NOT LISTED FOR SALE

715 5th St SE Minneapolis, MN 55414

Marcy-Holmes Neighborhood

Estimated Value: $585,000 - $688,000

6 Beds
3 Baths
2,684 Sq Ft
$236/Sq Ft Est. Value

Last Sold December 23, 2014

Last sale price $378,000 $141 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,218/month

136 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Landscaped with Trees
  • Wood Flooring
  • Woodwork
  • Central Air

About This Home

As of December 2014

Phenomenal Renovation! Gorgeous Kitchens With New Cabinets, Granite Counter Tops, Appliances & Refinished Maple Floors! 2 New Boilers & 3 AC Units. Beautiful 3 New Bathrooms. Walk to DT or the U of M. Lots of Room To Increase Rents. Spacious fenced yard!

Last Agent to Sell the Property

Jason Reed

RE/MAX Results Listed on: 07/29/2014

Last Buyer's Agent

Mary Benson

Creek Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,062

Year Built

  • Built in 1913

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 44x165
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,684 Sq Ft Home
  • Woodwork
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Location

  • Property is near public transit

Utilities

  • Central Air
  • Boiler Heating System

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,062

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 742
  • Assessments: Yes
  • Construction: Previously Owned
  • Projected Closed Date: 12/31/2014
  • Taxes With Assessments: 5804
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Unfinished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2684
  • Total Fin Square Footage: 2684

Exterior Features

  • Frontage Road: City, Paved
  • Exterior: Brick
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Concrete

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Boiler

Condo/Co-op/Association

  • Shared: Deck

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Estimated Lot Dimensions: 44x165

Rental Info

  • Owner Expense: Lawn, Maint/Repair, Trash, Water/Sewer
  • Tenant Expense: Electric, Fuel

Building Info

  • Year Built: 1913

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 5850

Tax Info

  • Year: 2013
  • Tax Value: 5062

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2014
Closed on
Dec 18, 2014
Sold by
Cranmer Linda B and Cranmer Thomas L
Bought by
Ryan Paul C
Seller's Agent
Jason Reed
RE/MAX Results
Buyer's Agent
Mary Benson
Creek Realty
List Price
$399,900
Sold Price
$378,000
Premium/Discount to List
-$21,900
-5.48%
Current Estimated Value
$633,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,050
Avg. Annual Appreciation
4.91%
Original Mortgage
$283,500
Outstanding Balance
$217,719
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$415,332

Purchase Details

Closed on
Aug 30, 2013
Sold by
Fisher James E
Bought by
Cranmer Linda B and Cranmer Thomas L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2013
Sold by
Fisher James E
Bought by
Compass Bank

Purchase Details

Closed on
Jan 3, 2013
Sold by
Fisher James E
Bought by
Compass Bank

Purchase Details

Closed on
Jan 24, 2003
Sold by
Charpentier Thomas
Bought by
Fisher James E and Fisher Karre M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ryan Paul C $378,000 Worldwide Recording Inc
Cranmer Linda B $222,000 At Home Title
Compass Bank $180,000 None Available
Compass Bank $180,000 --
Fisher James E $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Paul C $283,500
Previous Owner Cranmer Linda B $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2014 12/23/14 Sold $378,000 -5.5% $141 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
07/29/2014 07/29/14 For Sale $399,900 -- $149 / 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
2024 $10,487 $575,000 $179,000 $396,000
2023 $9,390 $587,000 $173,000 $414,000
2022 $9,463 $553,000 $149,000 $404,000
2021 $7,907 $557,000 $161,000 $396,000
2020 $8,149 $484,000 $96,600 $387,400
2019 $8,368 $461,000 $69,500 $391,500
2018 $7,225 $461,000 $69,500 $391,500
2017 $7,029 $375,000 $63,200 $311,800
2016 $6,304 $326,000 $63,200 $262,800
2015 $5,529 $272,500 $63,200 $209,300
2014 -- $239,500 $56,500 $183,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jason Reed

    RE/MAX

  • M

    Buyer's Agent in 2014

    Mary Benson

    Creek Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4654124

REALTOR® Association of Southern Minnesota

APN: 24-029-24-23-0044

Minnesota Hennepin County Minneapolis 55414 Marcy-Holmes

715 5th St SE, Minneapolis, MN

This home is located at 715 5th St SE, Minneapolis, MN 55414 since 29 July 2014 and is currently estimated at $633,050, approximately $235 per square foot. This property was built in 1913. 715 5th St SE is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison 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.

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