714 Cedar Lake Rd S Minneapolis, MN 55405
Bryn Mawr NeighborhoodEstimated Value: $316,000 - $414,000
3
Beds
1
Bath
1,304
Sq Ft
$296/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- Porch
- Forced Air Heating and Cooling System
- No HOA
- Living Room
About This Home
As of January 2024Beautiful story and a half home in the desirable Bryn Mawr neighborhood of Minneapolis. This 3 bed, 1 bath home maintains all the original character and charm of its era paired with a brand new furnace in 2023 and new AC and water heater in 2021 along with refinished hardwood floors. 3 Season porch in the back overlooking a fenced in backyard in addition to a full unfinished basement with good ceiling height making it perfect to add square footage and a possible 4th bedroom. Excellent value for the neighborhood with plenty of opportunity to grow into! Conveniently located to nearby parks, trails, west end, and downtown Minneapolis makes its truly a desirable place to call home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,547
Year Built
- Built in 1940
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 128 x 40
Parking
- 1 Car Garage
Home Design
- Shake Siding
Interior Spaces
- 1,304 Sq Ft Home
- 1.5-Story Property
- 1 Fireplace
- Living Room
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Additional Features
- Porch
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Thorpe Bros Glenwood Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 2902924130057
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2023
Closed on
Jan 24, 2024
Sold by
Staber Diana Lynn and Staber Gregory Harlan
Bought by
Laulainen Mark Douglas and Laulainen Lana Lee
Seller's Agent
Matt Rich
LPT Realty, LLC
Buyer's Agent
Melissa Niichel
Edina Realty, Inc.
List Price
$409,900
Sold Price
$300,000
Premium/Discount to List
-$109,900
-26.81%
Total Days on Market
129
Views
181
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,062
Avg. Annual Appreciation
20.88%
Original Mortgage
$285,000
Outstanding Balance
$281,340
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$104,722
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Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Laulainen Mark Douglas | $300,000 | Legacy Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Laulainen Mark Douglas | $285,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/24/2024 01/24/24 | Sold | $300,000 | -6.2% | $230 / Sq Ft |
| 01/01/2024 01/01/24 | Pending | -- | -- | -- |
| 12/14/2023 12/14/23 | Price Changed | $319,900 | -3.0% | $245 / Sq Ft |
| 11/30/2023 11/30/23 | Price Changed | $329,900 | -2.9% | $253 / Sq Ft |
| 11/17/2023 11/17/23 | Price Changed | $339,900 | -2.9% | $261 / Sq Ft |
| 10/11/2023 10/11/23 | Price Changed | $349,900 | -6.7% | $268 / Sq Ft |
| 09/27/2023 09/27/23 | Price Changed | $374,900 | -3.0% | $288 / Sq Ft |
| 09/07/2023 09/07/23 | Price Changed | $386,500 | -5.7% | $296 / Sq Ft |
| 08/25/2023 08/25/23 | For Sale | $409,900 | -- | $314 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $5,499 | $423,000 | $166,000 | $257,000 |
| 2022 | $5,839 | $423,000 | $144,000 | $279,000 |
| 2021 | $5,627 | $423,000 | $116,000 | $307,000 |
| 2020 | $5,974 | $422,500 | $109,400 | $313,100 |
| 2019 | $5,046 | $414,000 | $105,500 | $308,500 |
| 2018 | $4,708 | $345,000 | $105,500 | $239,500 |
| 2017 | $4,445 | $299,500 | $95,900 | $203,600 |
| 2016 | $4,359 | $286,000 | $95,900 | $190,100 |
| 2015 | $4,530 | $272,500 | $95,900 | $176,600 |
| 2014 | -- | $237,000 | $80,500 | $156,500 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Rich
Seller's Agent in 2024
Matt Rich
LPT Realty, LLC
(651) 755-3543
1 in this area
106 Total Sales
-
Melissa Niichel
Buyer's Agent in 2024
Melissa Niichel
Edina Realty, Inc.
(507) 398-6929
1 in this area
74 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6422481
APN: 29-029-24-13-0057
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