredible opportunity - see it while you still can!
Basement has 10' ceilings, main is 8.5
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,653
Year Built
- Built in 1923
Lot Details
- Lot Dimensions are 40 x 128
- Partially Fenced Property
- Privacy Fence
- Wood Fence
Parking
- 2 Car Garage
- Multiple Garages
- Tuck Under Garage
Home Design
- Duplex
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Additional Features
- Front Porch
- Hot Water Heating System
Community Details
- 2 Units
- The First Div Of Reeve Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 1702824420012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2025
Closed on
Apr 14, 2025
Sold by
Beverly A Hart Trust and Hart Blake W
Bought by
Fielding Jacqueline and Fielding Randall
Seller's Agent
Brad Fox
Fox Realty
Buyer's Agent
Ruth McGrath
Edina Realty, Inc.
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Total Days on Market
32
Views
84
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.84%
Original Mortgage
$468,750
Outstanding Balance
$468,750
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$175,836
Purchase Details
Closed on
Nov 6, 2014
Sold by
Hart Blake W
Bought by
Hart Blake W and Beverly A Hart Trust
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $625,000 | None Listed On Document | |
| Deed Of Distribution | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $468,750 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Sold | $625,000 | -3.8% | $162 / Sq Ft |
| 04/07/2025 04/07/25 | Pending | -- | -- | -- |
| 03/06/2025 03/06/25 | For Sale | $650,000 | -- | $169 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $8,653 | $634,000 | $319,000 | $315,000 |
| 2022 | $8,049 | $576,000 | $270,000 | $306,000 |
| 2021 | $7,636 | $566,000 | $220,000 | $346,000 |
| 2020 | $8,269 | $557,500 | $195,200 | $362,300 |
| 2019 | $7,946 | $557,500 | $195,200 | $362,300 |
| 2018 | $7,115 | $516,000 | $180,100 | $335,900 |
| 2017 | $6,644 | $418,500 | $163,700 | $254,800 |
| 2016 | $6,519 | $398,500 | $163,700 | $234,800 |
| 2015 | $6,834 | $398,500 | $163,700 | $234,800 |
| 2014 | -- | $347,500 | $145,000 | $202,500 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Fox
Seller's Agent in 2025
Brad Fox
Fox Realty
(612) 685-3890
2 in this area
42 Total Sales
-
Ruth McGrath
Buyer's Agent in 2025
Ruth McGrath
Edina Realty, Inc.
(952) 994-1254
1 in this area
27 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6679558
APN: 17-028-24-42-0012
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