7889 Firwood Way NE Minneapolis, MN 55432
Craigway NeighborhoodEstimated Value: $370,000 - $400,000
6
Beds
3
Baths
1,949
Sq Ft
$198/Sq Ft
Est. Value
About This Home
As of September 2022Nice side by side duplex with one 3-bedroom 2 bath unit and one 3-bedroom 1 bath unit. Both units have Hardwood floors, separate garages, and full partially finished basements with laundry rooms. This rent-ready duplex is a great value and will cash flow nicely for an investor or offset the cost of living foran owner occupant. Great location, close to parks, Mississippi river and Spring Brook Nature center.Current rent for 7891 side is below market at $1090/mo. Upgrades include four new windows in each unit,new sidewalk and driveway, egress window in each unit, water heater in each unit, new electric box in each unit, new furnace (2016) in 7891 unit.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,726
Year Built
- Built in 1963
Lot Details
- Lot Dimensions are 75x135
- Chain Link Fence
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Duplex
Interior Spaces
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Utilities
- Baseboard Heating
- Hot Water Heating System
- Cable TV Available
Community Details
- 2 Units
- Pearsons Craigway Estate 2Nd A Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel
- The owner pays for insurance, taxes, trash collection, water
- Assessor Parcel Number 033024340003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2022
Closed on
Sep 29, 2022
Sold by
Shih Xiaolong
Bought by
Hanson Benjamin
Seller's Agent
Mark Kelzenberg
LPT Realty, LLC
Buyer's Agent
Kerby Skurat
RE/MAX Results
List Price
$349,900
Sold Price
$370,000
Premium/Discount to List
$20,100
5.74%
Total Days on Market
0
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
$16,096
Avg. Annual Appreciation
1.61%
Original Mortgage
$363,298
Outstanding Balance
$349,689
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$36,407
Purchase Details
Closed on
Mar 11, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Shih Xiaolong
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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 |
|---|---|---|---|
| Hanson Benjamin | $370,000 | -- | |
| Shih Xiaolong | $109,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hanson Benjamin | $363,298 | |
| Previous Owner | Zielinski John R | $57,644 | |
| Previous Owner | Zielinski John R | $135,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $370,000 | +5.7% | $190 / Sq Ft |
| 08/17/2022 08/17/22 | Pending | -- | -- | -- |
| 08/17/2022 08/17/22 | For Sale | $349,900 | -- | $180 / 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 |
|---|---|---|---|---|
| 2025 | $4,483 | $388,500 | $94,600 | $293,900 |
| 2024 | $4,483 | $327,600 | $72,600 | $255,000 |
| 2023 | $3,950 | $325,100 | $77,200 | $247,900 |
| 2022 | $4,774 | $320,400 | $51,200 | $269,200 |
| 2021 | $4,535 | $267,700 | $47,700 | $220,000 |
| 2020 | $4,596 | $251,900 | $45,800 | $206,100 |
| 2019 | $4,170 | $244,500 | $45,400 | $199,100 |
| 2018 | $3,811 | $220,300 | $0 | $0 |
| 2017 | $3,401 | $193,100 | $0 | $0 |
| 2016 | $3,076 | $149,400 | $0 | $0 |
| 2015 | -- | $149,400 | $29,800 | $119,600 |
| 2014 | -- | $121,500 | $26,800 | $94,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Kelzenberg
Seller's Agent in 2022
Mark Kelzenberg
LPT Realty, LLC
(612) 619-5635
1 in this area
21 Total Sales
-
Kerby Skurat
Buyer's Agent in 2022
Kerby Skurat
RE/MAX Results
(612) 812-9262
2 in this area
2,827 Total Sales
-
David T Lee
Buyer Co-Listing Agent in 2022
David T Lee
RE/MAX Results
(763) 591-6000
1 in this area
121 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6249967
APN: 03-30-24-34-0003
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