NOT LISTED FOR SALE

Estimated Value: $313,566 - $419,000

2 Beds
2 Baths
1,312 Sq Ft
$262/Sq Ft Est. Value

Last Sold December 23, 2022

Last sale price $250,000 $191 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,361/month

8 Days on Market

About This Home

As of December 2022

Opportunity to cash flow and build equity with this side-by-side Duplex with1br/1bath units! Some TLC will go a long way. Both units include unfinished basements with egress windows and potential for added living space and increased rents. Easily accessible by Hiawatha Ave and Crosstown (Hwy 62). Option to owner occupy with one long term tenant in place and one vacant unit. Property being sold As-Is.

Last Listed By

Katherine Bean

Keller Williams Realty Integrity Lakes Listed on: 11/09/2022

Keller Williams Realty Integrity Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1952

Lot Details

  • 5,227

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,312 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 128x40
  • Forced Air Heating System

Community Details

  • 2 Units
  • Minnehaha Highlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1902823140186

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Other
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1952
  • Above Grade Finished Sq Ft: 1312
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 1312
  • Fireplace: No
  • Basement YN: Yes
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • Neighborhood: Morris Park

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 0
  • Other Parking Spaces: 0

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 128x40
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1902823140186
  • Tax Annual Amount: 4400
  • TaxWithAssessments: 4436.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Jan 11, 2023
Sold by
Rgw Dayton Development Llc
Bought by
Hanson Builders Inc
Seller's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
Buyer's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Total Days on Market
8
Views
1
Current Estimated Value
$344,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,392
Avg. Annual Appreciation
14.22%
Original Mortgage
$187,500
Outstanding Balance
$183,086
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$161,306

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 23, 2022
Sold by
Nisbet Robert and Nisbet Judy
Bought by
Hansen Karrie and Hansen Kory
Seller's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
Buyer's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$183,086
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$161,306

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 20, 2022
Sold by
Nisbet Robert A and Nisbet Judy A
Bought by
Hansen Karrie K and Hansen Kory
Seller's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
Buyer's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$183,086
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$161,306

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
Hanson Builders Inc $675,000 Chb Title
Hansen Karrie $250,000 --
Hansen Karrie K $250,000 Minnesota Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hansen Karrie $187,500
Closed Hansen Karrie K $187,500
Previous Owner Nisbet Robert A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2022 12/23/22 Sold $250,000 -9.1% $191 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $275,000 -- $210 / Sq Ft
Source: NorthstarMLS

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 $5,199 $312,000 $96,000 $216,000
2022 $4,436 $298,000 $76,000 $222,000
2021 $4,274 $259,000 $45,000 $214,000
2020 $4,100 $259,000 $45,800 $213,200
2019 $3,607 $216,000 $30,500 $185,500
2018 $3,288 $196,500 $30,500 $166,000
2017 $3,167 $169,000 $27,700 $141,300
2016 $3,264 $169,000 $27,700 $141,300
2015 $3,104 $147,500 $27,700 $119,800
2014 -- $140,500 $29,700 $110,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6254847

NorthstarMLS

APN: 19-028-23-14-0186