NOT LISTED FOR SALE

8449 Cottagewood Terrace NE Minneapolis, MN 55432

Estimated Value: $306,000 - $362,000

3 Beds
2 Baths
2,074 Sq Ft
$165/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $224,900 $108 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,094/month

43 Days on Market

Highlights

  • 105 Feet of Waterfront
  • Property is near public transit
  • Fireplace
  • Deck
  • Vaulted Ceiling
  • 4-minute walk to Little Bit Park

About This Home

As of April 2015

Updated 3 bd. 2 ba spl-levl home on private lakeshore 1/2 acre-lot. Vaulted ceilings w/open floor plan & Lg Mas Bed 25x12. Kit has granite counter tops and S/S appl. All new mechanicals plus heated 2-car Gar w/work bench. 2 FP & mosquito-free Screen porch

Last Agent to Sell the Property

William Clark

RE/MAX Advantage Plus Listed on: 02/10/2015

Co-Listed By

Ryan O'Neill

RE/MAX Advantage Plus

Last Buyer's Agent

Eva Spenny

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,513

Year Built

  • Built in 1966

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 88x202x105
  • 105 Feet of Waterfront
  • Lake Front

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • Vaulted Ceiling
  • Fireplace
  • Combination Kitchen and Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk Through Bedroom
  • Bathroom on Main Level

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Patio
  • Storage Shed
  • Porch

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 013024220010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,513

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Garage Door Opener, Vaulted Ceilings, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Driveway - Concrete, Patio, Porch
  • Estimated Number of Acres: 0.49
  • Construction: Previously Owned
  • Foundation Size: 1092
  • Mechanicals: Furnace Humidifier, Water Softener-Owned
  • Parcel Number: 013024220010
  • Stories: Bi-Level Split
  • Street Designation: Terrace
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen
  • Fireplace: Yes
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath, Master Walk-Thru
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 22x13, On Level: Main
  • Room 2: Dining Room, 12x11, On Level: Main
  • Room 3: Family Room, 22x12, On Level: Lower
  • Room 4: Kitchen, 13x10, On Level: Main
  • Room 5: Bedroom, 25x12, On Level: Main
  • Room 6: Bedroom, 12x11, On Level: Lower
  • Room 7: 10x10, On Level: Lower
  • Room 9: Family Room, 12x13, On Level: Lower
  • Room 10: Porch, 16x11, On Level: Lower
  • Room 11: Deck, 16x14, On Level: Main
  • Basement Features: Egress Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 1134
  • Below Grade Finished Sq Ft: 940
  • Total Fin Square Footage: 2074

Exterior Features

  • Frontage Road: City
  • LakeAcres: 65.29
  • Exterior: Brick, Fiber Board
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 105
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 88x202x105
  • Lot/Land Description: Pub. Trans (w/in 6 blks)

Building Info

  • Year Built: 1966

Tax Info

  • Year: 2014
  • Tax Value: 2513

MLS Schools

  • School District: Spring Lake Park #16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2015
Closed on
Apr 17, 2015
Sold by
Glese Glendon R and Glese Debra J
Bought by
Nelson Eric A
Seller's Agent
William Clark
RE/MAX Advantage Plus
Buyer's Agent
Eva Spenny
Edina Realty, Inc.
List Price
$224,900
Sold Price
$224,900
Current Estimated Value
$343,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,278
Avg. Annual Appreciation
4.04%
Original Mortgage
$220,825
Outstanding Balance
$170,057
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$173,121
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nelson Eric A $224,900 Titlesmart Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Eric A $220,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2015 04/17/15 Sold $224,900 0.0% $108 / Sq Ft
03/25/2015 03/25/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $224,900 -- $108 / 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
2025 $3,464 $320,800 $70,300 $250,500
2024 $3,464 $303,700 $63,900 $239,800
2023 $3,364 $329,100 $77,000 $252,100
2022 $3,144 $322,100 $63,200 $258,900
2021 $3,028 $254,000 $52,600 $201,400
2020 $3,194 $245,300 $56,600 $188,700
2019 $2,892 $243,200 $61,700 $181,500
2018 $2,793 $217,500 $0 $0
2017 $2,698 $199,700 $0 $0
2016 $2,604 $181,200 $0 $0
2015 $2,466 $181,200 $53,100 $128,100
2014 -- $166,000 $52,400 $113,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4716336

REALTOR® Association of Southern Minnesota

APN: 01-30-24-22-0010