5124 Oakland Ave Minneapolis, MN 55417
Page NeighborhoodEstimated Value: $408,000 - $481,228
3
Beds
2
Baths
1,847
Sq Ft
$241/Sq Ft
Est. Value
Highlights
- Deck
- 1-Story Property
- Forced Air Heating System
- Hale Elementary School Rated A-
About This Home
As of October 2023Side-by-side duplex near Minnehaha Parkway! One side is currently owner occupied and the other side is vacant. The vacant side boasts a beautiful kitchen complete with center cooking island and ample storage. This unit also has new carpet, a very large bedroom, tons of space, a wheelchair ramp, and potential for a second bedroom! The occupied side is two bedrooms. Both units have a basement with laundry and extra storage or work space.Currently owner-occupied and seller would like to remain in the unit with a rent-back agreement as part of the sale. Vacant side has potential rent price range of $1,100 - $1,300/month as a 1-bedroom and $1,300 - $1,600/month as a 2-bedroom if you were to put the second bedroom in.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,713
Year Built
- Built in 1951
Lot Details
- Lot Dimensions are 59 x 143
- Chain Link Fence
Parking
- 2 Car Garage
Home Design
- Duplex
- Shake Siding
Interior Spaces
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 1402824320157
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2023
Closed on
Oct 3, 2023
Sold by
Masterman Gerard
Bought by
Bermudex Torres Johan
Seller's Agent
Sammi Cook-Kuehn
Bright Idea Properties, LLC.
Buyer's Agent
Omar Antonio Perez Valencia
National Realty Guild
List Price
$371,500
Sold Price
$371,500
Total Days on Market
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,557
Avg. Annual Appreciation
11.57%
Original Mortgage
$352,925
Outstanding Balance
$347,544
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$97,513
Purchase Details
Closed on
Jun 13, 2023
Sold by
Masterman Richard J
Bought by
Allensworth Stephanie L and Masterman Joseph R
Purchase Details
Closed on
Nov 11, 2019
Sold by
Masterman Timtohy J and Masterman Mary
Bought by
Masterman Richard J
Purchase Details
Closed on
Mar 29, 2019
Sold by
Masterman Gerald A
Bought by
Masterman Gerald A and Masterman Timothy T
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Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bermudex Torres Johan | $371,500 | -- | |
| Allensworth Stephanie L | $500 | None Listed On Document | |
| Masterman Richard J | $150,000 | None Available | |
| Masterman Gerald A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bermudex Torres Johan | $352,925 | |
| Previous Owner | Masterman Gerard A | $150,000 | |
| Previous Owner | Masterman Donna E | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/03/2023 10/03/23 | Sold | $371,500 | 0.0% | $201 / Sq Ft |
| 09/03/2023 09/03/23 | Pending | -- | -- | -- |
| 08/11/2023 08/11/23 | For Sale | $371,500 | -- | $201 / 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 | $5,680 | $436,000 | $192,000 | $244,000 |
| 2022 | $5,213 | $436,000 | $186,000 | $250,000 |
| 2021 | $5,038 | $379,000 | $139,000 | $240,000 |
| 2020 | $4,823 | $379,000 | $196,800 | $182,200 |
| 2019 | $4,968 | $338,500 | $131,200 | $207,300 |
| 2018 | $4,800 | $338,500 | $131,200 | $207,300 |
| 2017 | $4,552 | $283,000 | $119,300 | $163,700 |
| 2016 | $4,060 | $246,000 | $119,300 | $126,700 |
| 2015 | $3,674 | $214,000 | $119,300 | $94,700 |
| 2014 | -- | $197,000 | $116,000 | $81,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sammi Cook-Kuehn
Seller's Agent in 2023
Sammi Cook-Kuehn
Bright Idea Properties, LLC.
(651) 208-3468
1 in this area
24 Total Sales
-
Omar Antonio Perez Valencia
Buyer's Agent in 2023
Omar Antonio Perez Valencia
National Realty Guild
(612) 990-2145
1 in this area
39 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6416675
APN: 14-028-24-32-0157
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