NOT LISTED FOR SALE

5304 Penn Ave S Minneapolis, MN 55419

Fulton Neighborhood

Estimated Value: $549,000 - $575,183

4 Beds
2 Baths
2,670 Sq Ft
$210/Sq Ft Est. Value

Last Sold September 29, 2014

Last sale price $386,598 $145 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,809/month

35 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Fireplace
  • Armatage Elementary School Rated A-
  • 2 Car Detached Garage
  • Woodwork

About This Home

As of September 2014

Pristine condition up/down duplex 1/2 block from Minnehaha Creek walking and biking trails. Maintenance free exterior. Hardwood floors and 3 fireplaces (1 each level). Separate utilities. 2 car garage. Perfect investment or owner occupant opportunity!

Last Agent to Sell the Property

Hannelore Buck

RE/MAX Preferred Listed on: 08/06/2014

Last Buyer's Agent

Brian Taurinskas

American Home Realty Co

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,892

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 53x115
  • Few Trees

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,670 Sq Ft Home
  • Woodwork
  • Fireplace
  • Wood Flooring
  • Home Security System

Kitchen

  • Range
  • Microwave

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Additional Features

  • Patio
  • Property is near public transit
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,892

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Projected Closed Date: 09/29/2014
  • Taxes With Assessments: 4891.54
  • Estimated Number of Acres: 0.14
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2348
  • Total Fin Square Footage: 2670
  • Below Grade Finished Sq Ft: 322

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Exterior: Brick
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt, Driveway - Shared

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Forced Air

Condo/Co-op/Association

  • Shared: Patio

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Light
  • Estimated Lot Dimensions: 53x115

Building Info

  • Year Built: 1959

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2014
  • Tax Value: 4892

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2014
Closed on
Sep 29, 2014
Sold by
Johnson Roger K
Bought by
Olson Daniel B and Olson Portia D
Seller's Agent
Hannelore Buck
RE/MAX Preferred
Buyer's Agent
Brian Taurinskas
American Home Realty Co
List Price
$400,000
Sold Price
$386,598
Premium/Discount to List
-$13,402
-3.35%
Total Days on Market
35
Current Estimated Value
$561,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,948
Avg. Annual Appreciation
3.56%
Original Mortgage
$379,595
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Similar Homes in Minneapolis, MN

  • 4752 Lyndale Ave S, Minneapolis, MN 55419

    $649,000

    • 6 Beds
    • 2 Baths
    • 3,368 Sq Ft
    • 4752 Lyndale Ave S
    • Minneapolis, MN

    Stunning and well kept Craftsman-era duplex available for the first time in over 35 years. Pride of ownership shines in this period correct beauty- hardwood floors, stunning millwork, pristine original dining room built-ins, and countless other details expected in a 19020's duplex. Recent updates include brand new roof, gutters, rebuilt front stoop, and updated mechanicals. Amazing location

    Andrea Vorachek Keller Williams Realty Integrity

    Section Image
  • 2925 Sunset Blvd, Minneapolis, MN 55416

    $590,000

    • 4 Beds
    • 2 Baths
    • 3,687 Sq Ft
    • 2925 Sunset Blvd
    • Minneapolis, MN

    LOCATION, LOCATION, LOCATION! This high-demand duplex is a cash-flowing dream with incredible potential. Zoned as a duplex, it also features a possible third unit in the basement—just add zoning and egress for even more income! Previously owner-occupied with no current rent rolls, this is the perfect chance to set your own rates. The property boasts a spacious fenced backyard and patio, ideal for

    Melissa Clawson eXp Realty

    Section Image
  • 3426 Elliot Ave, Minneapolis, MN 55407

    $440,000

    • 5 Beds
    • 2 Baths
    • 3,885 Sq Ft
    • 3426 Elliot Ave
    • Minneapolis, MN

    True classic duplex with great cash flow! Updated paint, yard, granite countertops, roof and boiler. Upper level is ready to be converted into a third unit-ideal for owner occupant to cash flow immediately! Private fenced backyard! Original fireplaces! Quick drive downtown and right in the heart of Powderhorn park. Upper unit pays $1800, lower tenant previously paid $1650 and both tenants pay $25

    Melissa Clawson eXp Realty

    Section Image
  • 4949 Penn Ave S, Minneapolis, MN 55419

    $659,000

    • 4 Beds
    • 2 Baths
    • 2,388 Sq Ft
    • 4949 Penn Ave S
    • Minneapolis, MN

    Two Units. One Smart Move!This charming and well-maintained up/down duplex sits on a highly coveted block near 50th & Penn—just 1.5 blocks south of Lake Harriet. Enjoy easy access to the beach, biking and walking trails, and beloved neighborhood spots like Broders’ Pasta Bar, Nico’s Tacos, and more—all less than a block away.This is no ordinary duplex. Each unit offers 2 bedrooms, an office and 1

    Alison Heathcote Fox Realty

    Section Image
  • 5001 Thomas Ave S, Minneapolis, MN 55410

    $489,900

    • 2 Beds
    • 2 Baths
    • 1,730 Sq Ft
    • 5001 Thomas Ave S
    • Minneapolis, MN

    Fantastic investment opportunity with this duplex in prime Southwest Minneapolis! Just minutes from Lake Harriet, Bde Maka Ska, trails, and parks, this property offers hardwood floors, a bright kitchen & dining area, and a sunroom. Each unit features 1 bed, 1 bath, plus shared basement laundry & storage. Separate garages and driveways add convenience. Ideal for renting both units short- or

    Jason Walgrave RE/MAX Advantage Plus

    Section Image
  • 6045 Penn Ave S, Minneapolis, MN 55419

    $540,000

    • 5 Beds
    • 3 Baths
    • 2,833 Sq Ft
    • 6045 Penn Ave S
    • Minneapolis, MN

    This side-by-side duplex offers a fantastic opportunity for both owner-occupants and investors. Unit 1 (6047), which is vacant, features 3 bedrooms, 2 bathrooms, new kitchen cabinets and countertops, freshly painted walls, and new carpet in the downstairs living room and bedroom. Unit 2 (6045) is occupied by long-term tenants, offering the same layout with 3 bedrooms and 2 bathrooms, along with

    Dan Olson Renters Warehouse

    Section Image
  • 4540 Bryant Ave S, Minneapolis, MN 55419

    $565,000

    • 4 Beds
    • 2 Baths
    • 2,744 Sq Ft
    • 4540 Bryant Ave S
    • Minneapolis, MN

    Charming Duplex located on a peaceful, one-way, tree-lined street with the BONUS of the newer bike path! Just blocks from Lake Harriett, the bandshell for concerts, rose garden, transit, shops, restaurants, downtown and airport. Both levels have hardwood floors, 2 bedrooms, a full bath, and feature beautiful craftsman style cabinets in the family room, dining, and kitchen. Basement has laundry

    Rochelle Johnson RE/MAX Advantage Plus

    Section Image
  • 4553 Harriet Ave, Minneapolis, MN 55419

    $610,000

    • 4 Beds
    • 3 Baths
    • 2,708 Sq Ft
    • 4553 Harriet Ave
    • Minneapolis, MN

    Stately duplex with 1920's charm in high demand King Field neighborhood lovingly maintained by owner occupant for over 30 years! Great walkability and biking to eateries, restaurants, bistros, local shops, the Minneapolis Lakes and Parkway System, and public transit! Sunny, spacious units feature hardwood floors, coved ceilings, sunrooms with built-in bookcases, large living rooms have brick

    Seth Johnson Coldwell Banker Realty

    Section Image
  • 4304 Colfax Ave S, Minneapolis, MN 55409

    $534,000

    • 4 Beds
    • 2 Baths
    • 2,370 Sq Ft
    • 4304 Colfax Ave S
    • Minneapolis, MN

    Amazing opportunity to own a duplex in the charming East Harriet! In addition to being walking distance to Lake Harriet and all the amenities that provides, the interior amenties are even better. They both include private entrances, in-unit laundry, 3 and 4 season porches, 2 bedrooms, 1 bathroom, and walk out decks. The expansive upper unit is vacant making it a great owner-occupant or investor

    Ethan Ranum Mauzy Properties

    Section Image
See All Homes in Minneapolis

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Olson Daniel B $386,597 Dca Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Daniel B $378,764
Previous Owner Olson Daniel B $379,595
Previous Owner Johnson Roger K $50,000
Previous Owner Johnson Roger K $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2014 09/29/14 Sold $386,598 -3.4% $145 / Sq Ft
09/10/2014 09/10/14 Pending -- -- --
08/06/2014 08/06/14 For Sale $400,000 -- $150 / 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 $7,869 $488,000 $220,000 $268,000
2022 $8,371 $488,000 $220,000 $268,000
2021 $7,981 $488,000 $148,000 $340,000
2020 $8,065 $488,000 $182,700 $305,300
2019 $7,663 $456,000 $147,100 $308,900
2018 $5,621 $422,000 $147,100 $274,900
2017 $5,187 $342,500 $133,700 $208,800
2016 $5,069 $326,000 $133,700 $192,300
2015 $5,503 $319,000 $133,700 $185,300
2014 -- $284,000 $131,000 $153,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2014

    Hannelore Buck

    RE/MAX

  • B

    Buyer's Agent in 2014

    Brian Taurinskas

    American Home Realty Co

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4667104

REALTOR® Association of Southern Minnesota

APN: 17-028-24-44-0117

Minnesota Hennepin County Minneapolis 55410 Fulton

5304 Penn Ave S, Minneapolis, MN

This home is located at 5304 Penn Ave S, Minneapolis, MN 55419 since 06 August 2014 and is currently estimated at $561,546, approximately $210 per square foot. This property was built in 1959. 5304 Penn Ave S is a home located in Hennepin County with nearby schools including Armatage Elementary School, Anthony Middle School, and Southwest Senior 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.

Nearby Homes