NOT LISTED FOR SALE

514 Penn Ave N Minneapolis, MN 55405

Harrison Neighborhood

Estimated Value: $304,000 - $415,000

6 Beds
2 Baths
2,192 Sq Ft
$159/Sq Ft Est. Value

Last Sold April 13, 2012

Last sale price $50,500 $23 Per Sq Ft

Est. 591% increase in value since last sale

Current estimated payment $2,250/month

32 Days on Market

Highlights

  • 0.12 Acre Lot
  • Corner Lot
  • Forced Air Heating System
  • Property is near public transit
  • 2 Car Detached Garage
  • Community Deck or Porch

About This Home

As of April 2012

Corp owned Bargain! Up/Down Duplex. 3br/3br, separate gas & elec, Det 2 car gar. Great Investment or Live in one unit & have the other unit make your payment! Seller may pay up to 3% in closing and provide 2yr warranty for owner occupied buyer. needs TLC

Last Agent to Sell the Property

Elie Safi

RE/MAX Advisors Listed on: 02/16/2012

RE/MAX Advisors

Last Buyer's Agent

Aleksandar Stojmenovic

Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2,192 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Range

Laundry

  • Dryer
  • Washer

Additional Features

  • Property is near public transit
  • Forced Air Heating System

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for electric, fuel, trash, water/sewer
  • The owner pays for lawn, maint/repair, snow

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Projected Closed Date: 04/19/2012
  • Taxes With Assessments: 3778
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2192
  • Total Fin Square Footage: 2192

Exterior Features

  • Frontage Road: City
  • Exterior: Stucco, Wood
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Concrete

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Forced Air

Condo/Co-op/Association

  • Shared: Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Corner Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Light
  • Estimated Lot Dimensions: IRREGULAR

Rental Info

  • Owner Expense: Lawn, Maint/Repair, Snow
  • Tenant Expense: Electric, Fuel, Trash, Water/Sewer

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2011
  • Tax Value: 3755

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2020
Sold by
Smith Christopher and Smith Chris
Bought by
Smith Christopher and Redding Ramona C
Current Estimated Value
$348,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$155,413
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$193,388

Purchase Details

Closed on
Jun 12, 2015
Sold by
Avalon Home Investments Llc
Bought by
Smith Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2012
Closed on
Apr 12, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Avalon Home Investments Llc
Seller's Agent
Elie Safi
RE/MAX Advisors
Buyer's Agent
Aleksandar Stojmenovic
Park Realty
List Price
$48,500
Sold Price
$50,500
Premium/Discount to List
$2,000
4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.54%

Purchase Details

Listed on
Feb 16, 2012
Closed on
Mar 5, 2012
Sold by
Provident Funding Associates Lp
Bought by
Federal Home Loan Mortgage Corporation
Seller's Agent
Elie Safi
RE/MAX Advisors
Buyer's Agent
Aleksandar Stojmenovic
Park Realty
List Price
$48,500
Sold Price
$50,500
Premium/Discount to List
$2,000
4.12%

Purchase Details

Closed on
Oct 14, 2011
Sold by
Uprety Sagar
Bought by
Provident Funding Associates Lp

Purchase Details

Closed on
Oct 11, 2011
Sold by
Uprety Sugar and Kraling Carrie Lynn
Bought by
Provident Funding Associates Lp

Purchase Details

Closed on
Nov 19, 2007
Sold by
Avery Drew and Avery Celeste
Bought by
Sagar Uderty and Kraling Carrie Lynn

Purchase Details

Closed on
Jan 6, 2003
Sold by
Olson Kent S and Olson Rhonda R
Bought by
Avery Celeste E and Avery Drew K

Purchase Details

Closed on
Mar 16, 2001
Sold by
Swervo Development Corp
Bought by
Olson Kent S and Olson Rhonda R

Purchase Details

Closed on
Dec 8, 2000
Sold by
Brandel David
Bought by
Swervo Development Corp
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
Smith Christopher -- Land Title Inc
Smith Chris $165,000 Land Title Inc
Avalon Home Investments Llc -- West Title Llc
Federal Home Loan Mortgage Corporation -- None Available
Provident Funding Associates Lp $110,948 --
Provident Funding Associates Lp $110,947 None Available
Sagar Uderty $110,000 --
Avery Celeste E $214,900 --
Olson Kent S $186,000 --
Swervo Development Corp $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Christopher $175,000
Closed Smith Chris $123,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2012 04/13/12 Sold $50,500 +4.1% $23 / Sq Ft
03/19/2012 03/19/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $48,500 -- $22 / 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
2023 $4,239 $265,000 $42,000 $223,000
2022 $3,755 $252,000 $23,000 $229,000
2021 $3,031 $221,000 $12,000 $209,000
2020 $3,279 $185,500 $12,000 $173,500
2019 $3,058 $185,500 $8,000 $177,500
2018 $2,595 $168,500 $8,000 $160,500
2017 $2,306 $123,000 $7,300 $115,700
2016 $2,070 $107,000 $7,300 $99,700
2015 $1,888 $93,000 $7,300 $85,700
2014 -- $81,000 $7,300 $73,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Elie Safi

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2012

    Aleksandar Stojmenovic

    Park Realty

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3587093

REALTOR® Association of Southern Minnesota

APN: 21-029-24-32-0158

Minnesota Hennepin County Minneapolis 55405 Harrison

514 Penn Ave N, Minneapolis, MN

This home is located at 514 Penn Ave N, Minneapolis, MN 55405 since 16 February 2012 and is currently estimated at $348,801, approximately $159 per square foot. This property was built in 1900. 514 Penn Ave N is a home located in Hennepin County with nearby schools including Bryn Mawr Elementary School, Anwatin Middle School, and North Community 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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