NOT LISTED FOR SALE

506 7th St SE Minneapolis, MN 55414

Marcy-Holmes Neighborhood

Estimated Value: $528,000 - $681,410

6 Beds
4 Baths
3,000 Sq Ft
$203/Sq Ft Est. Value

Last Sold October 29, 2013

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

Est. 83% increase in value since last sale

Current estimated payment $4,035/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
  • Assessment Balance: 108.7
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 1116
  • Parcel Number: 2402924220079
  • Projected Closed Date: 10/29/2013
  • Stories: 2.25 - 2.75 Story
  • Taxes With Assessments: 4474.02
  • 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

Schools

  • School District: Minneapolis #1

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
$608,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,103
Avg. Annual Appreciation
5.18%
Original Mortgage
$266,400
Outstanding Balance
$200,776
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$407,327

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:

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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 Change Sq Ft Price
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

This home is located at 506 7th St SE, Minneapolis, MN 55414 since 23 August 2013 and is currently estimated at $608,103, approximately $202 per square foot. This property was built in 1911. 506 7th 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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