NOT LISTED FOR SALE

3605 3rd Ave S Minneapolis, MN 55409

Central Neighborhood

Estimated Value: $295,279 - $320,000

5 Beds
3 Baths
2,570 Sq Ft
$120/Sq Ft Est. Value

Last Sold January 31, 2014

Last sale price $166,500 $65 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,073/month

96 Days on Market

Highlights

  • Forced Air Heating System
  • Washburn High School Rated A-
  • 3-minute walk to Ernestine Belton Memorial Playground

About This Home

As of January 2014

Great Central Neighborhood Triplex in S. Minneapolis. Updated Mechanicals, newer vinyl thermopane windows, realistic asking price. Don't wait, this is priced to sell.

Last Agent to Sell the Property

Brad Schaeppi

InvestProp Listed on: 08/26/2013

Last Buyer's Agent

Benjamin Trudeau

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,415

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x130

Parking

  • Driveway

Home Design

  • 2,570 Sq Ft Home
  • Triplex

Utilities

  • Forced Air Heating System

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units

Listing and Financial Details

  • Foreclosure
  • Short Sale

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,415

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Triplex
  • Assessment Balance: 146
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Potential Short Sale: Yes
  • Projected Closed Date: 02/28/2014
  • Street Designation: Avenue
  • Taxes With Assessments: 2561
  • Estimated Number of Acres: 0.12
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished
  • Finished Above Grade Sq Ft: 2570
  • Total Fin Square Footage: 2570

Exterior Features

  • Exterior Amenities: Driveway - Concrete

Utilities

  • Heat: Forced Air
  • Sewer: City

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 40x130

Building Info

  • Year Built: 1910

Multi Family

  • Total Units Available: 3

Tax Info

  • Year: 2013
  • Tax Value: 2415

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2013
Closed on
Jan 31, 2014
Sold by
Pristenville Investment Llc
Bought by
Merz William
Seller's Agent
Brad Schaeppi
InvestProp
Buyer's Agent
Benjamin Trudeau
Edina Realty, Inc.
List Price
$199,000
Sold Price
$166,500
Premium/Discount to List
-$32,500
-16.33%
Current Estimated Value
$309,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,570
Avg. Annual Appreciation
6.35%
Original Mortgage
$124,875
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2013
Sold by
Pristenville Investment Llc
Bought by
Cortrust Bank Na

Purchase Details

Closed on
Jun 17, 2009
Sold by
U S Bank National Association
Bought by
Pristenville Investments Llc

Purchase Details

Closed on
Dec 16, 1999
Sold by
Bank Of New York
Bought by
Dash Rajesh S and Dash Kelly S Lamphear

Purchase Details

Closed on
Jul 22, 1997
Sold by
Moreland Bennie
Bought by
Proetz Christian J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Merz William $166,500 Guaranty Title Inc
Cortrust Bank Na $53,124 None Available
Pristenville Investments Llc $25,000 --
Dash Rajesh S $47,400 --
Proetz Christian J $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merz William $302,400
Closed Merz William $124,875
Previous Owner Pristenville Investments Llc $55,000
Closed Proetz Christian J --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2014 01/31/14 Sold $166,500 -16.3% $65 / Sq Ft
11/30/2013 11/30/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $199,000 -- $77 / 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
2023 $5,199 $325,000 $64,000 $261,000
2022 $4,960 $304,000 $58,000 $246,000
2021 $5,124 $292,000 $39,000 $253,000
2020 $5,043 $307,000 $32,100 $274,900
2019 $4,717 $279,000 $21,400 $257,600
2018 $4,308 $253,500 $21,400 $232,100
2017 $4,405 $228,500 $19,500 $209,000
2016 $3,867 $200,000 $19,500 $180,500
2015 $2,648 $130,500 $19,500 $111,000
2014 -- $113,500 $19,500 $94,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Brad Schaeppi

    InvestProp

  • B

    Buyer's Agent in 2014

    Benjamin Trudeau

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4527323

REALTOR® Association of Southern Minnesota

APN: 03-028-24-44-0050

Minnesota Hennepin County Minneapolis 55408 Central

3605 3rd Ave S, Minneapolis, MN

This home is located at 3605 3rd Ave S, Minneapolis, MN 55409 since 26 August 2013 and is currently estimated at $309,070, approximately $120 per square foot. This property was built in 1910. 3605 3rd Ave S is a home located in Hennepin County with nearby schools including Barton Elementary School, Justice Page Middle School, and Washburn 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.

Nearby Homes