NOT LISTED FOR SALE

506 7th St SE Minneapolis, MN 55414

Marcy-Holmes Neighborhood

Estimated Value: $542,000 - $705,550

6 Beds
4 Baths
3,000 Sq Ft
$208/Sq Ft Est. Value

Last Sold October 29, 2013

Last sale price $333,000 $111 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,114/month

29 Days on Market

Highlights

  • Property is near public transit
  • Formal Dining Room
  • 2 Car Detached Garage
  • Wood Flooring
  • Balcony
  • Eat-In Kitchen

About This Home

As of October 2013

Hdwd flrs, build-in buffet, formal dining, large, oversized yard, 2-car garage! Newer roof, new furnace in Dec. 2012, updated electrical in 2012. Finished LL with full bath & fireplace.

Last Agent to Sell the Property

Linda Messenger

Coldwell Banker Burnet Listed on: 08/23/2013

Last Buyer's Agent

Linda Messenger

Coldwell Banker Burnet Listed on: 08/23/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,365

Year Built

  • Built in 1911

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x165
  • Property fronts a private road
  • Landscaped with Trees

Home Design

  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Additional Features

  • Balcony
  • Property is near public transit
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 2402924220079

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,365

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Hardwood Floors, Natural Woodwork, Tiled Floors, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Balcony, Driveway - Asphalt, Driveway - Shared
  • Estimated Number of Acres: 0.25
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 1116
  • Parcel Number: 2402924220079
  • Stories: 2.25 - 2.75 Story
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Disposal, Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 6
  • Bathroom Description: Full Basement, Main Floor 1/2 Bath, Upper Level Bath
  • Total Bathrooms: 4
  • Half Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Room 1: Living Room, 25.3x14.6, On Level: Main
  • Room 2: Dining Room, 19.5x12.2, On Level: Main
  • Room 3: Family Room, On Level: Lower
  • Room 4: Kitchen, 15.2x15.3, On Level: Main
  • Room 5: Bedroom, 12.1x11.4, On Level: Upper
  • Room 6: Bedroom, 10.8x13.4, On Level: Upper
  • Room 7: 11.1x14.1, On Level: Upper
  • Room 8: Bedroom, 13.11x9.7, On Level: Upper
  • Room 9: Bedroom, 10x12, On Level: Third Floor
  • Room 10: Bedroom, 09x08, On Level: Third Floor
  • Basement Features: Partially Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2700
  • Below Grade Finished Sq Ft: 300
  • Total Fin Square Footage: 3000

Exterior Features

  • Frontage Road: City, Private
  • Exterior: Stucco
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Cooling: Wall
  • Fuel: Natural Gas
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 66x165
  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Building Info

  • Year Built: 1911

Tax Info

  • Year: 2013
  • Tax Value: 4365

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2013
Closed on
Oct 29, 2013
Sold by
Rainville Edward C and Rainville Mary Lou
Bought by
Sorensen Todd and Sorensen Julie
Seller's Agent
Linda Messenger
Coldwell Banker Burnet
Buyer's Agent
Linda Messenger
Coldwell Banker Burnet
List Price
$350,000
Sold Price
$333,000
Premium/Discount to List
-$17,000
-4.86%
Current Estimated Value
$625,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,388
Avg. Annual Appreciation
5.35%
Original Mortgage
$266,400
Outstanding Balance
$200,776
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$424,612

Purchase Details

Closed on
Feb 17, 2011
Sold by
Rainville Edward C and Rainville Mary Lou
Bought by
Rainville Edward C and Rainville Mary Lou

Purchase Details

Closed on
Oct 29, 2010
Sold by
Rainville Audrey B
Bought by
Rainville Audrey B and Rainville Edward C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sorensen Todd $330,000 Burnet Title
Rainville Edward C -- None Available
Rainville Edward C -- None Available
Rainville Audrey B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorensen Todd $266,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2013 10/29/13 Sold $333,000 -4.9% $111 / Sq Ft
09/21/2013 09/21/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $350,000 -- $117 / 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 $9,734 $626,000 $210,000 $416,000
2023 $8,990 $654,000 $203,000 $451,000
2022 $7,745 $565,000 $175,000 $390,000
2021 $7,039 $548,000 $188,000 $360,000
2020 $7,362 $521,500 $104,500 $417,000
2019 $7,582 $506,500 $104,500 $402,000
2018 $7,114 $506,500 $104,500 $402,000
2017 $6,051 $394,500 $95,000 $299,500
2016 $5,367 $343,000 $95,000 $248,000
2015 $5,474 $334,000 $95,000 $239,000
2014 -- $290,500 $90,000 $200,500
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Linda Messenger

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4526546

REALTOR® Association of Southern Minnesota

APN: 24-029-24-22-0079

Minnesota Hennepin County Minneapolis 55414 Marcy-Holmes

506 7th St SE, Minneapolis, MN

Not Listed for Sale

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