NOT LISTED FOR SALE

Estimated Value: $303,482

4 Beds
2 Baths
1,680 Sq Ft
$181/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $305,000 $182 Per Sq Ft

Current estimated payment $1,882/month

3 Days on Market

About This Home

As of April 2023

Rare side-by-side duplex with separate private basements in great location in the extreme SW corner of N Mpls, close to Wirth Park. Freshly updated with refinished hardwood floors, new kitchen floors, epoxied tubs, new countertops. 706 also has all new kitchen cabinets, new interior doors and blinds. All window sashes have just been sanded, painted and reglazed. Parking pad off the alley means tenants don't have to park in the street. This area has had excellent rental demand. Live in one side and rent the other! Both units currently enrolled in the city's 4d Affordable Housing Incentive Program, reducing property tax by roughly 40%. Owner is a licensed Realtor.

Last Agent to Sell the Property

Joel Smetanka

Edina Realty, Inc. Listed on: 03/21/2023

Edina Realty, Inc.

Last Buyer's Agent

Christopher Long

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1962

Lot Details

  • Lot Dimensions are 40x129

Home Design

  • Duplex
  • Pitched Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Brodericks Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, fuel, grounds care, snow removal
  • The owner pays for repairs, taxes, trash collection, water
  • Assessor Parcel Number 2002924130095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,098

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 1680
  • Water Sewer Expenses: 1400
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Unfinished
  • Living Area: 1680
  • Owner Pays: Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Tile Floors
  • Appliances: Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Fencing: None
  • ConstructionMaterialsDesc: Frame
  • Neighborhood: Willard - Hay

Garage/Parking

  • Parking Features: Open

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 40x129
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco
  • Units Total: 2

Rental Info

  • Expenses: 4570.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2002924130095
  • Tax Annual Amount: 2098
  • TaxWithAssessments: 2098.0000

Multi Family

  • TenantPays: Electricity, Fuel, Grounds Care, Snow Removal
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Apr 14, 2023
Sold by
Smetanka Joel J and Smetanka Joy M
Bought by
704 Upton Llc
Seller's Agent
Joel Smetanka
Edina Realty, Inc.
Buyer's Agent
Christopher Long
RE/MAX Results
List Price
$300,000
Sold Price
$305,000
Premium/Discount to List
$5,000
1.67%
Total Days on Market
3
Views
4
Current Estimated Value
$303,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,518
Avg. Annual Appreciation
-0.23%
Original Mortgage
$228,750
Outstanding Balance
$196,944
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$106,538

Purchase Details

Closed on
Apr 15, 2014
Sold by
Jam Residential Properties Llc
Bought by
Smetanka Joel J and Smetanka Joy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,671
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2008
Sold by
Consumer Solutions Reo
Bought by
Lageson Kent E

Purchase Details

Closed on
Jul 27, 2006
Sold by
Yang Julia Ze
Bought by
Vue Hue and Vue Mai Kia Thao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
8.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 2002
Sold by
Yang Kao and Vue Yia
Bought by
Yang Lia

Purchase Details

Closed on
May 2, 1997
Sold by
Vang Mee and Xiong Daovon
Bought by
Vue Yia and Yang Kao
Source: Public Records

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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
704 Upton Llc $305,000 Edina Realty Title
Smetanka Joel J $119,561 Edina Realty Title
Lageson Kent E $46,000 --
Vue Hue $262,000 --
Yang Lia $185,000 --
Vue Yia $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 704 Upton Llc $228,750
Previous Owner Smetanka Joel J $85,000
Previous Owner Smetanka Joel J $89,671
Previous Owner Jam Residential Properties Llc $100,000
Previous Owner Vue Hue $209,600
Previous Owner Vue Hue $52,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $305,000 +1.7% $182 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $300,000 -- $179 / 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 $2,149 $261,000 $23,000 $238,000
2022 $2,423 $40,000 $2,700 $37,300
2021 $3,508 $211,000 $16,000 $195,000
2020 $3,406 $200,500 $12,300 $188,200
2019 $3,073 $179,000 $8,200 $170,800
2018 $2,652 $155,500 $8,200 $147,300
2017 $2,206 $118,500 $7,500 $111,000
2016 $2,169 $113,000 $7,500 $105,500
2015 $2,372 $118,000 $7,500 $110,500
2014 -- $102,500 $7,500 $95,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6342376

NorthstarMLS

APN: 20-029-24-13-0095