NOT LISTED FOR SALE

59 Lowry Ave NE Minneapolis, MN 55418

Marshall Terrace Neighborhood

Estimated Value: $609,544 - $647,000

9 Beds
6 Baths
3,676 Sq Ft
$169/Sq Ft Est. Value

Last Sold May 09, 2014

Last sale price $317,300 $86 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,227/month

21 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 3-minute walk to Edgewater Park
  • 3 Car Detached Garage
  • Community Deck or Porch

About This Home

As of May 2014

Cash Cow ($41k/yr gross income)! New construction with central air, sprinkler system, off-street parking. Real Tri-Plex with 3 bed/2 ba units. Fully rented with stable tenants.

Last Agent to Sell the Property

Ryan O'Neill

RE/MAX Advantage Plus Listed on: 03/06/2014

Co-Listed By

Scott Ficek

Rental Management Guys, LLC

Last Buyer's Agent

Matt Lill

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,848

Year Built

  • Built in 2006

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 45x124
  • Corner Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Poured Concrete
  • Asphalt Shingled Roof

Interior Spaces

  • 3,676 Sq Ft Home
  • 2-Story Property
  • Fire Sprinkler System

Kitchen

  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 3 Units
  • Community Deck or Porch
  • Gross Income $600

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,848

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Construction: Previously Owned
  • Projected Closed Date: 05/09/2014
  • Stories: 2 Story
  • Taxes With Assessments: 4848
  • Estimated Number of Acres: 0.27
  • Comp Dev Subdiv Name: Marshall Terrace
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Egress Windows, Finished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2485
  • Total Fin Square Footage: 3676
  • Below Grade Finished Sq Ft: 1191

Exterior Features

  • Frontage Road: City
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 3

Utilities

  • Heat: Forced Air

Condo/Co-op/Association

  • Shared: Fire Sprinkler System, Porch

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Corner Lot
  • Estimated Lot Dimensions: 45x124

Rental Info

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

Building Info

  • Year Built: 2006

Multi Family

  • Total Units Available: 3
  • Est Annual Gross Expense: 13723
  • Est Annual Gross Income: 600

Tax Info

  • Year: 2014
  • Tax Value: 4848

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2017
Sold by
Holm Michael J and Horne Katie Van
Bought by
Sugarland Properties Llc
Current Estimated Value
$621,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$275,647
Interest Rate
3.91%
Mortgage Type
Commercial
Estimated Equity
$345,489

Purchase Details

Listed on
Mar 6, 2014
Closed on
May 9, 2014
Sold by
Pointer Properties Llc
Bought by
Holm Michael J
Seller's Agent
Ryan O'Neill
RE/MAX Advantage Plus
Buyer's Agent
Matt Lill
Edina Realty, Inc.
List Price
$314,900
Sold Price
$317,300
Premium/Discount to List
$2,400
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$311,552
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 2008
Sold by
Monson Stephen J and Monson Mary
Bought by
Pointer Properties Llc

Purchase Details

Closed on
Aug 3, 2006
Sold by
Tobias Roger J and Tobias Jo Anne
Bought by
Sjm 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
Sugarland Properties Llc $440,000 Edina Realty Title Inc
Holm Michael J $317,300 Trademark Title Services Inc
Pointer Properties Llc $290,000 --
Sjm Corp $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sugarland Properties Llc $330,000
Previous Owner Holm Michael J $306,146
Previous Owner Holm Michael J $311,552
Previous Owner Monson Stephen J $404,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2014 05/09/14 Sold $317,300 +0.8% $86 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $314,900 -- $86 / 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 $10,195 $624,000 $90,000 $534,000
2022 $9,848 $567,000 $90,000 $477,000
2021 $9,049 $566,000 $90,000 $476,000
2020 $8,685 $539,000 $134,400 $404,600
2019 $7,868 $477,000 $89,600 $387,400
2018 $7,160 $433,500 $61,600 $371,900
2017 $6,363 $339,500 $61,600 $277,900
2016 $6,136 $306,500 $61,600 $244,900
2015 $5,185 $255,500 $61,600 $193,900
2014 -- $222,000 $61,600 $160,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ryan O'Neill

    RE/MAX

  • S

    Seller Co-Listing Agent in 2014

    Scott Ficek

    Rental Management Guys, LLC

  • M

    Buyer's Agent in 2014

    Matt Lill

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4585619

REALTOR® Association of Southern Minnesota

APN: 10-029-24-14-0196

Minnesota Hennepin County Minneapolis 55418 Marshall Terrace

59 Lowry Ave NE, Minneapolis, MN

This home is located at 59 Lowry Ave NE, Minneapolis, MN 55418 since 06 March 2014 and is currently estimated at $621,136, approximately $168 per square foot. This property was built in 2006. 59 Lowry Ave NE is a home located in Hennepin County with nearby schools including Pillsbury Elementary School, Northeast Middle School, and Thomas Edison High School.

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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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